| OFFSHORE-WIND-FARM-THE-CADELER-GROUP |
OFFSHORE-WIND-FARM-THE-CADELER-GROUP |
85%
|
subject to the exercise of counterparty options (compared to a split of EUR 1,907 million from firm contracted days and EUR 430 million from contracted days subject to the exercise of counterparty op… |
| WIND-APEX-THE-CADELER-GROUP |
WIND-APEX-THE-CADELER-GROUP |
85%
|
Cadeler Group has placed orders for two A-Class New Builds (to be named Wind Ace and Wind Apex). The Cadeler Group expects to take delivery of the two A-Class New Builds in the third quarter of 2026 … |
| BW-GROUP |
BW-GROUP |
62%
|
t accounting policies—Currency translation,” in the Annual Report 2025. Governmental policies Reference is made to the section titled “Regulatory,” on pages 26-30 of the Annual Report 2025 and Item 4… |
| CADELER-BW-ALTOR-PTE-LTD |
CADELER-BW-ALTOR-PTE-LTD |
62%
|
y relationships of each of Cadeler and Eneti. In June 2023, when Cadeler and Eneti announced their agreement to enter into the Business Combination, the members of the board of directors of Cadeler (… |
| CADELER-GROUP |
CADELER-GROUP |
62%
|
f-use assets 1,033 Trade and other receivables 29,408 Inventories 147 Prepayments 3,821 Cash and cash equivalents 106,056 Total assets 581,989 EUR'000 19 December 2023 Provisions 6,987 Deferred tax l… |
| CADELER-GROUP-THE-CADELER-GROUP |
CADELER-GROUP-THE-CADELER-GROUP |
62%
|
31, 2023 Trade and other payables 32.6 — — 32.6 Payables to Related parties 0.2 — — 0.2 Lease liabilities 0.6 0.4 — 1.0 Debt to credit institutions 0.8 — 204.8 205.6 Derivative liabilities 4.0 5.7 12… |
| CADELER-SHARES-THE-CADELER-GROUP |
CADELER-SHARES-THE-CADELER-GROUP |
62%
|
mand for or price of the Cadeler Shares is lower than historically experienced, this could result in significant dilution of the shareholding of existing holders of Cadeler Shares (the “Cadeler Share… |
| COSCO-SHIPPING-HEAVY-INDUSTRY-CO-LTD |
COSCO-SHIPPING-HEAVY-INDUSTRY-CO-LTD |
62%
|
ts included in its financing arrangements. The Cadeler Group’s vessels may be subject to operational incidents or the need for refurbishments and/or repairs, following which such vessels may be out o… |
| CSR-LEADERSHIP-GROUP |
CSR-LEADERSHIP-GROUP |
62%
|
delivery of Wind Ace in the second half of 2026. By mid-2027, the company will operate a fleet of twelve vessels, positioning Cadeler as the world’s largest and most versatile pure-play offshore wind… |
| CYPRUS-THE-CADELER-GROUP |
CYPRUS-THE-CADELER-GROUP |
62%
|
f loss resulting from the non-payment or non-performance by third parties of their obligations. Although the Cadeler Group monitors and manages counterparty risks, some of the Cadeler Group’s custome… |
| ENETI-GROUP |
ENETI-GROUP |
62%
|
was promptly chartered on a long-term contract of up to five and a half years, strengthening Cadeler’s position in the O&M segment. Cadeler completed its acquisition of Wind Keeper in July 2025, and … |
| FACILITY-THE-CADELER-GROUP |
FACILITY-THE-CADELER-GROUP |
62%
|
Facility. The Cadeler Group’s management anticipates seeking further debt financing in connection with milestone payments for the delivery of the Cadeler Group’s third A-class newbuild, due to be del… |
| FINANCIAL-RISK-MANAGEMENT-THE-CADELER-GROUP |
