{"id":22597,"date":"2025-05-08T16:04:11","date_gmt":"2025-05-08T09:04:11","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=22597"},"modified":"2025-05-08T16:04:11","modified_gmt":"2025-05-08T09:04:11","slug":"aker-horizons-asa-first-quarter-results-2025","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=22597","title":{"rendered":"Aker Horizons ASA: First-quarter results 2025"},"content":{"rendered":"<p><span class=\"legendSpanClass\">FORNEBU, <span class=\"xn-location\">Norway<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">May 8, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Aker Horizons ASA (OSE:\u00a0AKH), a developer of green energy and industry, today announced results for the first quarter 2025. Aker Horizons&#8217; net capital employed stood at <span class=\"xn-money\">NOK 4.3 billion<\/span>, a decrease of <span class=\"xn-money\">NOK 1.7 billion<\/span> from the fourth quarter, mainly reflecting the dividend paid by Aker Carbon Capture ASA (&#8220;ACC&#8221;) during the quarter and AKH&#8217;s share of results in the portfolio companies in Q1. The company reported a cash position of <span class=\"xn-money\">NOK 4.1 billion<\/span> and an undrawn credit facility of <span class=\"xn-money\">EUR 500 million<\/span>. The credit facility has since expired and will not be extended.<\/p>\n<p>Main developments in the portfolio:<\/p>\n<p>ACC paid the first portion of a <span class=\"xn-money\">NOK 3.5bn<\/span> dividend to shareholders in Q1<\/p>\n<ul type=\"disc\">\n<li>A dividend payment of <span class=\"xn-money\">NOK 1.26bn<\/span> was received by AKH in March, <span class=\"xn-money\">NOK 0.26bn<\/span> in May<\/li>\n<li>ACC received an earn-out of <span class=\"xn-money\">NOK 71m<\/span> from SLB related to the Hafslund Celsio contract award<\/li>\n<li>SLB Capturi recorded high commercial activity, with several tenders in process<\/li>\n<\/ul>\n<p>The refinancing of Mainstream Renewable Power (&#8220;MRP&#8221;) was completed, securing funding for growth in core markets <span class=\"xn-location\">South Africa<\/span> and <span class=\"xn-location\">Asia Pacific<\/span><\/p>\n<ul type=\"disc\">\n<li>Three projects for a combined 350 MW are advancing towards financial close within the next 18 months in <span class=\"xn-location\">South Africa<\/span><\/li>\n<li>A portfolio of projects in <span class=\"xn-location\">Colombia<\/span> totaling 675 MW was sold to local energy company Celsia<\/li>\n<li><span class=\"xn-person\">Morten Henriksen<\/span> was appointed as new CEO of MRP, and corporate headquarters are being relocated from <span class=\"xn-location\">Dublin<\/span> to <span class=\"xn-location\">Oslo<\/span><\/li>\n<\/ul>\n<p>Aker Horizons is exploring the potential for data centers in the north of <span class=\"xn-location\">Norway<\/span> together with Nordkraft<\/p>\n<ul type=\"disc\">\n<li>A potential data center business could leverage the ready-to-build Kvandal site in Narvik<\/li>\n<li>The Narvik Green Ammonia project is awaiting feedback on an application for additional grid capacity, and will not proceed to the next stage until clarity on grid is obtained<\/li>\n<\/ul>\n<p>SuperNode completed the initial full-scale testing of its superconducting technology<\/p>\n<ul type=\"disc\">\n<li>A prototype of SuperNode&#8217;s full-scale superconducting system was tested successfully in the company&#8217;s own facility in the UK in March<\/li>\n<li>A demo with 30 meters transmission distance is to be conducted in mid-2025<\/li>\n<\/ul>\n<p>Aker Horizons reports net capital employed to reflect a portfolio composed mainly of unlisted assets. Net capital employed includes Aker Horizons&#8217; initial investment in the portfolio company, adjusted for any profit or loss and any additional investments, adjusted for foreign exchange fluctuations. As of the first quarter, Aker Horizons had <span class=\"xn-money\">NOK 898 million<\/span> net capital employed in ACC, <span class=\"xn-money\">NOK 2.06 billion<\/span> in Mainstream, <span class=\"xn-money\">NOK 573 million<\/span> in AAD, <span class=\"xn-money\">NOK 195 million<\/span> in SuperNode and <span class=\"xn-money\">NOK 568 million<\/span> in other assets.