Lindblad Expeditions is close to finalizing plans to add ships to its fleet, CEO Natalya Leahy said on the company’s third quarter earnings call Tuesday, but she asked investors to wait a little longer for details.

“As we talked about on the last couple of calls, we also work on adding ships to our fleet,” Leahy said. “We’re not ready to share yet, but we’re very close to finalizing our plans in that regard. And I just ask us all to be a little patient with that.”

She was answering an analyst who asked whether new capacity would come from building, buying or chartering vessels.

Until then, Leahy said charters would keep driving growth.

“We have seen mid-single-digit capacity growth this year, mainly from our optimization of deployment, but also from significant expansion of our charters,” she said. “And we will continue to see mid-single-digit capacity growth on our charter-expanded business going forward.”

She pointed to the company’s larger Amazon program and its growing Alaska business, where the Greg Mortimer will take the place of two smaller ships for summer 2027.

CFO Rick Goldberg said the balance sheet leaves Lindblad well placed to pursue “fleet expansion through new builds, acquisitions and charters,” as well as more land acquisitions.

Leahy described a expedition market that was still well positioned to grow.

“While expedition capacity has more than doubled over the past decade, it still represents less than 1 percent of total cruise capacity,” she said. “Our approximately 60,000 annual guests across eight brands represent less than 0.1 percent of global travelers with financial means to experience our journeys. This gives us an enormous runway for growth.”