Norwegian Group announces dividend following strong second quarter

The Norwegian Group reported record strong figures during the second quarter,with a profit before tax (EBT) of above NOK 1 billion. Operational performanceremained stellar, with Norwegian among the top European airlines onpunctuality.In addition, the company announced that it will pay a dividend for the firsttime in its history, of NOK 0.90 per share, to be paid in August.

During the second quarter, the Norwegian Group recorded an operating profit(EBIT) of NOK 1,250 million and an operating margin of 12.2 percent, thesecondhighest second-quarter result in the company's history. The liquidity positionincreased to NOK 13.8 billion, up NOK 3.4 billion from the previous quarter,positively impacted by strong operational cash flow and the completedfinancingof ten previously acquired aircraft.

"We are very pleased to report a record second quarter across several metricsfor both Norwegian and Widerøe. The operating profit and margin are the secondhighest we have ever had in this quarter, and the passenger numbers and loadfactor are the highest in a second quarter since 2019. In addition, we havereached a significant milestone as Norwegian, for the first time in our23-yearlong history, will pay out a dividend of NOK 0.90 per share," said GeirKarlsen,CEO of Norwegian.

Dividend payment

The dividend has been decided by Norwegian's Board of Directors in accordancewith the authorisation from the annual general meeting and will be paid inAugust. Norwegian will deposit the full outstanding amount of the remainingcorporate bond, enabling the company to pay dividends. The dividend willprimarily be funded from the company's dividend fund.

In the second quarter of 2025, the Norwegian group had 7.6 million passengers,of which 6.5 million were passengers of Norwegian and 1.1 million of Widerøe.Compared to the same period last year, the number of passengers increased by192,000 and 82,000 for Norwegian and Widerøe, respectively. The quarterly loadfactor for Norwegian was 85.2 percent, up 2.8 percentage points from lastyear,while Widerøe had a load factor of 73.9 percent, an increase of 3.7 percentagepoints from the same period last year.

Robust booking trend

"We continue to see good booking figures, and the trend for Norwegian forJuly,August, and the autumn season is encouraging, with close to ten percent moretickets sold compared to the same time last year. With the recent acquisitionsof 13 aircraft previously on lease to Norwegian, along with the agreement topurchase eleven CFM LEAP-1B spare engines, we are making important progress asour fleet strategy begins to bear fruit. In short, we are seeing a lot ofpositives going into the second half of 2025," said Geir Karlsen.

For detailed information, please see attached report and presentation.

For further information, please contact: Hans-Jørgen Wibstad, CFO at Norwegian Air Shuttle ASA, Tel: +47 916 89 661

Fornebu, 11 July 2025Norwegian Air Shuttle ASA

This information is considered to be inside information pursuant to the EUMarket Abuse Regulation and is subject to the disclosure requirements pursuantto Section 5-12 the Norwegian Securities Trading Act. This stock exchangeannouncement was published by Jesper M. Hatletveit, VP Investor Relations atNorwegian Air Shuttle ASA, on 11 July 2025 at 07:00 CET/CEST.

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