Welcome to our dedicated page for Norwegian Cruise Line Hldg SEC filings (Ticker: NCLH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Norwegian Cruise Line Holdings Ltd. filings document the regulatory record for a Bermuda-incorporated cruise operator whose ordinary shares trade on the New York Stock Exchange under NCLH. Reports and exhibits cover operating results, financial condition, liquidity, guidance, fleet deliveries, brand investments and capital commitments tied to Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises.
Proxy and current reports disclose annual meeting mechanics, shareholder voting matters, board composition, executive appointments and compensation arrangements, cooperation agreements and other governance events. The filings also identify the company’s ordinary share class, Exchange Act registration details, business disclosures and material events affecting its cruise brands and corporate structure.
Norwegian Cruise Line Holdings Ltd. senior vice president and chief accounting officer Faye L. Ashby reported three tax-withholding share dispositions of common stock. On March 1, 2026, a total of 8,213 shares were withheld by the company at $24.79 per share to cover tax obligations tied to vesting restricted share units granted in 2023, 2024, and 2025. After these non-market transactions, Ashby directly held 122,157 common shares.
Norwegian Cruise Line Holdings describes a large, multi-brand cruise business with 34 ships and about 71,400 berths as of December 31, 2025, sailing worldwide under the Norwegian, Oceania Cruises and Regent brands. The company targets upscale travelers and emphasizes differentiated onboard experiences for each brand.
A long-term growth plan centers on 17 additional ships scheduled for delivery from 2026 through 2037 across new Prima, Sonata and Prestige classes, alongside selective ship disposals and charter arrangements for older vessels. Management highlights a strategy focused on disciplined fleet expansion, balance sheet optimization and a broad sustainability program, Sail & Sustain, which is overseen at board level and aligned with tightening global environmental rules.
The report outlines extensive regulatory, tax and environmental frameworks affecting operations, including MARPOL emissions limits, U.S. and EU discharge and climate rules, and Bermuda’s new 15% corporate income tax with an international shipping income exclusion. It also details significant debt-related risk factors, noting reliance on covenant compliance, access to future financing and potential consequences if liquidity or refinancing needs are not met.
Norwegian Cruise Line Holdings reported fourth quarter and full year 2025 results and issued 2026 guidance. Full year 2025 revenue rose 3.7% to $9.8 billion. GAAP net income was $423.2 million, down from $910.3 million, while Adjusted EBITDA increased 11% to $2.73 billion and Adjusted EPS grew 19% to $2.11.
Fourth quarter 2025 revenue grew 6% to $2.2 billion, but GAAP net income declined to $14.3 million from $254.5 million. Net leverage stood at 5.3x with total debt of $14.6 billion. Occupancy reached 101.8% in the quarter and 103.5% for the year, and is expected to rise further in 2026.
For 2026, the company targets Adjusted EBITDA of about $2.95 billion and Adjusted EPS of $2.38, with Net Yield roughly flat and Adjusted Net Cruise Cost excluding fuel up modestly. Management is focused on execution, cost discipline and gradual deleveraging, while investing in new ships and private island enhancements.
Norwegian Cruise Line Holdings reported an equity award for its EVP & CFO, Mark Kempa. He acquired 132,100 shares of common stock at a price of $0.00 per share through a grant classified as a restricted share unit award. After this transaction, his directly held common stock position increased to 501,452 shares.
The award relates to restricted share units granted on March 1, 2023 under the company’s Amended and Restated 2013 Performance Incentive Plan. These units were originally tied to performance hurdles. The Compensation Committee determined the performance achievement level on February 24, 2026, and the units are scheduled to vest on March 1, 2026.
Norwegian Cruise Line Holdings Ltd. executive Patrik Dahlgren reported an acquisition of 90,252 shares of common stock through a restricted share unit award at a price of $0.00 per share, bringing his direct holdings to 235,069 shares.
The award represents restricted share units granted on July 5, 2023 under the company’s Amended and Restated 2013 Performance Incentive Plan. The Compensation Committee determined the performance condition achievement level on February 24, 2026, and these units are scheduled to vest on March 1, 2026, with each unit delivering one share upon vesting.
Norwegian Cruise Line Holdings Ltd. reported that EVP and General Counsel Daniel S. Farkas acquired 132,100 shares of common stock through a grant/award of restricted share units at a price of $0.00 per share. Each restricted share unit represents the right to receive one share upon vesting. These units were originally granted on March 1, 2023 under the company’s Amended and Restated 2013 Performance Incentive Plan and were subject to performance hurdles. The Compensation Committee determined the performance achievement level on February 24, 2026, and the restricted share units are scheduled to vest on March 1, 2026. Following this award, Farkas directly holds 447,367 shares.
Norwegian Cruise Line Holdings Ltd. appointed board member John W. Chidsey as President and Chief Executive Officer, effective immediately, succeeding Harry Sommer, who resigned as CEO and director as part of a strategic leadership change. The board reduced its size from nine to eight after his departure.
The company expects its fourth quarter 2025 Net Yield to be around the midpoint of its previously disclosed range and anticipates core quarterly and full year 2025 results will be in line with guidance issued on November 4, 2025. Detailed results are scheduled for release on March 2, 2026.
Norwegian Cruise Line Holdings Ltd. appointed board member John W. Chidsey as President and Chief Executive Officer, effective immediately, succeeding Harry Sommer, who resigned as CEO and director as part of a strategic leadership change. The board reduced its size from nine to eight after his departure.
The company expects its fourth quarter 2025 Net Yield to be around the midpoint of its previously disclosed range and anticipates core quarterly and full year 2025 results will be in line with guidance issued on November 4, 2025. Detailed results are scheduled for release on March 2, 2026.
Norwegian Cruise Line Holdings Ltd. officer Marc Kazlauskas filed an initial insider ownership report on Form 3 as of 01/19/2026. He is identified as President of Norwegian Cruise Line and indicates that no securities are beneficially owned at this time. The filing is signed by an attorney-in-fact under a power of attorney dated 01/20/2026, confirming his current status and lack of reported holdings in the company’s securities.
Norwegian Cruise Line Holdings Ltd. director Linda P. Jojo reported a grant of 13,169 restricted share units of common stock, effective 01/02/2026, at a price of $0 per unit. Each restricted share unit represents the right to receive one share of common stock upon vesting.
The grant was made under the company’s Amended and Restated 2013 Performance Incentive Plan and will vest in a single installment on January 4, 2027. Following this award, Jojo beneficially owns 20,871 shares of Norwegian Cruise Line Holdings Ltd. common stock in direct ownership.
Norwegian Cruise Line Holdings Ltd. director Mary E. Landry reported an equity award in the form of restricted share units tied to the company’s common stock. On 01/02/2026, she received 8,779 restricted share units at a price of $0, recorded as an acquisition of common stock for reporting purposes.
Each restricted share unit represents the right to receive one share of Norwegian Cruise Line Holdings Ltd. common stock upon vesting. The grant was made under the company’s Amended and Restated 2013 Performance Incentive Plan and will vest in a single installment on January 4, 2027. Following this award, Landry beneficially owns 66,653 shares of the company’s common stock in direct form.