Aker ASA reports second quarter and half-year results 2026

Aker ASA reports second quarter and half-year results 2026

During the first half of 2026, Aker's NAV increased by close to NOK 40 billion

after dividends paid, to NOK 106 billion, reflecting a combination of value

realization and strong performance across Aker's portfolio. In the quarter,

Aker signed a landmark agreement to sell Cognite to Schneider Electric at an

EV of USD 3.1 billion. Following the transaction, Aker's liquidity reserve

will exceed NOK 20 billion.

Aker delivered a total shareholder return of 10 percent in the quarter and 53

percent in the first half of the year, substantially outperforming the Oslo

Stock Exchange Benchmark Index and the Brent oil price.

The development was driven by a landmark agreement to sell Cognite to

Schneider Electric, continued extraordinary growth in Nscale, and strong

results from Aker BP, which this year marks ten years of value creation since

its establishment. In addition, Aker today announced an offer to take Aker

BioMarine private.

The Cognite transaction is expected to generate NOK 14.7 billion in cash

proceeds to Aker and lift Aker's liquidity reserve to more than NOK 20

billion. Together with a more focused portfolio, this significantly increases

Aker's financial flexibility.

"Aker's performance in the first half of 2026 demonstrates the strength of our

ownership model. NAV increased by close to NOK 40 billion after dividends,

driven by value realization, strong performance and continued progress accross

our portfolio companies. Following the Cognite transaction, Aker's liquidity

reserve will exceed NOK 20 billion. Combined with a more focused portfolio,

this materially increases our capacity to pursue attractive industrial

opportunities," said Øyvind Eriksen, President & CEO of Aker ASA.

Key events Q2-2026

* Aker agreed to sell Cognite to Schneider Electric at an EV of USD 3.1bn,

with estimated cash proceeds to Aker of USD 1.48bn

* Nscale signed two major Microsoft contracts in Portugal and Norway for more

than 96,000 NVIDIA Rubin GPUs combined

* Nscale secured USD 790m in financing to support the AI data center buildout

in Narvik, Norway

* Aker BP delivered net production of 383.6 mboepd in Q2, supported by strong

realized oil prices

* Aker BP and Equinor agreed on NCS portfolio swaps aimed at boosting

production and value creation

* Aker BP increased its ownership in Johan Sverdrup to 31.72% following a

redetermination process

* HMH completed its Nasdaq IPO, Akastor reduced its ownership to 36.2% and

paid a NOK 1.5 per share dividend

* Aker Solutions divested its SLB shareholding and paid an additional dividend

Key financials Q2-2026

The Net Asset Value ("NAV") of Aker ASA and holding companies ("Aker") was NOK

106 billion at quarter-end, after distributing NOK 2.2 billion in dividends.

This compares to NOK 110 billion the previous quarter. At quarter-end, Aker's

NAV per share was NOK 1,429 and the share price was NOK 1,148, implying a 20

percent discount to NAV.

* GAV: NOK 121.3bn

* Listed investments: NOK 65.9bn

* Unlisted investments: NOK 52.9bn

* Other assets & Cash: NOK 2.5bn

* NAV: NOK 106.1bn

* NAV per share: NOK 1,429

* Share price: NOK 1,148

* Dividend paid: NOK 29.00 per share (NOK 2.2bn)

* Liquidity: NOK 5.7bn*

(*of which NOK 0.8bn cash and liquid funds, and includes undrawn credit

facilities)

The webcast presentation will be held today at 09:00 CEST at

www.akerasa.com/webcast. All material, including the Excel-file, will be

available at www.akerasa.com (http://www.akerasa.com/)

-ENDS-

Media contact:

Atle Kigen, Head of Media Relations and Public Affairs

+47 90 78 48 78

[email protected]

Investor contact:

Fredrik Berge, Head of Investor Relations

+47 45 03 20 90

[email protected]

This information has been submitted pursuant to the Securities Trading Act §

5-12 and MAR. The information was submitted for publication, through the

agency of the contact persons set out above, at 2026-07-16 07:03 CEST.