#Norway #Oslo #Aker Solutions #Kjetel Digre #SLB OneSubsea

Aker Solutions ASA Reports Fourth-Quarter and Full-Year 2025 Results

Aker Solutions ASA, a leader in providing engineering solutions for energy companies, has announced strong financial results for the fourth quarter and full year of 2025, highlighting an exceptional phase of operational activity. The company reported a notable net cash position of NOK 3.7 billion, driven primarily by impressive cash generation and dividends originating from its 20 percent ownership stake in SLB OneSubsea.

Financial Highlights

For the entire fiscal year 2025, Aker Solutions achieved:

• - Revenue: NOK 63.2 billion
• - EBITDA: NOK 5.3 billion
• - EBITDA Margin: 8.4%
• - Earnings per Share: NOK 6.10
• - Order Intake: NOK 66.4 billion, resulting in a book-to-bill ratio of 1.1.

In the fourth quarter alone, the company reported:

• - Revenue: NOK 16.7 billion, up from NOK 15.7 billion year-over-year
• - EBITDA: NOK 1.3 billion with a margin of 7.9%
• - Earnings per Share: NOK 1.50
• - Order Intake: NOK 19.6 billion and a book-to-bill ratio of 1.2.

This robust financial performance underscores Aker Solutions' commitment to achieving the ambitious targets set back in 2020, reflecting solid project execution and continuous innovation across the organization.

Leadership Insights

Kjetel Digre, the Chief Executive Officer of Aker Solutions, expressed optimism regarding the organization's future, stating, “Our results for the quarter and the full year demonstrate that we have delivered on the ambitious targets set back in 2020.” He noted positive positioning for the company in markets that extend beyond the current project horizon, emphasizing efforts to broaden their offerings and support long-term value creation.

Major Developments in Q4 2025

During the fourth quarter, the company saw a revenue growth of 6 percent compared to the same quarter of the previous year, which is a commendable achievement. The yearly growth of 19 percent in revenue is a clear indicator of Aker Solutions' strong market presence and operational efficiency.

Additionally, Aker Solutions' total order intake for 2025 was impressive at NOK 66.4 billion, leading to a secured backlog of NOK 64.8 billion at year-end. The net cash position reflects the success the company has had in enhancing its financial health despite the fickle nature of market conditions.

Outlook for 2026

Looking ahead, Aker Solutions anticipates revenues in the range of NOK 45 to 50 billion for 2026. The company is taking proactive measures to adjust its capacity and operational costs in line with expected activity levels. Projected EBITDA margins, excluding contributions from SLB OneSubsea, are expected to range between 7.0% and 7.5% in the upcoming year.

Furthermore, the company continues to maintain a robust order backlog and is actively engaged in high-activity levels within tenders and early-phase studies. Life Cycle services have secured significant long-term frame agreements for maintenance and modification services, which promises visibility on activity levels for the foreseeable future.

SLB OneSubsea's Contribution

Aker Solutions' strategic partnership with SLB OneSubsea is expected to remain a vital element for value creation within the organization. In 2025, SLB OneSubsea reported revenues of USD 3.8 billion and an EBITDA margin of 19.4%. The company aims to secure new orders exceeding USD 9 billion over the next two years, facilitating growth as they approach 2027 and beyond.

Commitment to Shareholder Value

The Board of Directors plans to propose a dividend of NOK 3.60 per share for the fiscal year 2025, showcasing the company's commitment to maintaining a strong shareholder return amidst their financial accomplishments. This proposed dividend, pending approval at the Annual General Meeting on April 16, 2026, would represent about 60% of net income excluding special items, in alignment with the company's regular dividend policy.