#Financial Performance #Norway #Oslo #Aker Solutions #Q2 Results

Aker Solutions Posts Strong Financial Performance for Q2 and H1 2026

Aker Solutions ASA has released its financial results for the second quarter and the first half of 2026, showcasing solid growth and project accomplishments. The company’s leadership is optimistic about the future as they hit numerous significant project milestones during this period.

Financial Highlights

In the second quarter alone, Aker Solutions reported revenue of NOK 13.1 billion, with an EBITDA of NOK 1.2 billion, signaling an EBITDA margin of 9.2%. Excluding net profit contributions from SLB OneSubsea, the margin stood at 7.9%. The earnings per share for this quarter were NOK 1.37.

For the first half of the year, Aker Solutions accrued a total revenue of NOK 26.5 billion, with an EBITDA of NOK 2.4 billion, leading to an EBITDA margin of 8.9%. Again, excluding impacts from SLB OneSubsea, this margin was slightly lower at 7.8%, while earnings per share climbed to NOK 2.67.

Orders and Backlog

A robust order intake of NOK 9.9 billion for the second quarter, although slightly below the book-to-bill ratio at 0.8x, significantly contributed to a growing backlog, which now stands at NOK 77.2 billion. Notable contract awards include a long-term frame agreement with Cenovus Energy in Canada and significant projects related to HVDC substructures and hydropower equipment.

Key Milestones and Operations

The operational highlights for Aker Solutions in this fiscal period were impressive. Key milestones included the load-out of the Hugin B topside destined for Aker BP, along with the commencement of construction for the next-generation carbon capture and storage (CCS) projects in Norway. These advancements contribute substantially to the company’s strategic goals and reinforce its market position.

Kjetel Digre, the CEO of Aker Solutions, expressed pride in the company’s achievements. He stated, “We continue to meet milestones across a broad range of projects, and we are gearing up for major deliveries to Aker BP. This is a period in which our organization can take pride.” He further highlighted ongoing initiatives designed to boost value for clients and enhance competitive capabilities.

The company’s financial standing remains robust, with net cash reserves totaling NOK 4.3 billion. Shareholders were rewarded with a distribution totaling NOK 4.2 billion through both ordinary and extraordinary cash dividends.

Future Outlook

Looking ahead to the remainder of 2026, Aker Solutions forecasts total revenue between NOK 50 to 55 billion, with an anticipated underlying EBITDA margin of approximately 7.5%, exclusive of profits from SLB OneSubsea. The company holds a 20% stake in SLB OneSubsea, which is expected to continue contributing positively in future quarters.

The second-quarter and half-year results were presented through a webcast on July 14, 2026. Following the presentation, a Q&A session allowed for direct interaction, with written inquiries encouraged from participants.

In conclusion, Aker Solutions is positioned for further growth as it continues to launch initiatives focused on enhancing value and operational efficiency. The strong financial results for Q2 2026 reflect the company’s resilience and capacity to navigate the complexities of the market while achieving excellence in project delivery.