Aker Horizons ASA Reports Structural Changes and Financial Results for H1 2025
Aker Horizons ASA Reveals H1 2025 Outcomes and Future Strategy
Aker Horizons ASA (OSE: "AKH"), a leader in green energy and industry development, disclosed its financial results for the first half of 2025, highlighting critical structural alterations within the organization. As part of its ongoing strategy to enhance efficiencies and bolster its market position, the company plans to merge its subsidiary, Aker Horizons Holding, with Aker MergerCo, which is a wholly owned subsidiary of Aker ASA. This significant transaction was announced on May 9, 2025, and is expected to convert into shares of Aker ASA and cash as part of the merger consideration.
The structural changes will unite all operational activities of Aker Horizons, including its holdings in Aker Carbon Capture ASA (ACC) and investments in other renewable energy projects like Mainstream Renewable Power and SuperNode, as well as properties located in Narvik. This strategic move comes alongside ACC’s sale of its 20% stake in SLB Capturi to Aker ASA’s subsidiary, a transaction completed shortly thereafter on May 14, 2025. This merger and the sale reflect Aker Horizons' thorough analysis of potential refinancing options aimed at strengthening its financial standing in a rapidly evolving energy market.
As a result of the merger's finalization, shareholders of AKH—excluding Aker Capital—will receive approximately NOK 0.267963 in cash and 0.001898 shares of Aker ASA for each share they own in AKH once the merger concludes, anticipated for August 2025. Upon completion, Aker Horizons is expected to maintain a cash reserve of around NOK 20 million along with convertible debts totaling NOK 1.6 billion. Importantly, the shareholders will retain their AKH shares post-merger, allowing continuous investment in the firm as it reestablishes its strategic direction.
In terms of financial performance, Aker Horizons reported a substantial consolidated net loss from continuing operations in H1 2025, amounting to NOK 338 million primarily due to interest expenses and losses on foreign exchange hedges. The situation reflects challenges faced by the energy sector, compounded by global economic fluctuations.
The merger's associated company description is recognized in the H1 2025 financial reports as discontinued operations, indicating that the businesses earmarked for merging are currently categorized as held-for-sale. Within this context, Aker Horizons reported a staggering consolidated net loss of NOK 1,863 million from discontinued operations, which incorporates several one-off items. This includes a significant NOK 263 million loss attributed to the sale of ACC’s remaining stake in SLB Capturi AS along with the write-down of certain offshore wind assets, valued at NOK 466 million. The latter step originates from the company's decision to expedite divestment from offshore wind projects assessed as commercially unfavorable moving forward.
The company is committed to enhancing its strategic direction post-merger and intends to present updated insights shortly thereafter. Stakeholders are encouraged to follow announcements through official channels for ongoing developments.
For inquiries regarding the report, investor relations can be contacted through Jonas Gamre at +47 97 11 82 92 or via email at [email protected]
This announcement contains inside information as prescribed by the EU Market Abuse Regulation, complying with legal regulations under the Norwegian Securities Trading Act § 5-12. The content was officially published by Mats Ektvedt, Partner in Corporate Communications, on July 15, 2025, at 0700 CET.