Norway's Aker Q2 NAV falls; plans to take Aker BioMarine private

Aker ASA

16/07/2026 06:13

Overview
Norway industrial investment firm's Q2 NAV was NOK 106 bln after paying NOK 2.2 bln dividend
Company agreed to sell Cognite to Schneider Electric at USD 3.1 bln EV, boosting liquidity
Aker announced offer to take Aker BioMarine private

Outlook
Aker expects liquidity reserve to exceed NOK 20 bln after Cognite transaction
Company says increased financial flexibility will support pursuit of industrial opportunities
Aker sees a more focused portfolio following Cognite sale

Result Drivers
COGNITE SALE - Sale of Cognite to Schneider Electric generated NOK 14.7 bln in cash proceeds, boosting liquidity and financial flexibility
NSCALE GROWTH - Nscale signed major Microsoft contracts and secured USD 790 mln in financing to support AI data center expansion
AKER BP PERFORMANCE - Strong results from Aker BP, including higher production and realized oil prices, contributed to NAV development

Company press release: ID:nMFNbpPlr7

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Asset Value
 
NOK 106 bln
 
Q2 Net Asset Value Per Share
 
NOK 1,430
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "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 NOK1,400.00, about 10.9% above its July 15 closing price of NOK1,262.00
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 14 three months ago

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(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.)