Carnival reports record FY2025 adjusted net income $3.1B, reinstates dividend, guides FY2026 $3.5B

CARNIVAL PLC

FY adjusted net income $3.1B (+60% YoY) on record revenue $26.6B; adjusted EBITDA $7.2B.
Q4 adjusted EPS $0.34 (+140% YoY), beating guidance; Q4 revenue $6.3B (+$400M).
Reinstates dividend after suspension (amount and record date not disclosed).
Net debt/adjusted EBITDA 3.4x; Fitch investment grade; proposes dual-listed unification.
FY2026 adjusted net income guided to $3.5B; cumulative bookings at record prices.

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