Lindblad Expeditions has reported financial results for the fourth quarter and full year ended 31 December 2025. Full year tour revenues reached €654m and increased €107m or 20pc compared to a year ago.
The company delivered record guest satisfaction record yield of €1,132 and record Adjusted EBITDA of €107m. Net loss available to stockholders for the full year stood at €29.3m or €0.53 per diluted share. Adjusted EBITDA for full year increased €29.7m compared to 2024.
Natalya Leahy shared “In 2025, we delivered the strongest performance in our company’s history: record guest satisfaction, record yield of $1,335, and record Adjusted EBITDA $126.2m: while strengthening our balance sheet position. These milestones reflect the power of our mission, the strength of our brand, and the incredible dedication of our team. We’re even better positioned to add to our fleet and portfolio of land experience brands.”
