Onespaworld Holdings Reports 11% Revenue Increase

By Chris Stiles • Wednesday, February 18 11:40 • Permanent Link

Onespaworld Holdings Limited (NASDAQ: OSW) has reported its financial results for the fourth quarter and fiscal year 2025, ended December 31, 2025. The company's total revenues for the fourth quarter of 2025 were $242.1 million, marking an 11% increase from $217.2 million in the fourth quarter of 2024. Adjusted EBITDA for the same period increased by 17% to $31.2 million compared to $26.7 million in the fourth quarter of 2024.

For the fiscal year 2025, Onespaworld reported total revenues of $961.0 million, reflecting a 7% increase from $895.0 million in fiscal year 2024. The company's adjusted EBITDA for fiscal year 2025 was $123.3 million, marking a 10% increase from $112.1 million in fiscal year 2024.

The company's cruise ship count at the end of the fourth quarter of 2025 was 206, with an average ship count of 199 for the quarter, compared with 199 ships and an average ship count of 188 ships, respectively, for the fourth quarter of 2024. On the other hand, the destination resort count at the end of the fourth quarter of 2025 was 48, with an average destination resort count of 48 for the quarter, compared with 50 destination resort health and wellness centers and an average destination resort count of 51 for the fourth quarter of 2024.

Onespaworld's cash at December 31, 2025, totaled $17.5 million, and its liquidity, including the company’s fully undrawn $50 million credit facility, totaled $67.5 million at that date.

Looking ahead, the company has introduced its first-quarter 2026 guidance of $241 to $246 million in total revenue and $30 to $32 million in adjusted EBITDA. For the full fiscal year ending December 31, 2026, Onespaworld expects total revenues in the range of $1.01 to $1.03 billion and adjusted EBITDA in the range of $128 to $138 million.

The company's board of directors also declared a quarterly dividend of $0.05 per common share, payable on March 25, 2026, to shareholders of record as of the close of business on March 11, 2026.

During the fourth quarter of fiscal 2025, Onespaworld repurchased 968,347 shares of its outstanding common shares, returning $19.9 million to shareholders. For fiscal 2025, the company repurchased 3,878,873 shares of its outstanding common shares, returning $75.4 million to shareholders during the year.

For more details, the company will hold a conference call to discuss the financial results on Wednesday, February 18, 2026, at 10:00 a.m. Eastern Time.

These results demonstrate Onespaworld's growth and financial performance, as well as its strategic initiatives to drive continued success in the health and wellness services and products industry. The market has reacted to these announcements by moving the company's shares -2.28% to a price of $19.72. For the full picture, make sure to review ONESPAWORLD HOLDINGS Ltd's 8-K report.

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