<\/p>\n<p>The Q1 2025 presentation is attached.<\/p>\n<p>Aker Horizons&#8217; CEO <span class=\"xn-person\">Lars P. S\u00f8rvaag<\/span> Sperre and CFO <span class=\"xn-person\">Kristoffer Dahlberg<\/span>, and Mainstream&#8217;s CFO <span class=\"xn-person\">Julie Berg<\/span> will present the main developments in the first quarter 2025 today at <span class=\"xn-chron\">08:30 CET<\/span>, followed by a Q&amp;A session. The presentation, which is open to all, will be held in English and will be webcast on Aker Horizons&#8217; website:<\/p>\n<p><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4423174-1&amp;h=3389102284&amp;u=https%3A%2F%2Fakerhorizons.com%2Finvestors&amp;a=https%3A%2F%2Fakerhorizons.com%2Finvestors\" target=\"_blank\" rel=\"nofollow\">https:\/\/akerhorizons.com\/investors<\/a><\/p>\n<p><b>For further information, please contact:<\/b><br \/>Jonas Gamre, Investor Relations, tel: +47 97 11 82 92, email: <a href=\"mailto:jonas.gamre@akerhorizons.com\" target=\"_blank\" rel=\"nofollow\">jonas.gamre@akerhorizons.com<\/a><br \/><span class=\"xn-person\">Mats Ektvedt<\/span>, Media, tel: +47 41 42 33 28, email: <a href=\"mailto:mats.ektvedt@corporatecommunications.no\" target=\"_blank\" rel=\"nofollow\">mats.ektvedt@corporatecommunications.no<\/a><\/p>\n<p><b>About Aker Horizons <\/b><\/p>\n<p>Aker Horizons develops green energy and green industry to accelerate the transition to Net Zero. The company is active in renewable energy, carbon capture and sustainable industrial assets. As part of the Aker group, Aker Horizons applies industrial, technological and capital markets expertise with a planet-positive purpose to drive decarbonization globally. Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu, <span class=\"xn-location\">Norway<\/span>. Across its portfolio, the company is present on five continents. <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4423174-1&amp;h=1003352265&amp;u=https%3A%2F%2Fwww.akerhorizons.com%2F&amp;a=www.akerhorizons.com\" target=\"_blank\" rel=\"nofollow\">www.akerhorizons.com<\/a><\/p>\n<p>This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements in Regulation EU 596\/2014 and the Norwegian Securities Trading Act \u00a7 5-12. This stock exchange announcement was published by <span class=\"xn-person\">Mats Ektvedt<\/span>, Partner in Corporate Communications, on <span class=\"xn-chron\">8 May 2025<\/span> at <span class=\"xn-chron\">07:00 CET<\/span>.<\/p>\n<p>This information was brought to you by Cision <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4423174-1&amp;h=3118037739&amp;u=http%3A%2F%2Fnews.cision.com%2F&amp;a=http%3A%2F%2Fnews.cision.com\" target=\"_blank\" rel=\"nofollow\">http:\/\/news.cision.com<\/a><\/p>\n<p><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4423174-1&amp;h=1760336033&amp;u=https%3A%2F%2Fnews.cision.com%2Faker-horizons%2Fr%2Faker-horizons-asa--first-quarter-results-2025%2Cc4147211&amp;a=https%3A%2F%2Fnews.cision.com%2Faker-horizons%2Fr%2Faker-horizons-asa--first-quarter-results-2025%2Cc4147211\" target=\"_blank\" rel=\"nofollow\">https:\/\/news.cision.com\/aker-horizons\/r\/aker-horizons-asa&#8211;first-quarter-results-2025,c4147211<\/a><\/p>\n<p>The following files are available for download:<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4423174-1&amp;h=828252956&amp;u=https%3A%2F%2Fmb.cision.com%2FPublic%2F20659%2F4147211%2F92114406c700ce44.pdf&amp;a=https%3A%2F%2Fmb.cision.com%2FPublic%2F20659%2F4147211%2F92114406c700ce44.pdf\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">https:\/\/mb.cision.com\/Public\/20659\/4147211\/92114406c700ce44.pdf<\/a><\/span><\/p>\n<\/td>\n<td class=\"prngen1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Aker Horizons Q1 2025 Presentation<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>\u00a0<\/p>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<p><span