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Aker Carbon Capture Earnings Release 2025
3529_rns_2025-07-15_be05ba86-42fe-4d8d-9740-c0689c7853ba.pdf
Earnings Release
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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
