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Aker ASA's 2024 Fourth Quarter and Preliminary Annual Results

Aker ASA has unveiled its impressive financial results for the fourth quarter of 2024, showcasing a robust Net Asset Value (NAV) of NOK 58.2 billion. This marked a year-end increase from NOK 57.0 billion at the end of the previous quarter. The company attributed this growth to strong project execution and successful transactions across its subsidiaries, culminating in substantial dividend distributions.

Aker’s Board of Directors has proposed a cash dividend of NOK 26.50 per share for the fiscal year 2024. This proposal reflects the company’s consistent dividend policy and marks an exciting continuation of its shareholder-friendly approach. In total, Aker distributed NOK 2.6 billion in dividends for the last quarter of the year. For 2024, the total dividend paid per share amounts to NOK 51, which demonstrates Aker's commitment to returning value to its shareholders.

The CEO of Aker ASA, Øyvind Eriksen, expressed optimism about the company’s prospects amidst a challenging macroeconomic landscape. He stated, "While we face political and economic uncertainties, our core segments are performing admirably, and we are actively seeking new opportunities with a disciplined strategy."

Significantly, the financial metrics for the fourth quarter include:

• - Gross Asset Value (GAV): NOK 65.4 billion
• - Industrial Holdings: NOK 53.7 billion
• - Financial Investments: NOK 11.7 billion
• - NAV per share: NOK 783
• - Current share price: NOK 549
• - Liquidity: NOK 8.4 billion, including NOK 0.7 billion in cash and liquid assets.

Aker's strategic direction remains clear: to maintain a streamlined and focused portfolio while maximizing upstream cash potential. The company successfully executed deals that generated over NOK 32 billion in dividends from its investments this year, showcasing the alignment of its strategic objectives with operational execution.

Looking ahead, the Aker board has indicated that the possibility of an additional cash dividend will be evaluated in the second half of 2025, in line with historical practices. This forward-looking statement underscores Aker's commitment to sustaining its performance and enhancing shareholder returns.

In summary, Aker ASA's preliminary annual results highlight a solid financial outcome for 2024, characterized by a notable increase in NAV and generous dividend distribution. With a proactive strategy and a robust financial position, Aker ASA is well poised for future success despite the complexities of the current economic environment. Investors and stakeholders can stay updated with Aker’s latest developments by accessing the company’s webcast presentations and financial summaries available on their official website.

For media inquiries, Aker’s Head of Media Relations, Atle Kigen, can be reached at +47 90 78 48 78 or via email at [email protected]. Additionally, Svein Oskar Stoknes, the Chief Financial Officer, can be contacted at +47 94 80 46 43 for investor-related questions.