Slides
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Paal Eikeseth, President & CEO Idar Eikrem, CFO 3Q 2026
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Introduction & Operational Update Paal Eikeseth, President and CEO
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3Q 2026| Deliver and Transform Revenue Excluding special items 13.5 NOK BILLION EBITDA Excluding special items 1.3 NOK BILLION Order Intake 5.4 NOK BILLION Order Backlog 69.3 NOK BILLION 0 5 10 15 20 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 17.0 16.7 13.4 13.1 13.5 0 5 10 15 20 25 30 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 0 20 40 60 80 100 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 9% 8% 9% 9% 10% 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1.6 0% 2% 4% 6% 8% 10% 12% 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 Financials ▪ Continued solid performance following peak activity levels in 2025 ▪ Robust financial position with net cash position of NOK 5.8 billion ▪ Improved financial performance in SLB OneSubsea Operational ▪ Successful sail-away of Aker BP’s Hugin B and Valhall PWP topsides ▪ Strong performance across Life Cycle frame agreements and modifications ▪ Mobilizing engineering personnel for opportunities with Rolls-Royce SMR Outlook ▪ 2026 revenue expected to be between NOK 53 – 55 billion with an EBITDA margin of 7.5 – 8.0 percent excluding net profit from SLB OneSubsea ▪ Reshaping the business, reducing the cost base and aligning capacity with lower expected activity in 2027 Third-Quarter Presentation 3
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3Q 2026 | Project Portfolio Highlights Subsea Tie-Backs Aker BP Projects Small Modular Reactors Offshore Wind HVDC Carbon Capture & Storage Hydropower 4 Third-Quarter Presentation
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3Q 2026 | Long-Term Frame Agreements in Life Cycle 5 Selected Life Cycle Frame Agreements Fixed period Option period Selected Frame Agreements Tendering First awarded <2000 <20001 2016 2012 2005 <2000 <2000 1Including period where contract was operated by Reinertsen which was later acquired by Aker Solutions 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035-> <2039 <2038 2015 Awarded 3Q 2026 2019 Third-Quarter Presentation
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3Q 2026| Tendering activity Tender Value Development NOK BILLION Americas 2.3 NOK BILLION Africa 1.4 NOK BILLION Asia/Australia 43 NOK BILLION Europe 25 NOK BILLION 0 30 60 90 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 Figures excluding SLB OneSubsea tenders Third-Quarter Presentation 6
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3Q 2026| SLB OneSubsea on track to meet its order intake targets Global Subsea Equipment Spending 7 Positioning the company for growth from 2027 onwards Source: Rystad ServiceDemand Cube, October 2026 2026 2030 29% Europe Equinor Wisting Equinor Snøhvit gas compression Equinor Tie-back projects Equinor TWIN/ wave 1 tie-backs Vår Energi Tie-back projects Vår Energi Goliat/ Balder New Wells Aker BP Tie-back projects Chevron Aphrodite Equinor Gullfaks Subsea Compression APAC/ Australia CNOOC Kaiping CNOOC Yongle Eni Kutei North Hub Mubadala Tangkulo P1 Inpex Abadi Woodside Browse PTTEP Kikeh 3B North and South America (excl. Brazil) Equinor Bay du Nord Chevron Anchor Phase 2 bp Thunder Horse Woodside Calypso Petronas Suriname (collaboration agreement) Petronas Slonea BOE HPHT Subsea Boosting Brazil Equinor Bacalhau Phase 2 Petrobras Subsea water injection Petrobras Mature fields revitalization Petrobras Buzios 12 Petrobras Sergipe Alagoas Petrobras GFAs 2026 announcements Third-Quarter Presentation ME/ Africa ExxonMobil Owowo ExxonMobil Bosi ExxonMobil Rovuma LNG Phase 1 TotalEnergies ACCE TotalEnergies Venus TotalEnergies Preowei Eni Baleine Phase 3 Eni Coral North Azule Energy Greater PAJ
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Financial Performance Idar Eikrem, CFO
