Cadeler Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 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%	-
Accounts Receivable	157.05	100.6	39.43	38.23	20.37	19.25
Inventory	2.87	1.04	1.84	0.55	0.44	0.31
Other Current Assets	17.84	28.52	9.57	1.71	1.5	0.34
Total Current Assets	395.51	188.62	147.45	59.51	24.62	83.54
Net Property, Plant & Equipment	2,639	1,723	1,087	606.49	399.55	253.07
Other Intangible Assets	19.28	18.19	16.95	0.42	0.4	-
Other Long-Term Assets	2.59	7.61	1.56	3.61	0.2	0.2
Total Assets	3,056	1,937	1,253	670.03	424.77	336.81
Accounts Payable	46.71	43.82	32.8	8.91	9.77	12.65
Short-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
Unearned Revenue	72.95	45.59	12.1	1.83	15.19	3.07
Other Current Liabilities	10.93	1.8	7.31	0.01	0.01	-
Total Current Liabilities	371.24	123.65	53.62	11.8	53.86	25.63
Long-Term Debt	1,181	539.85	204.77	114.23	44.48	63.87
Long-Term Leases	11.54	9.7	0.39	-	0.21	0.51
Other Long-Term Liabilities	46.47	29.92	34.74	3.43	0.97	5.74
Total Long-Term Liabilities	1,239	579.48	239.9	117.66	45.65	70.11
Total Liabilities	1,610	703.12	293.52	129.46	99.51	95.74
Common Stock	47.14	47.14	41.84	26.58	18.64	15.56
Treasury Stock	-3	-1.28	-	-	-	-
Additional Paid-in Capital	1,099	1,099	952.86	509.54	339.4	265.74
Accumulated Other Comprehensive Income	9.03	29.18	-28.28	1.34	-	-
Retained Earnings	293.32	59.36	-7.37	3.11	-32.79	-40.24
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	581.99	206.57	115.28	73.58	74.29
Net Cash (Debt)	-1,215	-523.52	-109.96	-96.27	-71.27	-10.66
Net Cash Per Share	-	-6.04	-2.16	-2.35	-2.17	-1.63
Book Value	1,446	1,234	959.04	540.57	325.26	241.06
Book Value Per Share	-	14.23	18.88	13.19	9.92	36.81
Tangible Book Value	1,427	1,216	942.09	540.15	324.85	241.06
Tangible Book Value Per Share	-	14.02	18.54	13.18	9.91	36.81

Updated Nov 20, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q