Viking Holdings Ltd
Viking Holdings Ltd is the holding company for the Viking group of cruise and travel businesses. According to its filings with the U.S. Securities and Exchange Commission, Viking Holdings Ltd is a Bermuda exempted company incorporated on 21 July 2010, with its registered office at Clarendon House, 2 Church Street, Hamilton HM 11 and principal executive offices at 94 Pitts Bay Road, Pembroke HM 08, Bermuda. The group operates river, ocean and expedition cruises together with related travel services, marketed mainly to English-speaking travellers aged 55 and over (Viking promotes its ships as carrying no children and having no casinos on board). The profile on-file incorporation date of 24 June 1983 and the status of Inactive are inconsistent with these filings: Viking Holdings Ltd was formed in 2010 and is an active, NYSE-listed large accelerated filer that filed a Form 20-F for the year ended 31 December 2025 on 3 March 2026. The 1983 date does not correspond to Viking Holdings Ltd and could not be tied to it from primary sources.
Viking Holdings Ltd completed its initial public offering on the New York Stock Exchange under the ticker VIK; ordinary shares began trading on 1 May 2024 after the offering priced on 30 April 2024 at USD 24.00 per ordinary share. The upsized offering, including selling-shareholder shares, was worth about USD 1.77 billion and closed on 3 May 2024. The company has two share classes: ordinary shares with one vote each and special shares with ten votes each, convertible one-for-one into ordinary shares. As of 31 December 2025 there were 317,907,301 ordinary and 127,771,124 special shares outstanding. The FY2025 Form 20-F reported a fleet of about 103 vessels (approximately 89 river vessels, 12 ocean ships and two expedition ships), with two ocean ships and ten river ships scheduled for delivery in 2026 and options for two further ocean ships in 2034 and two expedition ships in 2030 to 2031.
For the year ended 31 December 2025, Viking Holdings Ltd reported consolidated total revenue of USD 6,501.4 million (up 21.9 percent), net income of USD 1,148.1 million, adjusted EBITDA of USD 1,872.1 million (up 38.8 percent) and adjusted net income of USD 1,165.1 million. It carried 791,582 passengers at 95.4 percent occupancy. The 2024 IPO prospectus of Viking Holdings Ltd cited more than 10,000 employees and about 9,500 shipboard crew at peak season (2023 figures). Material developments include the May 2024 IPO; a 30.5 million-share secondary offering on 29 May 2025 in which TPG sold its entire remaining stake and CPP Investments reduced its holding; the delivery of nine river ships and a 100-ship milestone in October 2025; and a management change on 14 May 2026, when founder Torstein Hagen became Executive Chairman and Leah Talactac became Chief Executive Officer.
- Company fundamentals
- Corporate linkage & group structures
- Digitized company financials
- Firmographics — websites, social profiles, revenue and employee estimates
Shareholders
5
Viking Holdings Ltd has two share classes: ordinary shares with one vote each, and special shares with ten votes each that are convertible one-for-one into ordinary shares and convert automatically on transfer.
The principal shareholder is Viking Capital Limited, a Cayman Islands company. Its Schedule 13D reported that, after warrant exercises in November 2024, it held 107,036,250 ordinary and 127,704,616 special shares (about 53.3 percent of shares assuming conversion). The FY2025 Form 20-F states it held 108.3 million ordinary and 127.7 million special shares as of 31 December 2025, representing approximately 87 percent of total voting power.
TPG (TPG VII Valhalla Holdings, L.P.) sold its entire remaining 21,438,949 ordinary shares in the 29 May 2025 secondary offering and no longer holds shares. CPP Investment Board PMI-3 Inc. (Canada Pension Plan Investment Board) reported 20,144,744 ordinary shares, or 6.4 percent, at 31 December 2025, cut to 11,244,744 shares, or 3.5 percent, by 30 June 2026. Capital Research Global Investors reported 24,325,211 shares, or 7.7 percent, at 31 December 2025, and FMR LLC reported 16,993,566 shares, or 5.3 percent, at 30 June 2026.
