Norwegian Cruise Line Holdings has announced its financial results for the second quarter ending June 30, 2025, showcasing strong growth and promising future developments. The cruise line achieved a record revenue of $2.5 billion for the quarter, reflecting a 6% increase compared to the same period in 2024. The company reported a GAAP net income of $30 million, translating to earnings per share (EPS) of $0.07, despite facing notable foreign exchange losses that influenced overall profits.
Adjusted EBITDA reached $694 million, which surpassed expectations, while adjusted EPS stood at $0.51. This performance came in light of an $0.08 foreign exchange impact, indicating resilient operational success despite external challenges. The company reaffirmed its full-year 2025 guidance across all significant metrics, signaling strong management confidence.
In line with its expansion strategy, Norwegian Cruise Line unveiled ambitious plans for the enhancement of Great Stirrup Cay, its private island destination in the Bahamas, which will see the addition of a nearly six-acre waterpark featuring 19 slides and various family-friendly amenities set to open by summer 2026. Furthermore, the delivery of the new luxury ship Oceania Allura complements this strategy, ensuring the company remains competitive in the evolving cruise market.
Harry Sommer, the CEO, emphasized the strong demand for cruise services across all brand offerings, stating that bookings have progressed past historical levels in recent months. The rebound in customer demand, coupled with a focus on onboard spending, has positioned Norwegian Cruise Line favorably for future growth.
Regarding overall financial health, the company strengthened its liquidity position by expanding its senior secured Revolving Loan Facility from $1.7 billion to approximately $2.5 billion, and reduced its net leverage to 5.3x as of June 30, reflecting ongoing efforts to stabilize and optimize its financial standing.
Looking ahead, the company maintains an optimistic outlook, with full-year 2025 guidance indicating a continued increase in net yield and adjusted EBITDA, amidst a robust booking environment. The advance ticket sales balance reached a record high of $4 billion, showcasing encouraging forward momentum.
As Norwegian Cruise Line continues to expand and innovate, the future appears bright. With strategic growth plans and strong operational performance, the company is set to enhance the cruising experience for travelers while ensuring long-term value for stakeholders.