#Norway #Oslo #Equinor #Aker Solutions #SLB OneSubsea

Aker Solutions Reports Strong First-Quarter Results

Aker Solutions ASA has revealed its financial performance for the first quarter of 2026, showcasing a robust recovery from the peak levels experienced in 2025. With a total revenue of NOK 13.4 billion for Q1, the company continues to demonstrate resilience in the ever-evolving energy sector.

The key financial milestones for Aker Solutions in Q1 2026 include an Order Intake of NOK 28.8 billion, propelling the secured order backlog to NOK 80.2 billion by the end of March. This impressive book-to-bill ratio of 2.2 signifies strong client demand, particularly as the company focuses on long-term maintenance and modification services in collaboration with industry leaders such as Equinor and Aker BP.

CEO Kjetel Digre commented on these positive results, stating, "In the first quarter, we delivered solid financials and a strong order intake, while our major projects continue to progress according to plan. This performance reflects the skills, commitment, and dedication of our people." The company remains committed to enhancing its position in emerging markets, specifically exploring opportunities in small modular reactors—a sign of proactive strategic planning amid changing energy landscapes.

The company's overall financial health is underscored by a solid net cash position, which grew to NOK 8.7 billion, including investments in liquid funds. This growth was partly fueled by the successful sale of shares in SLB, which amounted to NOK 2.5 billion. Such strategic maneuvers highlight Aker Solutions' commitment to maximizing shareholder value, further demonstrated by the approval of an ordinary and extraordinary dividend totaling NOK 8.60 per share, already distributed to investors as of April 27, 2026.

Financial Highlights

• - Revenue: NOK 13.4 billion
• - EBITDA: NOK 1.2 billion
• - EBITDA Margin: 8.6%
• - Earnings Per Share: NOK 1.31
• - Order Backlog: NOK 80.2 billion

Looking ahead, Aker Solutions anticipates full-year revenue for 2026 to reach approximately NOK 50 billion, maintaining an underlying EBITDA margin between 7.0% and 7.5%. The company is strategically positioned with a solid backlog and an increasing tender pipeline, coupled with high activity in early-phase consulting and engineering studies, thus preparing the ground for future opportunities while enhancing operational efficiencies.

In summary, Aker Solutions' first-quarter report not only reflects positive financial results but also showcases the company's strategic foresight in navigating the complexities of the modern energy sector. With a strong foundation and a clear vision for future growth, Aker Solutions looks poised to thrive in the coming quarters.

Conclusion

In conclusion, the financial results for Q1 2026 signify Aker Solutions' resilience and operational prowess in the face of industry challenges. As the energy landscape transforms, Aker is well-equipped to navigate these changes, ensuring continued growth and value for its shareholders. The proactive measures taken to expand into emerging markets and strengthen client relationships position them favorably for the years to come.