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Norwegian Cruise Line Holdings — Apr 30, 2025 release

Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001171843-25-002625
Open on SEC.gov ↗
Showing in the filing
Newbuild-and-Growth Capital Expenditures, Gross (billions)
“~$2.5”
Period
FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 52
Net Yield on a Constant Currency basis for FY2025
“between 2.0% and 3.0%”
Adjusted EBITDA for FY2025
“approximately $2.72 billion”
Adjusted EBITDA year-over-year increase for FY2025
“an 11.0% increase versus 2024”
Adjusted Operational EBITDA Margin for FY2025
“approximately 37%”
Adjusted Net Income for FY2025
“approximately $1,045 million”
Adjusted EPS year-over-year increase for FY2025
“increasing approximately 13% year-over-year”
Net Leverage for FY2025
“approximately 5x”
Adjusted Net Cruise Cost Excluding Fuel per … for Q2 FY2025
“~1.4%”
Capacity Days for Q2 FY2025
“~6.06 million”
Capacity Days for FY2025
“~24.545 million”
Occupancy for Q2 FY2025
“~103.2%”
Occupancy for FY2025
“~102.5%”
Adjusted EBITDA for Q2 FY2025
“~$670 million”
Adjusted Net Income for Q2 FY2025
“~$257 million”
Adjusted EPS for Q2 FY2025
“~$0.51”
Adjusted EPS for FY2025
“$2.05”
Diluted Weighted-Average Shares Outstanding for Q2 FY2025
“~508 million”
Diluted Weighted-Average Shares Outstanding for FY2025
“~511 million”
Depreciation and Amortization for Q2 FY2025
“~$245 million”
Depreciation and Amortization for FY2025
“~$985 million”
Adjusted Interest Expense, net for Q2 FY2025
“~$175 million”
Adjusted Interest Expense, net for FY2025
“~$700 million”
Euro
“$1.14”
British pound
“$1.33”
Australian Dollar
“$0.64”
Canadian Dollar
“$0.72”
Fuel consumption in metric tons for Q2 FY2025
“245,000”
Fuel consumption in metric tons for FY2025
“1,010,000”
Fuel price per metric ton, net of hedges for Q2 FY2025
“$680”
Fuel price per metric ton, net of hedges for FY2025
“$687”
Blended HFO and MGO Hedge Price / Metric Ton for FY2025
“$615”
Blended HFO and MGO Hedge Price / Metric Ton for FY2026
“$524”
Blended HFO and MGO Hedge Price / Metric Ton for FY2027
“$518”
Total % of Consumption Hedged for FY2025
“61 %”
Total % of Consumption Hedged for FY2026
“46 %”
Total % of Consumption Hedged for FY2027
“20 %”
Newbuild-and-Growth Capital Expenditures, Gr… for Q1 FY2025
“$1,361”
Newbuild-and-Growth Capital Expenditures, Gr… for FY2025
“~$2.6”
Newbuild-and-Growth Capital Expenditures, Gr… for FY2027
“~$2.5”
Newbuild-and-Growth Capital Expenditures, Gr… for FY2026
“~$2.5”
Export Credit Financing for Newbuild-and-Gro… for Q1 FY2025
“$893”
Export Credit Financing for Newbuild-and-Gro… for Q2 FY2025
“~$0”
Export Credit Financing for Newbuild-and-Gro… for FY2025
“~$1.6”
Export Credit Financing for Newbuild-and-Gro… for FY2026
“~$1.5”
Export Credit Financing for Newbuild-and-Gro… for FY2027
“~$1.9”
Newbuild-and-Growth Capital Expenditures, Ne… for Q1 FY2025
“$468”
Newbuild-and-Growth Capital Expenditures, Ne… for Q2 FY2025
“~$225”
Newbuild-and-Growth Capital Expenditures, Ne… for FY2026
“~$1.0”
Newbuild-and-Growth Capital Expenditures, Ne… for FY2025
“~$1.0”
Newbuild-and-Growth Capital Expenditures, Ne… for FY2027
“~$0.7”
Other Capital Expenditures (millions) for Q2 FY2025
“~$130”
Other Capital Expenditures (millions) for FY2025
“~$590”
Exhibit 99.1 · the passage around this item
… earlier in the release
Capital Expenditures The following table presents newbuild-and-growth capital expenditures, which mainly consists of capital expenditures related to the construction of new ships, private island developments and enhancements and other strategic growth initiatives:                       First Quarter 2025 (millions)   Second Quarter 2025 (millions)   Full Year 2025 (billions)   Full Year 2026 (billions)   Full Year 2027 (billions) Newbuild-and-Growth Capital Expenditures, Gross 1 $1,361   ~$225   ~$2.6   ~$2.5   ~$2.5 Export Credit Financing for Newbuild-and-Growth Capital Expenditures $893   ~$0   ~$1.6   ~$1.5   ~$1.9 Newbuild-and-Growth Capital Expenditures, Net of Financing $468   ~$225   ~$1.0   ~$1.0   ~$0.7 ____________________ Includes all newbuild related capital expenditures including shipyard progress payments. Note: Numbers may not add due to rounding. The following table presents other capital expenditures, which mainly consists of investments related to maintenance, Dry-dock renovations, and technology and digital:                       First Quarter 2025 (millions)     Second Quarter 2025 (millions)       Full Year 2025 (millions)   Other Capital Expenditures   $156       ~$130       ~$590                           Fleet and Brand Updates Norwegian Cruise Line recently debuted the highly anticipated Norwegian Aqua. This state-of-the-art vessel marks a new chapter in NCL’s fleet evolution and is the first ship in the cutting-edge Prima Plus Class. Following her inaugural voyage, Norwegian Aqua embarked on a Transatlantic voyage to the United States, where she was officially christened in Miami on April 13, 2025, with Emmy® Award-winning actor Eric Stonestreet serving as he
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.