Aker Horizons ASA (AKHOF), a part of the Aker Group, on Tuesday reported a net loss for the first half.
For the six-month period, the company recorded a net loss of NOK 1.365 billion, or NOK 1.98 per share, compared with a profit of NOK 1.264 billion, or NOK 1.83 per share in the same period last year.
Loss from continuing operations was NOK 338 million, or NOK 0.49 per share, as against the prior year's loss of NOK 284 million, or NOK 0.41 per share. This is mainly related to interest cost and loss on foreign exchange hedges in the period.
Loss from discontinuing operations stood at NOK 1.863 billion, compared with a profit of NOK 3.818 billion in 2024. The business to be merged with Aker is presented as discontinued operations and held-for-sale. This includes certain non-recurring items, such as a loss of NOK 263 million related to ACC's sale of the remaining 20 percent shareholding in SLB Capturi AS and write-down of certain offshore wind assets in mainstream of NOK 466 million as a result of the decision to perform an accelerated exit from offshore wind projects where this is deemed commercially beneficial.
Earlier, Aker Horizons had revealed structural changes to the group and announced a proposed merger of its subsidiary Aker Horizons Holding with Aker MergerCo, a subsidiary of Aker ASA.
Loss before tax was NOK 338 million, compared with a loss of NOK 284 million a year ago. Operating loss moved up to NOK 12 million from last year's loss of NOK 9 million.
Revenue was NOK 8 million, compared with NOK 0 million in the previous year.
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