Cadeler A/S (CDLR)

Cadeler Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	217.76	58.46	96.61	19.01	2.31	63.64
Cash & Short-Term Investments	217.76	58.46	96.61	19.01	2.31	63.64
Cash Growth	137.07%	-39.48%	408.14%	723.74%	-96.37%	5019.55%
Accounts Receivable	157.05	89.29	36.27	37.63	19.27	6.95
Other Receivables	-	11.31	3.17	0.61	1.11	12.45
Receivables	157.05	100.6	39.44	38.25	20.37	19.4
Inventory	2.87	1.04	1.84	0.55	0.44	0.31
Prepaid Expenses	17.4	16.64	9.56	1.7	1.5	0.18
Other Current Assets	0.44	11.88	-	-	-	0.01
Total Current Assets	395.51	188.62	147.45	59.51	24.62	83.54
Property, Plant & Equipment	2,639	1,723	1,087	606.49	399.55	253.07
Long-Term Investments	-	-	0.34	3.01	-	-
Goodwill	-	17.76	16.71	-	-	-
Other Intangible Assets	19.28	0.43	0.24	0.42	0.4	-
Other Long-Term Assets	2.59	7.61	1.22	0.6	0.2	0.2
Total Assets	3,056	1,937	1,253	670.03	424.77	336.81
Accounts Payable	46.51	11.58	8.4	3.98	2.8	4.37
Accrued Expenses	-	-	-	-	-	5.38
Current Portion of Long-Term Debt	239.42	31.16	0.8	0.77	28.6	9.63
Current Portion of Leases	1.24	1.27	0.6	0.28	0.3	0.29
Current Income Taxes Payable	3.33	0.75	1.22	0.01	0.01	-
Current Unearned Revenue	72.95	45.59	12.1	1.83	15.19	3.07
Other Current Liabilities	7.8	33.29	30.49	4.93	6.97	2.9
Total Current Liabilities	371.24	123.65	53.62	11.8	53.86	25.63
Long-Term Debt	1,181	556.09	204.77	114.52	44.48	63.87
Long-Term Leases	11.54	9.7	0.39	-	0.21	0.51
Long-Term Unearned Revenue	19.09	1.75	1.78	1.33	0.97	5.74
Long-Term Deferred Tax Liabilities	13.77	11.97	10.19	-	-	-
Other Long-Term Liabilities	13.61	-0.03	22.77	1.82	-	-
Total Liabilities	1,610	703.12	293.52	129.46	99.51	95.75
Common Stock	47.14	47.14	41.84	26.58	18.64	15.56
Additional Paid-In Capital	1,099	1,099	952.86	509.54	339.4	265.74
Retained Earnings	293.32	59.36	-7.37	3.11	-32.79	-40.24
Treasury Stock	-3	-1.28	-	-	-	-
Comprehensive Income & Other	9.03	29.18	-28.28	1.34	-	-
Shareholders' Equity	1,446	1,234	959.04	540.57	325.26	241.06
Total Liabilities & Equity	3,056	1,937	1,253	670.03	424.77	336.81
Total Debt	1,433	598.22	206.57	115.57	73.58	74.29
Net Cash (Debt)	-1,215	-539.76	-109.96	-96.56	-71.27	-10.66
Net Cash Per Share	-3.43	-1.56	-0.54	-0.59	-0.54	-0.41
Filing Date Shares Outstanding	354.21	350.74	311.41	197.6	138.57	115.57
Total Common Shares Outstanding	354.21	350.74	311.41	197.6	138.57	115.57
Working Capital	24.27	64.97	93.84	47.71	-29.24	57.91
Book Value Per Share	4.08	3.52	3.08	2.74	2.35	2.09
Tangible Book Value	1,427	1,216	942.09	540.15	324.85	241.06
Tangible Book Value Per Share	4.03	3.47	3.03	2.73	2.34	2.09
Machinery	-	1,088	576.47	292.08	260.67	256.46
Construction In Progress	-	736.61	571.75	356.16	158.73	-
Order Backlog	-	2,336	1,735	905	409	310

Updated Nov 20, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q