DEME reports record year, expects equally good 2026

The company’s net profit was €346M, compared to €288M a year ago, an increase of 20%. The company’s orderbook stood at €7.6Bn at the end of 2025. 

Following the acquisition of Havfram, DEME has taken delivery of two next-generation offshore wind installation vessels, Norse Wind and Norse Energi, with project work commencing in 2026.

Looking ahead to the rest of 2026, taking into consideration current projects, the pipeline of new opportunities and fleet capacity, DEME’s management expects turnover and EBITDA margin to be in line with the 2025 level. 

“Despite geopolitical challenges, DEME’s management remains confident that it is well-placed to continue delivering robust performance, supported by a solid orderbook, a strong balance sheet and enduring underlying demand fundamentals,” the company said.

In the offshore energy segment, turnover rose 4% year-over-year, driven by a strong backlog, high fleet utilisation, and the successful execution of projects in the US, Taiwan and Europe. The company’s dredging and infrastructure segment maintained turnover in line with the record level achieved in 2024, supported by a broad portfolio of maintenance and capital dredging projects worldwide, along with major infrastructure projects in Europe. DEME’s orderbook at the end of the year stood at €7.6Bn, reflecting the addition of new, follow-on and maintenance contracts and the integration of Havfram. 

DEME chief executive Luc Vandenbulcke said, “Once again, DEME’s people delivered strong results in 2025, achieving record EBITDA. Our teams have delivered a step-change in profitability, nearly doubling EBITDA between 2022 and 2025, alongside turnover growth from €2.7Bn in 2022 to more than €4.0Bn in 2025. This performance demonstrates our ability to expand capacity and our disciplined execution, while consistently delivering on our commitments to clients and maintaining high standards of safety, quality and reliability.”