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3Q 2026| Key Figures Financials and Highlights ■ Revenue1 of NOK 13.5 billion ▪ Revenue development in line with expectations following 2025 peak activity levels ■ EBITDA1 of NOK 1.3 billion (9.6% margin) ▪ Net profit from SLB OneSubsea of NOK 281 million ▪ EBITDA margin excluding net profit from SLB OneSubsea of 7.7% ■ EBIT1 of NOK 891 million (6.6% margin) ■ Net profit1 of NOK 704 million in the quarter ■ EPS1 for the quarter of NOK 1.45 1 Special items mainly include restructuring costs, impairments and costs linked to the impact of currency derivatives not qualifying for hedge accounting. See the appendix and interim report for details on special items NOK million 3Q 2026 3Q 2025 2Q 2026 2025 Revenue and other income 13,464 16,983 13,074 63,202 Revenue ex. special items 13,464 16,983 13,074 63,207 Net profit from SLB OneSubsea 281 295 174 749 Revenue ex. special items and Net profit from SLB OneSubsea 13,183 16,688 12,900 62,458 EBITDA 1,283 1,472 1,190 5,027 EBITDA ex. special items1 1,294 1,490 1,199 5,284 Net profit from SLB OneSubsea 281 295 174 749 EBITDA ex. special items1 and Net profit from SLB OneSubsea 1,013 1,195 1,025 4,534 EBITDA margin 9.5% 8.7% 9.1% 8.0% EBITDA margin ex. special items1 9.6% 8.8% 9.2% 8.4% EBITDA margin ex. special items1 and Net profit from SLB OneSubsea 7.7% 7.2% 7.9% 7.3% EBIT 880 1,120 810 3,565 EBIT ex. special items1 891 1,127 819 3,832 Net profit from SLB OneSubsea 281 295 174 749 EBIT ex. special items1 and Net profit from SLB OneSubsea 610 832 645 3,083 EBIT margin 6.5% 6.6% 6.2% 5.6% EBIT margin ex. special items1 6.6% 6.6% 6.3% 6.1% EBIT margin ex. special items1 and Net profit from SLB OneSubsea 4.6% 5.0% 5.0% 4.9% Net profit 697 871 646 2,531 Net profit ex. special items1 704 863 659 2,924 Earnings per share (NOK) 1.44 1.81 1.34 5.28 Earnings per share (NOK) ex. special items1 1.45 1.79 1.37 6.10 Dividend per share (NOK) - - - 3.60 Third-Quarter Presentation 9
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3Q 2026| Renewables and Field Development Financials and Highlights ▪ Revenue of NOK 9.2 billion in the quarter ▪ Revenue development in line with expectations ▪ EBITDA of NOK 775 million (8.4% margin) in the quarter ▪ Continued progress on key projects across the portfolio ▪ Negatively affected by legacy lump sum projects ▪ Order intake of NOK 3.7 billion (0.4x book-to-bill) in the quarter ▪ Growth and increased scope on existing projects ▪ Order backlog of NOK 27.1 billion ▪ Mainly related to execution and commissioning of Aker BP projects, as well as second-generation renewables projects ▪ Revenue in 2026 expected to be between NOK 36 and 38 billion Revenue Excluding special items 9.2 NOK BILLION EBITDA Excluding special items 775 NOK MILLION Order Intake 3.7 NOK BILLION Order Backlog 27.1 NOK BILLION 0 2 4 6 8 10 12 14 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 0 2 4 6 8 10 12 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 0 10 20 30 40 50 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 8% 8% 8% 0 200 400 600 800 1,000 1,200 0% 2% 4% 6% 8% 10% 3Q 25 4Q 25 8% 1Q 26 9% 2Q 26 3Q 26 Third-Quarter Presentation 10
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3Q 2026| Life Cycle Financials and Highlights ▪ Revenue of NOK 3.6 billion in the quarter ▪ Lower activity in electrification portfolio compared to same period last year ▪ EBITDA of NOK 274 million (7.6% margin) in the quarter ▪ Improved margins compared to same period last year driven by continued solid performance on ongoing projects and frame agreements ▪ Order intake of NOK 1.2 billion (0.3x book-to-bill) ▪ Long-term frame agreement with bp in the United Kingdom ▪ Order intake in Life Cycle is lumpy by nature, driven by large long-term frame agreements and timing of larger project awards ▪ Continued solid order backlog of NOK 40.0 billion, excluding option periods ▪ Good visibility on activity levels for several years ahead ▪ Well positioned for subsea tie-back portfolio on NCS ▪ Revenue expected to be between NOK 14 and 15 billion in 2026 Revenue Excluding special items 3.6 NOK BILLION EBITDA Excluding special items 274 NOK MILLION Order Intake 1.2 NOK BILLION Order Backlog 40.0 NOK BILLION 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 0 2 4 6 8 22 24 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 0 10 20 30 40 50 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 7% 8% 7% 7% 8% 0 50 100 150 200 250 300 0% 2% 4% 6% 8% 10% 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 Third-Quarter Presentation 11
