CDLRNYSEDeep Sea Foreign Transportation of FreightFiscal year ends December 31

Cadeler A/S

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 24, 2026

$21.94+0.21 (+0.97%)

Close on Oct 19, 2026

Cadeler A/S balance sheet

Annual Quarterly

EUR USD

Millions of USD, except per-share data. Shares in millions.

Line item	Q4 2025 2025-12-31	Q2 2025 2025-06-30	Q4 2024 2024-12-31	Q2 2024 2024-06-30	Q4 2023 2023-12-31	Q2 2023 2023-06-30	Q4 2022 2022-12-31	Q4 2021 2021-12-31	Q4 2020 2020-12-31
Cash & Equivalents	178	62	53	100	107	21	20	2.61	78
Cash & Short-Term Investments	178	62	53	100	107	21	20	2.61	78
Receivables	163	131	65	43	34	–	20	22	–
Inventory	4.15	2.67	1.08	1.01	2.03	–	0.59	0.50	–
Prepaid Expenses & Other	3.52	–	–	–	–	–	–	–	–
Total Current Assets	458	415	188	188	163	–	64	28	–
Property, Plant & Equipment	3,447	2,807	1,772	1,479	1,201	–	649	452	–
Operating Lease Right-of-Use Assets	15	13	11	12	1.08	–	0.31	0.53	–
Deferred Tax Assets	0	–	0	–	0	–	–	–	–
Other Long-Term Assets	63	–	7.46	–	0	–	–	–	–
Total Assets	4,010	3,260	2,005	1,703	1,386	–	717	481	–
Accounts Payable	115	61	45	45	36	–	9.44	11	–
Current Portion of Long-Term Debt	136	241	32	4.65	0.88	–	0.83	32	–
Current Debt	136	241	32	4.65	0.88	–	0.83	32	–
Current Portion of Leases	1.24	2.01	1.32	1.35	0.66	–	0.30	0.34	–
Current Income Taxes Payable	4.27	4.53	0.78	0.52	1.35	–	0.01	0.01	–
Total Current Liabilities	412	421	128	82	59	–	13	61	–
Long-Term Debt	1,754	1,169	559	359	227	–	122	50	–
Long-Term Leases	15	12	10	11	0.43	–	–	0.24	–
Operating Lease Liabilities	16	14	11	12	1.10	–	0.30	0.57	–
Deferred Tax Liabilities	16	14	12	12	11	–	–	–	–
Total Liabilities	2,245	1,646	728	469	325	–	138	113	–
Total Debt	1,890	1,410	591	364	227	–	123	83	–
Common Stock	55	55	49	50	46	–	28	21	–
Additional Paid-In Capital	1,290	1,294	1,138	1,178	1,054	–	545	384	–
Retained Earnings	401	269	61	-6.99	-8.16	–	3.32	-37	–
Treasury Stock	-3.52	-3.53	-1.33	–	0	–	–	–	–
Shareholders' Equity	1,765	1,614	1,277	1,233	1,061	616	578	368	295
Total Liabilities & Equity	4,010	3,260	2,005	1,703	1,386	–	717	481	–
Shares Outstanding(shares)	351	–	–	–	311	–	198	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 61.8%
Operating margin: 51.2%
Net margin: 45.2%
Return on equity, FY2025: 20.5%

Financial strength

Current ratio: 1.11
Debt to equity: 1.07
Debt to assets: 47.1%
Cash to current liabilities: 43.2%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.