Cadeler A/S (CDLR) Income Statement
CDLR 2025 at a glance
Fiscal year ended December 31, 2025 · eurosCDLR revenue and net income
Where CDLR's revenue goes
2025Each bar shows an amount and its share of revenue. CDLR kept 45.2% of revenue as net income.
CDLR profit margins
CDLR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +139.6% | +77.6% | +98.2% | — |
| Gross profit | +200.5% | +86.7% | — | — |
| Operating income | +327.4% | +93.1% | — | — |
| Net income | +313.6% | +96.4% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CDLR income statement in euros
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €595.9M | €248.7M | €108.6M | €106.4M | €60.9M | €19.5M | €38.4M | €71.9M | €44.9M | €71.0M |
| Cost of revenue | €230.8M | €127.2M | €56.0M | €50.3M | €39.0M | €45.9M | €44.8M | €65.5M | €49.9M | €58.1M |
| Gross profit | €365.1M | €121.5M | €52.6M | €56.1M | €21.9M | −€26.4M | −€6.4M | €6.4M | −€4.9M | €13.0M |
| Sales, general & admin | €67.6M | €51.6M | €25.1M | €13.9M | €10.3M | €9.1M | €6.9M | €4.0M | — | — |
| Total operating expenses | €68.3M | €52.0M | €38.2M | €14.9M | €10.8M | €9.5M | €7.2M | €3.8M | €3.2M | €2.9M |
| Operating income | €296.8M | €69.4M | €14.4M | €41.2M | €11.1M | −€35.9M | −€13.6M | €2.6M | −€8.1M | €10.0M |
| Interest income | €1.7M | €3.3M | €1.4M | €244,000 | €0 | €7.7M | — | — | — | — |
| Interest expense | €23.0M | €2.8M | €2.9M | €1.5M | €3.4M | €4.3M | €5.7M | €5.7M | €65,687 | €856,285 |
| Income before taxes | €276.5M | €67.5M | €11.5M | €35.5M | €7.4M | −€27.0M | −€22.2M | €2.6M | −€7.9M | €9.1M |
| Income taxes | €7.4M | €2.4M | €696,000 | −€4.5M | −€13,000 | −€1,000 | €1.6M | €1.7M | €1.6M | €2.0M |
| Net income | €269.1M | €65.1M | €11.5M | €35.5M | €7.5M | −€27.0M | −€23.8M | €918,974 | −€6.4M | €7.1M |
| EBITDA | €407.0M | €126.9M | €50.2M | €59.8M | €27.1M | −€32.0M | −€13.6M | €2.6M | −€8.1M | €10.0M |
| Gross margin | 61.3% | 48.8% | 48.5% | 52.7% | 36.0% | −135.6% | −16.7% | 8.9% | −11.0% | 18.2% |
| Operating margin | 49.8% | 27.9% | 13.3% | 38.7% | 18.3% | −184.2% | −35.6% | 3.6% | −18.1% | 14.1% |
| Net margin | 45.2% | 26.2% | 10.6% | 33.4% | 12.2% | −138.6% | −61.9% | 1.3% | −14.2% | 10.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €287.5M | €124.7M | €166.0M | €154.2M | €233.1M | €65.5M | €86.0M | €80.6M | €63.2M | €19.1M | €17.4M | €23.4M |
| Cost of revenue | €151.0M | €98.0M | €77.2M | €58.6M | €55.7M | €44.6M | €36.8M | €33.1M | €30.4M | €27.0M | €14.9M | €15.8M |
| Gross profit | €136.5M | €26.8M | €88.8M | €95.7M | €177.4M | €20.9M | €49.2M | €47.5M | €32.7M | −€7.9M | €2.5M | €7.6M |
| Sales, general & admin | €20.8M | €19.9M | €16.8M | €17.6M | €17.0M | €16.2M | €26.7M | €14.9M | €14.1M | €12.8M | €13.6M | €6.9M |
| Total operating expenses | €21.1M | €19.0M | €23.6M | €16.0M | €14.3M | €16.1M | €11.6M | €14.3M | €14.0M | €12.2M | €18.2M | €6.9M |
| Operating income | €115.4M | €7.8M | €65.2M | €79.7M | €163.1M | €4.8M | €37.6M | €33.2M | €18.7M | −€20.1M | −€15.7M | €662,000 |
| Interest income | €1.5M | €9.5M | €2.7M | €335,000 | €4.5M | €270,000 | €167,000 | €1.7M | €4.5M | €406,000 | €406,000 | €406,000 |
| Interest expense | €18.7M | €24.2M | €23.0M | €12.5M | €495,000 | €2.1M | €1.7M | €3.3M | €1.1M | €1.1M | €2.2M | €337,000 |
| Income before taxes | €95.2M | −€6.9M | €49.5M | €66.8M | €168.1M | €3.0M | €38.0M | €28.2M | €22.0M | −€20.8M | −€18.7M | €610,000 |
| Income taxes | −€1.3M | €197,000 | €2.1M | €2.2M | €2.2M | €1.2M | €797,000 | €494,000 | €1.1M | €19,000 | €0 | €2.7M |
| Net income | €96.5M | −€7.0M | €47.4M | €64.6M | €165.9M | €1.8M | €37.3M | €27.7M | €20.9M | −€20.8M | −€18.7M | €610,000 |
| EBITDA | €115.4M | €56.4M | €106.1M | €108.5M | €194.1M | €23.6M | €59.5M | €41.0M | €36.5M | −€9.9M | €2.5M | €3.3M |
| Gross margin | 47.5% | 21.5% | 53.5% | 62.0% | 76.1% | 31.9% | 57.2% | 58.9% | 51.8% | −41.5% | 14.3% | 32.4% |
| Operating margin | 40.1% | 6.2% | 39.3% | 51.7% | 70.0% | 7.4% | 43.7% | 41.2% | 29.7% | −105.4% | −89.8% | 2.8% |
| Net margin | 33.6% | −5.7% | 28.5% | 41.9% | 71.2% | 2.7% | 43.3% | 34.3% | 33.2% | −109.1% | −107.3% | 2.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in euros as reported in CDLR's financial statements (latest annual report filed March 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CDLR financial results
In fiscal year 2025 (ended December 31, 2025), Cadeler A/S reported revenue of €595.9 million, up 139.6% from the year before. It had net income of €269.1 million (up 313.6%), a net profit margin of 45.2%. Over five years revenue grew at an average rate of 98.2% a year. Figures are in euros, the currency of its financial statements.
See the CDLR stock overview for the latest quote and news, or the CDLR chart for price history and technical indicators.
CDLR income statement FAQ
What is Cadeler A/S's annual revenue?
Cadeler A/S reported total revenue of €595.9 million for fiscal year 2025, which ended on December 31, 2025. That was up 139.6% from €248.7 million the previous year.
Is Cadeler A/S profitable?
Yes. Cadeler A/S reported net income of €269.1 million in fiscal 2025, a net profit margin of 45.2%; its operating margin was 49.8%.
What is Cadeler A/S's gross margin?
Cadeler A/S's gross margin was 61.3% in fiscal 2025: for every $100 of revenue, Cadeler A/S kept $61 after the direct cost of its products and services.
How fast is Cadeler A/S growing?
Revenue grew 98.2% a year on average over the last five fiscal years, from €19.5 million to €595.9 million.
When will Cadeler A/S report its next earnings?
Cadeler A/S is expected to report results for the quarter ending September 30, 2026 on November 19, 2026.
When does Cadeler A/S's fiscal year end?
Cadeler A/S's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 24, 2026.