Havila Kystruten AS

Havila Kystruten AS: Trading Update November 2025

Operational Highlights November

* Occupancy reached 68%.

* Average Cabin Revenue (ACR) increased by more than 15% compared to November

* Total ticket revenue was in line with November last year.

Booking Position 2025

* As of today, 72% of 2025 capacity is booked, representing about 96% of the

full-year targeted occupancy.

* ACR is currently 20% above same time last year for the full year.

Booking Position 2026

* 47% of 2026 capacity is booked, about 8% ahead of same time last year. We

target 10-15% ACR growth across cabin categories for 2026, supporting

continued revenue growth and EBITDA margin expansion.

*The KPIs provided are sourced from the Company's (unaudited) booking system.

Consequently, there may be variations or minor discrepancies in absolute figures

and periodization compared to the reported financial statements. Revenue in

currency (for ACR) is based on the booking system currency rate.

Contacts:

Chief Executive Officer: Bent Martini, +47 905 99 650

Chief Financial Officer: Aleksander Røynesdal, +47 413 18 114

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