Norway · Delayed Price · Currency is NOK Aker ASA Earnings Call Transcripts
Fiscal Year 2026
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NAV rose by NOK 40 billion in H1 2026, driven by Nscale's growth, the Cognite sale, and strong Aker BP results. Liquidity will exceed NOK 20 billion post-Cognite, supporting further investments. Aker BioMarine is set to go private, and the portfolio is more focused.
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Net asset value surged by NOK 43 billion in Q1 2026, driven by Aker BP and Nscale, with strong operational and financial results. AI and energy remain key growth drivers, while oil market volatility and geopolitical risks persist.
Fiscal Year 2025
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NAV rose 22.4% to NOK 67.3 billion in 2025, with strong returns from real estate, industrial, and AI investments. Dividend income and cash flow remain robust, while new platforms like Cognite and Nscale drive growth and diversification.
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Net asset value reached NOK 67.5 billion, with strong returns driven by AI infrastructure, industrial software, and real estate. Major contracts and investments in AI data centers and robust performance from Cognite and Aker BP underpin growth.
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Aker, Nscale, and OpenAI announced a 50/50 joint venture to launch Stargate Norway, Europe's first AI gigafactory powered by renewable energy. The facility will deliver 230 MW and 100,000 NVIDIA GPUs, supporting scalable, sovereign AI infrastructure with operations starting next year.
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Net asset value rose to SEK66.5 billion with strong shareholder returns and major portfolio shifts toward real estate, digital infrastructure, and industrial software. Dividend distributions exceeded SEK19 billion in the first half.
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Aker reported strong Q1 results with a 13% share price increase and net asset value up to NOK 61.9 billion, driven by portfolio restructuring and robust dividend income. Major transactions include the Aker Horizons merger and Aker Carbon Capture JV stake acquisition.
Fiscal Year 2024
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Net asset value rose to NOK 58.2 billion after dividends, with strong portfolio activity and record dividend distributions in 2024. Aker BP and Cognite delivered standout performance, while the group remains focused on cash-generative investments amid ongoing market volatility.
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Announced a total 2024 dividend of NOK 51 per share and raised the dividend policy to 4%-6% of net asset value. Net asset value declined to NOK 57 billion, mainly due to lower oil prices, but cash generation and liquidity remain strong.
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Net asset value rose to NOK 63.9 billion in Q2, driven by gains in Aker Solutions, Aker BioMarine, and Aker BP. Key transactions included the Solstad Maritime refinancing, a major JV in carbon capture, and divestments in shipyard and feed ingredients. Focus remains on streamlining and cash-yielding investments.