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 assets | 3,417 | 1,937 | 1,253 | 670 | — |
| Current assets | 390 | 181 | 147 | 59.5 | — |
| Cash and equivalents | 152 | 51.3 | 96.6 | 19.0 | — |
| Receivables | 221 | 101 | 39.4 | 38.2 | — |
| Inventory | 3.5 | 1.0 | 1.8 | 0.5 | — |
| Net property, plant and equipment | 2,950 | 1,723 | 1,087 | 606 | — |
| Goodwill | 17.8 | 17.8 | 16.7 | — | — |
| Other intangible assets | 1.7 | 0.4 | 0.2 | 0.4 | — |
| Current liabilities | 351 | 124 | 53.6 | 11.8 | — |
| Accounts payable | 22.4 | 11.6 | 8.4 | 4.0 | — |
| Long-term debt | 1,495 | 540 | 205 | 114 | — |
| Total debt | 1,624 | 582 | 207 | 115 | — |
| Total liabilities | 1,913 | 703 | 294 | 129 | — |
| Total equity (incl. minority) | 1,504 | 1,234 | 959 | 541 | — |
| Retained earnings | 342 | 59.4 | -7.4 | 3.1 | — |