Aker Horizons ASA: Invitation to Presentation of Fourth-Quarter Results 2024

Aker Horizons ASA (OSE: "AKH"), a leading developer of green energy and industry, has invited investors and stakeholders to its presentation of fourth-quarter results for the year 2024. The presentation will take place on February 6, 2025, at 08:30 CEST, and will be webcast on the company's website. The event will be led by Aker Horizons' CEO Kristian Røkke and CFO Kristoffer Dahlberg, along with Mainstream Renewable Power's CEO Mary Quaney, who will discuss the company's performance and key developments during the quarter.

Aker Horizons' strategic focus on green energy and industry has significantly impacted its financial performance and growth trajectory over the past year. The company's net capital employed stood at NOK 7.1 billion in the second quarter of 2024, an increase of NOK 1.9 billion from the first quarter, driven mainly by a gain from the Aker Carbon Capture-SLB transaction. The company also reported a cash position of NOK 3.1 billion and an undrawn credit facility of EUR 500 million, giving available liquidity of NOK 8.8 billion.

Key developments in Aker Horizons' portfolio companies have contributed to its overall success in the fourth quarter of 2024. Aker Carbon Capture successfully combined its carbon capture business with SLB, receiving NOK 4.1 billion in cash consideration and booking an accounting gain of NOK 4.9 billion. Mainstream Renewable Power secured major offshore and onshore wind licenses in Australia and a positive recommendation for government approval for the 2.5 GW Mareld floating offshore wind development in Sweden. Aker Clean Hydrogen announced a partnership with Statkraft and Yara to establish Europe's first industrial-scale green ammonia project in Norway, aiming to remove about 800,000 tonnes of annual greenhouse gas (GHG) emissions.



Aker Horizons' approach to capital allocation and investment in unlisted assets has influenced its net capital employed and available liquidity. The company's strategic investments in renewable energy and decarbonization technologies, such as Mainstream Renewable Power, Aker Carbon Capture, Aker Clean Hydrogen, and Aker Offshore Wind, have provided it with a diverse portfolio and a strong financial position. Additionally, Aker Horizons' exploration of new opportunities, such as data center projects in Northern Norway, has further contributed to its growth potential.

In conclusion, Aker Horizons' invitation to the presentation of fourth-quarter results 2024 is an opportunity for investors and stakeholders to learn about the company's performance and key developments during the quarter. The company's strategic focus on green energy and industry, along with its successful portfolio companies and strong financial position, makes it an attractive investment option in the renewable energy sector.