Q3 2025 Business Update - Net Yield increased by 7.1% year-over-year[10] - 2025 Advance Bookings reached 96% of Capacity PCD sold[10] - 2026 Advance Bookings reached 70% of Capacity PCD sold[10] Q3 2025 Financial Highlights - Total revenue for the three months ended September 30, 2025, was $2 billion, compared to $1.679 billion in 2024[28] - Adjusted Gross Margin for the three months ended September 30, 2025, was $1.334 billion, compared to $1.099 billion in 2024[28] - Net income for the three months ended September 30, 2025, was $514 million, compared to $380 million in 2024[28] - Adjusted EBITDA for the three months ended September 30, 2025, was $704 million, compared to $554 million in 2024[28] - Adjusted EBITDA Margin was 52.8% for the three months ended September 30, 2025, compared to 50.4% in 2024[28] Viking River and Viking Ocean Key Metrics (Nine Months Ended September 30, 2025) - Consolidated Occupancy was 95.5%[30] - Consolidated Adjusted Gross Margin was $3.184 billion[30] - Consolidated Net Yield was $598[30] Strong Cash Generation and Manageable Bond Maturities - Cash and cash equivalents as of September 30, 2025, were $3 billion[37] - Net Debt as of September 30, 2025, was $2.8 billion[37] - Net Leverage was 1.6x as of September 30, 2025[37] Business Outlook - 2025 Season Advance Bookings reached $5.6 billion, a 21% growth, with 96% Capacity PCD sold[42] - 2026 Season Advance Bookings reached $4.9 billion, a 14% growth, with 70% Capacity PCD sold[44]

Financial Performance - Total revenue for Q2 2025 reached $1880 million, compared to $1587 million in Q2 2024[28] - Adjusted Gross Margin for Q2 2025 was $1237 million, up from $1038 million in Q2 2024[28] - Net income for Q2 2025 was $439 million, significantly higher than the $160 million reported in Q2 2024[28] - Adjusted EBITDA for Q2 2025 was $633 million, compared to $493 million in Q2 2024[28] - Net Yield was $607 in Q2 2025, compared to $562 in Q2 2024[28] Bookings and Capacity - 2025 Advance Bookings reached $5600 million, showing a 21% growth[41] - 2026 Advance Bookings amounted to $3900 million, reflecting a 13% growth[43] - 96% of 2025 Capacity Passenger Cruise Days (PCD) have been sold[41] - 55% of 2026 Capacity Passenger Cruise Days (PCD) have been sold[43] Fleet and Expansion - The company has 85 River vessels, 12 Ocean ships, and 2 Expedition ships[19] - The company is expanding in destinations like the Nile, Mekong, and Brahmaputra rivers[22]