Norwegian Cruise Line Holdings — Nov 4, 2025 release

            2025 Guidance   Fourth Quarter 2025 Full Year 2025   As Reported Constant Currency As Reported Constant Currency Net Yield ~3.8-4.3% ~3.5-4.0% ~2.3-2.4% ~2.4-2.5 % Adjusted Net Cruise Cost Excluding Fuel per Capacity Day ~1.2% ~0.5% ~1.1 % ~0.75% Capacity Days ~6.28 million ~24.45 million Occupancy ~101.9% ~103.5% Adjusted EBITDA ~$555 million ~$2.72 billion Adjusted Net Income ~$127 million ~$1,045 million Adjusted EPS 1 ~$0.27 ~$2.10 Diluted Weighted-Average Shares Outstanding 2 ~467 million ~496 million Depreciation and Amortization ~$259 million ~$985 million Interest Expense, net 3 ~$179 million ~$690 million Effect of a 1% change in Net Yield on Adjusted EBITDA / Adjusted EPS ~$17 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 ~$1.7 million ~$0.00 ~$1.7 million ~$0.00 __________________ (1) Based on guidance and using diluted weighted-average shares outstanding of approximately 467 million for the fourth quarter of 2025 and 496 million for full year 2025.  (2) Fourth quarter and full year 2025 guidance assumes the Company’s 2027 Exchangeable Notes are dilutive and therefore are included in diluted weighted-average shares outstanding. As of September 30, 2025, the price of NCLH’s ordinary shares did not exceed the conversion price related to the Company’s 2030 Exchangeable Notes, and therefore, there was no impact to diluted weighted-average shares outstanding considered for the fourth quarter and full year 2025 guidance.  (3) Interest expense exclud