Aker Solutions has reported revenues of Nkr16.7bn ($1.7bn) for the fourth quarter (Q4) of 2025, representing a 6% increase from Nkr15.7bn in the same period of 2024.
Full-year revenues reached Nkr63.2bn, marking a 19% year-on-year growth from Nkr53.2bn in 2024.
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The company achieved EBITDA of Nkr1.3bn with a margin of 7.9%, excluding special items, in the fourth quarter. For the full year, EBITDA stood at Nkr5.3bn with an 8.4% margin, compared to Nkr4.6bn and 8.7% in 2024.
It secured order intake of Nkr19.6bn in the fourth quarter, bringing the full-year total to Nkr66.4bn. Order backlog stood at Nkr64.8bn at year-end, providing visibility for future operations.
Aker Solutions made good progress on its Aker BP portfolio, delivering four topsides and jackets with a combined dry weight of about 90,000t. The company met all critical milestones in 2025, including delivery of Hugin A and Valhall PWP jacket substructures.
Its 20%-owned joint venture SLB OneSubsea reported revenues of $3.8bn for 2025 with an EBITDA margin of 19.4%, distributing $412m in dividends to shareholders.
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By GlobalDataAker Solutions expects 2026 revenues between Nkr45bn and Nkr50bn, with EBITDA margins of 7.0% to 7.5% excluding SLB OneSubsea income.
Aker Solutions CEO Kjetel Digre said: “Our results for the quarter and the full year demonstrate that we have delivered on the ambitious targets set back in 2020, reflecting solid project execution and continuous innovation across the organisation.
“I am also encouraged by the way we are positioning our company for markets beyond the current project horizon, strengthening and broadening our offerings to support long-term value creation.”
In December 2025, Aker Solutions signed a six-year frame agreement with ConocoPhillips Skandinavia for brownfield maintenance and modification services at the Eldfisk and Ekofisk oil and gas fields offshore Norway.
