Aker Solutions is implementing measures to align its capacity and costs with a forecasted decline in revenue for 2026, while highlighting significant progress and future potential within its OneSubsea joint venture.

Financial Performance and 2026 Outlook

The company reported record revenues of Nkr63.2 billion for 2025. However, it anticipates revenues will fall to between Nkr45 billion and Nkr50 billion in 2026. This expected drop is attributed to the ongoing delivery phase of a major engineering, procurement, and construction project secured from Aker BP in late 2022. In response to the lower anticipated activity, Aker Solutions is taking actions to adjust its capacity and cost structure accordingly.

2025 Financial Details

For 2025, earnings before interest, taxes, depreciation, and amortisation (EBITDA), excluding special items, were Nkr5.3 billion. The order intake in the fourth quarter was Nkr19.6 billion, yielding a book-to-bill ratio of 1.2x for that period. The company's order backlog stood at Nkr64.8 billion at the end of 2025.

Progress at OneSubsea Joint Venture

Aker Solutions, which owns a 20% stake in OneSubsea, emphasized the venture's strong performance. OneSubsea, one of the world's largest subsea production equipment suppliers, generated revenues of $3.8 billion in 2025 with a robust EBITDA margin of 19.4%. Looking forward, the joint venture aims to secure over $9 billion in new orders within the next two years, positioning itself for growth starting from 2027.

Strategic Positioning

The company stated that its 2025 results demonstrate the achievement of ambitious targets set in 2020, reflecting solid project execution and continuous innovation. Furthermore, it is actively positioning itself for markets beyond the current project horizon by strengthening and broadening its offerings to support long-term value creation.