Aker Asa A Shs (AKAAF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the presentation of Aker's second quarter results for 2025. My name is Fredrik Berge and I am head of investor relations. We will begin today's presentation with Aker's president and CEO, Eivind Eriksen, who will take you through the quarter highlights and recent developments in the portfolio. Our CFO, Svein Oscar Stocknes, will then cover the quarterly financials in more detail. After the presentation, we will have a Q&A session. And with that, I hand it over to Eivind Eriksson. That's appreciated, Fredrik. And thank you, everyone, for attending this presentation of the ARKR ASA second quarter and half year results. During the quarter, we announced important transactions and we outperformed the markets despite continued geopolitical uncertainty and volatility. Akers net asset value rose by 4.5 billion Norwegian kroner, reaching 66.5 billion. We returned 2 billion kroner to shareholders through dividends, and the total shareholder return for the quarter was 10% compared to a 7% increase in the Oslo Stock Exchange benchmark index and 11% decline in the Brent oil price. The first half of the year was once again an active period for Aker. It took several meaningful steps aligned with our long-term strategy to simplify our portfolio and focus on growth platforms with dividend capacity or dividend potential. Aker Property Group expanded its footprint in real estate through investments in SBB and Public Property Invest or PPI. In Aker Horizons, we took important steps to consolidate and simplify our ownership structure. In parallel, we acquired Aker Carbon Capture's 20% stake in SLB Capturi. Solstern Maritime was listed on the Euronext Oslo Stock Exchange. Philadelphia Shipyards distributed 105 million kroner in liquidation dividend and the comp...