Aker ASA reports strong Q3 results, boosts dividend to NOK 53 per share

Aker ASA's Net Asset Value (NAV) reached NOK 67.5 billion (NOK 909 per share) at the end of Q3 2025, up from NOK 66.5 billion in Q2 2025, driven by strong performance across its diversified portfolio. The board approved an additional cash dividend of NOK 26.50 per share for Q4, bringing the total dividend for 2025 to NOK 53.00 per share (NOK 3.9 billion), reflecting a continued commitment to shareholder value. The company’s share price rose by 19.5% in Q3, outperforming the Oslo Stock Exchange benchmark index (OSEBX) and Brent oil price.

The quarter saw significant progress in Aker's strategy of a more focused portfolio. Key highlights included the establishment of the Aker Nscale joint venture with OpenAI and Microsoft as major customers, continued strong performance from Cognite, and the completion of the Aker Horizons transaction. After quarter-end, Aker secured a 9.3% ownership in Nscale through a record Series B funding round and continued its real estate expansion with a 7.48% stake in Sveafastigheter. This strategic shift into AI infrastructure and real estate complements its strong industrial backbone.

Aker's Gross Asset Value (GAV) stood at NOK 76.8 billion, with listed investments accounting for NOK 55.2 billion, unlisted investments for NOK 13.3 billion, and cash and other assets for NOK 8.3 billion. The company maintains strong liquidity of NOK 7.8 billion, including undrawn credit facilities and cash.