Aker Horizons ASA Announces Half-Year Results
Aker Horizons ASA, a prominent developer in green energy, has reported significant updates regarding its performance and strategic direction for the ongoing year. The company has unveiled its results for the first half of 2025, marking a transformative time in its operational landscape.
Recent Structural Changes
The company is undergoing major structural adjustments, specifically the proposed merger between Aker Horizons Holding and Aker MergerCo. This movement was initiated after a thorough strategic review aimed at refinancing options for Aker Horizons. The holding company oversees a variety of business sectors, including ownership of Aker Carbon Capture ASA (ACC), investments in Mainstream Renewable Power, and various assets located in Narvik.
Merger Details
During the merger effort, Aker Horizons will offer its shareholders compensation comprising both cash and shares in Aker ASA. Each shareholder will receive approximately NOK 0.267963 in cash alongside 0.001898 shares of Aker ASA for every share held in Aker Horizons. This merger is on track to conclude by August 2025, and following its finalization, Aker Horizons will maintain its listing on the Oslo Stock Exchange.
Financial Performance Overview
In the first half of 2025, Aker Horizons reported a consolidated net loss from continuing operations, amounting to NOK 338 million. This loss primarily resulted from interest expenses and losses linked to foreign exchange hedges.
Discontinued Operations
Moreover, with the merger discussions, parts of the business have been categorized as discontinued operations. The reported loss from these operations was NOK 1,863 million, factoring in exceptional items like a loss of NOK 263 million from the sale of shares in SLB Capturi and a write-down of NOK 466 million tied to offshore wind assets within Mainstream’s portfolio due to a strategic exit from those projects.
Future Outlook
The Board of Aker Horizons is taking initiative to redefine the company’s strategic vision and structure post-merger. Updates regarding this plan will be communicated once the Board reaches a conclusion.
Contact Information
For inquiries, investors may reach out to:
Jonas Gamre, Investor Relations, phone: +47 97 11 82 92.
Frequently Asked Questions
What were Aker Horizons' half-year results for 2025?
Aker Horizons reported a consolidated net loss of NOK 338 million for the first half of 2025, influenced by interest costs and foreign exchange losses.
What significant changes are Aker Horizons implementing?
The company is merging Aker Horizons Holding with Aker MergerCo as part of its structural changes aimed at enhancing operational efficiency and financial restructuring.
How will the merger affect current shareholders?
Upon completing the merger, shareholders will receive compensation in cash and Aker ASA shares while retaining their shares in Aker Horizons.
What losses did discontinued operations incur?
Discontinued operations in H1 2025 reported a loss of NOK 1,863 million, attributed to several non-recurring items related to asset sales and strategic exits.
Who can I contact for more information about Aker Horizons?
For more details, investors can contact Jonas Gamre, Investor Relations at +47 97 11 82 92.
