CARNIVAL CORPORATION & PLC ACHIEVES RECORD FULL YEAR ADJUSTED NET INCOME AND INVESTMENT GRADE LEVERAGE METRICS, REINSTATES DIVIDEND

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[{"type":"text","content":"Outperforms guidance due to strong close-in demand and effective cost management","length":80,"tagName":"p","attribs":{}},{"type":"text","content":"MIAMI, Dec. 19, 2025 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced financial results for the fourth quarter and full year 2025 and provided an outlook for the first quarter and full year 2026.","length":230,"tagName":"p"},{"type":"text","content":"Key Highlights","length":14,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Full year net income of $2.8 billion with record adjusted net income1 of $3.1 billion, up over 60 percent.","length":106,"tagName":"p"}]},{"val":[{"type":"text","content":"Full year record revenues of $26.6 billion on record net yields1 (in constant currency), outperforming guidance for the fourth time in 2025 due to strong close-in demand.","length":170,"tagName":"p"}]},{"val":[{"type":"text","content":"All-time high full year operating income of $4.5 billion, up 25 percent compared to the prior year.","length":99,"tagName":"p"}]},{"val":[{"type":"text","content":"Record full year adjusted EBITDA1 of $7.2 billion, up over $1 billion compared to the prior year. ","length":97,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted return on invested capital1 ("ROIC") exceeds 13 percent.","length":75,"tagName":"p"}]},{"val":[{"type":"text","content":"Net debt to adjusted EBITDA1 ratio of 3.4x and recognized by Fitch as investment grade.","length":87,"tagName":"p"}]},{"val":[{"type":"text","content":"Cumulative advanced booked position for 2026 remains in line with 2025 record levels at historical high prices (in constant currency1).","length":135,"tagName":"p"}]},{"val":[{"type":"text","content":"Full year 2026 adjusted net income expected to be $3.5 billion, surpassing record 2025 levels.","length":94,"tagName":"p"}]},{"val":[{"type":"text","content":"Proposes unifying the dual-listed framework to streamline governance and reporting.","length":83,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":946,"olType":false},{"type":"text","content":""2025 was a truly phenomenal year. We set new records across our business, achieved investment grade leverage metrics and, as announced just today, reinstated our dividend. These milestones reflect the collective strength of our cruise li...

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