Cadeler revenue and financials
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In the fiscal year ended December 2025, Cadeler reported revenue of €620.35M (+149.40% year over year). Net income was €280.18M, a net margin of 45.2%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +149.40%
- 2025 vs 2024
- Net income growth
- +330.60%
- 2025 vs 2024
- Net margin
- 45.2%
- 2024: 26.2%
Financial data
Amounts in millions of EUR; per-share values in EUR; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | 620 | 249 | 109 | 106 | — |
| Cost of revenue | 237 | 124 | 59.9 | 49.5 | — |
| Gross profit | 384 | 125 | 48.8 | 56.9 | — |
| Selling, general and administrative | 67.6 | 51.6 | 25.1 | 13.9 | — |
| Operating income | 313 | 69.4 | 22.2 | 41.2 | — |
| EBIT | 310 | 70.3 | 14.4 | 37.1 | — |
| EBITDA | 417 | 127 | 37.4 | 59.8 | — |
| Interest expense | 22.0 | 2.8 | 2.9 | 1.5 | — |
| Pre-tax income | 288 | 67.5 | 11.5 | 35.5 | — |
| Income tax | 7.7 | 2.4 | 0.0 | 0.0 | — |
| Net income | 280 | 65.1 | 11.5 | 35.5 | — |
| Net income to common shareholders | 280 | 65.1 | 11.5 | 35.5 | — |
| Basic EPS | 0.79 | 0.19 | 0.06 | 0.22 | — |
| Diluted EPS | 0.79 | 0.19 | 0.06 | 0.22 | — |
| Average shares (basic) | 351 | 346 | 201 | 163 | — |
| Average shares (diluted) | 355 | 347 | 203 | 164 | — |