Havila Kystruten AS: Trading Update for May 2025

Operational Highlights - Occupancy in May reached 77%, an increase of 22 percentage points compared to May 2024 [4] - The number of Cabin Nights rose by 50% year-over-year [4] - Average Cabin Revenue (ACR) increased by more than 10% compared to May 2024 [4] - Total ticket revenue grew by over 67% year-over-year [4] Booking Position - As of now, 63% of 2025 capacity is booked, representing about 84% of the full-year targeted cabin nights [4] - Occupancy for Q2 2025 is at 74% with 0.5 months remaining, compared to a final 69% in Q2 last year [4] - 22% of 2026 capacity is already booked with close to 15% higher ACR than the same time last year for 2025 [4] - Forward bookings support continued revenue growth and EBITDA margin expansion into 2026 [4]