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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
Net Leverage goal
“firmly on track to reach our 2026 goal of reducing Net Leverage to the mid-4x range”
Period
FY2026
Measure
Company-defined measure
Source
Prose
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
Kempa, executive vice president and chief financial officer of Norwegian Cruise Line Holdings Ltd. “More importantly, we reduced Net Leverage to 5.3x in the second quarter, down from 5.7x in the first quarter. We have reduced our Net Leverage by 2 turns since 2023 and are firmly on track to reach our 2026 goal of reducing Net Leverage to the mid-4x range.” Outlook and Guidance In addition to announcing the results for the second quarter 2025, the Company also provided guidance for the third quarter and full year 2025, along with accompanying sensitivities, subject to changes in the broad macroeconomic environment. The Company does not provide certain estimated future results on a GAAP basis because the Company is unable to predict, with reasonable certainty, the future movement of foreign exchange rates or the future impact of certain gains and charges. These items are uncertain and will depend on several factors, including industry conditions, and could be material to the Company’s results computed in accordance with GAAP. The Company has not provided reconciliations between the Company’s 2025 guidance and the most directly comparable GAAP measures because it would be too difficult to prepare a reliable U.S. GAAP quantitative reconciliation without unreasonable effort.             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 mil
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.