Norway · Delayed Price · Currency is NOK Aker ASA Earnings Call Transcripts
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 rose to NOK 67.5 billion, with a 20% share price increase and nearly 50% total shareholder return year-to-date. Strong performance in energy, AI infrastructure, and real estate, with NOK 4 billion in dividends and robust liquidity.
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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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Announced major restructuring of Aker Horizons and Aker Carbon Capture, with significant asset sales and capital returns. Net asset value rose to NOK 61.9 billion, share price up 13%, and dividend policy maintained. Portfolio focus remains on energy, digitalization, and AI.
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.