Viking Line (VIK1V) Q2 2026 earnings summary

Executive summary

• Sales for Q2 2026 rose slightly to EUR 129.3M, with operating income stable at EUR 6.8M despite geopolitical uncertainty and higher energy costs.

• Net income for Q2 2026 dropped to EUR 0.8M from EUR 4.8M year-over-year, mainly due to weaker results from associated companies.

• For H1 2026, sales declined 0.8% to EUR 214.0M, and operating income was negative at EUR -12.0M.

• The company maintained cost efficiency, reducing operating expenses and strengthening its market share in a declining passenger market.

Financial highlights

• Q2 2026 sales: EUR 129.3M (+0.7% YoY); operating income: EUR 6.8M (flat YoY); net income: EUR 0.8M (down from EUR 4.8M).

• H1 2026 sales: EUR 214.0M (-0.8% YoY); operating income: EUR -12.0M; net income: EUR -18.7M.

• Passenger-related revenue for H1: EUR 186.2M (-1.0% YoY); cargo revenue: EUR 26.6M (-0.5% YoY).

• Operating expenses for H1: EUR 163.4M (-1.5% YoY); emission allowance costs: EUR 3.4M.

• Share of results from associates and joint ventures: EUR -3.8M (H1), EUR -4.5M (Q2).

Outlook and guidance

• No full-year 2026 forecast provided due to uncertainty in cost levels, energy prices, and market developments.

• Board expects income before taxes for 2026 to be lower than 2025, citing higher energy prices and weaker associated company performance.