Cadeler Q1 Revenue EUR 125M, Net Loss EUR 7M; Raises EUR 175M

Cadeler A/S reported a significant increase in Q1 2026 revenue to EUR 125 million, up from EUR 65 million in Q1 2025, driven by fleet expansion and increased contracted days. Despite a rise in EBITDA to EUR 47 million, the company posted a net loss of EUR 7 million, primarily due to higher financial expenses as interest costs were expensed rather than capitalized for newly delivered vessels. The company successfully completed a private placement, raising approximately EUR 175 million to partly finance new Wind Foundation Installation Vessels and potential heavy-lift vessel acquisitions, and extended its EUR 100 million RCF-B Facility.