Key points:

• EBITDA NOK 98 million, up 24% y/y; margin 21% (19% in Q2 2025)
• Revenue NOK 479 million, +15%
• Ticket revenue NOK 287 million (+10%); onboard NOK 85 million (+32%, +6% per passenger night); contract revenue NOK 103 million (+22%)
• Occupancy 83% (from 74%); cabin factor 1.86 (from 1.88); passenger nights 99,800 (+17%)
• 100% operational uptime across the fleet
• CO2 emissions down 36% vs the coastal route's 2017 baseline

The company’s EBITDA margin rose to 21%, up from 19% in the second quarter of 2025.

“We are extremely pleased with the development in the second quarter. The strong earnings growth demonstrates that our investment in commercial capacity, sales and marketing is now delivering results,” said Havila Kystruten CEO Bent Martini.

Total operating revenue amounted to NOK 479 million in the second quarter, an increase of 15% compared with the same quarter last year. Ticket revenue rose by 10% to NOK 287 million, driven by higher occupancy, while onboard revenue increased by as much as 32% to NOK 85 million. Onboard revenue per passenger night rose by 6%. Contract revenue increased by 22% to NOK 103 million.

Average fleet occupancy increased significantly to 83%, up from 74% in the second quarter of 2025, while the cabin factor declined slightly from 1.88 to 1.86. The number of passenger nights rose by 17% to 99,800. The fleet achieved operational uptime of 100%.

“With strong occupancy and 100% operational uptime across the fleet, we are delivering profitability as well as reliability for the coastal communities we serve. Bookings for the third quarter are strong, and we are seeing steadily increasing demand for our product,” said Martini.

Havila Kystruten is continuing its sustainability efforts. During the quarter, the group reduced CO2 emissions by 36% compared with the coastal route’s 2017 baseline. “Sustainability is an integral part of how we operate the company, and we are proud both to deliver emissions below the targets for the coastal route and to maintain our focus on reducing food waste in our daily operations,” Martini concluded.

With its four LNG dual-fuel battery-hybrid coastal passenger ships HAVILA CAPELLA, HAVILA CASTOR, HAVILA POLARIS and HAVILA POLLUX, Havila Kystruten operates under contract with the Norwegian government as part of the iconic and historic coastal passenger service between Bergen in the south and Kirkenes in the north, commonly known as the Hurtigruten. A total of 11 vessels operate the service.

© Shippax