NCL. Photo: shutterstock The shipping giant Norwegian Cruise Line Holdings (symbol: NCLH) reports its financial results for the fourth quarter of 2024, stating that strong demand led to an 11% increase in revenues last year.
According to the report, the company's revenues amounted to $9.5 billion, an increase of 11% compared to 2023.
The net profit stood at $910.3 million, marking a dramatic increase of 448% compared to 2023, while the net profit per share increased by 386% to $1.89.
The EBITDA for 2024 also grew by 32%, reaching a record of $2.45 billion compared to $1.86 billion in 2023. The total debt stood at $13.1 billion and the net leverage was 5.3 times as of December 31, 2024, a reduction of two rounds from December 31, 2023, with net cash provided from operating activities of $2.0 billion.
The company also reported that the adjusted EBITDA for 2025 is expected to be $2.72 billion, or an 11.0% increase compared to 2024. The net profit for 2025 is expected to be $1.07 billion while the earnings per share is expected to be $2.05.
Harry Sommer, President and CEO of Norwegian Cruise Line Holdings Ltd: "2024 was marked by strategic milestones for Norwegian Cruise Line Holdings. From the launch of our course branding strategy, the announcement of a new ambitious construction plan, and the construction of our Great Stirrup Cay dock, to the successful execution of our brand initiatives and new guest experiences across our portfolio, we laid a solid foundation for an exciting future. Exceptional financial performance with record revenues, growth in net returns, and adjusted EBITDA allowing us to further strengthen our balance sheet and reduce our net leverage by two complete rounds. Through disciplined cost management and by capitalizing on strong demand, we remain confident in achieving our 2026 goals."
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