class=\"legendSpanClass\">FORNEBU, <span class=\"xn-location\">Norway<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">May 8, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Aker Horizons ASA (OSE:\u00a0AKH), a developer of green energy and industry, today announced results for the first quarter 2025. Aker Horizons&#8217; net capital employed stood at <span class=\"xn-money\">NOK 4.3 billion<\/span>, a decrease of <span class=\"xn-money\">NOK 1.7 billion<\/span> from the fourth quarter, mainly reflecting the dividend paid by Aker Carbon Capture ASA (&#8220;ACC&#8221;) during the quarter and AKH&#8217;s share of results in the portfolio companies in Q1. The company reported a cash position of <span class=\"xn-money\">NOK 4.1 billion<\/span> and an undrawn credit facility of <span class=\"xn-money\">EUR 500 million<\/span>. The credit facility has since expired and will not be extended.<\/p>\n<p>Main developments in the portfolio:<\/p>\n<p>ACC paid the first portion of a <span class=\"xn-money\">NOK 3.5bn<\/span> dividend to shareholders in Q1<\/p>\n<ul type=\"disc\">\n<li>A dividend payment of <span class=\"xn-money\">NOK 1.26bn<\/span> was received by AKH in March, <span class=\"xn-money\">NOK 0.26bn<\/span> in May<\/li>\n<li>ACC received an earn-out of <span class=\"xn-money\">NOK 71m<\/span> from SLB related to the Hafslund Celsio contract award<\/li>\n<li>SLB Capturi recorded high commercial activity, with several tenders in process<\/li>\n<\/ul>\n<p>The refinancing of Mainstream Renewable Power (&#8220;MRP&#8221;) was completed, securing funding for growth in core markets <span class=\"xn-location\">South Africa<\/span> and <span class=\"xn-location\">Asia Pacific<\/span><\/p>\n<ul type=\"disc\">\n<li>Three projects for a combined 350 MW are advancing towards financial close within the next 18 months in <span class=\"xn-location\">South Africa<\/span><\/li>\n<li>A portfolio of projects in <span class=\"xn-location\">Colombia<\/span> totaling 675 MW was sold to local energy company Celsia<\/li>\n<li><span class=\"xn-person\">Morten Henriksen<\/span> was appointed as new CEO of MRP, and corporate headquarters are being relocated from <span class=\"xn-location\">Dublin<\/span> to <span class=\"xn-location\">Oslo<\/span><\/li>\n<\/ul>\n<p>Aker Horizons is exploring the potential for data centers in the north of <span class=\"xn-location\">Norway<\/span> together with Nordkraft<\/p>\n<ul type=\"disc\">\n<li>A potential data center business could leverage the ready-to-build Kvandal site in Narvik<\/li>\n<li>The Narvik Green Ammonia project is awaiting feedback on an application for additional grid capacity, and will not proceed to the next stage until clarity on grid is obtained<\/li>\n<\/ul>\n<p>SuperNode completed the initial full-scale testing of its superconducting technology<\/p>\n<ul type=\"disc\">\n<li>A prototype of SuperNode&#8217;s full-scale superconducting system was tested successfully in the company&#8217;s own facility in the UK in March<\/li>\n<li>A demo with 30 meters transmission distance is to be conducted in mid-2025<\/li>\n<\/ul>\n<p>Aker Horizons reports net capital employed to reflect a portfolio composed mainly of unlisted assets. Net capital employed includes Aker Horizons&#8217; initial investment in the portfolio company, adjusted for any profit or loss and any additional investments, adjusted for foreign exchange fluctuations. As of the first quarter, Aker Horizons had <span class=\"xn-money\">NOK 898 million<\/span> net capital employed in ACC, <span class=\"xn-money\">NOK 2.06 billion<\/span> in Mainstream, <span class=\"xn-money\">NOK 573 million<\/span> in AAD, <span class=\"xn-money\">NOK 195 million<\/span> in SuperNode and <span class=\"xn-money\">NOK 568 million<\/span> in other assets.<\/p>\n<p>The Q1 2025 presentation is attached.