Norway's Aker Q1 NAV rises

Aker ASA

08/05/2026 06:12

Overview

Norway investment holding company's Q1 NAV rose by NOK 43 bln to NOK 110 bln

NAV growth driven by increased Nscale ownership and gains in listed energy assets

Company approved NOK 29.00 per share dividend, paid in May 2026

Result Drivers

NSCALE OWNERSHIP INCREASE - NAV growth driven by Aker's increased stake in Nscale after Series C funding round

ENERGY ASSET GAINS - Higher value of listed energy assets, mainly Aker BP, contributed NOK 15 bln to NAV increase

TECHNOLOGY CONTRACTS - Nscale signed major contract with Microsoft for 30,000 GPUs in Narvik, replacing prior LOI with OpenAI

Company press release: ID:nMFN2552bg

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Asset Value
NOK 110 bln
Q1 Net Asset Value Per Share
NOK 1,480


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

Wall Street's median 12-month price target for Aker ASA is NOK1,062.50, about 2.7% below its May 7 closing price of NOK1,092.00

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 7 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)