Q3 2025 Earnings Presentation November 19, 2025 Colors 176 6 48 0 46 94 69 99 126 129 129 129 174 174 174 220 220 220 Disclaimers and additional information Forward-looking statements Certain statements in this presentation constitute "forward-looking statements" within the meaning of the U.S. federal securities laws intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statementsinclude, but are not limited to, all ...

Financial Performance - Total revenue for Q2 2025 reached $1880 million, compared to $1587 million in Q2 2024[28] - Adjusted Gross Margin for Q2 2025 was $1237 million, up from $1038 million in Q2 2024[28] - Net income for Q2 2025 was $439 million, significantly higher than the $160 million reported in Q2 2024[28] - Adjusted EBITDA for Q2 2025 was $633 million, compared to $493 million in Q2 2024[28] - Net Yield was $607 in Q2 2025, compared to $562 in Q2 2024[28] Bookings and Capacity - 2025 Advance Bookings reached $5600 million, showing a 21% growth[41] - 2026 Advance Bookings amounted to $3900 million, reflecting a 13% growth[43] - 96% of 2025 Capacity Passenger Cruise Days (PCD) have been sold[41] - 55% of 2026 Capacity Passenger Cruise Days (PCD) have been sold[43] Fleet and Expansion - The company has 85 River vessels, 12 Ocean ships, and 2 Expedition ships[19] - The company is expanding in destinations like the Nile, Mekong, and Brahmaputra rivers[22]