Aker Asa A Shs (AKAAF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the presentation of Ocker's third quarter results for 2025. My name is Kristina Schardam and I am the Head of Communications at Ocker. I am joined in the studio today by our President and CEO, Eivind Eriksson, who will walk you through the key highlights and recent developments across the portfolio. Our CFO, Sven-Oskar Stocknes, will then take you through the financial results in more detail. After the presentation, we'll open up for questions. You're welcome to submit your questions at any time using the chat function. And with that, I'll hand it over to Eivind. Thank you, Christina, and good morning, everyone. Since launching a more focused ARCA at the start of 2024, we have taken clear steps to simplify the portfolio, concentrate on fewer, larger companies, and invest in new growth areas. This quarter shows that the strategy is bearing fruit. Net asset value increased to 67.5 billion Norwegian kroner, 909 kroner per share, and our share price rose nearly 20%, clearly outperforming both the Oslo Stock Exchange Benchmark Index and the oil price. we are seeing strong contributions from both our core energy business and our newer platforms, AI infrastructure, industrial software, and real estate. The portfolio is becoming more balanced and less tied to commodity cycles. That's an important shift. Year-to-date, total shareholder return is nearly 50%, including dividends. We have increased the number of companies paying upstream dividends and received 5 billion Norwegian kroner so far this year. In line with our dividend policy, the Board has approved a second dividend of 26.5 kroner per share bringing the total to 53 kroner per share, or 4 billion kroner in total. The strong performance is due to a number of value-accretive developments in o...