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3Q 2026| SLB OneSubsea Figures in US dollars showing SLB OneSubsea on 100% basis, US GAAP reporting Revenue Excluding special items EBITDA Excluding special items Net Profit Before PPA1 Order BacklogOrder Intake Net Cash 1.1 USD BILLION 197 USD MILLION 152 USD MILLION 1.2 USD BILLION 5.3 USD BILLION 482 USD MILLION Financials and Highlights ▪ Revenue of USD 1.1 billion in the quarter ▪ 12% increase from same period last year ▪ EBITDA of USD 197 million (18.5% margin) ▪ Improved margins compared to 1H 2026 ▪ Net Profit before PPA1 of USD 152 million ▪ Impacted by one-off tax provision release ▪ Order intake of USD 1.2 billion in the quarter ▪ Targets cumulative bookings exceeding USD 9 billion in 2026 and 2027 ▪ Solid order backlog of USD 5.3 billion ▪ Backlog has increased 12% year-to-date ▪ Robust financial position and attractive dividend policy ▪ Net cash position increased to USD 482 million during the third quarter ▪ Shareholder distribution in 2026 expected to be broadly in line with 2025 0.0 0.2 0.4 0.6 0.8 1.0 1.2 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 0 50 100 150 200 0% 5% 10% 15% 20% 18% 3Q 25 18% 4Q 25 17% 1Q 26 17% 2Q 26 18% 3Q 26 0 20 40 60 80 100 120 140 160 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 0,0 1,0 2,0 3,0 4,0 5,0 6,0 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 1 Net Profit before Purchase Price Allocation (PPA) adjustments Third-Quarter Presentation 12
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3Q 2026| Cash Generation Financials and Highlights ▪ Cash flow from operations of NOK 1.6 billion ▪ Including improvement of working capital of NOK 677 million ▪ CAPEX investments of NOK 67 million ▪ Mainly related to maintenance of existing facilities and equipment ▪ Dividend from SLB OneSubsea of NOK 137 million ▪ Dividends from SLB OneSubsea expected to increase in the fourth quarter, supporting full-year distributions in line with 2025 levels ▪ Solid net cash position of NOK 5.8 billion ▪ Including NOK 2.1 billion placed in liquid funds Change in Cash and Cash Equivalents NOK MILLION 2,305 1,294 677 328 251 2,026 2Q 2026 EBITDA excl. special items Change in working capital Other changes in cash flow from operating activities 67 Capex 137 Dividends from OSS Sublease income, lease payment and other 49 FX movements 3,717 2,052 3Q 2026 4,331 5,769 Third-Quarter Presentation 13
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Outlook & Summary Paal Eikeseth, President and CEO
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3Q 2026 | Reshaping Aker Solutions • Safeguarding delivery of the project portfolio • Reducing cost base to match lower activity levels • Aligning capacity with future workload • Reshaping the business to enhance competitiveness • Building a more competitive and scalable business • Targeting profitable growth across selected markets • Scaling new offerings and commercial models through standardization, automation and AI Short-Term Disciplined capital allocation supporting shareholder value Medium-/Long-Term Third-Quarter Presentation 15
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Summary ▪ Continued solid financial performance following peak activity levels in 2025 ▪ Several milestones met on the project portfolio, including the sail-away of Aker BP’s Valhall PWP and Hugin B topsides ▪ Legacy lump sum projects commercially and operationally challenging, commercial discussions ongoing ▪ Sizeable backlog of NOK 69.3 billion with continued focus on safe and predictable project delivery ▪ Robust financial position with NOK 5.8 billion in net cash including investments in liquid funds ▪ SLB OneSubsea on track to deliver on order intake targets, positioning the company for growth from 2027 onwards ▪ Revenue1 in 2026 expected to be between NOK 53 and 55 billion ▪ 2026 EBITDA margin1 is expected to be between 7.5 and 8.0 percent excluding net profit from SLB OneSubsea ▪ At this early stage, 2027 revenue1 is expected to be between NOK 35 and 40 billion with an EBITDA margin1 of between 7.0 and 8.0 percent excluding net profit from SLB OneSubsea ▪ 2026 CAPEX is expected to be around 0.5 percent of revenue. ▪ Working Capital is expected to normalize over time to a level of negative NOK 4 to negative 6 billion ▪ SLB OneSubsea dividends for 2026 are expected to be broadly in line with 2025 distributions Forward-looking information and statements are subject to significant risks, uncertainties and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Outlook Third-Quarter Presentation 16 1 Figures excluding special items
