Cadeler Reports Strong FY2025 Results, EUR 2.8B Backlog, and Positive 2026 Outlook

summarizeSummary

Cadeler reported strong FY2025 financial results, a substantial EUR 2.8 billion backlog, and a positive 2026 outlook, driven by new contracts and progress on its expanding fleet.

check_boxKey Events

• Exceptional FY2025 Financial Performance

  Revenue increased by EUR 372 million, more than doubling compared to 2024, with EBITDA also showing significant growth.

• Robust Contract Backlog

  The company reported a strong contract backlog of EUR 2.8 billion, providing solid earnings visibility.

• Significant New Contract Wins

  Secured firm contracts totaling EUR 500 million for foundation T&I and WTG installation, commencing in 2029/2030, alongside multiple new O&M campaigns.

• Newbuild Program Progress

  Wind Ace is 94% complete for Q3 2026 delivery, and Wind Apex is 34% complete for Q2 2027 delivery, with the CAPEX program fully funded.

auto_awesomeAnalysis

This investor presentation, accompanying Cadeler's 2025 Annual Report, details exceptional financial performance with revenue more than doubling and a robust EUR 2.8 billion contract backlog. The company secured significant new contracts, including a EUR 500 million deal, and provided a positive outlook for 2026 driven by strong market demand and new vessel deliveries. The report highlights Cadeler's strategic positioning in the growing offshore wind market with its expanding fleet and fully funded CAPEX program, reinforcing its long-term growth trajectory.