July 11, 2025 - Aker Solutions delivered solid financial performance in the
second quarter and in the first half of 2025. Several key project portfolio
milestones were met during the quarter. Aker Solutions continues to expect 2025
revenues to exceed NOK 55 billion with EBITDA margins of between 7.0 and 7.5
percent excluding net income from OneSubsea.

2Q 2025 Financial highlights
(excluding special items)

  · Revenue NOK 15.2 billion
  · EBITDA NOK 1.3 billion
  · EBITDA margin 8.3 percent
  · Earnings per share NOK 1.46
  · Net cash position NOK 2.1 billion
  · Order intake NOK 10.9 billion (0.7x book-to-bill)
  · Order backlog NOK 68.0 billion

1H 2025 Financial highlights
(excluding special items)

  · Revenue NOK 29.5 billion
  · EBITDA NOK 2.5 billion
  · EBITDA margin 8.4 percent
  · Earnings per share NOK 2.81
  · Order intake NOK 36.5 billion (1.3x book-to-bill)

"We continue to deliver solid financial results while achieving key milestones
on our major projects, and I am proud of the dedication and hard work
demonstrated by our organization," said Kjetel Digre, Chief Executive Officer at
Aker Solutions.

"I am also pleased to see our drive for innovation and the integration of
leading-edge technology into our services, such as the use of autonomous drones
for offshore inspections," said Digre.

Key developments

Revenue in the second quarter increased to NOK 15.2 billion from NOK 12.8
billion in the same period last year. EBITDA excluding special items increased
to NOK 1.3 billion compared with NOK 1.2 billion a year ago. The underlying
EBITDA margin for the quarter was 8.3 percent, or 7.2 percent, excluding net
income from OneSubsea.

In the Life Cycle segment, revenues grew by 30 percent compared to the same
period last year, with improved margins. In the Renewables and Field Development
segment, the legacy lump-sum projects continued to be a drag on margins.
Commercial discussions are ongoing with clients and subcontractors on these
projects.

During the first half of 2025, Aker Solutions experienced high activity across
our locations, reaching several important milestones in the project portfolio,
including the delivery and installation of the Valhall PWP substructure for Aker
BP, and the official opening and first capture of CO2 at Heidelberg's cement
plant at Brevik.

Order intake for the quarter was NOK 10.9 billion. This was driven by the
extension of the brownfield services contract with Brunei Shell Petroleum and an
award for the steel substructure for the BalWin 2 offshore wind project in
Germany, as well as growth in existing projects. The secured backlog at the end
of the quarter stood at NOK 68.0 billion.

The net cash position was NOK 2.1 billion at the end of the quarter, after
payment of NOK 1.6 billion in dividends based on the financial results in 2024.
During the quarter, Aker Solutions received dividends from our 20 percent stake
in OneSubsea of NOK 145 million, in line with OneSubsea's announced targets to
distribute USD 250 million to its shareholders in 2025.

Outlook and guidance

Based on the secured backlog and market activity, full year revenue in 2025 is
expected to exceed NOK 55 billion. The underlying EBITDA margin, excluding net
income from OneSubsea, is expected to be between 7.0 and 7.5 percent for the
full year 2025.

Webcast presentation

The second-quarter and half-year results will be presented by webcast today,
July 11, at 09:00 CEST. To attend the presentation, go to
www.akersolutions.com/webcast.

A Q&A session will follow the presentation. Written questions can be submitted
live through the online solution or sent in advance to our head of investor
relations: preben.orbeck@akersolutions.com.

An opportunity for individual press interviews will follow the webcast. Please
direct your interest to our global media
contact: hallvard.norum@akersolutions.com

The reports published today, and previous reports, are also available on our
website at https://www.akersolutions.com/investors/quarterly-results/

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 12,000
people in more than 15 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 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, Aker Solutions, on July 11, 2025 at 07:00 CEST.