Norwegian Cruise Line Holdings — Mar 2, 2026 release

The Company has not provided reconciliations between the Company’s 2026 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.   2026 Guidance    First Quarter 2026 Full Year 2026   As Reported Constant Currency As Reported Constant Currency Net Yield ~(1.0%) ~(1.6%) ~0.4% ~0.0% Adjusted Net Cruise Cost Excluding Fuel per Capacity Day ~0.0% ~(0.8%) ~1.4% ~0.9% Capacity Days ~6.39 million ~26.25 million Occupancy ~104.2% ~105.7% Adjusted EBITDA ~$515 million ~$2.95 billion Adjusted Net Income ~$77 million ~$1,116 million Adjusted EPS 1 ~$0.16 ~$2.38 Diluted Weighted-Average Shares Outstanding 2 ~468 million ~468 million Depreciation and Amortization ~$260 million ~$1,085 million Interest Expense, net 3 ~$170 million ~$708 million Effect of a 1% change in Net Yield on Adjusted EBITDA / Adjusted EPS ~$18 million ~$0.04 ~$79 million ~$0.17 Effect of a 1% change in Adjusted Net Cruise Cost Excluding Fuel per Capacity Day on Adjusted EBITDA / Adjusted EPS ~$11 million ~$0.02 ~$43 million ~$0.09 Effect of a 1% change in Foreign Exchange rates on Adjusted Net Income / Adjusted EPS 4 ~$1.2 million ~$0.00 ~$6.9 million ~$0.01 __________________________ (1) Based on guidance and using diluted weighted-average shares outstanding of approximately 468 million for the first quarter of 2026 and 468 million for full year 2026. (2) First quarter 2026 guidance assumes the Company’s 2027 2.5% Exchangeable Notes are anti-dilutive and therefore are not included in diluted weig