Aker Solutions ASA: Third-Quarter Results 2025

Core Insights - Aker Solutions has reported strong growth and solid margins in Q3 2025, with revenues expected to exceed NOK 60 billion for the full year [1][9]. Financial Performance - Q3 2025 revenue increased to NOK 17.0 billion, a 29% rise from NOK 13.2 billion in the same period last year [3][8]. - EBITDA for the quarter was NOK 1.5 billion, up from NOK 1.2 billion year-over-year, resulting in an underlying EBITDA margin of 8.8% [3][8]. - The net cash position improved to NOK 2.5 billion, with order intake for the quarter at NOK 10.3 billion and a secured backlog of NOK 61.7 billion [4][8]. Segment Performance - The Renewables and Field Development segment saw a 36% revenue increase to NOK 12.5 billion, with an underlying EBITDA margin of 8.0% [5]. - The Life Cycle segment reported revenues of NOK 3.8 billion and an underlying EBITDA margin of 7.2% [6]. - SLB OneSubsea, in which Aker Solutions holds a 20% stake, reported revenues of NOK 9.9 billion and an underlying EBITDA margin of 18.4% for the quarter [7]. Future Outlook - Aker Solutions anticipates full-year 2025 revenues to exceed NOK 60 billion, with EBITDA margins expected between 7.0% and 7.5% excluding net income from SLB OneSubsea [9]. - Preliminary expectations for 2026 revenues are around NOK 45 billion [9].