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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
Euro
“$1.18”
Period
No period stated
Measure
Company-defined measure
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
  (4)   Impact from changes in foreign exchange rates only considers the impact that foreign exchange rate movements could have on our revenues and operating costs. The following reflects the foreign currency exchange rates as of June 30, 2025 that the Company used in its third quarter and full year 2025 guidance.         Current Guidance Euro $ 1.18 British pound $ 1.37 Australian Dollar $ 0.66 Canadian Dollar $ 0.73 Fuel The Company reported fuel expense of $157 million in the quarter. Fuel price per metric ton, net of hedges, decreased to $659 from $719 in 2024. Fuel consumption of 239,000 metric tons was slightly below projections. The following reflects the Company’s expectations regarding fuel consumption and pricing, along with accompanying sensitivities.                   Third Quarter 2025   Full Year 2025 Fuel consumption in metric tons 1   250,000       1,010,000   Fuel price per metric ton, net of hedges 2 $ 725     $ 690   Effect on Adjusted EPS of a 10% change in fuel prices, net of hedges $ 0.01     $ 0.03   ____________________   (1)   Total fuel consumption for the full year 2025 is expected to be comprised mainly of heavy fuel oil and marine gas oil, as well as other fuel types.   (2)   Fuel prices are based on spot rates as of 7/16/2025. As of June 30, 2025, the Company had hedged approximately 65%, 48%, and 22% of its total projected metric tons of fuel consumption for 2025, 2026, and 2027, respectively. We primarily hedge heavy fuel oil (“HFO”) and marine gas oil (“MGO”). Other fuel types are unhedged. Th
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.