Slide 1: Half-Year Report 2026: Powering The Change
Half-Year Report 2026 Powering The Change
Slide 2: Content
Menu Content Key figures 3 Our Purpose Key Developments 7 We solve global Consolidated Financial Statements 15 energy challenges for Notes to the Consolidated Financial Statements 22 future generations Alternative Performance Measures 31 2
Slide 3: Key Figures
Menu Key Figures 26,498 2,302 1,552 REVENUE EBITDA EBIT NOK million NOK million NOK million 38,730 8.7% 5.9% ORDER INTAKE EBITDA MARGIN EBIT MARGIN NOK million 3
Slide 4: Key Figures cont.
Menu Key Figures cont. 1H 2026 1H 2025 2025 1H 2026 1H 2025 2025 RESULTS BALANCE SHEET Revenue NOK mill 26,498 29,544 63,202 Net cash NOK mill 2,305 2,097 3,715 EBITDA NOK mill 2,302 2,460 5,027 Equity ratio Percent 25.7 27.0 29.3 EBITDA margin Percent 8.7 8.3 8.0 Liquidity reserve NOK mill 7,305 5,
Slide 5: Key Figures cont.
Menu Key Figures cont. Revenue EBITDA and EBITDA margin Order Intake and Backlog NOK billion NOK billion and percent NOK billion 8.7% 8.3% 30 2.5 2.3 77.2 26 68.0 36.5 38.7 1H 2025 1H 2026 1H 2025 1H 2026 1H 2025 1H 2026 Revenue EBITDA EBITDA margin Intake Backlog 5
Slide 6: Segment Performance
Menu Segment Performance Renewables and Field Development 8.0% 8.3% 1.7 1.5 46.4 21.2 18.6 30.3 32.6 11.0 1H 2025 1H 2026 1H 2025 1H 2026 1H 2025 1H 2026 Revenue (NOK billion) EBITDA (NOK billion) EBITDA margin (percent) Intake (NOK billion) Backlog (NOK billion) Life Cycle 6.9% 7.3% 7.4 6.9 42.4 20
Slide 7: Key Developments
Menu Key Developments 7
Slide 8: Financial Performance and Segment Key Figures
Menu Financial Performance Segment Key Figures Aker Solutions presents its consolidated financial Renewables & Field Development Life Cycle statements in accordance with IFRS® Accounting Standards as adopted by the European Union. Amounts in NOK million 1H 2026 1H 2025 2025 1H 2026 1H 2025 2025 Reve
Slide 9: Life Cycle, Cash Flow and Key Operational Developments
Menu Revenue in the Life Cycle segment was NOK 6.9 billion in the first half of 2026, compared to NOK 7.4 billion in the Cash Flow Key Operational Developments same period last year. The EBITDA margin was 7.3 percent, Consolidated cash flow from operating activities depends on In the first half of 2
Slide 10: Operational Developments and Life Cycle Contracts
Menu The legacy lump sum projects have been both operationally and commercially challenging. The projects have all sailed away from our yards, installed offshore and are now in the commissioning phase. These projects are currently the subject of active commercial negotiations. Within Life Cycle, Ake
Slide 11: ESG/Sustainability
Menu 2025 Transparency Act report has been developed to consistently to remove potential bias in people processes ESG/Sustainability comply with the legal requirements as stated in the Act and and leadership practice. Aker Solutions has an ambition to reduce its Scope 1 and 2 is available on our web
Slide 12: Health, Safety, Security and Environment
Menu incidents in the same period last year. The serious incident a member. The Always Home Safely program is also Health, Safety, Security and Environment frequency (SIF) has increased slightly to 0.30 from 0.29 in launched to further strengthen the HSSE performance. Aker Solutions is committed to
Slide 13: Outlook and Market Risk
Menu Internationally, Aker Solutions is pursuing opportunities both Market Risk and Geopolitical Instability within oil and gas and renewable energy. Looking further Aker Solutions is impacted by changes in the macro ahead, Aker Solutions is also positioning itself for new environment. Changes in un
Slide 14: Risks and Financial Position
Menu ◼ The development of delivery and execution models for jurisdictions for the 2025 and 2026 reporting periods, with immature markets with rapid technology developments associated filings occurring in 2027 and 2028. The resulting and/or unsolved complexity impact is not expected to be material to
