2025 was a strong year for Van Oord. Despite geopolitical volatility and economic uncertainty, the company more than doubled its profits while continuing to invest in a more profitable and sustainable business.
Van Oord states it delivered strong operational performance across 213 projects in 36 countries. Revenue amounted to EUR 2.6 billion compared with EUR 2.4 billion in 2024. EBITDA grew by 139 per cent, reaching EUR 403 million, up from EUR 290 million in 2024. This allowed the contractor to close the year with a net profit of EUR 110 million, up from EUR 43 million in 2024. Meanwhile, the order book remained stable at EUR 4.4 billion.
Also read: Van Oord to restore beach in Portugal
Stable dredging market and digitalisation
The company’s Dredging & Infra business performed better than expected due to stable market conditions, especially in the second half of the year. Van Oord ended the year with a recorded revenue of EUR 1119 million (2024: EUR 1363 million). Our Offshore Energy business recorded revenue of EUR 1471 million (2024: EUR 1079 million).
The company has also begun a process to simplify and streamline its organisation. This includes the ongoing digitalisation of core business processes and systems as part of the “Founding the Future” programme. As a part of this, Van Oord is further implementing AI in its systems and tools. The organisation also refinanced its revolving credit and long-term debt facilities.
Also read: Van Oord appoints Chief Transformation Officer
Sustainability and safety
The company also contributed to projects with a combined installed renewable energy capacity of 3283 MW, enough to power the equivalent of more than 3 million European households per year. Defence structures against erosion and flooding were built, protecting 89 kilometres of coastline.
In addition, Van Oord positioned Ocean Health as a separate business line. Ocean Health seeks to restore marine ecosystems on a large scale through commercially viable business models. As for safety, although every incident is one too many, Van Oord has recorded a strong year with fewer injuries.
Also read: VIDEO: Van Oord strengthens Zeeland coast on bio-LNG
Fleet additions and acquisition
In 2025, Van Oord christened Boreas, the largest and most sustainable offshore wind installation vessel of its kind and the company’s biggest investment ever. Moreover, two next-generation flexible fallpipe vessels were ordered, the first of which is expected to enter the market in 2028.
These expected fleet additions will strengthen the company’s position in subsea rock installation and meet the rising worldwide need to protect offshore infrastructure. This is particularly important at a time when energy security and reliability can no longer be taken for granted.
Van Oord also signed an agreement to acquire the product and brand “Xbloc”. This acquisition was completed early 2026, and with it, the company directly responds to the need for more climate adaptation projects through coastal protection and sustainable marine infrastructure solutions.
Also read: Van Oord’s Boreas completes first installation job
Looking ahead
CEO Govert van Oord: ‘The current situation in the world, especially in the Middle East, shows that 2026 could be even more volatile and uncertain than last year. Still, we are confident about the future. As a family business, we have a long-term perspective on value creation. And when I look ahead, I see opportunities to create value in our markets across the world, because of a growing population, expanding world trade, increasing urbanisation and more demand for marine transport and climate mitigation and adaptation.’
‘We are ready to seize these opportunities, because of the confidence we have in our strategy and organisation, our commitment to safety and sustainability and the collaboration with our partners,’ adds Van Oord. ‘And most of all, we are ready because of our talented people, who continuously deliver fantastic work on our fleet, on our projects and in our offices.’
Also read: Van Oord acquires BAM’s Xbloc business
Situation in the Middle East
Van Oord further states it has been closely monitoring the situation in the Middle East since the conflict escalated on 28 February 2026. The large-scale attacks have led to significant tensions and disruptions to air and sea traffic in the region where the company operates. ‘The safety of our colleagues in the region and on board our vessels is our top priority, and we are in daily contact with them,’ the company states.
It is clear that recent developments in the Middle East bring with them a great deal of uncertainty for the coming year. Geopolitical tensions, trade-restrictive measures and rising (energy) costs will affect the investment climate and, consequently, the global economy. The extent to which this will occur remains unclear at this stage.
Picture: Offshore wind installation vessel Boreas made its project debut in 2025, completing phase 1A of the Nordseecluster project (photo by Van Oord).
