Norwegian Cruise Line Holdings reported a record total revenue of $2.5bn for Q2 2025, marking a 6pc increase from Q2 2024, with a GAAP net income of $30m.
The company confirmed expansion plans for Great Stirrup Cay, including a six-acre waterpark to open in summer 2026, alongside previously announced facilities. Adjusted EBITDA for the quarter increased to $694m, surpassing guidance, with Adjusted EPS steady at $0.51 despite foreign exchange losses.
The company maintained its full-year 2025 guidance, expecting a 2.5pc increase in Net Yield on a Constant Currency basis and reaffirming an Adjusted EBITDA of approximately $2.72bn.
Mark Kempa noted the successful upsize of their Revolving Loan Facility to approximately $2.5bn and reduced Net Leverage to 5.3x, progressing toward their mid-4x goal for 2026.
Harry Sommer shared, “We delivered another record quarter, demonstrating once again the strong customer demand environment, the power of our brands, our outstanding onboard product, and the dedication of our team. We are also thrilled to unveil the next phase of the greatest private island experience in the Caribbean, Great Stirrup Cay.”
Mark A. Kempa shared, “We are pleased to have expanded our Revolving Loan Facility, further strengthening our liquidity position and enhancing financial flexibility. More importantly, we reduced Net Leverage to 5.3x in the second quarter, down from 5.7x in the first quarter.”