Slide 15: Consolidated Financial Statements
Menu Consolidated Financial Statements Aker Solutions June 30, 2026 15
Slide 16: Declaration by the Board of Directors and CEO
Menu Consolidated Financial Statements Declaration by the Board of Directors and Chief Executive Officer Income Statement The Board and chief executive officer have today considered and approved the half-year results Other Comprehensive Income (OCI) and financial statements for the Aker Solutions gr
Slide 17: Income Statement
Menu Income Statement Consolidated income statement Amounts in NOK million Note 1H 2026 1H 2025 2025 Revenue from customer contracts 3, 4 26,125 29,087 62,202 Net profit equity accounted investees 3, 13 322 379 757 Other income 3, 10 52 77 243 Revenue and other income 26,498 29,544 63,202 Operating
Slide 18: Other Comprehensive Income (OCI)
Menu Other Comprehensive Income (OCI) Consolidated statement of other comprehensive income Amounts in NOK million 1H 2026 1H 2025 2025 Net profit 1,661 957 2,531 Other Comprehensive income Items that are or may be reclassified subsequently to profit or loss: Cash flow hedges, effective portion of ch
Slide 19: Balance Sheet
Menu Balance Sheet Consolidated balance sheet Amounts in NOK million Note June 30, 2026 June 30, 2025 December 31, 2025 Amounts in NOK million Note June 30, 2026 June 30, 2025 December 31, 2025 Assets Equity and liabilities Property, plant and equipment 6 3,261 3,842 3,626 Share capital 532 532 532
Slide 20: Cash Flow
Menu Cash Flow Consolidated statement of cash flow Amounts in NOK million Note 1H 2026 1H 2025 2025 Amounts in NOK million Note 1H 2026 1H 2025 2025 Cash flow from operating activities Cash flow from financing activities Net profit 1,661 957 2,531 Interest paid -107 -103 -216 Payment of lease liabil
Slide 21: Equity
Menu Equity Consolidated statement of changes in equity Share Share Treasury share Retained Hedging Translation Fair value Equity attributable Non-controlling Total Amounts in NOK million capital premium reserve earnings reserve reserve reserve to parent interests equity Equity as of January 1, 2025
Slide 22: Notes to the Consolidated Financial Statements
Menu Notes to the Consolidated Financial Statements Note 1 Company Information Aker Solutions is a global provider of products, systems and services to the oil and gas and renewable industry. The company had about 11,700 own employees and was present in about 12 countries as of June 30, 2026. The ma
Slide 23: Note 2 Basis of Preparation
Menu Aker Solutions continues to assess the impact of IFRS 18. Based on work performed to date, the Note 2 Basis of Preparation most significant effects are expected to arise from changes to the structure and classification within the statement of profit or loss. In particular: Statement of Complian
Slide 24: Note 3 Revenue
Menu Note 3 Revenue The following tables show the revenue from customer contracts by type and per country. Revenue figures include only external revenue and revenue per country is based on location of the selling company. Amounts in NOK million 1H 2026 1H 2025 2025 Amounts in NOK million 1H 2026 1H
Slide 25: Note 4 Segments
Menu Note 4 Segments Segment Performance Amounts in NOK million 1H 2026 1H 2025 2025 Aker Solutions is a global provider of equipment, systems and services to the renewable and oil and gas energy sector. The company has two reporting segments. INCOME STATEMENT Revenue and other income Renewables and
Slide 26: Notes 5 and 6 Finance Income and PP&E
Menu Note 5 Finance Income and Expense Note 6 Property, Plant and Equipment Amounts in NOK million 1H 2026 1H 2025 2025 Machinery Buildings and Under Interest income from lease receivables 5 10 15 Amounts in NOK million and sites equipment construction Total Other interest income 131 76 153 Balance
Slide 27: Notes 8 and 9 Financial Investments and Equity
