Carnival (US:CCL) Yahoo Finance·2025-12-31 16:56Financial Performance - Carnival Corporation & plc reported adjusted net income of $454 million in Q4 2025, translating to an adjusted EPS of $0.34, which is an increase of over 140% compared to 2024 and exceeded September guidance by more than $150 million [1] - Total revenues for Q4 2025 reached $6,330 million, up from $5,938 million in Q4 2024, driven by higher passenger ticket revenues and onboard and other revenues [2] - Full-year revenues for 2025 amounted to $26.6 billion, achieving record net yields in constant currency and surpassing guidance for the fourth time in 2025 due to strong close-in demand [2] Operational Efficiency - Fuel consumption per ALBD decreased by 5.6% in Q4 2025 compared to the previous year, reflecting the company's ongoing efforts and investments to reduce fuel consumption [3] - The company achieved a significant milestone by exceeding the investment grade leverage metric threshold, with a net debt to adjusted EBITDA ratio of 3.4x for 2025 [3] Future Outlook - The company anticipates adjusted net income to grow by approximately 12% in FY 2026 compared to the record year of 2025, despite less than 1% capacity growth [4]