Carnival — Jun 24, 2025 release

$6.9 Adjusted net income (loss) (in millions) Approx. $1,800 Approx. $2,690 Adjusted earnings per share - diluted (b) Approx. $1.30 Approx. $1.97 Weighted-average shares outstanding - basic 1,313 1,312 Adjusted weighted-average shares outstanding - diluted (b) 1,402 1,401 (a) See “Notes to Statistical Information” (b) Diluted adjusted earnings per share includes the add-back of dilutive interest expense related to the company’s convertible notes of $18 million for the third quarter of 2025 and $71 million for full year 2025. Currencies (USD to 1) 3Q 2025 Full Year 2025 AUD $ 0.65  $ 0.64  CAD $ 0.73  $ 0.73  EUR $ 1.15  $ 1.11  GBP $ 1.34  $ 1.31  Sensitivities (impact to adjusted net income (loss) in millions) 3Q 2025 Remainder of 2025 1% change in net yields $ 60  $ 104  1% change in adjusted cruise costs excluding fuel per ALBD $ 27  $ 55  10% change in fuel cost per metric ton (excluding EUA) $ 44  $ 88  100 basis point change in variable rate debt (including derivatives) —  $ 24  1% change in currency exchange rates $ 10  $ 16  Capital Expenditures For the remainder of 2025, newbuild capital expenditures are $1.1 billion and non-newbuild capital expenditures are $1.2 billion. These future capital expenditures will fluctuate with foreign currency movements relative to the U.S. Dollar. In addition, these figures do not include potential stage payments for ship orders that the company may place in the future. Conference Call The company has