Welcome to our dedicated page for Cadeler A/S SEC filings (Ticker: CDLR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Cadeler A/S filings document a foreign private issuer whose CDLR American depositary shares each represent four ordinary shares and whose ordinary shares trade on the Oslo Stock Exchange under CADLR. Its Form 6-K reports cover offshore wind installation and O&M activity, financial releases, annual meeting results, and corporate governance actions.
The filing record also documents share capital changes, private placement-related ownership notifications, treasury share authorizations, major-shareholding notices, and transactions in Cadeler shares by persons discharging managerial responsibilities or closely associated persons. These disclosures describe the capital structure, shareholder base, governance approvals, and recurring reporting practices of an offshore wind vessel contractor.
Cadeler A/S reported insider-related share purchases by Niki Invest ApS, a company closely associated with board member Ditlev Wedell-Wedellsborg. Niki Invest ApS bought 18,025 Cadeler shares at a price of NOK 51.10 per share on 3 September 2025 on the Oslo Stock Exchange. It then purchased a further 12,168 shares at NOK 51.50 per share on 4 September 2025, also on the Oslo Stock Exchange. The transactions were notified under EU Market Abuse Regulation rules for dealings by persons discharging managerial responsibilities and their closely associated persons.
Cadeler A/S submitted a report to provide investors with access to its H1 2025 information. On August 26, 2025, the company’s executive management delivered an investor presentation in connection with financial results for the six months ended June 30, 2025, and attached that presentation as Exhibit 99.1. The filing itself mainly serves to officially share this investor presentation with the market.
Cadeler A/S reported a very strong first half of 2025, with results above expectations and aligned with its increased full-year guidance. Revenue for the first six months more than tripled to EUR 299 million, up from EUR 82 million a year earlier, a EUR 217 million (265%) increase. EBITDA rose to EUR 213 million from EUR 22 million, while profit jumped to EUR 168 million from EUR 0.2 million.
The fleet reached a 67% utilisation rate with seven vessels on hire worldwide, and Cadeler became entitled to significant compensation after a long-term agreement was terminated. The company reaffirmed full-year 2025 guidance, with revenue expected between EUR 588–628 million and EBITDA between EUR 381–421 million.
Cadeler expanded its fleet by taking delivery of two new Wind Turbine Installation Vessels and acquiring the O&M vessel Wind Keeper, which has a long-term contract with Vestas starting early 2026. It also launched Nexra, a dedicated operations and maintenance division, and reported a contract backlog of EUR 2.5 billion as of 26 August 2025, supporting visibility into 2026 and beyond.
Cadeler A/S filed a Form 6-K to notify investors that it has published its interim financial report for the first half of 2025. The report covers the period from 1 January to 30 June 2025 and is attached as Exhibit 99.1 to the submission.
Cadeler A/S has signed a firm contract with Synera Renewable Energy for the transportation and installation of 35 Siemens Gamesa 14MW wind turbines at the Formosa 4 offshore wind farm in Taiwan. The work will be carried out by one of Cadeler’s next-generation M-class installation vessels.
Operations are scheduled to start in March 2028 and last about 150 days, with projected revenue for Cadeler of between EUR 70 and 80 million. Formosa 4 is located 18 to 20 kilometres off Miaoli County, will span 58 square kilometres, and is designed to deliver 495 MW of offshore wind capacity, supporting Taiwan’s green energy supply and Cadeler’s long-term strategy in the Asia-Pacific region.
Cadeler A/S (NYSE: CDLR) filed a Form 6-K disclosing insider transactions under EU Market Abuse Regulation Article 19. On 10 July 2025, two members of the executive management team received shares as settlement of vested Restricted Share Units (RSUs) granted in 2023.
- CEO Mikkel Gleerup: 130,416 new shares (ISIN DK0061412772) delivered at a technical price of NOK 0.
- CFO Peter Brogaard Hansen: 59,280 new shares delivered on the same terms.
The combined 189,696 shares will be issued outside a trading venue, implying no cash consideration but a modest increase in the company’s outstanding share count. The filing is an initial notification and fulfils regulatory disclosure duties. While the transactions strengthen management’s equity alignment, the dilution impact is immaterial given Cadeler’s current market capitalisation and share base.
Cadeler A/S (NYSE/OSE: CDLR) has received a notice of termination from Ørsted for the long-term charter of an A-Class offshore wind-turbine installation vessel covering Q1 2027–2030. The charter was linked to Ørsted’s now-cancelled Hornsea 4 project. As contractually stipulated, Cadeler will receive termination compensation.
Guidance upgrade: Management raises FY 2025 revenue guidance to EUR 588-628 million (prior EUR 485-525 million) and EBITDA guidance to EUR 381-421 million (prior EUR 278-318 million), citing the compensation payment and the opportunity to redeploy the vessel on other projects already under discussion.
Strategic and financial implications:
- The loss of a multi-year charter removes long-term utilisation visibility for one A-Class vessel, but Cadeler gains scheduling flexibility in a market experiencing vessel tightness.
- Termination proceeds provide an immediate earnings tailwind, largely driving the 22% revenue and 36% EBITDA guidance uplift for 2025.
- Management states the event will not hurt long-term performance; however, the company must now convert pipeline discussions into firm contracts to maintain backlog beyond 2026.
Overall, the filing mixes a near-term financial positive with longer-term backlog risk, leaving the net impact dependent on Cadeler’s success in re-chartering the vessel.