Havila Voyages has reported strong revenue growth and reduced emissions in the fourth quarter of 2025

The line, which operates four ships along the Norwegian coast, has today released its financial results for the last three months of 2025.

The company found total revenue in 2025 was 1.775 billion Norwegian Krone (£138 million), up from 1.523 billion in 2024, representing a 17 per cent revenue growth, which it attributed to demand and an increased cabin rate.

Bent Martini, chief executive, said: “The year behind us shows what we can achieve when we combine modern ships, skilled people and an operating setup that delivers high predictability.

“One hundred per cent uptime throughout the year along the demanding Norwegian coast is an achievement everyone in the company should be proud of.”

Martini went on to say the line chose to invest more in marketing and sales in the fourth quarter to strengthen booking levels going into 2026.

“That resulted in lower short-term profitability at the end of last year, but we are already seeing clear positive effects in the 2026 booking figures, where more than 63 per cent of total capacity has already been sold,” he said.

“We are seeing the effects of better management, higher prices and stable operations. At the same time, we have made targeted investments to support long-term growth.”

Havila Voyages has also reported improved emissions performance for its fleet, with carbon dioxide emissions in the fourth quarter of 2025 down 38 per cent compared to the same period in 2017.

Martini said: “Our emissions have also been significantly reduced and we are proud of that. We have come. along way and our ambitions going forward are high as we move closer to climate neutrality, meaning a 90 per cent or great actual reduction in our CO2 emissions.”

Meanwhile, total operating expenses were roughly seven per cent higher in 2025 compared to 2024.

“More guests, general inflation and strengthening our shore-based organisation, in addition to increased sales and marketing costs, are the reasons for the cost increase,” Martini said. “With more guests, costs also rise somewhat.”

He added: “Overall, we are pleased with the development of our company. After refinancing the company last year, we strongly believe that 2026 will deliver even better results, both on the top and bottom line.”