WICO Revenue Jumps 23.4% on Strong Cruise Activity as Cash Position Remains Stable

ST. THOMAS — The West Indian Company reported a 23.4 percent year-over-year increase in third-quarter revenue, driven in part by strong cruise activity that generated $1.8 million more in passenger fees than during the same period last year, while company officials said expense growth remained below the pace of revenue gains. WICO Chief Financial Officer Charlene Turnbull told the company’s board of directors that the stronger revenue performance has improved WICO’s operating position compared with the previous year. The company also reported more than $4 million in available cash to service debt, against an annual debt-service requirement of less than $3 million. “Our loan and management priorities is to preserve revenue momentum through the remainder of fiscal year 2026,” Ms. Turnbull told board members. She said WICO would also continue to “control discretionary spending while supporting operational needs, protect unrestricted liquidity, and maintain [debt-service coverage ratio...