AI Analysis
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Cadeler A/S released its Annual Report for the year ended 31 December 2025, highlighting the delivery of five new vessels doubling fleet capacity to ten, acquisition of Wind Keeper, signing of seven major contracts for a record-high order backlog, and expansion of O&M services via Nexra. This strengthens its position as the leading offshore wind installation provider with enhanced revenue diversification and long-term visibility.
Key Takeaways
1Fleet doubled from five to ten vessels with deliveries of Wind Maker (January 2025), Wind Pace (March 2025), Wind Ally, Wind Mover, and acquisition of Wind Keeper (July 2025)
2Signed seven major contracts, achieving record-high order backlog
3Organization surpassed 1,000 employees by year-end 2025
4O&M services represented approximately one-fifth of revenue
5Launched Nexra as dedicated O&M service platform
6Wind Ace delivery expected in second half of 2026
7Established new unsecured green corporate loan facility