<\/p>\n<p>Aker Horizons&#8217; CEO <span class=\"xn-person\">Lars P. S\u00f8rvaag<\/span> Sperre and CFO <span class=\"xn-person\">Kristoffer Dahlberg<\/span>, and Mainstream&#8217;s CFO <span class=\"xn-person\">Julie Berg<\/span> will present the main developments in the first quarter 2025 today at <span class=\"xn-chron\">08:30 CET<\/span>, followed by a Q&amp;A session. The presentation, which is open to all, will be held in English and will be webcast on Aker Horizons&#8217; website:<\/p>\n<p><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4423174-1&amp;h=3389102284&amp;u=https%3A%2F%2Fakerhorizons.com%2Finvestors&amp;a=https%3A%2F%2Fakerhorizons.com%2Finvestors\" target=\"_blank\" rel=\"nofollow\">https:\/\/akerhorizons.com\/investors<\/a><\/p>\n<p><b>For further information, please contact:<\/b><br \/>Jonas Gamre, Investor Relations, tel: +47 97 11 82 92, email: <a href=\"mailto:jonas.gamre@akerhorizons.com\" target=\"_blank\" rel=\"nofollow\">jonas.gamre@akerhorizons.com<\/a><br \/><span class=\"xn-person\">Mats Ektvedt<\/span>, Media, tel: +47 41 42 33 28, email: <a href=\"mailto:mats.ektvedt@corporatecommunications.no\" target=\"_blank\" rel=\"nofollow\">mats.ektvedt@corporatecommunications.no<\/a><\/p>\n<p><b>About Aker Horizons <\/b><\/p>\n<p>Aker Horizons develops green energy and green industry to accelerate the transition to Net Zero. The company is active in renewable energy, carbon capture and sustainable industrial assets. As part of the Aker group, Aker Horizons applies industrial, technological and capital markets expertise with a planet-positive purpose to drive decarbonization globally. Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu, <span class=\"xn-location\">Norway<\/span>. Across its portfolio, the company is present on five continents. <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4423174-1&amp;h=1003352265&amp;u=https%3A%2F%2Fwww.akerhorizons.com%2F&amp;a=www.akerhorizons.com\" target=\"_blank\" rel=\"nofollow\">www.akerhorizons.com<\/a><\/p>\n<p>This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements in Regulation EU 596\/2014 and the Norwegian Securities Trading Act \u00a7 5-12. This stock exchange announcement was published by <span class=\"xn-person\">Mats Ektvedt<\/span>, Partner in Corporate Communications, on <span class=\"xn-chron\">8 May 2025<\/span> at <span class=\"xn-chron\">07:00 CET<\/span>.<\/p>\n<p>This information was brought to you by Cision <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4423174-1&amp;h=3118037739&amp;u=http%3A%2F%2Fnews.cision.com%2F&amp;a=http%3A%2F%2Fnews.cision.com\" target=\"_blank\" rel=\"nofollow\">http:\/\/news.cision.com<\/a><\/p>\n<p><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4423174-1&amp;h=1760336033&amp;u=https%3A%2F%2Fnews.cision.com%2Faker-horizons%2Fr%2Faker-horizons-asa--first-quarter-results-2025%2Cc4147211&amp;a=https%3A%2F%2Fnews.cision.com%2Faker-horizons%2Fr%2Faker-horizons-asa--first-quarter-results-2025%2Cc4147211\" target=\"_blank\" rel=\"nofollow\">https:\/\/news.cision.com\/aker-horizons\/r\/aker-horizons-asa&#8211;first-quarter-results-2025,c4147211<\/a><\/p>\n<p>The following files are available for download:<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4423174-1&amp;h=828252956&amp;u=https%3A%2F%2Fmb.cision.com%2FPublic%2F20659%2F4147211%2F92114406c700ce44.pdf&amp;a=https%3A%2F%2Fmb.cision.com%2FPublic%2F20659%2F4147211%2F92114406c700ce44.pdf\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">https:\/\/mb.cision.com\/Public\/20659\/4147211\/92114406c700ce44.pdf<\/a><\/span><\/p>\n<\/td>\n<td class=\"prngen1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Aker Horizons Q1 2025 Presentation<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<p><!-- \/wp:html --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-22597","post","type-post","status-publish","format-standard","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/22597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22597"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/22597\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}