Aker Horizons Asa (AKHOF) Q1 2025 Earnings Call

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WEBVTT 00:00:01.752 -- 00:00:06.859 Hello, everyone. My name is Lars Bære. Welcome to today's presentation of the first 00:00:06.859 -- 00:00:10.343 quarter results for ARCA Horizons. 00:00:10.343 -- 00:00:14.469 I will first comment upon some key developments since year end, and then we will take 00:00:14.469 -- 00:00:19.853 you through the status of the investment portfolio and the Q1 financials. 00:00:20.076 -- 00:00:25.163 The CFO of Mainstream, Julie Berg, will cover the update on Mainstream, and CFO of 00:00:25.163 -- 00:00:29.308 Horizons, Christopher Dahlberg, will, as usual, cover some of the update on the ARCA 00:00:29.308 -- 00:00:31.609 Horizons side. 00:00:33.764 -- 00:00:39.034 I will start with the common capture. In February, ACC announced the cash dividend 00:00:39.034 -- 00:00:44.263 of NOC 3.5 billion, equal to NOC 1.5 billion liquidity inflow 00:00:44.263 -- 00:00:46.427 to ARCA Horizons. 00:00:46.427 -- 00:00:52.358 The first payment of NOC 1.3 billion was received in March, and the remaining NOC 256 00:00:52.358 -- 00:00:56.967 million was received yesterday. Certainly well received. 00:00:56.967 -- 00:00:58.509 Next, 00:00:58.509 -- 00:01:01.792 after securing the contract for the 400,000-tons 00:01:01.792 -- 00:01:07.399 Just Catch 400 unit for Hafslen Celsius in January, an earn-out payment 00:01:07.399 -- 00:01:13.083 of NOK 71 million has been received by ACC from SLB. 00:01:14.707 -- 00:01:20.093 Furthermore, the SLB Kapturi JV has continued to see significant commercial 00:01:20.093 -- 00:01:24.636 and front-end activity during the last quarter. 00:01:25.874 -- 00:01:32.199 So moving on to renewable energy development and our investment in mainstream. 00:01:32.241 -- 00:01:37.908 Firstly, mainstream continues to mature its development por...