Hurtigruten has shared its 2025 annual results as the company said the year was marked by strong financial momentum, with significantly improved profitability, solid revenue growth and a strengthened financial position, according to a statement.
“The 2025 figures show that the changes we have implemented are delivering results. The underlying operations have improved significantly, we have strong revenue growth, and a stronger financial position,” said CEO Hedda Felin.
“This gives us the stability we need to prioritize reliable operations, quality, and profitable growth going forward. We are ready for a busy summer season with very strong demand. We see that more and more people want to experience Norwegian nature and cuisine, and we are pleased that many choose Hurtigruten as their first option.”
EBITDA (earnings before interest, taxes, depreciation, and amortization) increased more than 80% year-on-year, amounting to €90.2 million ($105.7 million), compared to €49.8 million in 2024.
Hurtigruten added that a significant portion of its debt was converted into equity in 2025, additional capital was injected by owners and maturities on new debt were extended to 2030.
Trading was said to be particularly strong in North America, with total booked revenue rising by 10% year-on-year.
The Signature product series saw the strongest booked growth of 52%, with trade alone driving a 72% increase.
Operating revenues amounted to €501.8 million, representing a 12% increase.
The number of guests grew by 6%, amounting to 222,000 in 2025.
When it comes to sustainability, Hurtigruten invested over €150 million in a comprehensive green upgrade program for its fleet, which was completed in 2025.
Four of its ten ships have been converted to hybrid operation, which contributed to a 29% reduction in CO2 emissions and 69% in NOx emissions since 2018.
This led to lower emissions per guest and Scope 1 CO2 emissions per available passenger cruise night (APCN) reduced by 18% from 2018, amounting to 108 kg.
The company is also working to reduce waste and food waste on board, which amounted to 66 grams per guest in 2025, down from 70 grams the previous year.
Another effort in this regard is the focus on cooperation with local vendors, with around 80% of food purchases and 62% of beverage purchases coming from Norwegian suppliers.
