February 11, 2025 - Aker Solutions delivered strong revenue growth with improved
margins in 2024. The order backlog remains solid at NOK 61 billion and the
tender pipeline grew to about NOK 86 billion at year end.  Revenues in 2025 are
expected to be around NOK 50 to 55 billion with EBITDA margins of 7.0 to 7.5
percent, excluding net income from OneSubsea. In addition, OneSubsea, where Aker
Solutions owns 20 percent, has an ambition to distribute dividends of more than
USD 250 million to its shareholders in 2025. Based on its robust financial
position and positive outlook, Aker Solutions intends to pay out dividends of
NOK 3.30 per share for 2024.

2024 Full-Year Financial Highlights
(excluding special items)

  · Revenue NOK 53.2 billion
  · EBITDA NOK 4.6 billion
  · EBITDA margin 8.7 percent
  · Earnings per share NOK 6.62
  · Order intake NOK 40.1 billion (0.8x book-to-bill)
  · Board of Directors will propose dividend of NOK 3.30 per share for 2024

4Q 2024 Financial Highlights
(excluding special items)

  · Revenue NOK 15.7 billion
  · EBITDA NOK 1.2 billion
  · EBITDA margin 7.8 percent
  · Earnings per share NOK 1.70
  · Order intake NOK 11.6 billion (0.7x book-to-bill)
  · Order backlog NOK 60.9 billion

"Throughout 2024, we continued to raise the bar on our financial performance,
carrying a strong momentum into 2025. I am also pleased to see how well our
organization is managing the dual challenge of delivering an extensive project
portfolio while developing the skills and solutions for the future," said Kjetel
Digre, chief executive officer of Aker Solutions.

"It is also encouraging to see the value creation enabled through our 20 percent
ownership in OneSubsea. As a proud co-owner and strategic partner, we see great
opportunities going forward, which is well reflected in OneSubsea's target to
distribute more than USD 250 million to its shareholders in 2025," said Digre.

Key developments
In the fourth quarter, revenue increased to NOK 15.7 billion from NOK 11.0
billion in the same period last year, representing a 43 percent increase. EBITDA
excl. special items grew to NOK 1.2 billion or 7.8 percent, up from NOK 0.6
billion or 5.6 percent in the previous year. This was driven by continued strong
performance in our Life Cycle segment, while negatively affected by additional
losses in the legacy renewables projects, which will be delivered in 2025.

For the full year, revenues increased to NOK 53.2 billion, a year-on-year growth
of 47 percent. EBITDA excl. special items for the full year was NOK 4.6 billion
or 8.7 percent, up from NOK 1.3 billion or 3.6 percent in 2023. The underlying
EBITDA-margin for 2024 excluding net income from OneSubsea was 7.3 percent.

Aker Solutions secured new orders worth NOK 11.6 billion in the quarter, which
means a book-to-bill ratio of 0.7x for the period. The total order intake for
2024 was NOK 40.1 billion. The secured backlog at the end of the year was NOK
60.9 billion, dominated by projects under the well-proven alliance model with
Aker BP.

During the fourth quarter, Aker Solutions paid out an extraordinary dividend of
NOK 10 billion. Net cash position at year-end was NOK 2.9 billion, positively
affected by a one-off effect of about NOK 1.3 billion from cash in transit
related to the joint venture in Dubai.

Outlook
The outlook remains positive for Aker Solutions, with a solid order backlog and
high activity within tenders and early-phase studies. The tender pipeline at the
end of the year was about NOK 86 billion. The company is actively engaged in
early-phase studies on future large-scale opportunities across the energy
market, with revenues in the consultancy business growing more than 50 percent
in 2024. The company remains very selective about which contracts it takes on
and continues to be vigilant about capacity.

Based on the secured order backlog and ongoing projects, the company expects
full-year revenue in 2025 to be between NOK 50 and 55 billion. EBITDA margins
are expected to be in the range of 7.0 to 7.5 percent, excluding net income from
OneSubsea. In addition, OneSubsea, where Aker Solutions owns 20 percent, is
expected to pay out dividends of more than USD 250 million to its shareholders
in 2025.

Capital Allocation and Dividend
Based on Aker Solutions' financial position and positive outlook, the Board of
Directors will propose a dividend of NOK 3.30 per share for the fiscal year
2024, to be paid in 2025, pending approval in the Annual General Meeting on
April 28, 2025. The dividend payment represents approximately 50 percent of net
income excl. special items, in line with the ordinary dividend policy.

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 11,800
people in more than 15 countries.

Visit akersolutions.com and connect with us on
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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 considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange release was published by Hallvard Norum, VP Media &
Channels, Communications, Aker Solutions, on February 11, 2025 at 07:00 CET.