Waterways Leisure management discussed strong Q2 revenue growth driven by early delivery of Cordelia Sky, exceptional item from charter revenue, and strong load factors; stock up 5% post results

Mon 12 Oct 2026

Capacity increase with Cordelia Sky

126 percent

Cabins per day across ships

1,800 cabins

People carried per day at 100% load

3,600 people

People carried at higher load factor

4,400 people

Load factor last quarter

106 percent

Heard on business television between 11:16:17 - 11:19:17 IST.

• Q2 revenue grew on higher utilization and ticket pricing; Cordelia Sky delivered a month early boosted revenue
• Capacity up 126% with Cordelia Sky; management excited about Q3 and Q4
• Exceptional item explained as 20-21 days of charter revenue from NCEL/NCL for the prepone, with costs borne by them, not a true one-off from a business perspective
• Load factor at 106% last quarter vs 92% YTD last year; Q3 and Q4 historically strongest
• Cordelia Sun arriving in 11 months with 600 more rooms; company looking to grow fleet and revenues further
• CEO said "the party has just begun" regarding growth trajectory

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