Carnival — Dec 20, 2024 release

3.7% 2025 1Q 2Q 3Q 4Q Full Year ALBDs (in millions) (a) 23.6  24.3  24.6  23.9  96.3  Capacity growth compared to prior year 2.5  % 3.4  % (2.5) % (0.0  )% 0.8  % (a)    See “Notes to Statistical Information” 1Q 2025 Full Year 2025 Fuel consumption in metric tons (in millions) 0.7 2.9 Fuel cost per metric ton consumed (excluding European Union Allowance (“EUA”)) $ 616  $ 617  Fuel expense (including EUA expense) (in billions) $ 0.45  $ 1.89  Depreciation and amortization (in billions) $ 0.66  $ 2.77  Interest expense, net of capitalized interest and interest income (in billions) $ 0.38  $ 1.50  Adjusted EBITDA (in billions) Approx. $1.04 Approx. $6.6 Adjusted net income (in millions) Approx. $1 Approx. $2,305 Adjusted earnings per share - diluted (a) Approx. $0.00 Approx. $1.70 Weighted-average shares outstanding - basic 1,309 1,312 Adjusted weighted-average shares outstanding - diluted (a) 1,316 1,402 (a)    Diluted adjusted earnings per share includes the add-back of dilutive interest expense related to the company’s convertible notes of $71 million for full year 2025. The add-back expense is antidilutive to the first quarter of 2025 calculation and accordingly has been excluded. Currencies (USD to 1) 1Q 2025 Full Year 2025 AUD $ 0.64  $ 0.64  CAD $ 0.70  $ 0.70  EUR $ 1.05  $ 1.05  GBP $ 1.26  $ 1.26  Sensitivities (impact to adjusted net income (loss) in millions) 1Q 2025 Full Year 2025 1% change in net yields $ 39  $ 190  1% change in adjusted cruise costs excluding fuel per ALBD $ 26  $ 109  10% change in fuel cost per metric ton (excluding EUA) $ 45  $ 178  100 basis point change in variable rate debt (including derivatives) —  $ 48  1% change in currency exchange rates $ 4  $ 25  Capital Expenditures For full year 2025, newbuild capital expenditures are $1.1 billion and non-newbuild capital expenditures ar