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Companies / Norwegian Cruise Line Holdings / Filing

Norwegian Cruise Line Holdings — Jul 31, 2025 release

Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001171843-25-004871
Open on SEC.gov ↗
Showing in the filing
Depreciation and Amortization
“~$252 million”
Period
Q3 FY2025
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 57
Net Yield on a Constant Currency basis for FY2025
“approximately 2.5%”
Adjusted EBITDA for FY2025
“approximately $2.72 billion”
Adjusted Operational EBITDA Margin for FY2025
“approximately 37%”
Adjusted Net Income for FY2025
“approximately $1,045 million”
Net Leverage for FY2025
“approximately 5.2x”
Charting the Course financial targets for FY2026
“remains committed to achieving its 2026 Charting the Course financial targets”
Net Leverage goal for FY2026
“firmly on track to reach our 2026 goal of reducing Net Leverage to the mid-4x range”
Net Leverage for FY2026
“mid-4x range”
Adjusted Net Cruise Cost Excluding Fuel per … for Q3 FY2025
“~0.85%”
Capacity Days for Q3 FY2025
“~6.40 million”
Capacity Days for FY2025
“~24.50 million”
Occupancy for Q3 FY2025
“~105.5%”
Occupancy for FY2025
“~103.0%”
Adjusted EBITDA for Q3 FY2025
“~$1.015 billion”
Adjusted Net Income for Q3 FY2025
“~$571 million”
Adjusted EPS for Q3 FY2025
“~$1.14”
Adjusted EPS for FY2025
“$2.05”
Diluted Weighted-Average Shares Outstanding for Q3 FY2025
“~503 million”
Diluted Weighted-Average Shares Outstanding for FY2025
“~507 million”
Depreciation and Amortization for Q3 FY2025
“~$252 million”
Depreciation and Amortization for FY2025
“~$985 million”
Interest Expense, net for Q3 FY2025
“~$180 million”
Interest Expense, net for FY2025
“~$700 million”
Foreign currency exchange rate assumption - … for Q3 FY2025
“$1.18”
Euro
“$1.18”
Foreign currency exchange rate assumption - … for Q3 FY2025
“$1.37”
British pound
“$1.37”
Foreign currency exchange rate assumption - … for Q3 FY2025
“$0.66”
Australian Dollar
“$0.66”
Foreign currency exchange rate assumption - … for Q3 FY2025
“$0.73”
Canadian Dollar
“$0.73”
Fuel consumption in metric tons for Q3 FY2025
“250,000”
Fuel consumption in metric tons for FY2025
“1,010,000”
Fuel price per metric ton, net of hedges for Q3 FY2025
“$725”
Fuel price per metric ton, net of hedges for FY2025
“$690”
Blended HFO and MGO Hedge Price / Metric Ton for FY2025
“$617”
Blended HFO and MGO Hedge Price / Metric Ton for FY2026
“$513”
Blended HFO and MGO Hedge Price / Metric Ton for FY2027
“$506”
Newbuild-and-Growth Capital Expenditures, Gr… for Q3 FY2025
“~$842”
Newbuild-and-Growth Capital Expenditures, Gr… for FY2027
“~$2.7”
Newbuild-and-Growth Capital Expenditures, Gr… for FY2026
“~$2.7”
Newbuild-and-Growth Capital Expenditures, Gr… for FY2025
“~$2.7”
Export Credit Financing for Newbuild-and-Gro… for Q3 FY2025
“~$682”
Export Credit Financing for Newbuild-and-Gro… for FY2026
“~$1.6”
Export Credit Financing for Newbuild-and-Gro… for FY2025
“~$1.6”
Export Credit Financing for Newbuild-and-Gro… for FY2027
“~$2.0”
Newbuild-and-Growth Capital Expenditures, Ne… for Q2 FY2025
“$176”
Newbuild-and-Growth Capital Expenditures, Ne… for Q3 FY2025
“~$160”
Newbuild-and-Growth Capital Expenditures, Ne… for FY2026
“~$1.1”
Newbuild-and-Growth Capital Expenditures, Ne… for FY2025
“~$1.1”
Newbuild-and-Growth Capital Expenditures, Ne… for FY2027
“~$0.6”
Other Capital Expenditures for Q2 FY2025
“$159”
Other Capital Expenditures (in millions) for Q3 FY2025
“~$136”
Other Capital Expenditures (in millions) for FY2025
“~$590”
Sonata Class Ships confirmed delivery for FY2032
“confirmed for delivery in 2032 and 2035”
Expected fleet additions (ships) for FY2036
“NCLH expects to add 13 additional ships across its three brands through 2036”
Expected fleet additions (Berths) for FY2036
“add over 38,400 Berths to its fleet”
Exhibit 99.1 · the passage around this item
… earlier in the release
            2025 Guidance   Third Quarter 2025 Full Year 2025   As Reported Constant Currency As Reported Constant Currency Net Yield ~1.9% ~1.5% ~2.5% ~2.5 % Adjusted Net Cruise Cost Excluding Fuel per Capacity Day ~0.85% ~0.0% ~1.1 % ~0.6% Capacity Days ~6.40 million ~24.50 million Occupancy ~105.5% ~103.0% Adjusted EBITDA ~$1.015 billion ~$2.72 billion Adjusted Net Income ~$571 million ~$1,045 million Adjusted EPS 1 ~$1.14 ~$2.05 Diluted Weighted-Average Shares Outstanding 2 ~503 million ~507 million Depreciation and Amortization ~$252 million ~$985 million Interest Expense, net 3 ~$180 million ~$700 million Effect of a 1% change in Net Yield on Adjusted EBITDA / Adjusted EPS ~$22 million ~$0.04 ~$74 million ~$0.15 Effect of a 1% change in Adjusted Net Cruise Cost Excluding Fuel per Capacity Day on Adjusted EBITDA / Adjusted EPS ~$10 million ~$0.02 ~$40 million ~$0.08 Effect of a 1% change in Foreign Exchange rates on Adjusted Net Income / Adjusted EPS 4 ~$2.2 million ~$0.00 ~$4.0 million ~$0.01   ____________________   (1)   Based on guidance and using diluted weighted-average shares outstanding of approximately 503 million for the third quarter of 2025 and 507 million for full year 2025.   (2)   Q3 2025 and full year 2025 guidance assumes the Company’s 2025 and 2027 exchangeable notes are dilutive and therefore are included in diluted weighted-average shares outstanding.   (3)   Interest expense excluding debt extinguishment and modification costs. Based on the Company’s June 30, 2025 outstanding variable rate debt balance, a one percentage point increase in annual SOFR interest rates would increase the Company’s annual interest expense by approximately $9 million excluding the effects of the capitalization of interes
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.