OneSpaWorld Holdings Ltd. $(OSW)$ has announced its financial results for the second quarter of fiscal 2025, reporting total revenues of $240.7 million, marking a 7% increase from the $224.9 million recorded in the same quarter of 2024. The rise in revenues was attributed to a 4% increase in average guest spend, a 1% increase in revenue days, and fleet expansion, although offset by a decrease in the land-based spa business. The company achieved a net income of $19.9 million, or $0.19 per diluted share, compared to $15.8 million, or $0.15 per diluted share, in the second quarter of 2024. Adjusted net income rose to $25.8 million, or $0.25 per diluted share, from $21.7 million, or $0.20 per diluted share, in the previous year. Adjusted EBITDA improved to $30.5 million from $27.1 million in the same period last year. For the first half of fiscal 2025, total revenues reached $460.4 million, reflecting a 6% increase from $436.1 million for the same period in 2024. The company has reaffirmed its fiscal 2025 annual total revenues guidance and increased its annual adjusted EBITDA guidance. Additionally, OneSpaWorld has introduced a third-quarter 2025 guidance, expecting total revenues between $255 million and $260 million, with adjusted EBITDA ranging from $33 million to $35 million. The company has also declared a quarterly dividend of $0.04 per share.
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