Norwegian Cruise Line(US:NCLH)2025-11-04 13:00Q3 2025 Financial Highlights - Adjusted EBITDA reached $1.019 billion, exceeding guidance of approximately $1.015 billion, a 220 bps increase compared to Q3 2024[7] - Adjusted EPS was $1.20, surpassing the guidance of $1.14[7] - Net Yield increased by 1.5%, aligning with guidance[7] - Adjusted Net Cruise Cost ex Fuel per Capacity Day was $155, a slight decrease of 0.1% compared to 2024 and in line with guidance[7] - Net Leverage ended the quarter at 5.4x[7] Strategic Initiatives and Outlook - The company is focusing on enhancing family appeal and experience, firmly positioning as luxury, and maintaining leadership position in ultra-luxury[11] - The company expects load factor to increase to approximately 105%+ in 2026[21] - The company is targeting approximately $200 million+ in cumulative total savings by the end of 2025 and is confident in delivering $300 million+ target through 2026[43] - Q4 2025 occupancy is guided at approximately 101.9% and full year 2025 occupancy is guided at approximately 103.5%[39] - The company's debt portfolio is 92% fixed rate, at a weighted average interest rate of approximately 4.1%[50]