HighGravityDataNorwegian Cruise Line Holdings — May 4, 2026 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001171843-26-002957
Showing in the filing
Expected annualized run-rate savings
“approximately $125 million”
Period
No period stated
Measure
Company-defined measure
Source
Prose
All guidance in this release · 53
Expected annualized run-rate savings
“approximately $125 million”
Net Yield on a Constant Currency basis for FY2026
“expected to be down approximately 3% to 5% versus 2025”
Net Yield (Constant Currency) for FY2026
“down approximately 3% to 5%”
Adjusted Net Cruise Cost excluding Fuel per … for FY2026
“expected to be approximately flat on a Constant Currency basis versus 2025”
Adjusted EBITDA for FY2026
“expected to be approximately $2.48 billion to $2.64 billion”
Adjusted Operational EBITDA Margin for FY2026
“expected to be 32.9% to 34.3%”
Adjusted Net Income for FY2026
“expected to be approximately $679 million to $838 million”
Net Yield on a Constant Currency basis for Q2 FY2026
“expected to decline approximately 3.6% versus 2025”
Net Yield (Constant Currency) for Q2 FY2026
“decline approximately 3.6%”
Adjusted Net Cruise Cost excluding Fuel per … for Q2 FY2026
“expected to grow approximately 1.0% on a Constant Currency basis versus 2025”
Adjusted Net Cruise Cost Excluding Fuel per … for Q2 FY2026
“grow approximately 1.0%”
Adjusted EBITDA for Q2 FY2026
“expected to be approximately $632 million”
Adjusted Operational EBITDA Margin for Q2 FY2026
“expected to be approximately 32.5%”
Net Yield (As Reported) for Q2 FY2026
“~(3.2%)”
Net Yield (As Reported) for FY2026
“(2.7%) – (4.7%)”
Adjusted Net Cruise Cost Excluding Fuel per … for Q2 FY2026
“~1.4%”
Adjusted Net Cruise Cost Excluding Fuel per … for FY2026
“~0.3%”
Adjusted Net Cruise Cost excluding Fuel per … for FY2026
“~0.0%”
Capacity Days for Q2 FY2026
“~6.6 million”
Capacity Days for FY2026
“~26.25 million”
Occupancy for Q2 FY2026
“~102.5%”
Occupancy for FY2026
“~104.2%”
Adjusted Net Income for Q2 FY2026
“~$178 million”
Adjusted EPS for Q2 FY2026
“~$0.38”
Adjusted EPS for FY2026
“$1.45 to $1.79”
Diluted Weighted-Average Shares Outstanding for Q2 FY2026
“~467 million”
Diluted Weighted-Average Shares Outstanding for FY2026
“~468 million”
Depreciation and Amortization for Q2 FY2026
“~$275 million”
Depreciation and Amortization for FY2026
“~$1,085 million”
Interest Expense, net for Q2 FY2026
“~$175 million”
Interest Expense, net for FY2026
“~$695 million”
Fuel consumption in metric tons for Q2 FY2026
“251,000”
Fuel consumption in metric tons for FY2026
“1,020,000”
Fuel price per metric ton, net of hedges for Q2 FY2026
“$860”
Fuel price per metric ton, net of hedges for FY2026
“$782”
Newbuild-and-Growth Capital Expenditures, Gr… for Q3 FY2026
“$260”
Newbuild-and-Growth Capital Expenditures, Gr… for FY2027
“~$2.9”
Newbuild-and-Growth Capital Expenditures, Gr… for FY2026
“~$2.9”
Newbuild-and-Growth Capital Expenditures, Gr… for FY2028
“~$1.8”
Export Credit Financing for Newbuild-and-Gro… for Q3 FY2026
“$111”
Export Credit Financing for Newbuild-and-Gro… for FY2026
“~$1.6”
Export Credit Financing for Newbuild-and-Gro… for FY2027
“~$2.0”
Export Credit Financing for Newbuild-and-Gro… for FY2028
“~$1.3”
Newbuild-and-Growth Capital Expenditures, Ne… for FY2026
“~$1.3”
Newbuild-and-Growth Capital Expenditures, Ne… for Q2 FY2026
“$380”
Newbuild-and-Growth Capital Expenditures, Ne… for Q3 FY2026
“$149”
Newbuild-and-Growth Capital Expenditures, Ne… for FY2027
“~$0.9”
Newbuild-and-Growth Capital Expenditures, Ne… for FY2028
“~$0.5”
Other Capital Expenditures for Q2 FY2026
“$140”
Other Capital Expenditures for Q3 FY2026
“103”
Other Capital Expenditures for FY2026
“~$540”
Fleet additions (ships) for FY2037
“16 additional ships”
Fleet additions (Berths) for FY2037
“~43,000 Berths”
Exhibit 99.1 · the passage around this item
… earlier in the release
Announced Board refreshment with the appointment of five new independent directors effective March 31, 2026, further strengthening the Company’s governance and shareholder value focus. Executed targeted initiatives to enhance its SG&A profile, generating approximately $125 million of expected annualized run-rate savings. “We delivered strong first quarter results, and more importantly we have already begun taking decisive actions to strengthen execution and accountability across the company, which will enhance results over the longer term,” said John W. Chidsey, Chairperson and Chief Executive Officer of Norwegian Cruise Line Holdings Ltd. “During the quarter, we acted with urgency to simplify, optimize, and streamline the organization, including executing SG&A savings initiatives totaling $125 million in expected run rate savings. These are long-term structural actions that we believe will help offset near-term pressures and position the business for stronger performance over time. As we move through the year, we will continue to manage costs and focus on revenue growth to align resources with the high-growth, high value areas of the business. I remain confident and encouraged that we are building a leaner, more effective and nimble organization that positions NCLH for sustainable long-term value creation.” First Quarter 2026 Highlights Generated total revenue of $2.3 billion, a 10% increase compared to the first quarter of 2025, driven by increased Capaci
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.