HighGravityDataNorwegian Cruise Line Holdings — Nov 4, 2025 release
Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001171843-25-006936
Showing in the filing
Fuel consumption in metric tons
“263,000”
Period
Q4 FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 40
Load Factor for FY2026
“exceeding 2024 levels”
Net Yield on a Constant Currency basis for FY2025
“expected to increase approximately 2.4-2.5% versus 2024”
Adjusted Net Cruise Cost excluding Fuel per … for FY2025
“expected to grow approximately 0.75% on a Constant Currency basis versus 2024”
Adjusted EBITDA for FY2025
“approximately $2.72 billion”
Adjusted Operational EBITDA Margin for FY2025
“approximately 37%”
Adjusted Net Income for FY2025
“approximately $1.045 billion”
Net Leverage for FY2025
“~5.3x”
Adjusted Net Cruise Cost Excluding Fuel per … for Q4 FY2025
“~1.2%”
Capacity Days for Q4 FY2025
“~6.28 million”
Capacity Days for FY2025
“~24.45 million”
Occupancy for Q4 FY2025
“~101.9%”
Occupancy for FY2025
“~103.5%”
Adjusted EBITDA for Q4 FY2025
“~$555 million”
Adjusted Net Income for Q4 FY2025
“~$127 million”
Adjusted EPS for Q4 FY2025
“~$0.27”
Adjusted EPS for FY2025
“$2.10”
Diluted Weighted-Average Shares Outstanding for Q4 FY2025
“~467 million”
Diluted Weighted-Average Shares Outstanding for FY2025
“~496 million”
Depreciation and Amortization for Q4 FY2025
“~$259 million”
Depreciation and Amortization for FY2025
“~$985 million”
Interest Expense, net for Q4 FY2025
“~$179 million”
Interest Expense, net for FY2025
“~$690 million”
Fuel consumption in metric tons for Q4 FY2025
“263,000”
Fuel consumption in metric tons for FY2025
“993,000”
Fuel price per metric ton, net of hedges for Q4 FY2025
“$672”
Fuel price per metric ton, net of hedges for FY2025
“$690”
Newbuild-and-Growth Capital Expenditures, Gr… for Q4 FY2025
“~$351”
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 Q4 FY2025
“~$50”
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 Q4 FY2025
“~$301”
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
“~$0.7”
Other Capital Expenditures for Q4 FY2025
“~$149”
Other Capital Expenditures for FY2025
“~$590”
Exhibit 99.1 · the passage around this item
… earlier in the release
The following reflects the Company’s expectations regarding fuel consumption and pricing, along with accompanying sensitivities: Fourth Quarter 2025 Full Year 2025 Fuel consumption in metric tons 1 263,000 993,000 Fuel price per metric ton, net of hedges 2 $ 672 $ 690 Effect on Adjusted EPS of a 10% change in fuel prices, net of hedges 3 $ 0.02 $ 0.02 __________________ (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 10/08/2025. (3) Full year represents impact of change in fuel prices on the fourth quarter. As of October 16, 2025, the Company had hedged approximately 58%, 48%, and 23% of its total projected metric tons of fuel consumption for the remainder of 2025, 2026, and 2027, respectively. We primarily hedge heavy fuel oil (“HFO”) and marine gas oil (“MGO”). Other fuel types are unhedged. The following table provides amounts hedged and prices per metric ton: 2025 2026 2027 Blended HFO and MGO Hedge Price / Metric Ton $ 597 $ 513 $ 499 Total % of Consumption Hedged 58 % 48 % 23 % __________________ Hedged derivatives include accounting hedges as well as economic hedges. Capital Expenditures The following table presents newbuild-and-growth capital expenditur
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.