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 |
|---|---|---|---|---|---|
| Operating cash flow | 394 | 93.1 | 63.4 | 29.0 | — |
| Depreciation and amortization | 108 | 56.6 | 23.0 | 22.7 | — |
| Capital expenditure | -1,237 | -616 | -66.9 | -225 | — |
| Investing cash flow | -1,264 | -623 | -54.7 | -225 | — |
| Financing cash flow | 968 | 482 | 70.3 | 213 | — |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | — |
| Share repurchases | -1.7 | -1.3 | 0.0 | 0.0 | — |
| Debt issued | 1,309 | 366 | 200 | 130 | — |
| Debt repaid | -281 | -12.6 | -116 | -90.3 | — |
| Effect of exchange rates | 2.7 | 2.5 | -1.3 | 0.0 | — |
| Net change in cash | 97.7 | -47.9 | 78.9 | 16.7 | — |
| Free cash flow | -843 | -523 | -3.5 | -196 | — |