Aker Solutions ASA: Second-quarter and half-year results 2026

14 Jul 2026 07:01 CEST

July 14, 2026 - Aker Solutions delivered solid financial performance in the
second quarter and the first half of 2026. Several key project milestones were
met during the quarter. Aker Solutions now expects 2026 revenue to be between
NOK 50 and 55 billion with EBITDA margins of around 7.5 percent excluding net
profit from SLB OneSubsea.

2Q 2026 Financial highlights
(excluding special items)

· Revenue NOK 13.1 billion
· EBITDA NOK 1.2 billion
· EBITDA margin 9.2 percent
· EBITDA margin excl. net profit from SLB OneSubsea 7.9 percent
· Earnings per share NOK 1.37
· Order intake NOK 9.9 billion (0.8x book-to-bill)
· Order backlog NOK 77.2 billion

1H 2026 Financial highlights
(excluding special items)

· Revenue NOK 26.5 billion
· EBITDA NOK 2.4 billion
· EBITDA margin 8.9 percent
· EBITDA margin excl. net profit from SLB OneSubsea 7.8 percent
· Earnings per share NOK 2.67
· Order intake NOK 38.7 billion (1.5x book-to-bill)

"We continue to meet milestones across a broad range of projects, and we are
gearing up for major deliveries to Aker BP. With another quarter of solid
financial performance, this is a period our organization can be proud of," said
Kjetel Digre, Chief Executive Officer at Aker Solutions.

"I am also encouraged by the range of improvement initiatives we are
implementing together with our customers. These efforts increase value for our
customers while strengthening our competitiveness and creating more
opportunities for Aker Solutions," said Digre.

Key developments

Revenue in the second quarter was NOK 13.1 billion. EBITDA excluding special
items was NOK 1.2 billion, representing an underlying EBITDA margin of 9.2
percent, or 7.9 percent, excluding net profit from SLB OneSubsea.

Operationally, Aker Solutions reached several important milestones across its
project portfolio, including load-out of the Hugin B topside for Aker BP and
construction start for the second-generation CCS projects in Norway.

Order intake for the quarter was NOK 9.9 billion. This was mainly driven by the
award for an HVDC substructure, supply of all electromechanical equipment to the
Tussa II hydropower plant, and a long-term frame agreement with Cenovus Energy
in Canada. The secured backlog at the end of the quarter stood at NOK 77.2
billion.

Aker Solutions' financial position remains robust with a net cash position of
NOK 4.3 billion, including investments in liquid funds. During the quarter, Aker
Solutions distributed NOK 4.2 billion in ordinary and extraordinary cash
dividends to its shareholders.

Outlook and guidance

Based on the secured backlog and market activity, full-year revenue in 2026 is
now expected to be between NOK 50 and 55 billion. The underlying EBITDA margin,
excluding net profit from SLB OneSubsea, is expected to be around 7.5 percent
for the full year 2026.

SLB OneSubsea is an important contributor to value creation in Aker Solutions,
which holds a 20 percent ownership. Aker Solutions expects distributions from
SLB OneSubsea to increase in the second half of 2026, supporting full-year
distribution broadly in line with 2025 levels.

Webcast presentation

The second-quarter and half-year results will be presented by webcast today,
July 14, at 09:00 CEST. To attend the presentation, go to
www.akersolutions.com/webcast.

A Q&A session will follow the presentation. Written questions can be submitted
live through the online solution or sent in advance to
preben.orbeck@akersolutions.com, Head of Investor Relations.

An opportunity for individual press interviews will follow the webcast. Please
direct your interest to hallvard.norum@akersolutions.com from Communications.

The reports published today, and previous reports, are also available on our
website at https://www.akersolutions.com/investors/quarterly-results/

ENDS

Preben Ørbeck
investor relations
preben.orbeck@akersolutions.com
+47 470 10 611

Hallvard Norum
media contact
hallvard.norum@akersolutions.com
+47 913 80 820

Aker Solutions delivers integrated solutions, products and services to the
global energy industry. We enable low-carbon oil and gas production and develop
renewable solutions to meet future energy needs. By combining innovative digital
solutions and predictable project execution we accelerate the transition to
sustainable energy production. Aker Solutions employs approximately 11,700
people in 13 countries.

Visit akersolutions.com and connect with us on
Facebook (https://www.facebook.com/AkerSolutions/),
Instagram (https://instagram.com/akersolutions/),
LinkedIn (https://www.linkedin.com/company/aker-solutions) and
YouTube (https://www.youtube.com/akersolutions).

This press release may include forward-looking information or statements and is
subject to our disclaimer, see https://akersolutions.com

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

This stock exchange release was published by Hallvard Norum, VP Media &
Channels, Communications, Aker Solutions, on July 14, 2026 at 07:00 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

678126_Half_year_results_2026.pdf
678126_2Q_2026_Presentation.pdf