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Q&A
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Additional Information
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3Q 2026| Order Intake and Backlog Quarterly Order Intake NOK BILLION Order Backlog by Type % Quarterly Order Backlog NOK BILLION (Book-to-bill is based on revenue from customer contracts, see APM for details) Order Backlog by Execution Year NOK BILLION 0 5 10 15 20 25 30 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 6.0 11.6 25.6 10.9 10.3 19.6 28.8 9.9 5.4 0 10 20 30 40 50 60 70 80 90 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 64.7 60.9 72.1 68.0 61.7 64.8 80.2 77.2 69.3 8.4 12.9 5.8 3.4 10.2 26.4 0 5 10 15 20 25 30 35 4Q 26 2027 2028 -> 12.0 24.0 33.3 Renewables and Field Development Life Cycle Other Alliance Reimbursable Lump Sum Renewables and Transitional Other 1 Alliance model: Contracts under the Aker BP alliance model with balanced risk and upside potential through incentives 2 Reimbursable: Contracts with less than 40% lump sum exposure as share of contract value 3 Lump sum: Contracts with more than 40% lump sum exposure as share of contract value – mainly related to legacy renewables projects 4 See slide on Renewables and Transitional Energy Solutions in Appendix for definition 1 2 3 4 0.5x 0.7x 1.8x 0.7x 0.6x 1.2x 2.2x 0.8x 0.4x Third-Quarter Presentation 19
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Timing of Selected Large Projects in the Portfolio, by Segment Renewables and Field Development Life Cycle (FA = frame agreement excluding options) (Disclaimer: the tables show the estimated timing of a selection of large projects in Aker Solutions’ backlog at the end of the quarter. This information is unaudited and subject to change) Project Customer Award year Delivery year/ completion (est.) Hugin A (incl. offshore scope) Aker BP 2022 2027 Hugin B (incl. offshore scope) Aker BP 2022 2027 Valhall PWP (incl. offshore scope) Aker BP 2022 2027 Fenris UI (incl. offshore scope) Aker BP 2022 2027 Jackdaw WHP Shell 2022 2026 Sunrise Wind HVDC Ørsted /Eversource 2021 2027 East Anglia 3 HVDC ScottishPower 2022 2026 Northern Lights Phase 2, Carbon Storage Equinor 2025 2028 Celsio Carbon Capture & Storage Hafslund Celsio 2025 2029 Norfolk Vanguard West HVDC RWE 2025 2027 Norfolk Vanguard East HVDC RWE 2025 2028 BalWin 1 HVDC Substructure Dragados 2025 2028 BalWin 2 HVDC Substructure Dragados 2025 2029 Ostwind 4 HVDC Substructure Drydocks World 2026 2030 Project Customer Award year Delivery year/ completion (est.) Aker BP EMM/ Modification Alliance (FA) Aker BP 2026 2031 Equinor H (FA) Equinor 2026 2031 Vår Energi M&M (FA) Vår Energi 2024 2029 BSP Brunei (FA) Brunei Shell Petroleum 2020 2027 ConocoPhillips M&M (FA) ConocoPhillips 2025 2032 Shell Modification Contract (FA) Shell 2017 2028 Cenovus Energy (FA) Cenovus Energy 2026 2031 Hebron Brownfield EPCM (FA) ExxonMobil 2025 2030 Angola EPC Services (FA) Azule Energy 2024 2027 Draugen Electrification OKEA 2023 2028 Troll West, electrification Equinor 2021 2027 Mongstad Waste-Water Upgrade Equinor 2024 2027 Bestla tie-back to Brage OKEA 2024 2027 Fram Sør tie-back to Troll C Equinor 2025 2030 Third-Quarter Presentation 20
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Renewables and Transitional Energy Solutions Definition Revenue, order intake and order backlog from work related to renewables and transitional energy solutions. This mainly includes projects with solutions and technologies for offshore wind, hydropower, aquaculture, carbon capture and storage (CCS), hydrogen, electrification of offshore and onshore facilities, and decommissioning & recycling. These figures are compiled from a bottom-up approach of projects and work in Aker Solutions for the relevant periods. The figures are unaudited and subject to change. NOK million Revenue 3Q 2024 4Q 2024 FY 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 FY 2025 1Q 2026 2Q 2026 3Q 2026 Total revenue (ex. special items) 13,181 15,708 53,193 14,393 15,157 16,983 16,674 63,207 13,425 13,074 13,464 Renewables and Transitional Energy Solutions 2,737 3,155 9,820 2,710 3,297 3,190 3,737 12,934 3,040 3,629 2,404 Renewables and Transitional Energy Solutions (%) 21% 20% 18% 19% 22% 19% 22% 20% 23% 28% 18% Order intake 3Q 2024 4Q 2024 FY 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 FY 2025 1Q 2026 2Q 2026 3Q 2026 Total order intake 