October 31, 2025 - Aker Solutions has delivered strong growth and solid margins
in the third quarter of 2025. Several milestones have been met on the project
portfolio in the period. The company now expects revenues in 2025 to exceed NOK
60 billion.
3Q 2025 Financial Highlights
(excluding special items)
· Revenue NOK 17.0 billion
· EBITDA NOK 1.5 billion
· EBITDA margin 8.8 percent
· Earnings per share NOK 1.79
· Net cash position NOK 2.5 billion
· Order intake NOK 10.3 billion (0.6x book-to-bill)
· Order backlog NOK 61.7 billion
"In a period of sustained high activity, we continue to reach important
milestones across a range of projects while delivering strong revenue growth.
This is a clear testament to the expertise and commitment of our people," said
Kjetel Digre, Chief Executive Officer at Aker Solutions.
"Looking ahead, we are preparing for changing market conditions by improving our
own efficiency as well as working with partners to mature future prospects into
commercially sound energy projects," said Digre.
Key Developments
Third-quarter revenue increased to NOK 17.0 billion from NOK 13.2 billion in the
same period last year. This represents a 29 percent increase. EBITDA excluding
special items was NOK 1.5 billion, up from NOK 1.2 billion one year ago. The
financial results in the quarter were driven by solid operational performance
across Aker Solutions' business segments and the contribution from the 20
percent ownership in SLB OneSubsea. The underlying EBITDA margin for the quarter
was 8.8 percent, or 7.2 percent excluding net income from SLB OneSubsea.
Activity levels continue to be high across business segments and locations.
During the quarter, Aker Solutions met all key milestones in the Aker BP project
portfolio and celebrated the official opening of the Ormen Lange Phase 3
project, where SLB OneSubsea has delivered the subsea compression system.
Order intake for the quarter was NOK 10.3 billion, and the secured backlog at
the end of the quarter stood at NOK 61.7 billion.
The net cash position increased to NOK 2.5 billion in the quarter. Working
capital reversal represented a cash outflow of NOK 548 million in the quarter,
while CAPEX was NOK 94 million. During the quarter, Aker Solutions received
dividends from its 20 percent ownership in SLB OneSubsea of NOK 142 million.
In the Renewables and Field Development segment, revenues increased 36 percent
to NOK 12.5 billion with an underlying EBITDA margin of 8.0 percent. The legacy
lump-sum projects continued to be a drag on margins in the period and commercial
discussions with clients and sub-contractors are ongoing on these projects. The
second-generation renewables projects with balanced risk-reward profiles are
progressing well with healthy margins.
The Life Cycle segment reported revenues of NOK 3.8 billion with an underlying
EBITDA margin of 7.2 percent in the quarter, driven by solid performance on long
-term frame agreements and modification projects.
SLB OneSubsea, where Aker Solutions owns 20 percent, reported revenues of NOK
9.9 billion with an underlying EBITDA margin of 18.4 percent in the quarter. In
the first three quarters of 2025, revenue in SLB OneSubsea was NOK 30.3 billion
with an underlying EBITDA margin of 19.9 percent. The company has a solid
financial position and an attractive dividend policy with ambitions to
distribute about USD 280 million to its shareholders in 2025.
Outlook and Guidance
Based on secured revenues and backlog for the remainder of the year, Aker
Solutions expects full-year 2025 revenues to exceed NOK 60 billion. EBITDA
margins, excluding net income from SLB OneSubsea, are expected to be between 7.0
and 7.5 percent for the full year 2025. At this early stage, Aker Solutions
expects 2026 revenues to be around NOK 45 billion.
ENDS
Preben Ørbeck
investor relations
preben.orbeck@akersolutions.com
+47 470 10 611
Hallvard Norum
media contact
hallvard.norum@akersolutions.com
+47 913 80 820
Aker Solutions delivers integrated solutions, products and services to the
global energy industry. We enable low-carbon oil and gas production and develop
renewable solutions to meet future energy needs. By combining innovative digital
solutions and predictable project execution we accelerate the transition to
sustainable energy production. Aker Solutions employs approximately 12,000
people in more than 15 countries.
Visit akersolutions.com and connect with us on
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This press release may include forward-looking information or statements and is
subject to our disclaimer, see https://akersolutions.com
This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.
This stock exchange release was published by Hallvard Norum, VP Media &
Channels, Aker Solutions, on October 31, 2025 at 07:00 CET.