HighGravityDataNorwegian Cruise Line Holdings — Apr 30, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001171843-25-002625
Showing in the filing
Adjusted EPS year-over-year increase
“increasing approximately 13% year-over-year”
Period
FY2025
Measure
Company-defined measure
Source
Prose
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
Adjusted Operational EBITDA Margin guidance for the full year 2025 is unchanged and expected to be approximately 37%. Full year Adjusted Net Income guidance is expected to be approximately $1,045 million. Adjusted EPS guidance is unchanged and is expected to be $2.05, increasing approximately 13% year-over-year. Net Leverage guidance is expected to end the year at approximately 5x. Company remains committed to Charting the Course 2026 financial targets. Booking Environment Update The Company has seen softening in its 12-month forward booked position but continues to remain within the optimal range, even amid ongoing macroeconomic volatility. Occupancy was 101.5% for the first quarter of 2025, in-line with guidance, and down year-over-year due to increased Dry-dock capacity and repositioning days on large vessels. The Company’s advance ticket sales balance, including the long-term portion, ended the first quarter of 2025 at $3.9 billion, up 2.6% year-over-year. Liquidity and Financial Position The Company is committed to prioritizing efforts to optimize its balance sheet and reduce Net Leverage. As of March 31, 2025, the Company had total debt of $14.0 billion and Net Debt of $13.8 billion. Net Leverage increased, as expected, by approximately 0.4x compared to December 31, 2024, ending the quarter at 5.7x, due to the delivery of Norwegian Aqua in March 2025. At quarter-end, liquidity was $1.4 billion including approximately $184.4 million of cash and cash equivalents, $1.0 billion of avai
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.