Norway · Delayed Price · Currency is NOK Aker Horizons ASA Earnings Call Transcripts
Fiscal Year 2025
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Aker Horizons reported a NOK 656 million net loss in Q1, driven by Mainstream's challenging performance and strategic exits, but boosted liquidity with NOK 1.5 billion in ACC dividends. Focus is shifting to core renewables, cost reductions, and new data center opportunities in Norway.
Fiscal Year 2024
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ACC's proposed NOK 3.5 billion dividend will boost liquidity and support capital structure optimization. Mainstream improved commercial margins and advanced key solar and wind projects, while cost reductions remain on track. Net loss narrowed to NOK 657 million in Q4.
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Q3 saw a net loss of NOK 2.2B, driven by impairments and market risks, but liquidity remains strong at NOK 8.8B. Mainstream is focusing on core markets and cost reductions, while asset development pivots to Narvik Green Ammonia and data center opportunities.
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Q2 saw a NOK 4.9B gain from the Aker Carbon Capture-SLB JV, boosting net income to NOK 4.4B. Mainstream advanced key wind and solar projects in Australia, Sweden, Chile, and South Africa, while cost reductions and regulatory wins supported performance.