Viking Fleet Expands, Revenue Skyrockets – Chris Cruises

Robust Q1 Monetary Efficiency: Viking reported an almost 25% income improve to $897.1 million in Q1 2025, with considerably improved gross margins, a lowered internet loss ($105.5 million), and a considerable rise in Adjusted EBITDA ($72.8 million).
Strong Reserving Momentum: Demand stays excessive with 92% of 2025 capability already booked (as of Could 11, 2025), totaling $5.5 billion prematurely bookings for the 12 months, and robust early bookings for 2026.
Aggressive Fleet Enlargement: Viking continues to develop its fleet with new river and ocean vessels, together with exercising choices for ocean ships for 2031 and 2033, and anticipates a 12% improve in working capability for 2025.
Pioneering Sustainable Know-how: Viking is making important strides in inexperienced cruising, saying that its 2026 newbuild, Viking Libra, would be the world’s first hydrogen-powered cruise ship able to zero-emission operation.

Viking Holdings Ltd. introduced a sturdy monetary efficiency for the primary quarter ended March 31, 2025, signaling robust momentum and continued progress. Complete income reached $897.1 million, an almost 25% improve in comparison with Q1 2024, pushed by expanded cruise capability (up nearly 15%) and better pricing. The corporate maintained a excessive occupancy fee of 94.5%, and internet yield improved by 7.1% to $544. Gross margin surged by over 53% to $245.5 million, with adjusted gross margin additionally climbing considerably by almost 24% to $613.3 million.

Viking reported a considerably lowered internet lack of $105.5 million for Q1 2025, a considerable enchancment from the $490.7 million loss in Q1 2024, which was closely impacted by prices associated to desire shares transformed earlier than the corporate’s IPO. Adjusted EBITDA rose sharply to $72.8 million. Chairman and CEO Torstein Hagen highlighted the robust demand for enriching journey experiences, noting that 92% of the 2025 season’s capability was already booked as of Could 11, 2025. Advance bookings for 2025 totaled $5.5 billion (up 21% from 2024), and 2026 bookings stood at $2.7 billion (up 11% from 2025).

The corporate is aggressively increasing its fleet, having taken supply of the Viking Nerthus river vessel in early 2025, with one ocean ship and 9 extra river vessels anticipated for the rest of the 12 months. Wanting additional forward, Viking exercised choices for 2 new ocean vessels for 2031 and secured choices for 2 extra in 2033. A landmark transfer in direction of sustainability was the announcement that the Viking Libra, delivering in 2026, will probably be hydrogen-powered, able to zero-emission operation. Viking maintains a robust liquidity place with $2.8 billion in money and money equivalents.