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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | 37.3 | 42.2 | 109 | 214 | 51.1 | — |
| Depreciation and amortization | 47.2 | 39.1 | 33.9 | 29.1 | 25.7 | — |
| Capital expenditure | -41.5 | -91.2 | -306 | -258 | -206 | — |
| Investing cash flow | -42.9 | -90.7 | -333 | -258 | -206 | — |
| Financing cash flow | -9.9 | 119 | 162 | 209 | 114 | — |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — |
| Share repurchases | — | — | 0.0 | 0.0 | — | — |
| Debt issued | — | — | 427 | 239 | 149 | 495 |
| Debt repaid | -68.9 | -31.2 | -239 | -17.1 | -16.5 | — |
| Effect of exchange rates | 0.4 | -0.7 | 2.7 | 0.0 | — | 0.0 |
| Net change in cash | -15.5 | 70.3 | -61.6 | 165 | -41.1 | — |
| Free cash flow | -4.2 | -49.0 | -197 | -44.1 | -155 | — |