HighGravityDataRoyal Caribbean Cruises — Apr 29, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000884887-25-000093
Showing in the filing
Net Interest, excluding loss on extinguishment of debt
“$940 to $950 million”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 60
Adjusted EPS for FY2025
“$14.55 to $15.55”
Net Yields (Full Year 2025 Outlook) for FY2025
“2.5% to 4.5% as-reported (2.6% to 4.6% in Constant Currency)”
Net Yields vs. 2024 (As-Reported) for FY2025
“2.5% to 4.5%”
Net Yields vs. 2024 (Constant Currency) for FY2025
“2.6% to 4.6%”
NCC, excluding Fuel, per APCD (Full Year 202… for FY2025
“0.1% to 1.1% as-reported and (0.1%) to 0.9% in Constant Currency”
Net Cruise Costs per APCD ex. Fuel vs. 2024 … for FY2025
“(0.1%) to 0.9%”
Capacity change for FY2028
“6%”
Capacity change for FY2026
“6%”
Capacity change for Q2 FY2025
“6%”
Net Yields (Second Quarter 2025) for Q2 FY2025
“4.4% to 4.9% as-reported and 4.3% to 4.8% in Constant Currency”
Net Yields vs. 2024 (As-Reported) for Q2 FY2025
“4.4% to 4.9%”
Net Yields vs. 2024 (Constant Currency) for Q2 FY2025
“4.3% to 4.8%”
NCC, excluding Fuel, per APCD (Second Quarte… for Q2 FY2025
“4.1% to 4.6% as-reported and 3.7% to 4.2% in Constant Currency”
Net Cruise Costs per APCD ex. Fuel vs. 2024 … for Q2 FY2025
“3.7% to 4.2%”
Fuel consumption (second quarter) for Q2 FY2025
“428,000 metric tons”
Forecasted consumption hedged via swaps for FY2025
“59%”
Percent Hedged (fwd. consumption) for Q2 FY2025
“59%”
Percent hedged via swaps (second quarter) for Q2 FY2025
“59%”
Forecasted consumption hedged via swaps for FY2026
“55%”
Forecasted consumption hedged via swaps for FY2027
“45%”
Forecasted consumption hedged via swaps for FY2028
“15%”
Annual average cost per metric ton of hedge … for FY2025
“approximately $487”
Annual average cost per metric ton of hedge … for FY2026
“$476”
Annual average cost per metric ton of hedge … for FY2027
“$393”
Annual average cost per metric ton of hedge … for FY2028
“$426”
Fuel Consumption (metric tons) for FY2025
“1,726,000”
Fuel expense (second quarter) for Q2 FY2025
“$286 million”
Fuel Expenses for FY2025
“$1,140 million”
Net Cruise Costs per APCD vs. 2024 (As-Repor… for Q2 FY2025
“2.8% to 3.3%”
Net Cruise Costs per APCD vs. 2024 (Constant… for Q2 FY2025
“2.4% to 2.9%”
Net Cruise Costs per APCD ex. Fuel vs. 2024 … for Q2 FY2025
“4.1% to 4.6%”
Net Cruise Costs per APCD vs. 2024 (As-Repor… for FY2025
“(1.0%) to 0.0%”
Net Cruise Costs per APCD vs. 2024 (Constant… for FY2025
“(1.2%) to (0.2%)”
Net Cruise Costs per APCD ex. Fuel vs. 2024 … for FY2025
“0.1% to 1.1%”
APCDs for Q2 FY2025
“12.9 million”
APCDs for FY2025
“53.3 million”
Capacity change vs. 2024 for Q2 FY2025
“5.8%”
Capacity change vs. 2024 for FY2025
“5.5%”
Depreciation and amortization for Q2 FY2025
“$415 to $425 million”
Depreciation and amortization for FY2025
“$1,710 to $1,720 million”
Net Interest, excluding loss on extinguishme… for Q2 FY2025
“$220 to $230 million”
Net Interest, excluding loss on extinguishme… for FY2025
“$940 to $950 million”
Adjusted EPS (Second Quarter 2025) for Q2 FY2025
“$4.00 to $4.10”
1% Change in Net Yields for Q2 FY2025
“$35 million”
1% Change in Net Yields for FY2025
“$141 million”
1% Change in NCC excluding Fuel for Q2 FY2025
“$16 million”
1% Change in NCC excluding Fuel for FY2025
“$68 million”
1% Change in Currency for Q2 FY2025
“$5 million”
1% Change in Currency for FY2025
“$16 million”
10% Change in Fuel prices for Q2 FY2025
“$14 million”
10% Change in Fuel prices for FY2025
“$42 million”
100 basis pt. Change in SOFR for Q2 FY2025
“$1 million”
100 basis pt. Change in SOFR for FY2025
“$11 million”
Capital expenditures for FY2025
“approximately $5 billion”
Non-new ship related capital expenditures for FY2025
“$1.6 billion”
Capacity changes for FY2025
“5.5%”
Capacity change for FY2027
“5%”
Capacity changes for FY2026
“6%, 5%, and 6%, respectively”
Adjusted EPS compound annual growth rate (Pe… for the long term
“20%”
ROIC (Perfecta Program) for FY2027
“17% or higher”
Exhibit 99.1 · the passage around this item
… earlier in the release
2024 0.1% to 1.1% (0.1%) to 0.9% GUIDANCE Second Quarter 2025 Full Year 2025 APCDs 12.9 million 53.3 million Capacity change vs. 2024 5.8% 5.5% Depreciation and amortization $415 to $425 million $1,710 to $1,720 million Net Interest, excluding loss on extinguishment of debt $220 to $230 million $940 to $950 million Adjusted EPS $4.00 to $4.10 $14.55 to $15.55 SENSITIVITY Second Quarter 2025 Full Year 2025 1% Change in Net Yields $35 million $141 million 1% Change in NCC excluding Fuel $16 million $68 million Second Quarter 2025 Remainder of Year 2025 1% Change in Currency $5 million $16 million 10% Change in Fuel prices $14 million $42 million 100 basis pt. Change in SOFR $1 million $11 million Exchange rates used in guidance calculations GBP $1.34 AUD $0.64 CAD $0.72 EUR $1.15 2 Liquidity and Financing Arrangements As of March 31, 2025, the company’s liquidity position was $4.5 billion, which includes cash and cash equivalents and undrawn revolving credit facility capacity. During the quarter, the company was upgraded to investment grade by S&P Global Ratings, reflecting the strength of its financial position, consistent performance, and disciplined capital allocation strategy. Also during the quarter, the company entered into exchange agreements with holders of its 6.00% Convertible Senior Notes due 2025. In this transaction, the holders exchanged $213 million in aggregate principal amount of the 2025 Notes for 3.3 million shares of the company's common stock and $214 million in cash, incl
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.