Core Insights - The company reported an occupancy rate of 83% in August, marking a 5 percentage point increase compared to the previous year [2] - Average Cabin Revenue (ACR) saw an approximate increase of 15% compared to August 2024 [2] - Total ticket revenue grew by nearly 15% year-over-year, although this growth was partially offset by one fewer roundtrip operated this year [2] - As of now, 68% of the 2025 capacity is booked, which represents about 91% of the full-year targeted cabin nights [2] - ACR is currently over 20% higher than the same time last year for the full year [2] - For 2026, 31% of capacity is already booked, with ACR more than 10% higher than the same time last year for 2025 [2] - Forward bookings indicate continued revenue growth and EBITDA margin expansion into 2026 [2]

Core Points - Havila Kystruten AS published its Q2 2025 financial report on August 28, 2025 [1] - The earnings call will be held on August 29, 2025, at 10:00 CET, featuring CEO Bent Martini and CFO Aleksander Røynesdal [1] - A presentation of the results is attached, and a recording will be available on the company's website [1] Contacts - Chief Executive Officer: Bent Martini, +47 905 99 650 [1] - Chief Financial Officer: Aleksander Røynesdal, +47 413 18 114 [1] Regulatory Information - The information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act [1]

Core Viewpoint - Havila Kystruten is experiencing strong operational performance and positive EBITDA in Q2 2025, primarily driven by revenue growth and increased passenger activity [1][3]. Financial Performance - The company reported total revenues of MNOK 416, with operational revenue increasing by 22% year-over-year [1]. - EBITDA reached MNOK 79, up 35% from Q2 2024 and significantly higher than MNOK 11 in Q1 2025 [3]. Operational Metrics - Passenger nights increased by 18%, and the average cabin rate (ACR) rose by 20% [2]. - Occupancy improved to 74% from 69%, and the cabin factor increased from 1.78 to 1.88 [2]. - Onboard sales grew by 12% year-over-year [2]. Cost Structure - Operating expenses increased by 8% compared to Q2 2024, mainly due to higher activity and general cost inflation [3]. - The largest increase in costs was a 17% rise in the cost of goods sold, linked to passenger growth [3]. Currency Impact - The company faced a net foreign exchange loss of MNOK 141 in Q2 2025, compared to a net gain of MNOK 129 in the previous quarter [4]. - Book equity stood at a negative MNOK 661 at the end of June 2025, but value-adjusted equity was positive at MNOK 3,132 when accounting for the ships' market value [4]. Sustainability Efforts - CO2 emissions were reduced by 38% compared to the 2017 Coastal Route baseline [5]. - The company achieved a target of reducing food waste to less than 75 grams per guest per day, with an actual result of 57 grams in Q2 [5]. Employee Overview - As of June 30, 2025, the company had a total of 560 permanent employees, including 498 seafarers and 62 in administration [6]. Strategic Developments - In July, the company amended its secured bond, extending maturity to January 2027 and reducing the interest rate to 6.5% for the first five months [7]. - In August, the company renegotiated its LNG procurement agreement, introducing a dual-supplier model expected to reduce annual fuel costs by over 10% from Q4 2025 [8]. Booking and Market Outlook - As of now, 66% of the capacity for 2025 has been booked, corresponding to 88% of the annual target for cabin nights [9]. - For 2026, 28% of capacity is already booked at significantly higher average prices than for 2025, indicating expectations of continued top-line growth [10]. Competitive Position - The market for travel to Norway is growing, and Havila Kystruten's modern, environmentally friendly fleet has received multiple international awards, providing a competitive advantage [11]. - The company aims to increase direct bookings, which historically yield higher prices closer to departure [12]. Revenue Enhancement Strategies - Efforts to increase onboard sales are ongoing, with targeted pricing strategies and product promotions [13]. - Sales of shorter voyages increased by over 40% during the summer season, indicating strong market interest and potential for optimized revenues [14].

