HighGravityDataRoyal Caribbean Cruises — Oct 28, 2025 release
Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000884887-25-000146
Showing in the filing
Quarterly dividend per common share
“$1.00 per common share”
Period
No period stated
Measure
Declared action
Source
Prose
All guidance in this release · 64
Adjusted EPS for FY2025
“$15.58 to $15.63, representing 32% year-over-year growth”
Adjusted EPS year-over-year growth for FY2025
“32% year-over-year growth”
Earnings per share for FY2026
“a $17 handle”
NCC, excluding Fuel, per APCD for FY2025
“expected to increase approximately 0.1% as-reported and decline approximately (0.1%) in Constant Currency”
NCC, excluding Fuel, per APCD (Constant Curr… for FY2025
“approximately (0.1%)”
Net Cruise Costs per APCD ex. Fuel vs. 2024 … for FY2025
“Approximately (0.1%)”
Capacity increase for Q4 FY2025
“10.3%”
Net Yields for Q4 FY2025
“expected to increase 2.6% to 3.1% as-reported and 2.2% to 2.7% in Constant Currency”
Net Yields (as-reported) for Q4 FY2025
“2.6% to 3.1%”
Net Yields vs. 2024 (As-Reported) for Q4 FY2025
“2.6% to 3.1%”
Net Yields (Constant Currency) for Q4 FY2025
“2.2% to 2.7%”
Net Yields vs. 2024 (Constant Currency) for Q4 FY2025
“2.2% to 2.7%”
NCC, excluding Fuel, per APCD for Q4 FY2025
“expected to decrease (6.2%) to (5.7%) as-reported and (6.6%) to (6.1%) in Constant Currency”
Land-based destination portfolio count for FY2028
“two to eight”
Fuel expense included in for Q4 FY2025
“$286 million”
Forecasted fuel consumption for Q4 FY2025
“438,000 metric tons”
Forecasted consumption hedged via swaps for FY2025
“68%”
Forecasted fuel consumption hedged via swaps for Q4 FY2025
“68%”
Percent Hedged (fwd. consumption) for Q4 FY2025
“68%”
Forecasted consumption hedged via swaps for FY2026
“60%”
Forecasted consumption hedged via swaps for FY2027
“47%”
Forecasted consumption hedged via swaps for FY2028
“26%”
Annual average cost per metric ton of hedge … for FY2025
“$480”
Annual average cost per metric ton of hedge … for FY2026
“$474”
Annual average cost per metric ton of hedge … for FY2027
“$393”
Annual average cost per metric ton of hedge … for FY2028
“$416”
Fuel Consumption (metric tons) for Q4 FY2025
“438,000”
Fuel Consumption (metric tons) for FY2025
“1,712,000”
Fuel Expenses for Q4 FY2025
“$286 million”
Fuel Expenses for FY2025
“$1,140 million”
NCC, excluding Fuel, per APCD (Constant Curr… for Q4 FY2025
“(6.6%) to (6.1%)”
Net Cruise Costs per APCD ex. Fuel vs. 2024 … for Q4 FY2025
“(6.6%) to (6.1%)”
Net Cruise Costs per APCD vs. 2024 (Constant… for Q4 FY2025
“(6.9%) to (6.4%)”
NCC, excluding Fuel, per APCD (as-reported) for Q4 FY2025
“(6.2%) to (5.7%)”
Net Cruise Costs per APCD ex. Fuel vs. 2024 … for Q4 FY2025
“(6.2%) to (5.7%)”
Net Yields (as-reported and Constant Currency) for FY2025
“3.5% to 4.0%”
Net Yields vs. 2024 (Constant Currency) for FY2025
“3.5% to 4.0%”
Net Cruise Costs per APCD vs. 2024 (As-Repor… for FY2025
“Approximately (1.0%)”
Net Cruise Costs per APCD vs. 2024 (Constant… for FY2025
“Approximately (1.2%)”
APCDs for Q4 FY2025
“14.0 million”
APCDs for FY2025
“53.3 million”
Capacity change vs. 2024 for Q4 FY2025
“10.3%”
Depreciation and amortization for Q4 FY2025
“$445 to $455 million”
Depreciation and amortization for FY2025
“$1,705 to $1,715 million”
Net Interest, excluding loss on extinguishme… for Q4 FY2025
“$245 to $255 million”
Net Interest, excluding loss on extinguishme… for FY2025
“$945 to $955 million”
Adjusted EPS for Q4 FY2025
“$2.74 to $2.79”
1% Change in Net Yields for Q4 FY2025
“$34 million”
1% Change in Net Yields for FY2025
“$141 million”
1% Change in NCC excluding Fuel for Q4 FY2025
“$19 million”
1% Change in NCC excluding Fuel for FY2025
“$68 million”
1% Change in Currency for Q4 FY2025
“$5 million”
10% Change in Fuel prices for Q4 FY2025
“$13 million”
100 basis pt. Change in SOFR for Q4 FY2025
“$1 million”
Quarterly dividend increase
“33%”
Quarterly dividend per common share
“$1.00 per common share”
Capital expenditures for FY2025
“approximately $5 billion”
Non-new ship related capital expenditures for FY2025
“approximately $1.5 billion”
Capacity changes vs. 2024 for FY2025
“5.5%”
Capacity changes for FY2028
“6%”
Capacity changes for FY2026
“6%”
Capacity changes for FY2027
“4%”
Perfecta Program Adjusted EPS CAGR target for the long term
“20% compound annual growth rate in Adjusted EPS compared to 2024”
Perfecta Program ROIC target for FY2027
“17% or higher”
Exhibit 99.1 · the passage around this item
… earlier in the release
As of September 30, 2025, approximately $345 million remained available for repurchase under the current authorization. In September, the board of directors authorized a 33% increase to the company's quarterly dividend to $1.00 per common share. Since July 2024, the company has returned $1.6 billion of capital to shareholders through dividends and share repurchases. In October 2025, the company issued $1.5 billion of 5.375% senior unsecured notes due 2036. Proceeds were used to opportunistically finance the delivery of Celebrity Xcel at a lower cost, as well as refinance other debt. In conjunction with the offering, S&P Global Ratings revised its outlook on Royal Caribbean Group to Positive and affirmed its BBB- rating, while Fitch Ratings upgraded the company’s credit rating to BBB with a Stable outlook. These actions reflect continued progress in strengthening the balance sheet, consistent performance, and disciplined capital allocation. "We believe our strong balance sheet allows us the flexibility to continue to invest in growth and innovation, expand capital return to shareholders, and maintain investment grade balance sheet metrics," said Naftali Holtz, chief financial officer, Royal Caribbean Group. The company noted that as of June 30, 2025, the scheduled debt maturities for the remainder of 2025, 2026, 2027, and 2028 were $0.5 billion, $3.1 billion, $2.7 billion and $3.2 billion, respectively. Capital Expenditur
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.