Carnival plc Publishes 2025 Annual Report

Reuters
Feb 27
Carnival plc Publishes 2025 Annual Report

Carnival plc published its annual report for the year ended November 30, 2025. The report highlights continued operational momentum, with record booking trends and higher year-end customer deposits, alongside progress on balance sheet strengthening through refinancing and debt reduction, and the reinstatement of the company’s dividend. It also outlines business developments including the launch of the Celebration Key exclusive destination in The Bahamas, planned expansions at other owned destinations in 2026, and the sunset of the P&O Cruises (Australia) brand with its operations folded into Carnival Cruise Line. In addition, the company’s boards recommended unifying the dual listed company structure under Carnival Corporation as a single corporate entity, subject to shareholder and regulatory approvals, with completion targeted for the second quarter of 2026. The full report can be accessed through the link below.

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