Investing.com -- Aker ASA (OL:AKER) on Friday reported a profit before tax of NOK 741 million for the first quarter of 2025, supported by gains from asset sales and dividend income, according to its financial statement published Friday.
The Norwegian industrial investment firm said its net asset value, or NAV, rose to NOK 61.9 billion as of March 31, up from NOK 58.2 billion at the end of 2024.
NAV per share came in at NOK 834. The increase reflected a positive revaluation of Aker’s industrial holdings as well as continued execution on portfolio simplification, the company said in a separate statement.
Gross asset value stood at NOK 68.7 billion at the end of the quarter. Listed assets accounted for NOK 47.7 billion of that total, while unlisted assets made up NOK 14.2 billion.
Aker’s share price closed the quarter at NOK 622. The company also noted that liquidity totaled NOK 9.3 billion, including NOK 1.1 billion in cash and liquid funds.
Dividend income in the quarter reached NOK 1.2 billion, the bulk of which came from Aker BP (NYSE:BP), the company’s oil and gas affiliate, which paid out NOK 1.1 billion.
Operating expenses increased to NOK 73 million, up from NOK 65 million in the same period a year earlier.
The board’s proposed dividend of NOK 26.50 per share for fiscal 2024 was approved by the Annual General Meeting and is set to be paid out in May 2025.
President and CEO Øyvind Eriksen said that while the quarterly figures reflected a solid start to the year, the global outlook had shifted since the end of March due to rising geopolitical tensions.
He said recent strategic moves, including transactions involving Aker Horizons and Aker Carbon Capture, were part of efforts to streamline the portfolio and strengthen long-term positioning.