#Norway #Oslo #Aker Solutions #SLB OneSubsea #Ormen Lange

Aker Solutions Reports Strong Third Quarter Results for 2025

Aker Solutions announced an impressive performance in the third quarter of 2025, highlighted by significant revenue growth and milestone achievements across multiple projects. The company's revenues soared to NOK 17.0 billion, marking a substantial 29 percent increase compared to the same period last year, reflecting its robust operational capabilities and strategic positioning in the market.

The strong financial results can be attributed to several factors, including solid operational efficiency across the company's various business segments and the contribution from its 20 percent ownership stake in SLB OneSubsea. The EBITDA for the quarter, excluding special items, stood at NOK 1.5 billion, with an EBITDA margin of 8.8 percent. This strong performance underscores Aker Solutions' commitment to delivering value to its stakeholders.

Key Financial Highlights

• - Revenue: NOK 17.0 billion
• - EBITDA: NOK 1.5 billion
• - EBITDA Margin: 8.8 percent
• - Earnings Per Share: NOK 1.79
• - Net Cash Position: NOK 2.5 billion
• - Order Intake: NOK 10.3 billion
• - Order Backlog: NOK 61.7 billion

CEO Kjetel Digre expressed confidence in the company's operations, declaring, "In a period of sustained high activity, we continue to meet important milestones across various projects while achieving strong revenue growth. This is a clear testament to our team's expertise and commitment."

Milestones and Developments

During the third quarter, Aker Solutions successfully met all key milestones within its project portfolio, including the official launch of the Ormen Lange Phase 3 project, where SLB OneSubsea recently delivered the advanced subsea compression system. The company has maintained high activity levels across its business segments, supporting its optimistic outlook for the remainder of the year.

The Renewables and Field Development segment demonstrated exceptional growth, with revenues reaching NOK 12.5 billion, reflecting a 36 percent increase year-on-year. However, the legacy lump-sum projects continued to challenge margins, prompting ongoing discussions with clients and subcontractors to address these concerns. Aker Solutions remains optimistic about the future, particularly for second-generation renewable projects, which show balanced risk and reward profiles, along with promising margins.

The Life Cycle segment also performed well, generating NOK 3.8 billion in revenues with an EBITDA margin of 7.2 percent, fueled by strong long-term agreements and modification work. Aker's strategic focus on operational excellence is evident in these results.

Future Outlook

Looking ahead, Aker Solutions anticipates revenues for the full year of 2025 to exceed NOK 60 billion, supported by the secured order backlog and ongoing projects. The company has guided for EBITDA margins, excluding income from SLB OneSubsea, to range between 7.0 and 7.5 percent for the year. As a proactive measure against fluctuating market conditions, Aker Solutions is enhancing its operational efficiency and collaborating with partners to convert future prospects into viable energy projects.

The net cash position increased to NOK 2.5 billion in the third quarter, although a working capital reversal resulted in a cash outflow of NOK 548 million. Still, despite these challenges, Aker Solutions remains in a strong financial position, with plans to distribute approximately USD 280 million to shareholders in 2025 based on their holdings in SLB OneSubsea, which reported revenues of NOK 30.3 billion in the first three quarters.

In summary, Aker Solutions' strong third-quarter performance in 2025 highlights its ability to navigate challenges while achieving significant milestones across its portfolio, positioning itself strongly for future growth as it adapts to changing market dynamics.