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Companies / Norwegian Cruise Line Holdings / Filing

Norwegian Cruise Line Holdings — Jul 30, 2026 release

Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001171843-26-005050
Open on SEC.gov ↗
Showing in the filing
Net Yield (Constant Currency)
“decline 8.9%”
Period
Q3 FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 52
Expected annualized run-rate savings
“~$100 million”
Annualized savings identified (in addition t…
“$100 million”
Reduction in diluted weighted-average shares… for FY2026
“4 million shares”
Net Yield on a Constant Currency basis for FY2026
“expected to be down approximately 5% versus 2025”
Net Yield (Constant Currency) for FY2026
“down approximately 5%”
Adjusted Net Cruise Cost excluding Fuel per … for FY2026
“expected to be down approximately 0.25% on a Constant Currency basis versus 2025”
Adjusted Net Cruise Cost excluding Fuel per … for FY2026
“down approximately 0.25%”
Adjusted EBITDA for FY2026
“expected to be approximately $2.5 billion”
Adjusted Operational EBITDA Margin for FY2026
“expected to be 33.2%”
Adjusted Net Income for FY2026
“expected to be approximately $700 million”
Net Yield on a Constant Currency basis for Q3 FY2026
“expected to decline 8.9% versus 2025”
Net Yield (Constant Currency) for Q3 FY2026
“decline 8.9%”
Adjusted Net Cruise Cost excluding Fuel per … for Q3 FY2026
“expected to decline 0.9% on a Constant Currency basis versus 2025”
Adjusted Net Cruise Cost excluding Fuel per … for Q3 FY2026
“decline 0.9%”
Adjusted EBITDA for Q3 FY2026
“expected to be $874 million”
Adjusted Operational EBITDA Margin for Q3 FY2026
“expected to be 41.2%”
Net Yield (As Reported) for Q3 FY2026
“(8.8%)”
Net Yield (As Reported) for FY2026
“~(4.7%)”
Adjusted Net Cruise Cost Excluding Fuel per … for Q3 FY2026
“(1.0%)”
Adjusted Net Cruise Cost Excluding Fuel per … for FY2026
“~0.0%”
Capacity Days for Q3 FY2026
“6.8 million”
Capacity Days for FY2026
“~26.25 million”
Occupancy for Q3 FY2026
“104.0%”
Occupancy for FY2026
“~102.3%”
Adjusted Net Income for Q3 FY2026
“$414 million”
Adjusted EPS for Q3 FY2026
“$0.90”
Diluted Weighted-Average Shares Outstanding for Q3 FY2026
“461 million”
Diluted Weighted-Average Shares Outstanding for FY2026
“~464 million”
Depreciation and Amortization for Q3 FY2026
“$275 million”
Depreciation and Amortization for FY2026
“~$1,085 million”
Interest Expense, net for Q3 FY2026
“$180 million”
Interest Expense, net for FY2026
“~$705 million”
Fuel consumption in metric tons for Q3 FY2026
“245,000”
Fuel consumption in metric tons for FY2026
“1,010,000”
Fuel price per metric ton, net of hedges for Q3 FY2026
“$811”
Fuel price per metric ton, net of hedges for FY2026
“$780”
Newbuild-and-Growth Capital Expenditures, Gr… for Q3 FY2026
“$313”
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 Q3 FY2026
“$202”
Newbuild-and-Growth Capital Expenditures, Ne… for FY2026
“~$1.4”
Newbuild-and-Growth Capital Expenditures, Ne… for FY2027
“~$0.9”
Newbuild-and-Growth Capital Expenditures, Ne… for FY2028
“~$0.5”
Other Capital Expenditures (millions) for Q3 FY2026
“~$100”
Other Capital Expenditures (millions) for FY2026
“~$540”
Additional ships expected to be added for FY2037
“16”
Additional Berths expected to be added for FY2037
“~43,000”
Exhibit 99.1 · the passage around this item
… earlier in the release
Adjusted Operational EBITDA Margin for the full year 2026 is expected to be 33.2%. Full year Adjusted Net Income is expected to be approximately $700 million. Adjusted EPS is expected to be approximately $1.50. Q3 2026 Outlook Q3 2026 Net Yield on a Constant Currency basis is expected to decline 8.9% versus 2025. Q3 2026 Adjusted Net Cruise Cost excluding Fuel per Capacity Day is expected to decline 0.9% on a Constant Currency basis versus 2025. Q3 2026 Adjusted EBITDA is expected to be $874 million and Adjusted Operational EBITDA Margin for the quarter is expected to be 41.2%. Booking Environment Update The Company remains below its optimal booked position for the next 12 months, as it continues to experience pressure from softer demand at its Norwegian Cruise Line brand related to Company-specific execution challenges, as well as the ongoing conflict in the Middle East. As we look ahead, the full amenities at the Company’s private island, Great Stirrup Cay, will be open to the public beginning September 4, including the pier and the new Great Tides Waterpark, the Great Life Lagoon, and the nearby Splash Harbor, which we expect will improve demand to Caribbean itineraries over time. Liquidity and Financial Position The Company is committed to optimizing its balance sheet and reducing Net Leverage. As of June 30, 2026, the Company had total debt of $15.0 billion and Net Debt of $14.8 billion. Net Leverage ended the quarter at 5.3x. As of June 30, 2026, liquidity was $1.5 billi
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.