Aker Solutions Hldg Asa (AKRTF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Rock Solutions' presentation of our fourth quarter and full year results. My name is Preben Nørbeck and I'm the head of investor relations. With me today is our CEO Kjetil Digre and our CFO Idar Eikrem. They will take you through the main developments of the quarter and the full year. After the presentation, we have time for questions. Those of you who are following the webcast can submit your questions via the online platform. And with that, I leave the floor to Kjetil Didre. Thank you, Preben, and welcome to everyone tuning in. As usual, let me start the presentation with the main messages for today. First and foremost, I am once again pleased to report that we continue to deliver solid financial results in a period of high activity. Our fourth quarter revenues were 16.7 billion kroner, which takes our full-year revenues to more than 63 billion, the highest in Aker Solutions' recent history. Our EBITDA margin for the quarter was 7.9%, or 7.5% if you exclude the net income from SLB 170. Our net cash position increased to 3.7 billion kroner at the end of the year. This was fueled by strong cash generation in our segments and substantial dividends from our 20% ownership in SLB 170. Looking at 2025 as a whole, we have made good progress on our project portfolio and on our strategy. The RKBP portfolio is progressing well with all key milestones met during the year. And I'm also encouraged to see high demand for our engineering and consultancy services, leveraging our 5,000 strong engineering muscle to solve energy challenges for a wide range of customers across the globe. Our lifecycle business is well positioned to continue its strong development, underpinned by long-term frame agreements with strategic clients. And lastly, I also want to hi...