Aker Solutions delivered a solid first-quarter performance for 2026, underpinned by strong order intake and a growing backlog, despite revenues easing from the record levels seen in 2025. The company continues to position itself for long-term growth across both traditional oil and gas markets and emerging energy sectors.

Revenue for the quarter reached NOK 13.4 billion, representing a decline from NOK 14.4 billion in the same period last year as activity levels normalised following a peak in 2025. Despite this, profitability remained robust, with underlying EBITDA of NOK 1.2 billion and an EBITDA margin of 8.6 percent, or 7.6 percent excluding contributions from SLB OneSubsea.

Net profit showed a notable increase year-on-year, rising to approximately NOK 1.0 billion compared to NOK 654 million in Q1 2025, reflecting improved operational efficiency and stronger bottom-line performance.

A key highlight of the quarter was order intake, which reached NOK 28.8 billion. This lifted the company’s total order backlog to NOK 80.2 billion by the end of the period, providing strong revenue visibility for the coming years.

Operationally, Aker Solutions reported steady progress across its major projects and continued to secure long-term frame agreements with key clients. The company also emphasised its strategic push into emerging segments, including small modular reactor (SMR) infrastructure, reflecting a broader diversification into low-carbon and energy transition markets.

Looking ahead, Aker Solutions expects full-year 2026 revenues of around NOK 50 billion, with EBITDA margins projected in the range of 7.0 to 7.5 percent, excluding income from SLB OneSubsea. The company highlighted a strong tender pipeline and increasing early-phase engineering activity as indicators of sustained market demand.

Overall, the first quarter reflects a transition from peak activity to a more stable operating environment, with a strong backlog and strategic positioning supporting continued resilience across evolving energy markets.