NCLH reports FY2025 Adj. EPS $2.11, guides FY2026 Adj. EPS $2.38; new CEO Chidsey

Norwegian Cruise Line Holdings Ltd.

FY2025 revenue $9.8B (+3.7%), GAAP net income $423.2M ($0.92 EPS), Adj. EBITDA $2.73B (+11% YoY).
Q4 2025 Adj. EBITDA $564M (+20%), Adj. EPS $0.28, beating guidance of $0.27.
FY2026 guidance: Adj. EPS $2.38, Net Yield flat (CC), Adj. EBITDA ~$2.95B, Net Leverage ~5.2x.
John Chidsey, former board member, appointed President & CEO in February 2026.
Ordered three new ships (one per brand) for delivery 2036/2037; booking environment pressured near-term.

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