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Carnival — Mar 21, 2025 release

Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000815097-25-000019
Open on SEC.gov ↗
Showing in the filing
Fuel consumption in metric tons (in millions)
“0.7”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 35
Net yields (in constant currency) for FY2025
“approximately 4.7 percent higher than 2024”
Adjusted cruise costs excluding fuel per ALB… for FY2025
“up approximately 3.8 percent compared to 2024, in line with December guidance”
Adjusted net income for FY2025
“up over 30 percent compared to 2024 and better than December guidance by $185 million”
Adjusted EBITDA for FY2025
“approximately $6.7 billion, up nearly 10 percent compared to 2024 and better than December guidance”
Adjusted ROIC for FY2025
“approximately 12 percent”
Net yields (in constant currency) for Q2 FY2025
“up approximately 4.4 percent compared to strong 2024 levels”
Adjusted cruise costs excluding fuel per ALB… for Q2 FY2025
“up approximately 5.5 percent compared to the second quarter of 2024”
Adjusted EBITDA for Q2 FY2025
“approximately $1.3 billion, up 10 percent compared to the second quarter of 2024”
Net yields (Current Dollars) for FY2025
“Approx. 4.3%”
Net yields (Constant Currency) for FY2025
“Approx. 4.4%”
Adjusted cruise costs excluding fuel per ALB… for FY2025
“Approx. 5.6%”
Adjusted cruise costs excluding fuel per ALB… for FY2025
“Approx. 5.5%”
ALBDs (in millions) for FY2025
“24.2”
Capacity growth compared to prior year for FY2025
“3.2%”
Fuel cost per metric ton consumed (excluding… for FY2025
“$617”
Fuel expense (including EUA expense) (in bil… for FY2025
“$0.48”
Depreciation and amortization (in billions) for FY2025
“$ 0.69”
Interest expense, net of capitalized interes… for FY2025
“$ 0.33”
Adjusted EBITDA (in billions) for FY2025
“Approx. $1.32”
Adjusted net income (loss) (in millions) for FY2025
“Approx. $2,490”
Adjusted earnings per share - diluted for FY2025
“Approx. $0.22”
Weighted-average shares outstanding - basic for FY2025
“1,312”
Adjusted weighted-average shares outstanding… for FY2025
“1,401”
AUD (USD to 1) for FY2025
“$0.63”
CAD (USD to 1) for FY2025
“$0.70”
EUR (USD to 1) for FY2025
“$1.08”
GBP (USD to 1) for FY2025
“$1.29”
1% change in net yields (impact to adjusted … for FY2025
“$149”
1% change in adjusted cruise costs excluding… for FY2025
“$26”
10% change in fuel cost per metric ton (excl… for FY2025
“$131”
100 basis point change in variable rate debt… for FY2025
“$35”
1% change in currency exchange rates (impact… for FY2025
“$20”
Newbuild capital expenditures for FY2025
“$1.0 billion”
Non-newbuild capital expenditures for FY2025
“$1.9 billion”
Fuel consumption in metric tons (in millions) for FY2025
“0.7”
Exhibit 99.1 · the passage around this item
… earlier in the release
Three Months Ended February 28/29, STATISTICAL INFORMATION 2025 2024 Passenger cruise days (“PCDs”) (in millions) (a) 24.3  23.5  ALBDs (in millions) (b) 23.6  23.0  Occupancy percentage (c) 103  % 102  % Passengers carried (in millions) 3.2  3.0  Fuel consumption in metric tons (in millions) 0.7  0.7  Fuel consumption in metric tons per thousand ALBDs 30.3  31.8  Fuel cost per metric ton consumed (excluding EUA) $ 643  $ 686  Currencies (USD to 1) AUD $ 0.63  $ 0.66  CAD $ 0.70  $ 0.74  EUR $ 1.04  $ 1.09  GBP $ 1.25  $ 1.27  Notes to Statistical Information (a) PCD represents the number of cruise passengers on a voyage multiplied by the number of revenue-producing ship operating days for that voyage. (b) ALBD is a standard measure of passenger capacity for the period that we use to approximate rate and capacity variances, based on consistently applied formulas that we use to perform analyses to determine the main non-capacity driven factors that cause our cruise revenues and expenses to vary. ALBDs assume that each cabin we offer for sale accommodates two passengers and is computed by multiplying passenger capacity by revenue-producing ship operating days in the period. (c) Occupancy, in accordance with cruise industry practice, is calculated using a numerator of PCDs and a denominator of ALBDs, which assumes two passengers per cabin even though some cabins can accommodate three or more passengers. Percentages in excess of 100% indicate that on average more than two passenger
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.