HighGravityDataCarnival — Jun 24, 2025 release
Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000815097-25-000047
Showing in the filing
Adjusted cruise costs excluding fuel per ALBD (in constant currency)
“up approximately 3.6 percent compared to 2024”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 36
Net yield growth for H2 FY2025
“strong 4 percent net yield growth”
Net yields (in constant currency) for FY2025
“approximately 5.0 percent higher than strong 2024 levels”
Adjusted cruise costs excluding fuel per ALB… for FY2025
“up approximately 3.6 percent compared to 2024”
Adjusted net income for FY2025
“up over 40 percent compared to 2024 and better than March guidance by $200 million”
Adjusted EBITDA for FY2025
“approximately $6.9 billion, up over 10 percent compared to 2024”
Net yields (in constant currency) for Q3 FY2025
“up approximately 3.5 percent compared to strong 2024 levels”
Adjusted cruise costs excluding fuel per ALB… for Q3 FY2025
“up approximately 7.0 percent compared to the third quarter of 2024”
AIDA Cruises newbuild orders for FY2030
“two newbuilds”
Newbuild pipeline for FY2033
“eight ships”
Net yields (Current Dollars) for FY2025
“Approx. 5.2%”
Net yields (Constant Currency) for FY2025
“Approx. 3.5%”
Adjusted cruise costs excluding fuel per ALB… for FY2025
“Approx. 8.9%”
Adjusted cruise costs excluding fuel per ALB… for FY2025
“Approx. 7.0%”
ALBDs (in millions) for FY2025
“24.6”
Capacity growth compared to prior year for FY2025
“(2.4)%”
Fuel consumption in metric tons (in millions) for FY2025
“0.7”
Fuel cost per metric ton consumed (excluding… for FY2025
“$619”
Fuel expense (including EUA expense) (in bil… for FY2025
“$0.48”
Depreciation and amortization (in billions) for FY2025
“$ 0.72”
Interest expense, net of capitalized interes… for FY2025
“$ 0.33”
Adjusted EBITDA (in billions) for FY2025
“Approx. $2.87”
Adjusted net income (loss) (in millions) for FY2025
“Approx. $1,800”
Adjusted earnings per share - diluted for FY2025
“Approx. $1.30”
Weighted-average shares outstanding - basic for FY2025
“1,313”
Adjusted weighted-average shares outstanding… for FY2025
“1,402”
AUD (USD to 1) for FY2025
“$0.65”
CAD (USD to 1) for FY2025
“$0.73”
EUR (USD to 1) for FY2025
“$1.15”
GBP (USD to 1) for FY2025
“$1.34”
1% change in net yields (impact to adjusted … for FY2025
“$104”
1% change in adjusted cruise costs excluding… for FY2025
“$27”
10% change in fuel cost per metric ton (excl… for FY2025
“$44”
100 basis point change in variable rate debt… for FY2025
“$24”
1% change in currency exchange rates (impact… for FY2025
“$10”
Newbuild capital expenditures for FY2025
“$1.1 billion”
Non-newbuild capital expenditures for FY2025
“$1.2 billion”
Exhibit 99.1 · the passage around this item
… earlier in the release
2025 Outlook For the full year 2025, the company expects: • Net yields (in constant currency) approximately 5.0 percent higher than strong 2024 levels, which were up 11 percent and 0.3 percentage points better than March guidance. • Adjusted cruise costs excluding fuel per ALBD (in constant currency) up approximately 3.6 percent compared to 2024, better than March guidance. • Adjusted net income up over 40 percent compared to 2024 and better than March guidance by $200 million. • Adjusted EBITDA of approximately $6.9 billion, up over 10 percent compared to 2024 and better than March guidance. For the third quarter of 2025, the company expects: • Net yields (in constant currency) up approximately 3.5 percent compared to strong 2024 levels, which were up almost 9 percent. • Adjusted cruise costs excluding fuel per ALBD (in constant currency) up approximately 7.0 percent compared to the third quarter of 2024 primarily due to operating expenses for the opening of Celebration Key, higher investment in advertising expenses and the impacts of lower 2025 capacity and favorable one-time items in 2024. See “Guidance” for additional information on the company’s 2025 outlook, “Non-GAAP Financial Measures” and “Reconciliation of Forecasted Data.” Financing “We continued rebuilding an investment grade balance sheet, working aggressively to reduce interest expense, simplify our capital structure and manage our future debt maturities — refinancing nearly $7 billion of debt already this year at favorable rates. Our success has been recogn
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.