OneSpaWorld (OSW) investor relations material

Executive summary

• Achieved 21st consecutive quarter of record total revenues and adjusted EBITDA, with Q2 2026 revenues at $261.2 million and net income at $23.2 million, driven by innovation, global platform expansion, and high staff retention.

• Adjusted EBITDA reached $34.4 million, up 13% year-over-year, with strong performance attributed to innovation and operational expansion.

• Continued expansion of health and wellness centers, including new launches and AI-driven strategies, contributed to growth.

• Positive momentum expected to deliver double-digit growth in total revenue and adjusted EBITDA for full-year 2026.

Financial highlights

• Q2 2026 total revenues increased 9% year-over-year to $261.2 million; net income rose 16% to $23.2 million ($0.23 per diluted share).

• Adjusted EBITDA grew 13% to $34.4 million; adjusted net income was $29.8 million ($0.29 per share).

• Service revenues grew 11% to $214.4 million; product revenues declined 1% to $46.8 million.

• For the first six months, total revenues rose 11% to $508.9 million, net income increased 27% to $44.5 million, and adjusted EBITDA was $66.5 million.

• Pre-booked revenue grew 14% and forward bookings are up 20% year-over-year.

Outlook and guidance

• Raised full-year 2026 guidance: total revenue $1.018–$1.038 billion, adjusted EBITDA $130–$140 million, both up 10% at midpoint from 2025 (excluding exited/reorganized operations).

• Q3 2026 guidance: total revenue $268–$273 million, adjusted EBITDA $35–$37 million.

• Guidance incorporates seasonality, regional mix, ongoing innovation, and is supported by strong cash, credit facilities, and operating cash flow.