FINANCIAL-RISK-MANAGEMENT-THE-CADELER-GROUP |
62%
|
31, 2023 Trade and other payables 32.6 — — 32.6 Payables to Related parties 0.2 — — 0.2 Lease liabilities 0.6 0.4 — 1.0 Debt to credit institutions 0.8 — 204.8 205.6 Derivative liabilities 4.0 5.7 12… |
| F-THE-CADELER-GROUP |
F-THE-CADELER-GROUP |
62%
|
31, 2023 Trade and other payables 32.6 — — 32.6 Payables to Related parties 0.2 — — 0.2 Lease liabilities 0.6 0.4 — 1.0 Debt to credit institutions 0.8 — 204.8 205.6 Derivative liabilities 4.0 5.7 12… |
| HANWHA-OCEAN-CO-LTD |
HANWHA-OCEAN-CO-LTD |
62%
|
31, 2023 Trade and other payables 32.6 — — 32.6 Payables to Related parties 0.2 — — 0.2 Lease liabilities 0.6 0.4 — 1.0 Debt to credit institutions 0.8 — 204.8 205.6 Derivative liabilities 4.0 5.7 12… |
| MARINE-ENGINEERING-CO-LTD |
MARINE-ENGINEERING-CO-LTD |
62%
|
31, 2023 Trade and other payables 32.6 — — 32.6 Payables to Related parties 0.2 — — 0.2 Lease liabilities 0.6 0.4 — 1.0 Debt to credit institutions 0.8 — 204.8 205.6 Derivative liabilities 4.0 5.7 12… |
| PATENTS-THE-CADELER-GROUP |
PATENTS-THE-CADELER-GROUP |
62%
|
, and to its vessels specifically intended to be used for the installation of WTG foundations as A-Class vessels. Crane upgrades of the O-Class Vessels were completed in 2024, ensuring that the O-Cla… |
| RABOBANK-CREDIT-AGRICOLE-DANSKE-BANK-OVERSEA-CHI |
RABOBANK-CREDIT-AGRICOLE-DANSKE-BANK-OVERSEA-CHI |
62%
|
t accounting policies—Currency translation,” in the Annual Report 2025. Governmental policies Reference is made to the section titled “Regulatory,” on pages 26-30 of the Annual Report 2025 and Item 4… |
| SCORPIO-HOLDINGS |
SCORPIO-HOLDINGS |
62%
|
. Further information regarding the remaining instalments for the newbuild vessels is provided in Note 28 to the Consolidated Financial Statements. Financial liabilities: Interest-bearing loans and b… |
| SCORPIO-HOLDINGS-LIMITED |
SCORPIO-HOLDINGS-LIMITED |
62%
|
f-use assets 1,033 Trade and other receivables 29,408 Inventories 147 Prepayments 3,821 Cash and cash equivalents 106,056 Total assets 581,989 EUR'000 19 December 2023 Provisions 6,987 Deferred tax l… |
| SHANGHAI-BANKING-CORPORATION-LIMITED |
SHANGHAI-BANKING-CORPORATION-LIMITED |
62%
|
t accounting policies—Currency translation,” in the Annual Report 2025. Governmental policies Reference is made to the section titled “Regulatory,” on pages 26-30 of the Annual Report 2025 and Item 4… |
| U-S-PUBLIC-COMPANY |
U-S-PUBLIC-COMPANY |
62%
|
historically derived its revenue from a small number of customers, and the loss or default of any such customer could result in a significant loss of revenue and adversely affect the Cadeler Group’s … |
| WIND-ORCA-LIMITED-WIND-OSPREY-LIMITED-WIND-SCYLL |
WIND-ORCA-LIMITED-WIND-OSPREY-LIMITED-WIND-SCYLL |
62%
|
t accounting policies—Currency translation,” in the Annual Report 2025. Governmental policies Reference is made to the section titled “Regulatory,” on pages 26-30 of the Annual Report 2025 and Item 4… |
| WIND-ZARATAN-THE-CADELER-GROUP |
WIND-ZARATAN-THE-CADELER-GROUP |
62%
|
ls, which are optimized for transportation and installation of offshore WTGs and their foundations. The Cadeler Group’s fleet currently comprises one A-Class Vessel (Wind Ally), two P-Class Vessels (… |
