Akastor
Logotype for Akastor

Akastor (AKAST) investor relations material

Akastor Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Akastor
Q4 2025 earnings summary12 Feb, 2026

Executive summary

  • Approved a NOK 0.40 per share cash dividend, marking the third consecutive quarterly payout and reflecting a commitment to returning excess capital to shareholders, supported by the sale of Skandi Atlantic.

  • Maintained a solid financial position with a positive net cash position, no draw on corporate RCF, and robust cash generation across portfolio companies.

  • HMH delivered strong financial performance with USD 58 million adjusted EBITDA (28% margin) and USD 66 million free cash flow, driven by cost efficiencies and inventory optimization.

  • AKOFS Offshore secured a new four-year contract with Petrobras, Aker Wayfarer was nominated for a similar contract, and high vessel utilization was achieved.

  • DDW Offshore completed refinancing, sold Skandi Atlantic for USD 22.75 million above book value, and reported strong operational performance.

Financial highlights

  • HMH reported USD 206 million in revenue for 4Q 2025, with adjusted EBITDA of USD 58 million (28% margin), up 23% year-on-year and 39% quarter-on-quarter.

  • Free cash flow for HMH was USD 66 million in 4Q 2025, with FY2025 free cash flow at USD 106 million.

  • DDW Offshore delivered revenues of NOK 105 million and EBITDA of NOK 18 million for the quarter.

  • Group equity ratio was 89% at year-end 2025, with net capital employed at NOK 5,335 million.

  • Liquidity reserve stood at NOK 621 million, including NOK 276 million in a liquidity fund investment.

Outlook and guidance

  • Market recovery in offshore drilling is expected mid-2026, with increasing backlog for drillers and operational outperformance despite a soft 2025.

  • HMH maintains IPO readiness, with S-1 filing updated; timing depends on market conditions.

  • NES Fircroft is exit-ready, with alternatives being explored for a sale or listing.

  • AKOFS contracts provide long-term earnings visibility, but cash flow is limited until late 2027 due to CapEx and lease payments.

  • Portfolio strengthened by contract wins and refinancing, supporting long-term value creation ambitions.

HMH's operational improvements for margin growth?
AKOFS value unlocking timeline and hurdles?
NES Fircroft exit preference and rationale?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Akastor earnings date

Logotype for Akastor
Q1 202629 Apr, 2026
Akastor
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Akastor earnings date

Logotype for Akastor
Q1 202629 Apr, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Akastor is an investment company focused on industrial and oilfield services. The company owns and operates businesses in drilling systems, subsea technologies, and engineering services, primarily serving the global oil and gas industry. It manages its portfolio with a focus on value creation and strategic partnerships. The company is headquartered in Lysaker, Norway, and its shares are listed on the OSE.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage