HighGravityDataCarnival — Sep 29, 2025 release
Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000815097-25-000082
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 · 33
Net yields (in constant currency) for FY2025
“up approximately 5.3 percent compared to 2024”
Adjusted cruise costs excluding fuel per ALB… for FY2025
“up approximately 3.3 percent compared to 2024”
Adjusted net income for FY2025
“up nearly 55 percent compared to 2024 and better than June guidance by $235 million”
Adjusted EBITDA for FY2025
“approximately $7.05 billion, up 15 percent compared to 2024”
Net yields (in constant currency) for Q4 FY2025
“up approximately 4.3 percent compared to record 2024 levels”
Adjusted net income for Q4 FY2025
“up over 60 percent compared to the fourth quarter 2024”
Net debt to adjusted EBITDA ratio
“under 3x”
Net yields (Current Dollars) for FY2025
“Approx. 6.4%”
Net yields (Constant Currency) for FY2025
“Approx. 4.3%”
Adjusted cruise costs excluding fuel per ALB… for FY2025
“Approx. 5.5%”
Adjusted cruise costs excluding fuel per ALB… for FY2025
“Approx. 3.2%”
ALBDs (in millions) for FY2025
“96.5”
Fuel consumption in metric tons (in millions) for FY2025
“0.7”
Fuel cost per metric ton consumed (excluding… for FY2025
“$598”
Fuel expense (including EUA expense) (in bil… for FY2025
“$0.45”
Depreciation and amortization expense (in bi… for FY2025
“$0.73”
Interest expense, net of capitalized interes… for FY2025
“$0.30”
Adjusted EBITDA (in billions) for FY2025
“Approx. $1.34”
Adjusted net income (loss) (in millions) for FY2025
“Approx. $2,925”
Adjusted earnings per share - diluted for FY2025
“Approx. $0.23”
Weighted-average shares outstanding - basic for FY2025
“1,313”
Adjusted weighted-average shares outstanding… for FY2025
“1,403”
AUD (USD to 1) for FY2025
“$0.66”
CAD (USD to 1) for FY2025
“$0.72”
EUR (USD to 1) for FY2025
“$1.18”
GBP (USD to 1) for FY2025
“$1.35”
1% change in net yields (impact to adjusted … for FY2025
“$45”
1% change in adjusted cruise costs excluding… for FY2025
“$29”
10% change in fuel cost per metric ton (excl… for FY2025
“$42”
100 basis point change in variable rate debt… for FY2025
“$9”
1% change in currency exchange rates (impact… for FY2025
“$6”
Newbuild capital expenditures for Q4 FY2025
“$1.0 billion”
Non-newbuild capital expenditures for Q4 FY2025
“$0.7 billion”
Exhibit 99.1 · the passage around this item
… earlier in the release
6.2% Approx. 5.3% Adjusted cruise costs excluding fuel per ALBD Approx. 5.5% Approx. 3.2% Approx. 4.4% Approx. 3.3% 4Q 2025 Full Year 2025 ALBDs (in millions) (a) 24.1 96.5 Fuel consumption in metric tons (in millions) 0.7 2.8 Fuel cost per metric ton consumed (excluding European Union Allowance (“EUA”)) $ 598 $ 615 Fuel expense (including EUA expense) (in billions) $ 0.45 $ 1.84 Depreciation and amortization expense (in billions) $ 0.73 $ 2.79 Interest expense, net of capitalized interest and interest income (in billions) $ 0.30 $ 1.31 Adjusted EBITDA (in billions) Approx. $1.34 Approx. $7.05 Adjusted net income (loss) (in millions) Approx. $300 Approx. $2,925 Adjusted earnings per share - diluted (b) Approx. $0.23 Approx. $2.14 Weighted-average shares outstanding - basic 1,313 1,312 Adjusted weighted-average shares outstanding - diluted (b) 1,403 1,402 (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 fourth quarter of 2025 and $71 million for full year 2025. Currencies (USD to 1) 4Q 2025 Full Year 2025 AUD $ 0.66 $ 0.63 CAD $ 0.72 $ 0.72 EUR $ 1.18 $ 1.13 GBP $ 1.35 $ 1.32 Sensitivities (impact to adjusted net income (loss) in millions) 4Q 2025 1% change in net yields $ 45 1% change in adjusted cruise costs excluding fuel per ALBD
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.