The Norwegian Group reported record operating profit (EBIT) of NOK 3.732m for 2025, the highest in its history. The fourth quarter showed a positive EBIT of NOK 21m, an improvement from the prior year. The Board proposed a dividend of NOK 0.80 per share, pending approval.
Following these record results, the Board of Directors proposed an increased dividend of NOK 0.80 per share for the 2025 financial year, up from NOK 0.60 the previous year.
These results follow the 2024 acquisition of Widerøe and reflect operational efficiencies across the combined group. Passenger numbers exceeded 27.3m in 2025, supported by fleet investments and sustainability measures.
The group carried 27.3m passengers in 2025, up from 26.4m in 2024.
Norwegian achieved a load factor of 86.0% for the year, supported by its “Program X” efficiency initiatives which delivered roughly NOK 400m in recurring profitability improvements. Strategic outlook for 2026 includes:
- Fleet Renewal: In October 2025, the group took delivery of its first aircraft from a direct order of 80 Boeing 737 MAX 8 jets, with deliveries continuing through 2031.
- Capacity Expansion: Norwegian expects to operate a fleet of 95 aircraft for the summer 2026 season, with a forecasted production growth (ASK) of approximately 3%for the year.
- Efficiency Targets: “Programme X” is expected to deliver annual recurring underlying profit improvements exceeding NOK 1.25bn by the end of 2026.
