Cadeler (ADR)
Deploys specialised vessels to install offshore wind turbines and foundations.
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Profile
Deploys specialised jack-up vessels for offshore-wind turbine and foundation transport and installation, maintenance, and decommissioning. A single reportable segment serves projects globally, with operations and maintenance expanding through Nexra.
Deploys specialised jack-up vessels to transport and install offshore wind turbine generators and foundations. The fleet also supports maintenance and decommissioning work, making project execution at sea its core activity. This work serves global projects.
Operations are organised as one reportable segment and serve a global market, with vessels redeployed across regions. The business has expanded from turbine installation into full-scope foundation transport and installation and operations and maintenance through Nexra.
Revenue depends on deploying the fleet on transport and installation work. Offshore-industry laws, regulations, permits, certificates, and approvals can require operational changes.
Company facts
Categories
Key statistics
Year to date +31.5% · Average volume (30d) 67.3K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 25, 2026Q2 FY26 | $0.95 | $1.16 | +22.0% | $280.5M | $330.2M | +17.8% | +8.64% |
| May 20, 2026Q1 FY26 | $0.15 | −$0.09 | −160.2% | $174.3M | $145.3M | −16.7% | −2.36% |
| Mar 24, 2026Q4 FY25 | $0.52 | $0.65 | +25.0% | $183.3M | $195.2M | +6.5% | +4.54% |
| Nov 20, 2025Q3 FY25 | $0.79 | $0.79 | −0.1% | $177.8M | $180.7M | +1.6% | −0.56% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $75.9M | $270.0M | $178.7M | $192.3M | $144.5M | $333.1M | |
| Gross profit | $24.2M | $205.5M | $110.8M | $102.9M | $31.0M | $158.2M | |
| Operating income | $5.6M | $189.0M | $92.3M | $75.6M | $9.0M | $133.7M | |
| Net income | $2.1M | $192.3M | $74.9M | $54.9M | −$8.2M | $111.8M | |
| Diluted EPS | $0.02 | $2.13 | $0.79 | $0.60 | −$0.09 | $1.16 | |
| Gross margin | 31.9% | 76.1% | 62.0% | 53.5% | 21.5% | 47.5% | |
| Operating margin | 7.4% | 70.0% | 51.7% | 39.3% | 6.2% | 40.1% |
Fiscal years (4-quarter sums)FY21 $70.6M · FY22 $123.3M · FY23 $125.9M · FY24 $288.2M · FY25 $717.0M
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $238.9M · Total debt $1.85B · Total assets $4.11B · Shareholders' equity $2.06B
Dividends
No dividends on record.
Ownership
Shares outstanding 96.47M · Float 96.46M · 100.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BW Altor Pte. Ltd. | 109.01M | 28.24% | 13D | Mar 31, 2026 |
| Nordea Investment Management AB | 19.98M | 5.70% | 13G | Jan 29, 2026 |
| Folketrygdfondet | 18.71M | 5.30% | 13G | Feb 7, 2025 |
| Condire Management, LP | 624.4K | 0.65% | 13F | May 15, 2026 |
| Valueworks LLC | 502.5K | 0.52% | 13F | May 15, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
Not reported.