Thu, Feb 27, 5:38 PM (61 days ago)
NCL Corporation Ltd. (NCLC) reported a robust financial performance for the fiscal year ending December 31, 2024, with total revenue of $9,480,651, a 10.9% increase from $8,549,924 in 2023. The company achieved a net income of $706,624, a significant turnaround from a net loss of $(122,738) in the previous year. Operating income rose to $1,466,609, up from $931,993 in 2023, reflecting improved operational efficiencies and increased passenger demand. Key financial metrics include an Adjusted EBITDA of $2,451,507, up 31.7% from $1,861,813 in 2023. The company's operating expenses totaled $5,688,696, with notable increases in payroll and related costs due to new ship deliveries. NCLC maintained a working capital deficit of $5 billion, largely attributed to advance ticket sales of $3.1 billion. Strategically, NCLC is expanding its fleet, with 13 new ships planned for delivery between 2025 and 2036, enhancing its market position. However, the company faces risks from regulatory changes, environmental compliance, and global economic conditions. The restructuring of operations in Bermuda reflects an adaptation to OECD tax reforms. Overall, NCLC's liquidity remains strong, with approximately $2 billion available as of year-end 2024.