Aker Horizons ASA Shares Up with Strong Half-Year Performance
Aker Horizons ASA Reports Significant Half-Year Results for 2025
Aker Horizons ASA (OSE: "AKH"), a trailblazer in green energy development, has released its financial results for the first half of 2025. The company's performance reflects strategic advancements aimed at enhancing its operational footprint and financial strength.
Structural Changes Driving Growth
In an effort to streamline its operations, Aker Horizons announced major structural changes within its group during this period. On May 9, 2025, the company revealed plans for a merger involving its subsidiary, Aker Horizons Holding, with Aker MergerCo, a subsidiary of Aker ASA. This merger, set to be concluded in August 2025, is expected to bolster the company’s financial base, positioning it favorably for future growth.
Merger Benefits and Cash Distribution
Upon the merger's completion, shareholders of AKH (excluding Aker Capital) will receive merger consideration comprising NOK 0.267963 in cash plus 0.001898 shares in Aker ASA for each share they hold in AKH. This deal is designed to enhance value for investors while providing Aker Horizons with a more flexible financial structure.
Financial Snapshot Post-Merger
After the merger, Aker Horizons anticipates having approximately NOK 20 million in cash reserves, along with convertible debt and a receivable of NOK 1.6 billion due from Aker MergerCo. This solid cash position is expected to support ongoing and future projects, affirming the company’s commitment to innovation in green technologies.
Performance Overview
The first half of 2025 saw Aker Horizons report a net loss from continuing operations amounting to NOK 338 million. This loss is primarily attributed to interest costs and foreign exchange hedges. However, these figures indicate that the company is navigating transitional challenges while continuing to invest in its core business operations.
Discontinued Operations and Losses
In concurrent measures, Aker Horizons disclosed that the business earmarked for merger with Aker is categorized as discontinued operations. The consolidated net loss from these operations for the first half of 2025 stands at NOK 1,863 million. This figure includes non-recurring losses such as the NOK 263 million related to the sale of a 20 percent stake in SLB Capturi, alongside NOK 466 million in impairments from offshore wind assets within Mainstream Renewable Power.
Forward Looking Strategy
Looking ahead, Aker Horizons will focus on refining its strategy and operational structure post-merger. The management is committed to providing shareholders with timely updates as they determine the future direction of the company.
Contact Information
For additional insights or inquiries, stakeholders are encouraged to reach out to Jonas Gamre in Investor Relations at +47 97 11 82 92, or via email at jonas.gamre@akerhorizons.com.
Frequently Asked Questions
What is Aker Horizons ASA?
Aker Horizons ASA is a company dedicated to developing green energy solutions and sustainable industry practices.
What recent structural changes have been announced?
The company plans to merge its subsidiary, Aker Horizons Holding, with Aker MergerCo, enhancing operational efficiency.
What are the financial implications of the merger?
Shareholders will receive cash and stock as part of the merger, and the company expects to bolster its cash reserves significantly.
What were the reported financial results for the first half of 2025?
The consolidated net loss from ongoing operations was NOK 338 million, while discontinuing operations reported a loss of NOK 1,863 million.
How can investors get in touch with Aker Horizons?
Investors can contact Jonas Gamre at +47 97 11 82 92 or email jonas.gamre@akerhorizons.com.
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