Aker Horizons ASA Reports Significant Structural Changes in First Half of 2025

Aker Horizons ASA Reports Significant Structural Changes in First Half of 2025



On July 15, 2025, Aker Horizons ASA, known for its commitment to green energy and industrial development, shared its financial and operational results for the first half of the year. The report highlighted crucial structural changes within the company, intended to enhance future growth and sustainability.

In its announcement, Aker Horizons revealed plans for a merger involving its subsidiary, Aker Horizons Holding, with Aker MergerCo, a part of Aker ASA. This strategic move is set against the backdrop of the company restructuring its financial and operational strategy. Aker Horizons Holding encompasses all business operations of Aker Horizons, along with investments in notable projects like Aker Carbon Capture ASA (ACC) and Mainstream Renewable Power. The merger is expected to yield shares in Aker ASA along with cash compensation for shareholders of Aker Horizons.

The restructuring follows a comprehensive strategic review aimed at refinancing the company's initiatives and enhancing capital efficiency. On the same day as the merger announcement, ACC also declared the sale of its 20% stake in SLB Capturi to Aker ASA, a move expected to streamline its focus on accelerated exits from certain offshore wind projects deemed no longer commercially viable.

Throughout the first half of 2025, Aker Horizons recorded a consolidated net loss of NOK 338 million from continuing operations, primarily attributed to interest expenses and losses incurred from foreign exchange hedges during this period. Furthermore, the company faced a significant consolidated net loss from discontinued operations amounting to NOK 1,863 million. This figure includes non-recurring expenses such as a NOK 263 million loss due to the SLB Capturi stake sale, alongside a NOK 466 million write-down linked to the offshore wind assets.

Despite the challenges reflected in the current financial report, Aker Horizons remains optimistic about its trajectory post-merger, considering its projected cash position of approximately NOK 20 million after the merger completion. Shareholders not associated with Aker Capital will benefit from the merger consideration, which includes NOK 0.267963 in cash and 0.001898 shares in Aker ASA for each AKH share owned. The merger is slated for completion in August 2025, and shareholders will retain their existing shares in AKH post-transaction.

Moving forward, the company's board plans to refine Aker Horizons' strategy and operational structure in light of the merger, promising updates as developments unfold. The management team reassures stakeholders of Aker Horizons' commitment to maintain its stronghold in the green energy sector while adapting to the evolving corporate landscape.

In summary, while Aker Horizons faces immediate financial challenges, the strategic adjustments signal a proactive approach to securing its future growth potential in the green energy market. Investors and stakeholders are encouraged to stay tuned for further updates regarding the merger and future business strategies. This dynamic shift in Aker Horizons' operations is poised to redefine the company's path and its contribution to sustainable energy solutions in the years to come.

Topics Energy)

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