Norwegian Cruise Line Holdings said total revenue for the 3 months ended September 30, 2025 was $2.9 billion, up from $2.8 billion in the prior-year period, citing increased Capacity Days from the delivery of Norwegian Aqua in March 2025 and Oceania Allura in July 2025.

1. 01

   Norwegian Cruise Line Holdings said total revenue for the 3 months ended September 30, 2025 was $2.9 billion, up from $2.8 billion in the prior-year period, citing increased Capacity Days from the delivery of Norwegian Aqua in March 2025 and Oceania Allura in July 2025.

2. 02

   The company said interest expense, net for the three months ended was $328.8 million, compared with $175.2 million in the prior year, reflecting losses of $154.5 million from debt extinguishment and debt modification. For the nine months ended, interest expense, net was $783.5 million, compared with $571.9 million in the prior year.

3. 03

   As of September 30, 2025, Norwegian Cruise Line Holdings said its liquidity was approximately $1.8 billion, consisting of cash and cash equivalents of $166.8 million and $1.6 billion available under its Revolving Loan Facility. The company concluded it has sufficient liquidity to satisfy its obligations for at least the next 12 months.

4. 04

   Norwegian Cruise Line Holdings said net cash provided by operating activities for the 9 months ended 2025 was $1.6 billion, net cash used in investing activities was $2.8 billion and net cash provided by financing activities was $1.2 billion. Expected capital expenditures for newbuilds and growth were $0.4 billion for the remainder of 2025 and $2.7 billion for 2026 through 2027.

Key figures

Quarter ended September 30, 2025

Revenue

$2.9B

Operating income

$749M

Net income

$419M

EPS

$0.86

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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