OSLO, Norway, July 11, 2025 /PRNewswire/ — Aker Solutions reported a robust financial performance for the second quarter and first half of 2025, achieving significant milestones across its project portfolio. The company reiterated its expectation for 2025 revenues to surpass NOK 55 billion, with underlying EBITDA margins projected between 7.0% and 7.5%, excluding contributions from OneSubsea.
Financial Performance Highlights
Q2 2025 (excluding special items):
- EBITDA margin: 8.3%
- Earnings per share: NOK 1.46
- Net cash position: NOK 2.1 billion
- Order intake: NOK 10.9 billion (book-to-bill ratio of 0.7x)
- Order backlog: NOK 68.0 billion
H1 2025 (excluding special items):
- EBITDA margin: 8.4%
- Earnings per share: NOK 2.81
- Order intake: NOK 36.5 billion (book-to-bill ratio of 1.3x)
“We are delivering solid financial results and hitting critical milestones on our major projects, reflecting the tremendous dedication and hard work of our entire organization,” stated Kjetel Digre, CEO of Aker Solutions. “I’m particularly encouraged by our advances in innovation, such as deploying autonomous drones for offshore inspections, which underscores our commitment to integrating cutting-edge technology into our service delivery.”
Key Developments
Second-quarter revenue climbed to NOK 15.2 billion from NOK 12.8 billion a year earlier. Underlying EBITDA, excluding special items and net income from OneSubsea, rose to NOK 1.3 billion compared to NOK 1.2 billion last year, translating to an underlying EBITDA margin of 7.2% (8.3% including OneSubsea).
Performance varied by segment: the Life Cycle business saw revenue surge 30% year-on-year with improved profitability. Conversely, the Renewables and Field Development segment faced ongoing margin pressure from certain legacy lump-sum projects. The company confirmed that commercial discussions with clients and subcontractors concerning these projects are actively progressing.
Operational momentum remained high throughout the first half. Aker Solutions celebrated key project achievements, including the successful delivery and installation of the Valhall PWP substructure for Aker BP and the commencement of CO2 capture operations at Heidelberg Materials’ Brevik cement plant.
The NOK 10.9 billion order intake for Q2 was bolstered by a contract extension for brownfield services with Brunei Shell Petroleum and a major award for the steel substructure at the BalWin 2 offshore wind project in Germany, alongside organic growth on existing projects. The secured order backlog stood at a substantial NOK 68.0 billion at quarter-end.
Aker Solutions maintained a robust net cash position of NOK 2.1 billion. This followed the payment of NOK 1.6 billion in dividends stemming from 2024 results. The quarter also saw the company receive NOK 145 million in dividends from its 20% stake in OneSubsea, consistent with OneSubsea’s target to distribute $250 million to shareholders during 2025.
Outlook
Supported by its strong order backlog and current market dynamics, Aker Solutions anticipates full-year 2025 revenue will exceed NOK 55 billion. The company reaffirms its guidance for the underlying full-year EBITDA margin (excluding OneSubsea net income) to range between 7.0% and 7.5%.
Webcast Presentation
Management will present the Q2 and H1 2025 results via a live webcast today, July 11, beginning at 09:00 CEST. Access the presentation at www.akersolutions.com/webcast.
A live Q&A session will follow the presentation. Investors may submit questions during the webcast or in advance.
Today’s reports, along with historical results, are accessible on the investor relations section of the Aker Solutions website.
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