Cadeler Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	221.3	151.68	51.25	96.61	19.01	2.31
Cash & Short-Term Investments	221.3	151.68	51.25	96.61	19.01	2.31
Cash Growth	135.16%	195.94%	-46.95%	408.14%	723.74%	-96.37%
Accounts Receivable	145.53	139.03	62.99	30.55	18.24	19.53
Other Receivables	39.89	81.92	37.61	8.88	20	0.84
Total Trade Receivables	185.42	220.95	100.6	39.43	38.23	20.37
Inventory	3.78	3.54	1.04	1.84	0.55	0.44
Other Current Assets	15.13	13.79	28.52	9.57	1.71	1.5
Total Current Assets	425.63	389.96	181.41	147.45	59.51	24.62
Net Property, Plant & Equipment	3,029	2,950	1,723	1,087	606.49	399.55
Other Intangible Assets	19.49	19.43	18.19	16.95	0.42	0.4
Other Long-Term Assets	61.41	57.63	14.82	1.56	3.61	0.2
Total Assets	3,536	3,417	1,937	1,253	670.03	424.77
Accounts Payable	77.08	98.48	43.82	32.8	8.91	9.77
Current Portion of Long-Term Debt	124.49	116.13	31.16	0.8	0.77	28.6
Current Portion of Leases	1.9	1.06	1.27	0.6	0.28	0.3
Unearned Revenue	43.92	159.62	47.34	13.88	3.16	15.19
Other Current Liabilities	4.72	6.7	1.8	7.31	0.01	0.01
Total Current Liabilities	326.07	351.08	123.65	53.62	11.8	53.86
Long-Term Debt	1,457	1,495	539.85	204.77	114.23	44.48
Long-Term Leases	11.18	12.48	9.7	0.39	-	0.21
Other Long-Term Liabilities	15.49	23.91	28.18	32.96	2.11	0.97
Total Long-Term Liabilities	1,528	1,562	579.48	239.9	117.66	45.65
Total Liabilities	1,854	1,913	703.12	293.52	129.46	99.51
Common Stock	51.84	47.14	47.14	41.84	26.58	18.64
Treasury Stock	-3	-3	-1.28	-	-	-
Additional Paid-in Capital	1,265	1,100	1,100	952.86	509.54	339.4
Accumulated Other Comprehensive Income	32.54	18.42	29.18	-28.28	1.34	-
Retained Earnings	335.23	341.61	59.36	-7.37	3.11	-32.79
Shareholders' Equity	1,682	1,504	1,234	959.04	540.57	325.26
Total Liabilities & Equity	3,536	3,417	1,937	1,253	670.03	424.77
Total Debt	1,595	1,624	581.99	206.57	115.28	73.58
Net Cash (Debt)	-1,373	-1,473	-530.74	-109.96	-96.27	-71.27
Net Cash Per Share	-15.66	-16.61	-6.12	-2.16	-2.35	-2.17
Book Value	1,682	1,504	1,234	959.04	540.57	325.26
Book Value Per Share	19.18	16.96	14.23	18.88	13.19	9.92
Tangible Book Value	1,662	1,484	1,216	942.09	540.15	324.85
Tangible Book Value Per Share	18.96	16.74	14.02	18.54	13.18	9.91

Updated May 20, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q