Ultimate beneficial ownership
Viking Capital Limited is wholly owned by Pallice Global, Inc., which is owned by the Torstein Hagen Interest in Possession Settlement, a Cayman Islands trust of which Torstein Hagen is settlor and sole lifetime beneficiary; his daughter Karine Hagen is the protector. The Schedule 13D reported Torstein Hagen as beneficially owning about 53.6 percent of shares (roughly 236.2 million, assuming special-share conversion); the FY2025 Form 20-F attributes approximately 87 percent of the voting power to the principal shareholder he controls. Ownership disclosure is extensive because Viking Holdings Ltd is an SEC-reporting NYSE-listed company.
Sources
- SEC EDGAR – Viking Holdings Ltd, Form 20-F for the year ended 31 December 2025, filed 3 March 2026. https://www.sec.gov/Archives/edgar/data/1745201/000174520126000007/vik-20251231.htm (retrieved 7 September 2026)
- SEC EDGAR – Schedule 13D (Viking Capital Limited; Pallice Global, Inc.; Torstein Hagen Interest in Possession Settlement; Torstein Hagen; Karine Hagen), filed 2 December 2024. https://www.sec.gov/Archives/edgar/data/1745201/000119312524268950/d906818dsc13d.htm (retrieved 7 September 2026)
- SEC EDGAR – Schedule 13G/A, Canada Pension Plan Investment Board, filed 12 February 2026 (as of 31 December 2025) and 14 August 2026 (as of 30 June 2026). https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001745201&type=SC+13 (retrieved 7 September 2026)
- SEC EDGAR – Schedule 13G/A, Capital Research Global Investors, filed 17 February 2026 (as of 31 December 2025). https://www.sec.gov/Archives/edgar/data/1745201/000119312526055115/ (retrieved 7 September 2026)
- SEC EDGAR – Schedule 13G, FMR LLC, filed 6 August 2026 (as of 30 June 2026). https://www.sec.gov/Archives/edgar/data/1745201/000031506626002179/ (retrieved 7 September 2026)
- SEC EDGAR – Viking Holdings Ltd, Form 424B7 secondary offering prospectus, filed 27 May 2025. https://www.sec.gov/Archives/edgar/data/1745201/000119312525127949/d884654d424b7.htm (retrieved 7 September 2026)
Registry feed — rows exactly as filed with Bermuda Monetary Authority / Registrar of Companies, including entries the profile above does not cover.
| Shareholder | Type | Holding | Source Document |
|---|---|---|---|
| Capital Research Global Investors | 16.6% | Bermuda Monetary Authority / Registrar of Companies | |
| FMR, LLC | 6.9% | Bermuda Monetary Authority / Registrar of Companies | |
| Federated Hermes, Inc. | 4.7% | Bermuda Monetary Authority / Registrar of Companies | |
| Massachusetts Financial Services Co. | 4.6% | Bermuda Monetary Authority / Registrar of Companies | |
| Fidelity Hastings Street Trust-Fidelity Fund | 0.8% | Bermuda Monetary Authority / Registrar of Companies |
Officers
9
At its 2025 annual general meeting Viking Holdings Ltd elected eight directors. As of mid-2026 they were Torstein Hagen (Executive Chairman, on the board since 1997), Richard Fear (director since 2015, also a director of principal shareholder Viking Capital Limited), Morten Garman (2011), Paul Hackwell (2016, a partner at TPG), Karine Hagen (Executive Vice President, Product; returned to the board in 2025), Tore Myrholt (2020, a former McKinsey and Company senior partner), Pat Naccarato (2018, a managing director at CPP Investments) and Jack Weingart (2021, Chief Financial Officer of TPG Inc.). The audit committee is chaired by Jack Weingart, with members Richard Fear and Pat Naccarato; Torstein Hagen chairs the compensation and nominating committee. Per its Form 20-F, Viking Holdings Ltd is a foreign private issuer and a controlled company under NYSE rules, and relies on exemptions from certain corporate-governance standards, including the majority-independent-board requirement.
Executive officers after the 14 May 2026 transition: Leah Talactac is Chief Executive Officer (previously President and Chief Financial Officer); Torstein Hagen is Executive Chairman (previously Chairman and Chief Executive Officer); Linh Banh is Chief Financial Officer (previously Executive Vice President of Finance). Torstein Hagen and Karine Hagen are stated to be Norwegian citizens in the Schedule 13D. Registry-card entries such as Vice President of Investor Relations and Executive Vice President of Marketing are senior managers, not statutory directors.
