Cadeler Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	151.68	51.25	96.61	19.01	2.31
Cash & Short-Term Investments	151.68	51.25	96.61	19.01	2.31
Cash Growth	195.94%	-46.95%	408.14%	723.74%	-96.37%
Accounts Receivable	139.03	62.99	30.55	18.24	19.53
Other Receivables	81.92	37.61	8.88	20	0.84
Total Trade Receivables	220.95	100.6	39.43	38.23	20.37
Inventory	3.54	1.04	1.84	0.55	0.44
Other Current Assets	13.79	28.52	9.57	1.71	1.5
Total Current Assets	389.96	181.41	147.45	59.51	24.62
Net Property, Plant & Equipment	2,950	1,723	1,087	606.49	399.55
Other Intangible Assets	19.43	18.19	16.95	0.42	0.4
Other Long-Term Assets	57.63	14.82	1.56	3.61	0.2
Total Assets	3,417	1,937	1,253	670.03	424.77
Accounts Payable	98.48	43.82	32.8	8.91	9.77
Current Portion of Long-Term Debt	116.13	31.16	0.8	0.77	28.6
Current Portion of Leases	1.06	1.27	0.6	0.28	0.3
Unearned Revenue	30.9	1.75	1.78	1.83	15.19
Other Current Liabilities	6.7	1.8	7.31	0.01	0.01
Total Current Liabilities	351.08	123.65	53.62	11.8	53.86
Long-Term Debt	1,495	539.85	204.77	114.23	44.48
Long-Term Leases	12.48	9.7	0.39	-	0.21
Other Long-Term Liabilities	23.91	28.18	32.96	3.43	0.97
Total Long-Term Liabilities	1,562	579.48	239.9	117.66	45.65
Total Liabilities	1,913	703.12	293.52	129.46	99.51
Common Stock	47.14	47.14	41.84	26.58	18.64
Treasury Stock	-3	-1.28	-	-	-
Additional Paid-in Capital	1,099	1,099	952.86	509.54	339.4
Accumulated Other Comprehensive Income	18.42	29.18	-28.28	1.34	-
Retained Earnings	341.61	59.36	-7.37	3.11	-32.79
Shareholders' Equity	1,504	1,234	959.04	540.57	325.26
Total Liabilities & Equity	3,417	1,937	1,253	670.03	424.77
Total Debt	1,624	581.99	206.57	115.28	73.58
Net Cash (Debt)	-1,473	-530.74	-109.96	-96.27	-71.27
Net Cash Per Share	-16.61	-6.12	-2.16	-2.35	-2.17
Book Value	1,504	1,234	959.04	540.57	325.26
Book Value Per Share	16.96	14.23	18.88	13.19	9.92
Tangible Book Value	1,484	1,216	942.09	540.15	324.85
Tangible Book Value Per Share	16.74	14.02	18.54	13.18	9.91

Updated Mar 24, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q