Carnival Corporation & plc announced financial results for the fourth quarter and full year 2025, showcasing record achievements in net income and operating metrics.
The company surpassed guidance due to strong close-in demand and effective cost management, setting new milestones in various financial aspects.
Key highlights include record full year adjusted net income of $3.1 billion, all-time high operating income of $4.5 billion, and adjusted EBITDA of $7.2 billion.
The outstanding operational and financial performance of Carnival Corporation & plc in 2025 reflects a successful year of growth and efficiency.
Record Adjusted Net Income
In 2025, Carnival Corporation & plc achieved a record adjusted net income of $3.1 billion, representing a remarkable increase of over 60 percent and indicating strong financial performance.
Operating Income Milestone
The company reached an all-time high operating income of $4.5 billion during the 2025 fiscal year, demonstrating robust operational capabilities and financial strength.
Debt Metrics
Carnival Corporation & plc maintained a net debt to adjusted EBITDA ratio of 3.4x, meeting the investment grade criteria set by Fitch. This signifies the company's solid financial stability and prudent leverage management.
2026 Outlook
With a projected adjusted net income of $3.5 billion for 2026, Carnival Corporation & plc aims to surpass its 2025 performance levels, underscoring a trajectory of sustained growth and profitability.
- Carnival Corporation & plc's stellar performance in 2025 underscores a year of remarkable financial growth and operational efficiency, driven by a strategic focus on enhancing guest experiences and optimizing costs.
- The company's ability to achieve record-breaking net income and operating income amidst challenging market conditions showcases its resilience and adept strategic decision-making.
- Carnival Corporation & plc's success in exceeding guidance and setting new financial records highlights its position as a leader in the cruise industry, well-equipped to navigate market dynamics and capitalize on growth opportunities.
Carnival Corporation & plc's exceptional financial results for 2025, coupled with a positive outlook for 2026, position the company for continued growth and value creation in the competitive cruise industry landscape, reflecting its commitment to operational excellence and financial prudence.