#Norway #Oslo #Aker Horizons #Merger #Aker HoldCo

Aker Horizons ASA Reports Third Quarter 2025 Financial Results

Aker Horizons ASA, trading on the Oslo Stock Exchange under the ticker symbol "AKH," recently announced its financial results for the third quarter of 2025. This quarterly report comes at a significant time for the company, following its merger with Aker HoldCo AS, a fully owned subsidiary of Aker Capital AS, which was completed on September 11, 2025.

Key Highlights from Q3 2025

The quarter was largely characterized by the completion of this merger, which included consolidating all business activities under the Aker Horizons umbrella. Shareholders of Aker Horizons were compensated through a mix of shares in Aker ASA and cash.

In terms of financial performance, Aker Horizons faced some challenges during this transitional phase. The company reported operating expenses totaling NOK 7 million and net financial expenses of NOK 27 million, resulting in a net loss of NOK 34 million for the quarter. However, Aker Horizons maintained a net cash position of NOK 20 million at the end of the quarter. Additionally, the company holds a convertible loan of approximately NOK 1.6 billion, set to mature on February 5, 2026, with a corresponding receivable from Aker HoldCo.

Strategic Review and Future Outlook

As the Board of Directors continues to navigate the complexities following the merger, there is a clear focus on defining the future strategy for Aker Horizons. Currently, the company has no operational activities or substantial investment capacity, relying on limited financial resources to uphold its ongoing operations. A potential future agenda may necessitate a significant injection of equity capital. The Board has signaled that if the strategic review recommends that future activities and funding are not viable, liquidation may become the only feasible alternative.

Market analysts have noted the considerable uncertainty surrounding Aker Horizons' future tactical direction. The company has communicated that it will provide updates regarding its strategy once it has been thoroughly assessed and finalized. This uncertainty raises questions about the sustainability of its share listing and the implications for stakeholders.

Conclusion

Aker Horizons ASA is at a crucial juncture as it transitions through its merger with Aker HoldCo and reflects on its future strategic initiatives. While challenges are impending, the outcome of the ongoing strategic review will play a vital role in shaping the company’s operational landscape. Investors and market participants alike will be monitoring this situation closely as the company works to define its path forward.

For media inquiries, please contact Mats Ektvedt at +47 41 42 33 28 or via email at [email protected]

Stay tuned for updates as the company navigates this pivotal moment in its journey.