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]

Table of Contents As filed with the Securities and Exchange Commission on September 9, 2024. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Viking Holdings Ltd (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) (State or other jurisdiction of incorporation or organization) Bermuda 4400 Not Applicable (Primary Standard Industrial Cl ...

Table of Contents As filed with the U.S. Securities and Exchange Commission on April 29, 2024. Registration No. 333-278515 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 4 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Viking Holdings Ltd (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Cla ...

Table of Contents As filed with the U.S. Securities and Exchange Commission on April 22, 2024. Registration No. 333-278515 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Viking Holdings Ltd (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) (State or other jurisdiction of incorporation or organization) Bermuda 4400 Not Applicable (Primar ...

Table of Contents As filed with the U.S. Securities and Exchange Commission on April 5, 2024. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Viking Holdings Ltd (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) (State or other jurisdiction of incorporation or organization) Bermuda 4400 Not Applicable (Primary Standard Industrial C ...