Recent changes: Leah Talactac was appointed President on 29 January 2025; on 14 May 2026 she became Chief Executive Officer and Linh Banh became Chief Financial Officer, with Torstein Hagen moving to Executive Chairman. Board and management disclosure is comprehensive through the SEC filings and investor-relations site of Viking Holdings Ltd.
Sources
- SEC EDGAR – Viking Holdings Ltd, Form 20-F for the year ended 31 December 2025, filed 3 March 2026. https://www.sec.gov/Archives/edgar/data/1745201/000174520126000007/vik-20251231.htm (retrieved 7 September 2026)
- Viking Holdings Ltd investor relations – Board of Directors and Board Committees pages. https://ir.viking.com/corporate-governance/board-of-directors and https://ir.viking.com/corporate-governance/board-committees (retrieved 7 September 2026)
- Viking press release – Viking Appoints Leah Talactac as President, 29 January 2025. https://www.vikingcruises.com/press/press-releases/2025-1-29-viking-appoints-leah-talactac-as-president.html (retrieved 7 September 2026)
- Viking press release – Viking Announces CEO Transition and Reports First Quarter 2026 Financial Results, 14 May 2026. https://ir.viking.com/news-events/press-releases/detail/231/viking-announces-ceo-transition-and-reports-first-quarter-2026-financial-results (retrieved 7 September 2026)
- SEC EDGAR – Schedule 13D, filed 2 December 2024 (director nationalities). https://www.sec.gov/Archives/edgar/data/1745201/000119312524268950/d906818dsc13d.htm (retrieved 7 September 2026)
Registry feed — rows exactly as filed with Bermuda Monetary Authority / Registrar of Companies, including entries the profile above does not cover.
Group Structure
Viking Holdings Ltd is the NYSE-listed parent of the Viking group. The list of subsidiaries filed as Exhibit 8.1 to its FY2024 Form 20-F identifies the principal operating companies as Viking River Cruises Ltd, Viking Ocean Cruises Ltd and Viking Expedition Ltd, each incorporated in Bermuda and shown as wholly owned. The exhibit also lists numerous Bermuda ship-owning entities (for example Viking Ocean Cruises Ship I to XXIV Ltd), financing and services entities (Viking Financial Services Ltd in Bermuda and Viking Technical GmbH in Germany), and regional marketing or booking companies including Viking River Cruises, Inc. and Viking Mississippi LLC in the United States, Viking River Cruises Australia Pty. Ltd. in Australia (the entity behind the profile on-file website), Viking Cruises (Shanghai) Ltd in China and Viking Cruises Asia Limited in Hong Kong. Disclosed joint ventures include Shenzhen China Merchants Viking Cruises Tourism Ltd (China, 50 percent) and Sherry Nile Cruises Company for Floating Hotels JSC (Egypt, 55 percent). Ownership percentages are given only where stated here; the other entities are listed without percentages.
Main jurisdictions, per company descriptions: Bermuda for the parent and most subsidiaries, the United States (Woodland Hills, California operations), Switzerland (Basel operational base), Norway, the United Kingdom and Australia.
Information date: Exhibit 8.1 to the Form 20-F for the year ended 31 December 2024, filed 11 March 2025; country coverage as listed in that exhibit.
Recent structural changes: a pre-IPO reorganisation ahead of the 1 May 2024 NYSE listing; no material post-IPO group restructuring is disclosed through the FY2025 Form 20-F.
Sources
- SEC EDGAR – Viking Holdings Ltd, Form 20-F for the year ended 31 December 2024, Exhibit 8.1 List of Subsidiaries, filed 11 March 2025. https://www.sec.gov/Archives/edgar/data/1745201/000095017025036852/vik-ex8_1.htm (retrieved 7 September 2026)
- SEC EDGAR – Viking Holdings Ltd, Form 20-F for the year ended 31 December 2025, filed 3 March 2026. https://www.sec.gov/Archives/edgar/data/1745201/000174520126000007/vik-20251231.htm (retrieved 7 September 2026)
- SEC EDGAR – Viking Holdings Ltd, Form 424B4 IPO prospectus, filed 2 May 2024. https://www.sec.gov/Archives/edgar/data/1745201/000119312524129359/d496227d424b4.htm (retrieved 7 September 2026)
Get complete shareholder and officer records, ultimate beneficial owner resolution, and ongoing ownership monitoring.
