Cadeler A/S (CDLR)

Cadeler Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	465.06	248.74	108.62	106.42	60.94	19.5
Revenue Growth (YoY)	277.89%	128.99%	2.07%	74.64%	212.49%	-49.19%
Cost of Revenue	170.08	127.25	55.98	50.33	39.02	45.94
Gross Profit	294.97	121.49	52.64	56.09	21.92	-26.44
Selling, General & Admin	57.83	51.56	25.09	13.88	10.35	9.1
Other Operating Expenses	-4.14	-2.04	-0.14	-	0.02	-
Operating Expenses	56.21	52.05	25.49	14.9	10.78	9.47
Operating Income	238.76	69.44	27.15	41.19	11.13	-35.9
Interest Expense	-2.14	-2.8	-2.88	-1.53	-3.44	-4.29
Interest & Investment Income	3.18	3.29	1.43	0.24	-	-
Currency Exchange Gain (Loss)	-1.81	-1.81	-0.28	-4.41	0.1	5.5
Other Non Operating Income (Expenses)	-0.65	-0.65	-1.22	0.05	-0.36	-0.04
EBT Excluding Unusual Items	237.33	67.48	24.21	35.54	7.44	-34.74
Merger & Restructuring Charges	-	-	-7.71	-	-	-
Asset Writedown	-	-	-5	-	-	7.7
Pretax Income	237.33	67.48	11.5	35.54	7.44	-27.03
Income Tax Expense	4.68	2.41	-	-	-0.01	-0
Earnings From Continuing Operations	-	65.07	11.5	35.54	7.45	-27.03
Net Income to Company	-	65.07	11.5	35.54	7.45	-27.03
Net Income	232.65	65.07	11.5	35.54	7.45	-27.03
Net Income to Common	232.65	65.07	11.5	35.54	7.45	-27.03
Net Income Growth	-	465.92%	-67.65%	377.00%	-	-
Shares Outstanding (Basic)	351	346	201	163	131	26
Shares Outstanding (Diluted)	352	347	203	164	131	26
Shares Change (YoY)	28.89%	70.73%	24.00%	24.96%	405.75%	3224.87%
EPS (Basic)	0.66	0.19	0.06	0.22	0.06	-1.04
EPS (Diluted)	0.66	0.19	0.06	0.22	0.06	-1.04
EPS Growth	-	229.37%	-73.78%	283.31%	-	-
Free Cash Flow	-844.32	-522.44	-3.52	-195.57	-132.74	-265.73
Free Cash Flow Per Share	-2.40	-1.51	-0.02	-1.19	-1.01	-10.25
Gross Margin	63.43%	48.84%	48.46%	52.70%	35.96%	-135.57%
Operating Margin	51.34%	27.92%	25.00%	38.70%	18.27%	-184.11%
Profit Margin	50.03%	26.16%	10.59%	33.40%	12.23%	-138.62%
Free Cash Flow Margin	-181.55%	-210.04%	-3.24%	-183.76%	-217.83%	-1362.67%
EBITDA	315.25	124.47	49.65	62.91	27.31	-31.96
EBITDA Margin	67.79%	50.04%	45.71%	59.12%	44.81%	-163.91%
D&A For EBITDA	76.49	55.03	22.5	21.72	16.17	3.94
EBIT	238.76	69.44	27.15	41.19	11.13	-35.9
EBIT Margin	51.34%	27.92%	25.00%	38.70%	18.27%	-184.11%
Effective Tax Rate	1.97%	3.57%	-	-	-	-

Updated Aug 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q