Havila Kystruten AS will publish its Q2 2025 financial report on Thursday, August 28, 2025. Bent Martini, CEO, and Aleksander Røynesdal, CFO, will present the results in an earnings call at 10:00 CET on Friday, August 29, 2025, followed by a Q&A session. The earnings call can be accessed through the following link: https://www.appairtime.com/event/d4a49d14-0222-417c-93c4-018f4596e41a A recording will be available on the Company's website. Contacts: Chief Executive Officer: Bent Martini, +47 905 99 650 Chi ...

Core Insights - Havila Kystruten AS has renegotiated its LNG procurement agreement, allowing the company to source approximately one-third of its LNG volume from an alternative supplier in Northern Norway through 2030 [1] - The revised agreement introduces a dual-supplier model, linking part of the LNG pricing to gasoil, which diversifies the fuel price indexation [2] - The company anticipates annual fuel cost savings of more than 10% based on current forward pricing, with the new arrangement expected to take effect from Q4 2025 [3] LNG Procurement Agreement - The company can now source about one-third of its LNG from a new supplier at Melkøya, near Hammerfest, enhancing its supply chain resilience [1] - The dual-supplier model links two-thirds of LNG pricing to TTF and one-third to gasoil, reducing exposure to fuel price volatility [2] Cost Optimization - Planned improvements to bunkering logistics in Northern Norway, combined with a competitive pricing formula, are expected to lead to significant cost savings [3] - The updated procurement structure supports the company's focus on cost optimization and enhances predictability in fuel costs [3]

Core Insights - The company reported a significant increase in occupancy and revenue metrics for July, indicating strong operational performance and positive market trends [2] Booking Position - As of now, 66% of the 2025 capacity is booked, which corresponds to approximately 88% of the full-year targeted cabin nights [2] - For 2026, 27% of the capacity is already booked, with ACR exceeding the same time last year by more than 10% [2] Revenue Growth - Occupancy in July reached 82%, marking a 4% increase compared to the previous year [2] - Average Cabin Revenue (ACR) saw an approximate 15% increase compared to July 2024 [2] - Total ticket revenue grew by over 30% year-over-year, with ticket revenue for shorter voyages increasing by more than 40% [2] - ACR is currently more than 20% above the same time last year for the full year [2] - Forward bookings are expected to support continued revenue growth and EBITDA margin expansion into 2026 [2]

Operational Highlights - Occupancy in June reached 76%, consistent with the previous year [2] - Average Cabin Revenue (ACR) increased by 23% compared to June 2024 [2] - Total ticket revenue grew by more than 20% year-over-year [2] Booking Position - As of now, 65% of 2025 capacity is booked, representing about 87% of the full-year targeted cabin nights [2] - ACR is currently more than 20% above the same time last year for the full year [2] - 25% of 2026 capacity is already booked with more than 10% higher ACR than the same time last year for 2025 [2] Revenue Growth Outlook - Forward bookings support continued revenue growth and EBITDA margin expansion into 2026 [2]

Havila Kystruten AS (“HKY” or the “Company”) has entered into an amendment agreement regarding its existing secured bond. Under the amended terms, the bond maturity has been extended by six months from July 2026 to January 2027. To support HKY’s ability to explore new financing options in the near term, the Company has agreed to settle the call premium applicable through January 2026. This provides HKY with greater flexibility and time to secure long-term financing alternatives. As part of the revised agree ...

Operational Highlights - Occupancy in April was 69%, an increase of 4% compared to April 2024 [3] - Average Cabin Revenue (ACR) rose by nearly 30% year-over-year [3] - Total ticket revenue grew by over 20% year-over-year, despite reduced capacity due to Havila Castor being in dry-dock [3] Booking Position - As of the end of April, 60% of 2025 capacity is booked, representing about 80% of the full-year targeted cabin nights [3] - Occupancy for Q2 2025 is at 72%, compared to a final 69% in Q2 last year [3] - 21% of 2026 capacity is already booked at significantly higher average prices (ACR) than in 2025 [3] Revenue Growth and Margin Expansion - Forward bookings indicate continued revenue growth and EBITDA margin expansion into 2026 [3] - Booking distribution is more balanced across north and south routes than last year, allowing for further sales closer to departure [3] - Full year occupancy for 2025 is expected to trend higher moving forward due to Q4 campaigns starting about three months later [3]