Aker Solutions ASA: Second-quarter and half-year results 2025

Rhea-AI Summary

Aker Solutions (AKRYY) reported strong Q2 2025 financial results with revenue reaching NOK 15.2 billion, up from NOK 12.8 billion year-over-year. The company achieved an EBITDA of NOK 1.3 billion with an 8.3% margin. Key highlights include:

The Life Cycle segment showed impressive 30% revenue growth year-over-year with improved margins. The company maintains a robust order backlog of NOK 68.0 billion and a net cash position of NOK 2.1 billion. Notable achievements include the Valhall PWP substructure delivery and first CO2 capture at Heidelberg's Brevik cement plant.

Looking ahead, Aker Solutions expects 2025 revenue to exceed NOK 55 billion with EBITDA margins between 7.0-7.5% excluding OneSubsea income.

Positive

• Revenue increased to NOK 15.2 billion from NOK 12.8 billion YoY
• Life Cycle segment achieved 30% revenue growth with improved margins
• Strong order backlog of NOK 68.0 billion
• Healthy net cash position of NOK 2.1 billion
• Received NOK 145 million in dividends from OneSubsea stake

Negative

• Legacy lump-sum projects in Renewables and Field Development segment affecting margins negatively
• Order intake declined to NOK 10.9 billion with book-to-bill ratio of 0.7x in Q2
• Ongoing commercial discussions with clients and subcontractors indicating project challenges

OSLO, Norway, July 11, 2025 /PRNewswire/ -- Aker Solutions delivered solid financial performance in the second quarter and in the first half of 2025. Several key project portfolio milestones were met during the quarter. Aker Solutions continues to expect 2025 revenues to exceed NOK 55 billion with EBITDA margins of between 7.0 and 7.5 percent excluding net income from OneSubsea.

2Q 2025 Financial highlights
(excluding special items)

• Revenue NOK 15.2 billion

• EBITDA NOK 1.3 billion

• EBITDA margin 8.3 percent

• Earnings per share NOK 1.46

• Net cash position NOK 2.1 billion

• Order intake NOK 10.9 billion (0.7x book-to-bill)

• Order backlog NOK 68.0 billion

1H 2025 Financial highlights
(excluding special items)

• Revenue NOK 29.5 billion

• EBITDA NOK 2.5 billion

• EBITDA margin 8.4 percent

• Earnings per share NOK 2.81

• Order intake NOK 36.5 billion (1.3x book-to-bill)

"We continue to deliver solid financial results while achieving key milestones on our major projects, and I am proud of the dedication and hard work demonstrated by our organization," said Kjetel Digre, Chief Executive Officer at Aker Solutions.

"I am also pleased to see our drive for innovation and the integration of leading-edge technology into our services, such as the use of autonomous drones for offshore inspections," said Digre.

Key developments

Revenue in the second quarter increased to NOK 15.2 billion from NOK 12.8 billion in the same period last year. EBITDA excluding special items increased to NOK 1.3 billion compared with NOK 1.2 billion a year ago. The underlying EBITDA margin for the quarter was 8.3 percent, or 7.2 percent, excluding net income from OneSubsea.

In the Life Cycle segment, revenues grew by 30 percent compared to the same period last year, with improved margins. In the Renewables and Field Development segment, the legacy lump-sum projects continued to be a drag on margins. Commercial discussions are ongoing with clients and subcontractors on these projects.

During the first half of 2025, Aker Solutions experienced high activity across our locations, reaching several important milestones in the project portfolio, including the delivery and installation of the Valhall PWP substructure for Aker BP, and the official opening and first capture of CO2 at Heidelberg's cement plant at Brevik. 

Order intake for the quarter was NOK 10.9 billion. This was driven by the extension of the brownfield services contract with Brunei Shell Petroleum and an award for the steel substructure for the BalWin 2 offshore wind project in Germany, as well as growth in existing projects. The secured backlog at the end of the quarter stood at NOK 68.0 billion.  

The net cash position was NOK 2.1 billion at the end of the quarter, after payment of NOK 1.6 billion in dividends based on the financial results in 2024. During the quarter, Aker Solutions received dividends from our 20 percent stake in OneSubsea of NOK 145 million, in line with OneSubsea's announced targets to distribute USD 250 million to its shareholders in 2025.

Outlook and guidance

Based on the secured backlog and market activity, full year revenue in 2025 is expected to exceed NOK 55 billion. The underlying EBITDA margin, excluding net income from OneSubsea, is expected to be between 7.0 and 7.5 percent for the full year 2025.

Webcast presentation

The second-quarter and half-year results will be presented by webcast today, July 11, at 09:00 CEST. To attend the presentation, go to www.akersolutions.com/webcast.

A Q&A session will follow the presentation. Written questions can be submitted live through the online solution or sent in advance to our head of investor relations: preben.orbeck@akersolutions.com.

An opportunity for individual press interviews will follow the webcast. Please direct your interest to our global media contact: hallvard.norum@akersolutions.com

The reports published today, and previous reports, are also available on our website at https://www.akersolutions.com/investors/quarterly-results/ 

CONTACT:

Preben Ørbeck
investor relations
preben.orbeck@akersolutions.com 
+47 470 10 611

Hallvard Norum
media contact
hallvard.norum@akersolutions.com 
+47 913 80 820

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/aker-solutions-asa/r/aker-solutions-asa-second-quarter-and-half-year-results-2025,c4205793

The following files are available for download:

https://mb.cision.com/Public/18353/4205793/89be87d7ff58e5c3.pdf	Half-year-results-2025
https://mb.cision.com/Public/18353/4205793/a8787396283fa29b.pdf	2Q-2025-Presentation

 

View original content:https://www.prnewswire.com/news-releases/aker-solutions-asa-second-quarter-and-half-year-results-2025-302503087.html

SOURCE Aker Solutions ASA

FAQ

What were Aker Solutions (AKRYY) key financial results for Q2 2025?

Aker Solutions reported Q2 2025 revenue of NOK 15.2 billion, EBITDA of NOK 1.3 billion, and earnings per share of NOK 1.46. The EBITDA margin was 8.3%.

What is Aker Solutions' revenue guidance for full-year 2025?

Aker Solutions expects full-year 2025 revenue to exceed NOK 55 billion with EBITDA margins between 7.0-7.5% excluding OneSubsea income.

How much is Aker Solutions' current order backlog?

Aker Solutions maintains an order backlog of NOK 68.0 billion as of Q2 2025, with Q2 order intake at NOK 10.9 billion.

What was the performance of Aker Solutions' Life Cycle segment in Q2 2025?

The Life Cycle segment demonstrated strong performance with 30% revenue growth compared to the same period last year, accompanied by improved margins.

What is Aker Solutions' current cash position?

Aker Solutions reported a net cash position of NOK 2.1 billion at the end of Q2 2025, after paying NOK 1.6 billion in dividends based on 2024 results.