Frequently Asked Questions
What is the exact legal name of the company?
Viking Holdings Ltd, a Bermuda exempted company listed on the New York Stock Exchange under the ticker VIK.
Where and when was Viking Holdings Ltd incorporated?
In Bermuda on 21 July 2010, according to its SEC filings. The registered office is Clarendon House, 2 Church Street, Hamilton HM 11, and the principal executive offices are at 94 Pitts Bay Road, Pembroke HM 08.
The profile shows an incorporation date of 24 June 1983 and the status Inactive. Is that accurate?
No. Both look like stale or mismatched registry data. Viking Holdings Ltd was formed in 2010 and is an active NYSE-listed filer. The 1983 date could not be tied to this entity from primary sources and may belong to a different Bermuda company.
What is the current status of the company?
Active. Viking Holdings Ltd is a large accelerated filer that filed a Form 20-F for the year ended 31 December 2025 on 3 March 2026 and continues to trade on the NYSE.
Is the company listed, and when did it go public?
Yes. Its ordinary shares began trading on the New York Stock Exchange under the ticker VIK on 1 May 2024. The IPO priced on 30 April 2024 at USD 24.00 per ordinary share and closed on 3 May 2024.
What does Viking Holdings Ltd do?
It is the holding company for the Viking group, which runs river, ocean and expedition cruises and related travel services, aimed mainly at English-speaking travellers aged 55 and over.
How large is the fleet?
The FY2025 Form 20-F reported about 103 vessels: roughly 89 river vessels, 12 ocean ships and two expedition ships. Two ocean ships and ten river ships are due for delivery in 2026.
What were the FY2025 financial results?
For the year ended 31 December 2025, on a consolidated basis: total revenue USD 6,501.4 million (up 21.9 percent), net income USD 1,148.1 million, adjusted EBITDA USD 1,872.1 million (up 38.8 percent) and adjusted net income USD 1,165.1 million.
How many passengers did Viking carry in 2025?
791,582 passengers at an occupancy rate of 95.4 percent for the year ended 31 December 2025.
How many employees does Viking have?
The 2024 IPO prospectus cited more than 10,000 employees and about 9,500 shipboard crew at peak season (2023 figures). The workforce has grown with the fleet since then.
Who controls Viking Holdings Ltd?
Founder Torstein Hagen, through Viking Capital Limited, a Cayman Islands company held via a family trust. It held about 87 percent of total voting power as of 31 December 2025 through high-vote special shares. The Schedule 13D put the economic ownership of Torstein Hagen at about 53.6 percent.
What happened to pre-IPO investors TPG and CPP Investments?
TPG sold its entire remaining stake of 21,438,949 shares in the 29 May 2025 secondary offering. CPP Investments held 6.4 percent at 31 December 2025 and had reduced this to 3.5 percent by 30 June 2026.
What are the most recent developments?
On 14 May 2026 Viking announced a management transition: Leah Talactac became Chief Executive Officer, Linh Banh became Chief Financial Officer, and founder Torstein Hagen became Executive Chairman. Viking also marked a 100-ship milestone in October 2025.
Is Viking Holdings Ltd still an active company?
Viking Holdings Ltd's status on Bermuda Monetary Authority / Registrar of Companies is listed as inactive, not currently active.
When was Viking Holdings Ltd incorporated?
Viking Holdings Ltd was incorporated on 24 June 1983, according to Bermuda Monetary Authority / Registrar of Companies.
What is Viking Holdings Ltd's registered address?
The registered address on file for Viking Holdings Ltd is Pembroke, Bermuda.
Can Zavia monitor changes to Viking Holdings Ltd's ownership over time?
This profile reflects a point-in-time snapshot from Bermuda Monetary Authority / Registrar of Companies. Zavia's monitoring API can track changes to Viking Holdings Ltd's registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access Viking Holdings Ltd's data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Bermuda, so records like Viking Holdings Ltd's registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from Bermuda Monetary Authority / Registrar of Companies and was last synced on 11 August 2026.