This document presents the Royal Caribbean Group's second-quarter 2025 financial results, highlighting their better-than-expected performance and subsequent increase in full-year guidance. Key financial metrics such as Earnings per Share (EPS), Net Yields, and Net Cruise Costs are detailed, along with year-over-year comparisons. The report also provides outlook for the third quarter and full year 2025, including projected capacity changes, capital expenditures, and fuel expenses. Furthermore, it outlines the company's strong liquidity position and recent achievement of investment-grade credit ratings, emphasizing continued demand acceleration and strategic investments in new ships and destinations.

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