Menu Note 8 Financial Investments Amounts in NOK million 1H 2026 1H 2025 2025 Liquid funds 2,026 0 0 Shares in SLB 0 1,718 1,953 Total 2,026 1,718 1,953 The shares in SLB were disposed of in 2026. A total of 5,057,706 shares were sold during the period February 4 to February 11, 2026 at an average p
Slide 28: Note 10 Leases and Investment Property
Menu Note 10 Leases and Investment Property The company leases a number of office buildings, manufacturing and service sites in addition to some machines and vehicles. Contracts that contain a lease are recognized on the balance sheet as a right- of-use asset and lease liability unless the lease is
Slide 29: Notes 11 and 12 Provisions and Related Parties
Menu Note 11 Provisions Note 12 Related Parties Onerous Aker Solutions is an associate of Aker ASA, and entities controlled by Aker ASA and entities which Amounts in NOK million Warranties contracts Other Total Kjell Inge Røkke and his close family controls through The Resource Group TRG AS are cons
Slide 30: Note 13 Investment in Companies
Menu Note 13 Investment in Companies Significant Associates SLB OneSubsea is operating in the subsea business and consists of three separate legal entities; OneSubsea Processing AS, OneSubsea Investments UK Ltd and OneSubsea LLC. The legal entities Joint ventures are those entities where the company
Slide 31: Alternative Performance Measures
Menu Alternative Performance Measures Aker Solutions discloses alternative performance measures in addition to those normally required by IFRS as such performance measures are frequently used by securities analysts, investors and other interested parties. Alternative performance measures are meant t
Slide 32: Profit Measures
Menu Profit Measures EBITDA and EBIT terms are presented as they are used by financial analysts and investors. Special items are excluded from EBITDA and EBIT as alternative measures to provide enhanced insight into the financial development of the business operations and to improve comparability be
Slide 33: Profit Measures cont.
Menu Profit Measures cont. Renewables & Field Development Life Cycle Other Aker Solutions Amounts in NOK million 2Q 2026 2Q 2025 1H 2026 1H 2025 2Q 2026 2Q 2025 1H 2026 1H 2025 2Q 2026 2Q 2025 1H 2026 1H 2025 2Q 2026 2Q 2025 1H 2026 1H 2025 Revenue and other income 8,991 10,757 18,592 21,159 3,603 3
Slide 34: Profit Measures cont.
Menu Profit Measures cont. Renewables & Field Development Life Cycle Other Aker Solutions Amounts in NOK million 2Q 2026 2Q 2025 1H 2026 1H 2025 2Q 2026 2Q 2025 1H 2026 1H 2025 2Q 2026 2Q 2025 1H 2026 1H 2025 2Q 2026 2Q 2025 1H 2026 1H 2025 EBIT 569 570 980 1,185 233 240 443 439 8 89 128 128 810 899
Slide 35: Profit Measures cont.
Menu Profit Measures cont. Aker Solutions Amounts in NOK million 2Q 2026 2Q 2025 1H 2026 1H 2025 Net profit 646 303 1,661 957 Sum of special items excluded from EBIT 9 2 48 13 Financial items1 4 501 -540 479 Non-qualifying hedges 2 -3 12 -10 Tax effects on special items -2 -110 112 -106 Net profit e
Slide 36: Order Intake Measures
Menu Order Intake Measures Order intake, order backlog and book-to-bill ratios are presented as alternative performance measures, as they are indicators of the company’s revenue and operations in the future. Order intake includes new agreed customer contracts in the period in addition to growth in e
Slide 37: Financing Measures
Menu Financing Measures Alternative financing and equity measures are presented as they are indicators of the company’s Equity ratio is a financial ratio indicating the relative proportion of equity used to finance a ability to obtain financing and service its debts. company's assets and is a measur
Slide 38: Contact
Contact Aker Solutions ASA Oksenøyveien 8 1366 Lysaker Norway Postal address: P.O. Box 169 NO-1325 Lysaker Norway Phone: +47 67 51 30 00 Web: www.akersolutions.com COPYRIGHT AND LEGAL NOTICE Copyright in all published material including photographs, drawings and images in this publication remains ve