Aker ASA
OSE:AKER

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Aker ASA
OSE:AKER
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Price: 779 NOK 1.43% Market Closed
Market Cap: 57.9B NOK

Aker ASA
Investor Relations

Aker ASA is a Norwegian industrial investment company with deep roots in the maritime and energy sectors, tracing its origin back to 1841. The company’s journey from a small shipyard on the banks of the Oslo fjord to a modern investment powerhouse reflects Norway's broader transformation from a maritime nation into a diversified industrial economy. At the heart of Aker's operations is a strategic and active ownership philosophy, where it not only injects capital but also leverages management expertise and industry insights to stimulate growth within its portfolio companies. With investments spanning offshore oil and gas, renewable energy, and seafood, Aker is keenly focused on sectors that are integral to the world’s economic and environmental future. Each investment is carefully chosen to complement its existing portfolio, thereby creating synergies that amplify its growth potential.

Aker ASA's business model revolves around generating value through strategic ownership and long-term engagement with its subsidiaries. The company operates through its holding in publicly listed and private companies, extracting value from dividends, capital gains, and consulting services. Each portfolio company is a leader in its field; for instance, Aker BP in oil exploration and production, and Aker Solutions in engineering services for the energy sector. Aker’s commitment to innovation and sustainability is underscored by its investments in renewable energy through Aker Horizons, reflecting a shift towards clean technologies. As each subsidiary thrives, Aker reaps financial rewards that fuel further investments, creating a robust cycle of wealth generation that increasingly focuses on sustainable solutions. This dynamic approach positions Aker not just as an investor, but as a catalyst of industrial progress across multiple sectors.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 4, 2025
AI Summary
Q3 2025

Net Asset Value: Aker's net asset value increased to NOK 67.5 billion (NOK 909 per share), with the share price rising nearly 20% and outperforming the Oslo Stock Exchange Benchmark Index and the oil price.

Shareholder Returns: Year-to-date total shareholder return is nearly 50%, including dividends, and a second dividend of NOK 26.5 per share was approved, bringing the total to NOK 53 per share.

AI Infrastructure Push: Major progress in AI data center investments via the Aker Nscale JV, including a USD 6.2 billion, 5-year contract with Microsoft and a landmark agreement with OpenAI.

Strong Portfolio Contributions: Core energy business and newer platforms (AI infrastructure, industrial software, real estate) all contributed significantly; Cognite saw SaaS bookings up 425% YoY.

Real Estate Expansion: Continued expansion and operational focus in real estate, with new holdings in Sveafastigheter and active management of more than NOK 100 billion in property values.

Financial Strength: Liquidity remains robust, net interest-bearing debt reduced to NOK 1.7 billion, and loan-to-value ratio at 10%.

No JV IPO Planned: No immediate IPO for the Aker Nscale JV, but possibility to exchange JV stake for Nscale shares ahead of a future Nscale IPO.

Key Financials
Net Asset Value
NOK 67.5 billion
Net Asset Value per Share
NOK 909
Share Price Increase
up nearly 20%
Total Shareholder Return
nearly 50% year-to-date
Dividend per Share
NOK 53
Total Dividend
NOK 4 billion
Listed Equity Investments
NOK 55 billion
Unlisted Equity Investments
NOK 13 billion
Cash and Other Assets
NOK 112 per share
Cash Balance
NOK 1.2 billion
Gross Asset Value (fair value adjusted)
NOK 76.8 billion
Value-Adjusted Equity Ratio
88%
Total Liabilities
NOK 9.3 billion
Bond Debt and Bank Loans
NOK 8.2 billion
Net Interest-Bearing Debt
NOK 1.7 billion
Loan-to-Value Ratio
10%
Weighted Average Debt Maturity
3 years
Effective Loan Maturity with Extensions
4.1 years
Liquidity Buffer
NOK 7.8 billion
Revolving Credit Facilities (after quarter end)
NOK 12 billion
Operating Expenses (Q3)
NOK 103 million
Dividend Income (Q3)
NOK 1.1 billion
Profit Before Tax (Q3)
NOK 460 million
Cognite SaaS Bookings Growth
425% year-over-year
Cognite Annual Recurring Revenue Growth
up over 34%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Kjell Inge Røkke
Owner & Chairman
No Bio Available
Mr. Oyvind Eriksen
President & CEO
No Bio Available
Mr. Svein Oskar Stoknes
Chief Financial Officer
No Bio Available
Dr. Martin Bech Holte
Investment Director
No Bio Available
Mr. Fredrik Berge
Head of Investor Relations
No Bio Available
Ms. Charlotte Hakonsen
General Counsel
No Bio Available
Mr. Atle Kigen
Head of Media Relations & Public Affairs
No Bio Available
Mr. Torbjorn Kjus
Chief Economist
No Bio Available
Ms. Christina Chappell Glenn
Head of Corporate Communications & Investor Relations (Leave Of Absence)
No Bio Available
Mr. Kristian Monsen Rokke
Chief Executive Officer of Aker Horizon
No Bio Available

Contacts

Address
AKERSHUS
Lysaker
Oksenoyveien 10
Contacts
+4724130000.0
www.akerasa.com