Aker Asa A Shs (AKAAF) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.658 Good morning and welcome to the presentation of Aker's second quarter results for 2025. 00:00:05.658 -- 00:00:09.544 My name is Fredrik Berge and I am head of investor relations. 00:00:09.544 -- 00:00:14.590 We will begin today's presentation with Aker's president and CEO, Eivind Eriksen, 00:00:14.590 -- 00:00:19.276 who will take you through the quarter highlights and recent developments in the portfolio. 00:00:19.276 -- 00:00:24.463 Our CFO, Svein Oscar Stocknes, will then cover the quarterly financials in more detail. 00:00:24.463 -- 00:00:28.128 After the presentation, we will have a Q&A session. 00:00:28.128 -- 00:00:31.214 And with that, I hand it over to Eivind Eriksson. 00:00:31.214 -- 00:00:36.523 That's appreciated, Fredrik. And thank you, everyone, for attending this presentation 00:00:36.523 -- 00:00:41.092 of the ARKR ASA second quarter and half year results. 00:00:41.092 -- 00:00:46.221 During the quarter, we announced important transactions and we outperformed the markets 00:00:46.221 -- 00:00:52.509 despite continued geopolitical uncertainty and volatility. 00:00:52.715 -- 00:00:58.043 Akers net asset value rose by 4.5 billion Norwegian kroner, 00:00:58.043 -- 00:00:59.926 reaching 66.5 00:00:59.926 -- 00:01:05.595 billion. We returned 2 billion kroner to shareholders through dividends, 00:01:05.595 -- 00:01:10.783 and the total shareholder return for the quarter was 10% compared to 00:01:10.783 -- 00:01:15.831 a 7% increase in the Oslo Stock Exchange benchmark index 00:01:15.831 -- 00:01:21.016 and 11% decline in the Brent oil price. 00:01:21.352 -- 00:01:26.879 The first half of the year was once again an active period for Aker. 00:01:26.879 -- 00:01:32.565 It took several meaningful steps aligned with our long-te...