Cadeler Reports Exceptional 2025 Results with Doubled Fleet, Soaring Revenue & Profit, Strong 2026 Outlook
CDLR sits 44% above its 52-week low of $15.37.
Summary
Cadeler A/S released its 2025 Annual Report, detailing exceptional financial results with revenue more than doubling to EUR 620.4 million and net profit tripling to EUR 280.2 million, supported by a doubled fleet and a strong outlook for 2026.
Key Events · Earnings and Guidance · CDLR
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Record-Breaking Financial Performance
Cadeler reported 2025 revenue of EUR 620.4 million, a 149% increase from 2024, and net profit of EUR 280.2 million, a 330% increase year-over-year. EBITDA also surged to EUR 425.3 million.
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Significant Fleet Expansion
The company doubled its operating fleet capacity in 2025, growing from five to ten vessels, with five new vessels delivered on or ahead of schedule.
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Strong Order Backlog Growth
The contract backlog, including options, increased to EUR 2.827 billion as of March 24, 2026, providing strong long-term revenue visibility.
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Positive 2026 Outlook
Cadeler projects 2026 revenue between EUR 854 million and EUR 944 million, and EBITDA between EUR 420 million and EUR 510 million, indicating continued growth.
Analysis · CDLR · Energy & Transportation
Cadeler A/S has published its 2025 Annual Report, providing full details of the exceptional financial and operational performance previously summarized in earlier alerts today. The company achieved a significant increase in revenue, more than doubling to EUR 620.4 million in 2025 from EUR 248.7 million in 2024. Net profit saw an even more dramatic rise, tripling to EUR 280.2 million from EUR 65.1 million in the prior year. This strong performance was primarily driven by a substantial fleet expansion, which saw the number of operating vessels double from five to ten in 2025. The company also reported a robust order backlog, growing to EUR 2.827 billion as of March 24, 2026, up from EUR 2.336 billion at the end of 2024. Looking ahead, Cadeler provides a positive outlook for 2026, projecting revenue between EUR 854 million and EUR 944 million, and EBITDA in the range of EUR 420 million to EUR 510 million, reinforcing its leading position in the offshore wind market.
At the time of this filing, CDLR was trading at $22.11 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2B. The 52-week trading range was $15.37 to $26.79. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.