CEO letter
Building on momentum
Dear stakeholders,
As CEO, I am pleased to present ZITON’s Annual Report for 2025. It has been a year of strong operational performance and significant strategic progress. Demand for our services has remained high throughout the year, driven by the growing number and ageing profile of offshore wind turbines across Europe. As a result, our financial performance exceeded our guidance, reflecting both strong vessel utilisation and the continued need for major component replacements in our core markets.
In January 2025, Macquarie Asset Management formally completed its acquisition of the ZITON Group, marking the beginning of a new and exciting chapter for the company. With a strong and committed owner, we have strengthened our platform for growth and long-term value creation.
A key milestone in 2025 was the acquisition of J/U WIND DISCOVERY, which is owned by our sister company DiscoveryCo ApS. Following her arrival in Europe, the vessel underwent a comprehensive upgrade programme, including the reinstatement of her helideck, before being successfully introduced into offshore wind O&M service. With six specialised vessels in operation, ZITON now operates the largest fleet dedicated to major component replacements in Europe, enabling us to support a broad range of turbine sizes and customer requirements.
During the year, we inaugurated our new, state-of-the-art warehouse facility at the Port of Esbjerg – a strategically important location at the heart of Europe’s offshore wind industry. This facility enhances our logistical capabilities, brings us closer to our vessels and customers, and strengthens our position as a full-service O&M provider. In addition, we have commenced construction of a new headquarters in Horsens, designed to accommodate our growing organisation and to provide a modern and collaborative working environment for the years ahead.
We continue to operate in a world affected by geopolitical uncertainty, conflict, and economic volatility. At the same time, Europe’s determination to strengthen its energy independence and accelerate the renewable energy transition has never been more evident. Offshore wind remains a cornerstone of this ambition. In this context, ZITON plays a vital role in ensuring that installed capacity remains operational, reliable, and productive. Keeping turbines running is not only a commercial opportunity for us – it is a contribution to Europe’s energy security and climate objectives.
I would like to thank our customers, partners, and dedicated employees offshore and onshore for their commitment and collaboration throughout the year. Together with our new ownership and a strong market outlook, we are well positioned to continue building on this momentum in 2026 and beyond.
Sincerely,
Thorsten Jalk,
CEO, ZITON A/S
