Aker ASA H1 NAV rises to NOK 66.5 bln, share return outpaces Oslo benchmark

Investing.com -- Aker ASA’s net asset value rose to NOK 66.5 billion in the first half of 2025, up from NOK 58.2 billion at year-end, with NAV per share increasing to NOK 895 from NOK 783, the investment company posted on Wednesday. 

The company’s share price ended the period at NOK 655, delivering a 24.1% return including dividends. The Oslo Stock Exchange Benchmark Index rose 13.8% in the same period.

Gross asset value increased to NOK 76.3 billion from NOK 65.4 billion. Listed equity investments totaled NOK 54.7 billion, representing 72% of assets, while unlisted investments accounted for NOK 13.3 billion, or 17%. 

Cash and other assets stood at NOK 8.3 billion, including NOK 6.3 billion in interest-bearing receivables and NOK 0.6 billion in cash.

Profit before tax was NOK 1.4 billion in the second quarter and NOK 2.2 billion for the half year, down from NOK 3.7 billion in the first half of 2024. 

Dividends received totaled NOK 4 billion, up from NOK 2.2 billion a year earlier. Aker distributed NOK 2 billion in dividends during the second quarter.

The company recorded a NOK 71 million value loss in the quarter and NOK 699 million for the half year, primarily due to negative adjustments in Aker Horizons and ICP.

Portfolio restructuring continued with Aker acquiring a 20% stake in SLB Capturi from Aker Carbon Capture and assuming related guarantees. This facilitated a NOK 5.2 billion dividend payout to Aker Carbon Capture shareholders.

Solstad Maritime was listed on Euronext (EPA:ENX) Oslo in May. AMSC distributed its 19.6% stake in Solstad Maritime as a dividend-in-kind.

Philly Shipyard, which paid out NOK 0.9 billion in dividends following its sale to Hanwha, is scheduled for delisting on Sept. 10. AMSC is also being liquidated.

Aker Horizons reported a NOK 2.3 billion net loss in the first half. Its share price declined to NOK 1.49 from NOK 2.81. 

Aker is consolidating the company into its structure as part of a broader streamlining effort.

Aker BP (NYSE:BP) reported first-half revenues of $5.8 billion, down from $6.5 billion. Net profit from continuing operations turned to a $8 million loss from a $1.1 billion profit. 

Average production was 428 mboepd across both quarters. Aker BP approved the Johan Sverdrup Phase 3 project after quarter-end.

Cognite reported $108 million in annual recurring revenue, up from $82 million. The updated Cognite Data Fusion platform is in use across industrial sectors.

Seetee held 754 Bitcoins worth approximately NOK 800 million, with Aker’s 90% stake equating to about NOK 10 per share. The holding was not reflected in the share price.

Aker Property Group’s real estate investments in Public Property Invest and SBB rose to NOK 3.1 billion by June 30. Net asset value for the group increased to NOK 2.6 billion.

Equity rose to NOK 27.1 billion. External interest-bearing debt increased to NOK 9.0 billion. Aker maintained its dividend policy of 4–6% of NAV.