Aker Solutions ASA: Third-quarter results 2026

October 28, 2026 - Aker Solutions continued to deliver solid financial results
in the third quarter of 2026. Several milestones have been met across the
project portfolio in the period. The company now expects 2026 revenue to be
between NOK 53 and 55 billion with an EBITDA margin between 7.5 and 8.0 percent
excluding net profit from SLB OneSubsea.

3Q 2026 Financial Highlights
(excluding special items)

  - Revenue NOK 13.5 billion
  - EBITDA NOK 1.3 billion
  - EBITDA margin 9.6 percent
  - Earnings per share NOK 1.45
  - Order intake NOK 5.4 billion (0.4x book-to-bill)
  - Order backlog NOK 69.3 billion
  - Net cash position NOK 5.8 billion, including investments in liquid funds

"During the quarter, we have met several important milestones in our project
portfolio. Combined with solid financial performance, this reflects the
expertise and dedication of our people", said Paal Eikeseth, Chief Executive
Officer of Aker Solutions.

"At the same time, we are transforming how we execute projects. By standardizing
solutions, moving from documents to data and applying decades of project
knowledge to AI-supported digital tools, we are building a more agile, efficient
and competitive Aker Solutions", said Eikeseth.

Key Developments

Revenue in the third quarter was NOK 13.5 billion, in line with expectations
following peak activity in 2025. Underlying EBITDA was NOK 1.3 billion and
EBITDA margin for the quarter was 9.6 percent, or 7.7 percent excluding net
profit from SLB OneSubsea. Order intake for the quarter was NOK 5.4 billion, and
the secured backlog at the end of the quarter stood at NOK 69.3 billion.

The net cash position increased to NOK 5.8 billion in the quarter, including
investments in liquid funds. Working capital improved by NOK 677 million, while
CAPEX was NOK 67 million. Aker Solutions received NOK 137 million in quarterly
dividends from SLB OneSubsea during the period.

Operationally, Aker Solutions met several important milestones in its project
portfolio, including the sail-away of Aker BP's Valhall PWP and Hugin B topside
platforms. In addition, the Life Cycle segment delivered strong operational
performance across their portfolio of frame agreements and modification
projects.

SLB OneSubsea, where Aker Solutions owns 20 percent, also delivered improved
financial results. Revenue was USD 1.1 billion, an increase of 12 percent
compared to the same period last year. The underlying EBITDA margin in the
quarter was 18.5 percent. SLB OneSubsea is on track to deliver on its order
intake ambitions, positioning the company for growth from 2027 onwards. Based on
its robust financial position, SLB OneSubsea is expected to distribute dividends
of around USD 400 million to its shareholders in 2026, in line with full-year
distribution in 2025.

Outlook and Guidance

Aker Solutions expects full-year 2026 revenue to be between NOK 53 and 55
billion, with an EBITDA margin between 7.5 and 8.0 percent excluding net profit
from SLB OneSubsea.

For 2027, Aker Solutions expects revenue to decline to between NOK 35 and 40
billion, with an EBITDA margin between 7.0 and 8.0 percent excluding net profit
from SLB OneSubsea.

Aker Solutions is taking action to reshape the business, reduce the cost base
and align capacity with the lower activity expected in 2027, while improving
competitiveness.

ENDS

Preben Ørbeck
investor relations
preben.orbeck@akersolutions.com
+47 470 10 611

Hallvard Norum
media contact
hallvard.norum@akersolutions.com
+47 913 80 820

Aker Solutions delivers integrated solutions, products and services to the
global energy industry. We enable low-carbon oil and gas production and develop
renewable solutions to meet future energy needs. By combining innovative digital
solutions and predictable project execution we accelerate the transition to
sustainable energy production. Aker Solutions employs approximately 11,600
people in 13 countries.

Visit akersolutions.com and connect with us on
Facebook (https://www.facebook.com/AkerSolutions/),
Instagram (https://instagram.com/akersolutions/),
LinkedIn (https://www.linkedin.com/company/aker-solutions) and
YouTube (https://www.youtube.com/akersolutions).

This press release may include forward-looking information or statements and is
subject to our disclaimer, see https://akersolutions.com

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

This stock exchange release was published by Hallvard Norum, VP Media &
Channels, Communications, on October 28, 2026 at 07:00 CET.
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This stock exchange release was published by Hallvard Norum\, VP Media &\
Channels\, Communications\, on October 28\, 2026 at 07:00 CET.\