Cadeler A/S (CDLR)

Cadeler Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	620.35	248.74	108.62	106.42	60.94
Revenue Growth (YoY)	149.40%	128.99%	2.07%	74.64%	212.49%
Cost of Revenue	236.76	124.23	59.86	49.54	38.88
Gross Profit	383.6	124.51	48.76	56.89	22.06
Selling, General & Admin	74.63	57.1	34.46	15.7	10.93
Other Operating Expenses	-8.77	-2.04	-0.14	-	-
Total Operating Expenses	65.86	55.07	34.32	15.7	10.93
Operating Income	317.74	69.44	14.44	41.19	11.13
Interest Income	7.5	5.23	1.54	4.03	1.8
Interest Expense	-37.38	-7.2	-4.49	-9.68	-5.49
Total Non-Operating Income (Expense)	-29.88	-1.97	-2.95	-5.65	-3.7
Pretax Income	287.86	67.48	11.5	35.54	7.44
Provision for Income Taxes	7.68	2.41	-	-	-0.01
Net Income	280.18	65.07	11.5	35.54	7.45
Net Income to Common	280.18	65.07	11.5	35.54	7.45
Net Income Growth	330.60%	465.92%	-67.65%	377.00%	-
Shares Outstanding (Basic)	88	86	50	41	33
Shares Outstanding (Diluted)	89	87	51	41	33
Shares Change (YoY)	2.23%	70.73%	24.00%	24.96%	400.77%
EPS (Basic)	3.20	0.76	0.24	0.88	0.24
EPS (Diluted)	3.16	0.76	0.24	0.88	0.24
EPS Growth	315.79%	216.67%	-72.73%	266.67%	-
Shares Outstanding	87.72	86.49	50.34	49.4	34.64
Free Cash Flow	-841.47	-522.44	-3.52	-195.57	-132.74
Free Cash Flow Per Share	-9.49	-6.02	-0.07	-4.77	-4.05
Gross Margin	61.84%	50.06%	44.89%	53.45%	36.20%
Operating Margin	51.22%	27.92%	13.30%	38.70%	18.27%
Profit Margin	45.17%	26.16%	10.59%	33.40%	12.23%
FCF Margin	-135.64%	-210.04%	-3.24%	-183.76%	-217.83%
EBITDA	425.26	126.04	37.49	63.88	27.61
EBITDA Margin	68.55%	50.67%	34.52%	60.02%	45.31%
EBIT	317.74	69.44	14.44	41.19	11.13
EBIT Margin	51.22%	27.92%	13.30%	38.70%	18.27%
Effective Tax Rate	2.67%	3.57%	0.00%	0.00%	-0.17%

Updated Mar 25, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q