Aker Solutions ASA: Second-quarter and half-year results 2025

July 11, 2025 - Aker Solutions delivered solid financial performance in thesecond quarter and in the first half of 2025. Several key project portfoliomilestones were met during the quarter. Aker Solutions continues to expect2025revenues to exceed NOK 55 billion with EBITDA margins of between 7.0 and 7.5percent excluding net income from OneSubsea.

2Q 2025 Financial highlights(excluding special items)

· Revenue NOK 15.2 billion · EBITDA NOK 1.3 billion · EBITDA margin 8.3 percent · Earnings per share NOK 1.46 · Net cash position NOK 2.1 billion · Order intake NOK 10.9 billion (0.7x book-to-bill) · Order backlog NOK 68.0 billion

1H 2025 Financial highlights(excluding special items)

· Revenue NOK 29.5 billion · EBITDA NOK 2.5 billion · EBITDA margin 8.4 percent · Earnings per share NOK 2.81 · Order intake NOK 36.5 billion (1.3x book-to-bill)

"We continue to deliver solid financial results while achieving key milestoneson our major projects, and I am proud of the dedication and hard workdemonstrated by our organization," said Kjetel Digre, Chief Executive OfficeratAker Solutions.

"I am also pleased to see our drive for innovation and the integration ofleading-edge technology into our services, such as the use of autonomousdronesfor offshore inspections," said Digre.

Key developments

Revenue in the second quarter increased to NOK 15.2 billion from NOK 12.8billion in the same period last year. EBITDA excluding special items increasedto NOK 1.3 billion compared with NOK 1.2 billion a year ago. The underlyingEBITDA margin for the quarter was 8.3 percent, or 7.2 percent, excluding netincome from OneSubsea.

In the Life Cycle segment, revenues grew by 30 percent compared to the sameperiod last year, with improved margins. In the Renewables and FieldDevelopmentsegment, the legacy lump-sum projects continued to be a drag on margins.Commercial discussions are ongoing with clients and subcontractors on theseprojects.

During the first half of 2025, Aker Solutions experienced high activity acrossour locations, reaching several important milestones in the project portfolio,including the delivery and installation of the Valhall PWP substructure forAkerBP, and the official opening and first capture of CO2 at Heidelberg's cementplant at Brevik.

Order intake for the quarter was NOK 10.9 billion. This was driven by theextension of the brownfield services contract with Brunei Shell Petroleum andanaward for the steel substructure for the BalWin 2 offshore wind project inGermany, as well as growth in existing projects. The secured backlog at theendof the quarter stood at NOK 68.0 billion.

The net cash position was NOK 2.1 billion at the end of the quarter, afterpayment of NOK 1.6 billion in dividends based on the financial results in2024.During the quarter, Aker Solutions received dividends from our 20 percentstakein OneSubsea of NOK 145 million, in line with OneSubsea's announced targets todistribute USD 250 million to its shareholders in 2025.

Outlook and guidance

Based on the secured backlog and market activity, full year revenue in 2025 isexpected to exceed NOK 55 billion. The underlying EBITDA margin, excluding netincome from OneSubsea, is expected to be between 7.0 and 7.5 percent for thefull year 2025.

Webcast presentation

The second-quarter and half-year results will be presented by webcast today,July 11, at 09:00 CEST. To attend the presentation, go towww.akersolutions.com/webcast.

A Q&A session will follow the presentation. Written questions can be submittedlive through the online solution or sent in advance to our head of investorrelations: preben.orbeck@akersolutions.com.

An opportunity for individual press interviews will follow the webcast. Pleasedirect your interest to our global mediacontact: hallvard.norum@akersolutions.com

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

ENDS

Preben Ørbeckinvestor relationspreben.orbeck@akersolutions.com+47 470 10 611

Hallvard Norummedia contacthallvard.norum@akersolutions.com+47 913 80 820

Aker Solutions delivers integrated solutions, products and services to theglobal energy industry. We enable low-carbon oil and gas production anddeveloprenewable solutions to meet future energy needs. By combining innovativedigitalsolutions and predictable project execution we accelerate the transition tosustainable energy production. Aker Solutions employs approximately 12,000people in more than 15 countries.

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

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

This information is considered to be inside information pursuant to the EUMarket Abuse Regulation and is subject to the disclosure requirements pursuantto Section 5-12 the Norwegian Securities Trading Act.

This stock exchange release was published by Hallvard Norum, VP Media &Channels, Aker Solutions, on July 11, 2025 at 07:00 CEST.

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