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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
Other Capital Expenditures (millions)
“~$590”
Period
FY2025
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
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 her godfather. Learn more here . Regent Seven Seas marked an important milestone with the keel laying for the brand’s next generation of ship, the Seven Seas Prestige. Set to be delivered in 2026, Seven Seas Prestige follows the tremendous success of Regent’s Explorer-Class vessels, and will be Regent’s first new ship class in 10 years. Learn more here . Norwegian Cruise Line marked an important milestone with the float out of Norwegian Luna, marking the second ship in the next-generation Prima Plus Class. The new ship is set to officially debut in April 2026 with seven-day voyages from Miami. Learn more here . Conference Call The Company has scheduled a conference call for Wednesday, April 30, 2025 a
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.