• 2 min de lectura
• 2 min de lectura
The Ritz-Carlton Yacht Collection closed on a refinancing representing $338m in capital support, including a $167m equity injection from shareholders and approximately $171m in deferred amortization from lenders.
This was signaled in an earlier Financial Times report.
The business has scaled significantly since Evrima launched in late 2022, with three ships delivered in under four years. With Ilma and Luminara entering service in quick succession — one year apart — near-term occupancy was impacted, however first quarter revenue, pricing and bookings all grew strongly.
Revenues were $97m, up 106% year-over-year, following 67% growth in 2025.
The company posted a new quarterly bookings record of $134m, up 56% from a year ago.
Thanks to the refinancing and stronger revenues, RCYC has the financial runway to execute its current business plan.
President/CEO Ernesto Fara said the support from shareholders and lenders provides an amortization structure that better aligns the company's debt profile during the continued ramp-up of revenues, "demonstrating confidence in this market and in this company."
Adjusted EBITDA improved about 40% year-over-year to negative $18.8m, meaning RCYC lost less money from its core operations after non-cash and one-time expenses were removed from earnings.
Cruise ticket revenues were up 107% to $92.5m. The average daily rate per passenger rose 27% to $1,696, as a result of new premium itineraries in Asia.
Passenger cruise days were up 63%, to 54,538, with Luminara joining the fleet.
Vessel contribution margin (the profit a ship generates from operations before variable costs) was up 215% to $41m, and margin improved from 28% to 42%.
RCYC also carried 20% repeat customers, a 62% increase year-over-year.
Fuente: sea-trade cruise
