---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-26-001220"
form_type: "8-K"
ticker: "NCLH"
cik: "0001513761"
company_name: "Norwegian Cruise Line Holdings Ltd."
filed_at: "2026-03-02T23:59:59+00:00"
generated_at: "2026-05-15T22:37:37.145392+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-26-001220
- form_type: 8-K
- ticker: NCLH
- cik: 0001513761
- company_name: Norwegian Cruise Line Holdings Ltd.
- filed_at: 2026-03-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1513761/000117184326001220/0001171843-26-001220-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1513761/000117184326001220/f8k_030226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-26-001220
- JSON: https://secwatch.observer/filing/0001171843-26-001220.json
- Plain text: https://secwatch.observer/filing/0001171843-26-001220.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.