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 revenue by segment
By business segment
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|
| Time charter services and transportation and installation services | €490.45M | €226.55M | €99.84M | €104.58M | €56.45M | 79.1% | +116.5% |
| Other revenue, including fees earned for early termination of contracts by customers | €129.90M | €22.19M | €8.78M | – | – | 20.9% | +485.3% |
| Other revenue, including fees earned for early termination of contracts by customers | – | €22.19M | €8.78M | €1.85M | €4.49M | – | – |
By region
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|
| Europe | €356.67M | €124.57M | €108.62M | – | – | 57.5% | +186.3% |
| United States | €140.61M | €87.96M | €0 | – | – | 22.7% | +59.9% |
| Americas | €140.61M | €87.96M | €0 | – | – | 22.7% | +59.9% |
| United Kingdom | €131.68M | €68.51M | €48.88M | – | – | 21.2% | +92.2% |
| Asia | €123.07M | €36.22M | €0 | – | – | 19.8% | +239.8% |
| Taiwan | €123.07M | €36.22M | €0 | – | – | 19.8% | +239.8% |
| Denmark | €102.47M | €51.07M | €5.43M | – | – | 16.5% | +100.6% |
| Germany | €60.44M | €0 | €0 | – | – | 9.7% | – |
| Poland | €58.51M | €0 | €0 | – | – | 9.4% | – |
| Rest of Europe | €3.58M | €4.98M | €54.31M | – | – | 0.6% | -28.3% |
From the segment and revenue-disaggregation notes of Cadeler A/S's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.