In 2025, the US cruise group Norwegian Cruise Line Holdings (NCLH) reported record revenue of 9.83 billion dollars, value represents an increase of +3.7% on the previous annual year and was achieved thanks to to new historical peaks in both cruise sales and sales on board the group's ships whose values were amounting to €6.69 billion (+4.2%) and €3.14 billion respectively dollars (+2.5%). Operating costs, on the other hand, decreased by -0.9% dropping to 5.64 billion. New all-time highs have been marked also from the values of the gross operating margin and operating profit amounted to €2.46 billion (+2.1%) and €1.56 billion (+6.5%). The profit net, at $423.2 million, fell by -53.5% on 2024 determined by a sharp increase of +63.4% in non- operating that totaled 1.13 billion.

In the fourth quarter of 2025 alone, revenues amounted to 2.24 billion dollars, a value up by +6.4% that represents the new record for this time of year, with new peaks for this quarter and in cruise sales, equal to 1.51 billion (+7.2%), and sales on board ships, equal to 734.4 million (+4.8%). The value of EBITDA, equal to 528.8 million (+3.8%), is the highest of always for the period October-December. Operating profit is state of €186.6 million (-13.1%) and net profit of €14.2 million dollars, with a decline of -94.4% on which it weighs - as well as in the previous two quarters - a sharp increase in costs increased to $180.7 million (+68.9%).

In the whole of 2025, the group's fleet, operated through the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas brands Cruises, embarked a total of 3.0 million passengers (+2.4%), a number that constitutes a new all-time record, of which 787 thousand in the fourth quarter alone (+18.2%), a number that is the highest ever for the period.

The group announced that the entry in 2026 has been characterized by a situation of pressure relative to the level of bookings that is below the optimal level at cause - explained NCLH - of some execution errors in aligning trade policy with the use of fleet.