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 |
|---|---|---|---|---|---|---|
| Total revenue | 283 | 125 | 168 | 154 | 233 | — |
| Cost of revenue | 149 | 98.0 | 77.9 | 58.6 | 55.7 | — |
| Gross profit | 134 | 26.8 | 89.6 | 95.7 | 177 | — |
| Selling, general and administrative | 20.8 | 19.9 | 16.8 | 17.6 | 17.0 | — |
| Operating income | 114 | 7.8 | 65.1 | 79.7 | 163 | — |
| EBIT | 112 | 17.3 | 57.8 | 79.3 | 168 | — |
| EBITDA | 159 | 56.4 | 91.6 | 108 | 193 | — |
| Interest expense | 18.4 | 24.2 | 7.8 | 12.5 | -0.5 | — |
| Pre-tax income | 93.7 | -6.9 | 49.9 | 66.8 | 168 | — |
| Income tax | -1.3 | 0.2 | 2.1 | 2.2 | 2.2 | — |
| Net income | 95.0 | -7.0 | 47.8 | 64.6 | 166 | — |
| Net income to common shareholders | 95.0 | -7.0 | 47.8 | 64.6 | 166 | — |
| Basic EPS | — | -0.02 | — | — | — | 0.01 |
| Diluted EPS | — | -0.02 | — | — | — | 0.01 |
| Average shares (basic) | — | 352 | — | — | — | 351 |
| Average shares (diluted) | — | 352 | — | — | — | 351 |