Cadeler Reports Record 2025 Financials, Doubles Fleet, and Issues Strong 2026 Guidance
CDLR sits 44% above its 52-week low of $15.37.
Summary
Cadeler reported exceptional 2025 financial results, marked by a doubled fleet and significant increases in revenue and profitability, alongside a strong 2026 outlook and growing contract backlog.
Key Events · Earnings and Guidance · CDLR
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Record 2025 Financial Performance
Revenue surged to EUR 620 million (up 149%), EBITDA to EUR 425 million (up 237%), and net profit to EUR 280 million (up 330%) year-over-year.
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Doubled Fleet Capacity
The company expanded its operational fleet from five to ten wind installation vessels in 2025, with all newbuilds delivered on budget and immediately contracted.
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Increased Contract Backlog
Cadeler's order backlog grew to EUR 2.8 billion as of March 24, 2026, up from EUR 2.3 billion at the end of 2024, providing strong commercial visibility.
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Strong 2026 Outlook
The company projects 2026 revenue between EUR 845 million and EUR 944 million and EBITDA between EUR 420 million and EUR 510 million, reflecting increased capacity and contract coverage.
Analysis · CDLR · Energy & Transportation
This 6-K officially files Cadeler's 2025 Annual Report, confirming the strong financial and operational performance previously reported by news outlets. The company achieved substantial growth in 2025, doubling its fleet capacity and significantly increasing revenue, EBITDA, and net profit. The robust contract backlog and positive 2026 outlook, driven by continued demand for offshore wind and strategic expansion into operations and maintenance, position Cadeler for sustained growth.
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.