OneSpaWorld Holdings Limited reported a total revenue of $240.7 million for the three months ended June 30, 2025, marking a 7% increase from $224.9 million in the same period last year. The growth was driven by a 7% rise in service revenues, which reached $193.4 million, and an 8% increase in product revenues, totaling $47.4 million. For the six months ending June 30, 2025, total revenues were $460.4 million, up from $436.1 million in the prior year, with service revenues increasing by 5% and product revenues by 7%. The company reported a net income of $19.9 million for the second quarter, a 27% increase compared to $15.8 million in the same quarter of 2024.
In terms of operational metrics, OneSpaWorld's average ship count rose to 191 in the second quarter of 2025, up from 188 in the same quarter of 2024. The period-end ship count also increased to 200 from 197. The average weekly revenue per ship improved to $92,936, reflecting a 4% increase in average guest spending. However, the average resort count decreased to 50 from 52, which may have impacted overall revenue from destination resorts. The company noted a decrease in revenues from its destination resorts, attributed to the closure of certain hotels.
The company’s financial position showed a decrease in total assets, which fell to $731.8 million as of June 30, 2025, down from $746.4 million at the end of 2024. Cash and cash equivalents also decreased significantly to $35.0 million from $57.4 million. Total liabilities decreased to $183.5 million from $191.9 million, with long-term debt slightly reduced to $91.2 million from $93.6 million. The company’s shareholders' equity stood at $548.3 million, down from $554.5 million at the end of the previous fiscal year.
OneSpaWorld has been actively managing its capital structure, repurchasing $37.9 million worth of common shares during the first half of 2025 as part of its share repurchase program. The company also declared dividends totaling $8.3 million during the same period. Looking ahead, OneSpaWorld anticipates continued growth driven by an increase in guest spending and the expansion of its fleet, although it remains cautious about potential impacts from economic conditions and seasonal fluctuations in demand for cruise services. The company is committed to maintaining sufficient liquidity to meet its operational and capital requirements in the coming year.
About ONESPAWORLD HOLDINGS Ltd
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