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
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.
(*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
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