Aker Carbon Capture (ACC) Q2 2025 earnings summary

Executive summary

• Q2 2025 saw a net loss of NOK 254 million, following a net profit of NOK 79 million in Q1 2025 and a significant profit from discontinued operations in prior periods.

• Divested 20% stake in SLB Capturi to Aker, completing exit from JV and triggering NOK 635 million in proceeds.

• Returned NOK 5.2 billion in cash to shareholders via dividends and share capital reduction.

• Board proposes liquidation of the company within 2025, with remaining cash to be distributed as liquidation dividend.

• Earn-out of NOK 71 million received from SLB Capturi following EPCIC contract award for Hafslund Celsio project.

Financial highlights

• Net loss for Q2 2025 was NOK 254 million; net loss for 1H 2025 was NOK 175 million.

• Cash and cash equivalents dropped to NOK 192 million at Q2 2025 from NOK 1,877 million in Q1 2025 and NOK 4,510 million in Q2 2024.

• Total assets decreased to NOK 192 million at Q2 2025 from NOK 2,971 million in Q1 2025.

• Dividends of NOK 1,728 million were approved and mostly paid in Q2 2025; total cash outflows for dividends in 1H 2025 were NOK 5,143 million.

• Interest income of NOK 66 million and NOK 71 million gain from discontinued operations (earn-out) in 1H 2025.

Capital allocation and financing

• NOK 5.2 billion returned to shareholders via dividends and share capital reduction in 1H 2025.

• Dividends of NOK 1,728 million approved in June 2025, with NOK 1,638 million paid in Q2 and NOK 90 million withholding tax to be settled in July.

• Dividends payable of NOK 682 million from Q1 2025 were also settled in Q2 2025.

• Cash flow from financing activities in Q2 2025 was negative NOK 2,822 million, mainly due to dividend payments.

• Cash position significantly reduced following major distributions and divestments.