Cruise activity lifts WICO revenue 23.4 percent in the third quarter

The West Indian Company reported a 23.4 percent year-over-year increase in third-quarter revenue, with stronger cruise activity adding $1.8 million in passenger fees compared with the same period last year, according to figures presented to the company's board.

WICO reported more than $4 million in available cash against annual debt service of less than $3 million. Management said expense growth remained below the pace of revenue gains and identified liquidity, spending control and debt-service coverage as priorities heading toward fiscal 2027.

The company is also moving ahead with grant-supported cybersecurity work, new port-management software and automated payroll. Officials said the upgrades should shorten the path from cruise bookings to usable financial information while reducing paper-based processes.