Aker Solutions Reports Strong Q3 2025 Growth and Significant Project Success

Aker Solutions ASA Third-Quarter Results 2025

Aker Solutions ASA has announced impressive growth in its third-quarter results for 2025, showcasing solid financial performance and meeting multiple key project milestones. The company's CEO, Kjetel Digre, highlighted the achievements during a period of sustained high activity, saying, "This is a clear testament to the expertise and commitment of our people."

Financial Overview

In Q3 2025, Aker Solutions recorded a revenue of NOK 17.0 billion, marking a significant 29% increase compared to NOK 13.2 billion in Q3 2024. EBITDA, excluding special items, reached NOK 1.5 billion, which is up from NOK 1.2 billion from the previous year, resulting in an EBITDA margin of 8.8%. Earnings per share also saw a boost, reaching NOK 1.79, while the net cash position increased by NOK 2.5 billion.

The company experienced a strong order intake of NOK 10.3 billion, leading to a backlog of NOK 61.7 billion. This impressive order intake represents a book-to-bill ratio of 0.6, showcasing the company's solid demand and customer trust in its capabilities.

Key Developments

Aker Solutions successfully met several critical milestones, particularly within its project portfolio. Notably, the opening of the Ormen Lange Phase 3 project highlighted the company’s growth in subsea technology, where SLB OneSubsea successfully delivered a subsea compression system.

In the Renewables and Field Development segment, revenues surged by 36% to NOK 12.5 billion, with an underlying EBITDA margin of 8.0%. Notably, legacy lump-sum projects have posed challenges but discussions with clients and subcontractors are ongoing to mitigate these issues. Moreover, second-generation renewables projects are progressing positively, exhibiting robust margins.

The Life Cycle segment showed revenues of NOK 3.8 billion and an underlying EBITDA margin of 7.2%, owing to strong performance in long-term frame agreements and modification projects.

The collaboration with SLB OneSubsea—where Aker owns a 20% stake—contributed NOK 9.9 billion in revenue this quarter, with an impressive EBITDA margin of 18.4%. Overall, SLB OneSubsea reported NOK 30.3 billion in revenue during the first three quarters of 2025.

Outlook and Expectations

With secured revenues and a strong backlog, Aker Solutions anticipates that full-year revenues for 2025 will surpass NOK 60 billion, showcasing the company’s ordered approach to sustained growth. The anticipated EBITDA margins, excluding income from SLB OneSubsea, are projected to be between 7.0% and 7.5% for the full year. Furthermore, early predictions for 2026 forecast revenues of around NOK 45 billion, indicating continued stability and positive market outlook.

As the company navigates through changing market conditions, it is focusing on improving operational efficiency and partnering with stakeholders to convert future prospects into commercially viable energy projects.

Aker Solutions continues to reinforce its position within the energy sector, harnessing its expertise to meet the evolving demands of its clientele and forging ahead in energy innovation and development.