CARNIVAL CORPORATION & PLC TOPS GUIDANCE ACHIEVING HIGHEST-EVER SECOND QUARTER OPERATING RESULTS AND EXCEEDING 2026 SEA CHANGE FINANCIAL TARGETS 18 MONTHS EARLY

About this update from Carnival Corporation Ltd.

[{"type":"text","content":"MIAMI, June 24, 2025 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced financial results for the second quarter 2025 and provided an updated outlook for the full year and an outlook for the third quarter 2025.","length":248,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Exceeded 2026 SEA Change financial targets 18 months early, with adjusted return on invested capital ("ROIC")1,2 and adjusted EBITDA per available lower berth day ("ALBD")1,2 reaching the highest levels in nearly two decades. ","length":250,"tagName":"p"}]},{"val":[{"type":"text","content":"Improved second quarter net income by nearly $475 million and adjusted net income1 more than tripled compared to 2024, outperforming March guidance by $185 million.","length":164,"tagName":"p"}]},{"val":[{"type":"text","content":"Delivered record second quarter revenues of $6.3 billion with record net yields1 (in constant currency) significantly outperforming March guidance due to strength in both close-in demand and onboard revenues.","length":208,"tagName":"p"}]},{"val":[{"type":"text","content":"Cumulative advanced booked position for 2026 is in line with 2025 record levels and at historical high prices (in constant currency).","length":133,"tagName":"p"}]},{"val":[{"type":"text","content":"Achieved all-time high customer deposits of $8.5 billion.","length":57,"tagName":"p"}]},{"val":[{"type":"text","content":"Extended and upsized its revolver capacity to $4.5 billion in June, a 50 percent increase.","length":90,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":902,"olType":false},{"type":"text","content":"According to Carnival Corporation & plc's Chief Executive Officer Josh Weinstein, "Our amazing team delivered yet another phenomenal quarter, more than tripling adjusted net income driven by record net yields (in constant currency) and strong close-in demand. We also remain on track for a strong 4 percent net yield growth in the second half, consistent with what we forecasted back in December which was before the complex macroeconomic and geopolitical backdrop we have all experienced in the last few months. Combined, this has enabled us to raise full year guidance again."","length":596,"tagName":"p"},{"type":"text","content":""On top of this, thanks...

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