Cadeler SEC Filings

Cadeler A/S filed a Form 6-K to notify investors that its executive management has delivered an investor presentation in connection with the company’s financial results for the nine months ended September 30, 2025. The presentation, titled "Investor Presentation Q3 2025" and dated November 20, 2025, is attached as Exhibit 99.1 to the report.

Cadeler A/S reports a very strong Q3 2025 performance, with rapid growth and expanding scale in offshore wind installation services. For the first nine months of 2025, revenue reached EUR 453 million, up 178% from EUR 163 million a year earlier, driven by fleet expansion, higher vessel utilisation and termination compensation from a long-term agreement.

EBITDA rose to EUR 322 million from EUR 70 million, while net profit increased to EUR 232 million from EUR 28 million. The fleet grew from five to nine vessels, supporting a combined utilisation rate of 75.8% versus 61.4% last year. Operating cash flow climbed to EUR 286 million, funding part of EUR 931 million of investing cash outflows tied mainly to three newbuild WTIVs, alongside EUR 805 million of financing inflows, including new green loan facilities.

The order backlog stands at EUR 2,887 million, including contracts worth around EUR 500 million for a major offshore wind farm and up to EUR 58 million for BC-Wind in Poland. Cadeler prepares to handle the full transport and installation scope for foundations at Ørsted’s Hornsea 3 from early 2026 and plans to operate a 12-vessel fleet by mid-2027. Total assets are EUR 3,056 million and equity EUR 1,446 million as of 30 September 2025, and full-year 2025 guidance is reaffirmed with revenue of EUR 588–628 million and EBITDA of EUR 381–421 million.

Cadeler A/S filed a Form 6-K to inform investors that it has published its Third Quarter 2025 Earnings Release for the period from 1 January to 30 September 2025. The filing mainly serves as a cover, attaching the full earnings announcement as Exhibit 99.1, which contains the detailed financial and operational results.

Cadeler A/S (NYSE: CDLR) will publish its Q3 earnings release covering the first nine months of 2025 at approximately 08:00 CET on 20 November 2025. Management will host a live video webcast the same day at 08:00 EST / 13:00 UK / 14:00 CET, featuring CEO Mikkel Gleerup and CFO Peter Brogaard Hansen.

The webcast is open to all via the provided link, with an archived replay available for at least three months. Presenter slides will be posted on Cadeler’s investor relations website.

Cadeler A/S reported two firm contracts for full-scope transportation and installation of offshore wind turbine foundations and turbines with a combined value projected to be approximately EUR 500 million. The agreements support an upcoming offshore wind farm development and expand Cadeler’s full-service role in foundation T&I.

The foundations transportation and installation campaign is planned to start in early 2029 using a newbuild A-class vessel. The turbine installation scope is scheduled to begin in early 2030 with an O-class jack-up vessel, with completion expected by late 2030. The contracts are subject to the client’s investment decision; if the project does not proceed, the agreements may be terminated subject to a termination fee.

Cadeler A/S reported a management transaction under EU MAR Article 19. CEO Mikkel Gleerup purchased 1,000 American Depositary Receipts (ADRs) on the New York Stock Exchange on October 16, 2025.

Each ADR represents four Cadeler shares, totaling 4,000 shares. The average price per ADR was USD 19.345, for a total consideration of USD 19,345. The ADR ISIN is US12738K1097; the underlying shares carry ISIN DK0061412772. This disclosure was provided via a Form 6‑K stock exchange announcement.

BW Altor Pte. Ltd. reports beneficial ownership of 78,495,522 ordinary shares of Cadeler A/S, equal to approximately 22.4% of the outstanding share capital based on a 350,479,238 share base. The filing amends prior Schedule 13D disclosures and confirms the working capital used for the purchases came from an equity injection by Mr. Sohmen-Pao using his personal funds. Recent transactions disclosed include purchases of 2,239,501 shares on September 10, 2025 at $52.00 and 1,442,210 shares on September 30, 2025 at a weighted average of $49.9463. The Reporting Person states sole voting and dispositive power over the shares and otherwise affirms prior Schedule 13D information remains in effect.