Aker Carbon Capture

Earnings Release • Jul 15, 2025

Aker Carbon Capture group – Q2 2025 Financials

© 2023 Aker Carbon Capture

Condensed consolidated income statement

				Full year
in million Amounts NOK	Q2 2024	Q3 2024	Q4 2024	2024	Q1 2025	Q2 2025
Continuing operations
Revenues	-	6	-	6	-	-
Operating expenses	(7)	(18)	(21)	(48)	(7)	(13)
profit Operating (loss)	(7)	(12)	(21)	(43)	(7)	(13)
financial items Net	16	53	55	133	49	17
Profit (loss) derivate financial instrument (put/call)	-	-	51	51	16	8
Profit (loss) from equity-accounted investee	(7)	(87)	(49)	(143)	(41)	(24)
from disposal of equity-accounted investee Loss	-	-	-	-	-	(263)
Tax expense	-	-	(13)	(13)	(9)	20
Profit (loss) from continuing operations	2	(47)	2 3	(14)	8	(254)
Discontinued operations
Profit from (loss) discontinued operations	4 887 ,	-	(2)	4 810 ,	7 1	-
profit (loss) Net	889 4 ,	(47)	2 1	796 4 ,	9 7	(254)

The condensed consolidated interim financial statements should be read in conjunction with Aker Carbon Capture ASA's Annual Report 2024 and the 1H 2025 Interim report. The accounting policies applied in these financial statements are the same as those applied in the group's consolidated financial statements as for the year ended 31 December 2024 available on www.akercarboncaptureasa.com

© 2023 Aker Carbon Capture Slide 2

Condensed consolidated balance sheet

Assets
Amounts in NOK million	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Non-current assets
in associates Investments	1,018	930	886	846	-
financial Derivative assets	232	232	252	248	-
Total non-current assets	1,250	1,162	1,138	1,093	-
Current assets
Cash and cash equivalents	4,510	4,552	4,596	1,877	192
Total current assets	4,510	4,553	4,596	1,877	192
Total assets	5,760	5,715	5,734	2,971	192
Equity and Liabilities
Equity
Share capital	604	604	604	604	12
Other equity and reserves	4,917	4,871	4,896	1,471	80
Total equity	5,521	5,475	5,501	2,075	9 2
liabilities Non-current
financial Derivative liabilities	232	232	200	180	-
Total liabilities non-current	232	232	200	180	-
Current liabilities
Trade and other payables	6	8	21	12	8
payable Tax	-	-	13	22	2
Dividends payable	-	-	-	682	90
Total liabilities current	6	8	3 4	716	100
Total equity and liabilities	5,760	5,715	5,734	2,971	192

• Dividends of NOK 1,728 million approved on EGM 6 June 2025.
• The dividends was paid in June, except for withholding tax of NOK 90 million which will be settled in July (included in Cash and cash equivalents and Dividends payable at 30 June 2025).

The condensed consolidated interim financial statements should be read in conjunction with Aker Carbon Capture ASA's Annual Report 2024 and the 1H 2025 Interim report. The accounting policies applied in these financial statements are the same as those applied in the group's consolidated financial statements as for the year ended 31 December 2024 available on www.akercarboncaptureasa.com

Condensed consolidated cash flow

				Full year
in NOK million Amounts	Q2 2024	Q3 2024	Q4 2024	2024	Q1 2025	Q2 2025
Profit before continuing operations tax,	2	(47)	36	(1)	17	(274)
Profit before discontinued operations tax,	4,887	-	(2)	4,810	71	-
Adjustment for:
Amortisation and depreciation	3	-	-	9	-	-
Hedge adjustment , no cash flow effect	(1)	-	-	7	-	-
Changes in operating net current assets	(35)	2	12	(162)	(9)	(4)
Accrued interest and foreign exchange	1	-	-	-	-	-
Share of profit (loss) accounted equity investees	7	87	49	143	41	24
Gains and non cash items	(4,918)	0	(50)	(4,968)	(87)	255
Cash flow from operating activities	(54)	4 3	4 5	(163)	3 3	0
Acquisition of plant and equipment property,	(19)	-	-	(29)	-	-
for capitalized development Payments	(28)	-	-	(37)	-	-
of Proceeds sale equity accounted investees	-	-	-	-	-	635
Proceeds sale of subsidiaries	3,716	-	(2)	3,714	71	-
Cash flow from investing activities	3,669	-	(2)	3,647	7 1	635
of finance lease liabilities Payment	(1)	-	-	(2)	-	-
of dividends Payment	-	-	-	-	(2,822)	(2,320)
flow from financing Cash activities	(1)	-	-	(2)	(2,822)	(2,320)
revaluation of cash FX	(6)	-	-	2	-	-
cash flow Net	3,607	4 3	4 4	3,484	(2,719)	(1,685)
Cash and cash equivalent the beginning of the period at	902	4,510	4,552	1,112	4,596	1,877
Cash and cash equivalent the end of the period at	4,510	4,552	4,596	4,596	1,877	192

• Dividends of NOK 1,728 million was approved on EGM 6 June 2025, of which 1,638 million was settled in the quarter, and remaining NOK 90 million withholding tax to be settled in July 2025. The NOK 90 million is included in Cash and cash equivalents as of 30 June 2025.

• Dividends payable of NOK 682 million from the dividend resolution in Q1 2025 was also settled in Q2 2025.

The condensed consolidated interim financial statements should be read in conjunction with Aker Carbon Capture ASA's Annual Report 2024 and the 1H 2025 Interim report. The accounting policies applied in these financial statements are the same as those applied in the group's consolidated financial statements as for the year ended 31 December 2024 available on www.akercarboncaptureasa.com