6,014 11,559 40,085 25,590 10,929 10,324 19,592 66,435 28,806 9,924 5,398 Renewables and Transitional Energy Solutions 1,099 1,279 6,468 21,313 2,982 1,587 1,823 27,706 1,144 4,945 238 Renewables and Transitional Energy Solutions (%) 18% 11% 16% 83% 27% 15% 9% 42% 4% 50% 4% Order backlog 3Q 2024 4Q 2024 FY 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 FY 2025 1Q 2026 2Q 2026 3Q 2026 Total order backlog 64,661 60,885 60,885 72,063 67,954 61,743 64,815 64,815 80,189 77,173 69,346 Renewables and Transitional Energy Solutions 12,243 10,367 10,367 28,970 28,655 27,052 25,138 25,138 23,242 24,558 22,392 Renewables and Transitional Energy Solutions (%) 19% 17% 17% 40% 42% 44% 39% 39% 29% 32% 32% 21 Third-Quarter Presentation
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Alternative Performance Measures Basis for Preparation This presentation provides financial highlights for the quarter for Aker Solutions, a Norwegian limited company listed on the Oslo Stock Exchange. The same measurement principles as presented in the Annual Report 2025 have been used when preparing this presentation. The presentation does not meet all disclosure requirements in IAS 34 (Interim Financial Reporting) and the figures are not audited. Alternative Performance Measures Aker Solutions discloses alternative performance measures in addition to those normally required by IFRS as such performance measures are frequently used by securities analysts, investors and other interested parties. Alternative performance measures are meant to provide an enhanced insight into the operations, financing and future prospects of the company. Third-Quarter Presentation 22
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Alternative Performance Measures Profit Measures EBITDA and EBIT terms are presented as they are used by financial analysts and investors. Special items are excluded from EBITDA and EBIT as alternative measures to provide enhanced insight into the financial development of the business operations and to improve comparability between different periods. EBITDA is short for earnings before interest, taxes, depreciation and amortization. EBITDA corresponds to the “operating income before depreciation, amortization and impairment” in the consolidated income statement in the annual report. EBIT is short for earnings before interest and taxes. EBIT corresponds to “operating income” in the consolidated income statement in the annual report. Margins such as EBITDA margin and EBIT margin are used to compare relative profit between periods. EBITDA margin and EBIT margin are calculated as EBITDA and EBIT divided by revenue. Special items may not be indicative of the company’s ongoing operating results or cash flows. Profit measures excluding special items are presented as alternative measures to improve comparability of the underlying business performance between the periods. 1 Financial items include shares in SLB and related currency derivatives 2 Earnings per share is calculated using Net profit, adjusted for non-controlling interests, divided by average number of shares 3 Earnings per share ex. special items is calculated using Net profit from total operations ex. special items, adjusted for non-controlling interests, divided by average number of shares Third-Quarter Presentation 23 NOK million 3Q 2026 3Q 2025 3Q 2026 3Q 2025 3Q 2026 3Q 2025 3Q 2026 3Q 2025 Revenue and other income 9,191 12,517 3,614 3,796 658 670 13,464 16,983 Non-qualifying hedges - - - - - -1 - -1 Revenue ex. special items 9,191 12,517 3,614 3,796 658 669 13,464 16,983 Net profit from SLB OneSubsea - - - - 281 295 281 295 Revenue ex. special items and Net profit from SLB OneSubsea 9,191 12,517 3,614 3,796 377 375 13,183 16,688 EBITDA 767 996 267 273 249 203 1,283 1,472 Restructuring cost 7 11 7 2 -1 0 13 14 Non-qualifying hedges - - - - -5 3 -5 3 Other special items - - - - 2 1 2 1 Sum of special items excluded from EBITDA 7 11 7 2 -4 4 10 18 EBITDA ex. special items 775 1,008 274 275 245 207 1,294 1,490 Net profit from SLB OneSubsea - - - - 281 295 281 295 EBITDA ex. special items and Net profit from SLB OneSubsea 775 1,008 274 275 -36 -87 1,013 1,195 EBITDA margin 8.3% 8.0% 7.4% 7.2% 9.5% 8.7% EBITDA margin ex. special items 8.4% 8.0% 7.6% 7.2% 9.6% 8.8% EBITDA margin ex. special items and Net profit from SLB OneSubsea 7.7% 7.2% EBIT 447 729 233 237 200 154 880 1,120 Sum of special items excluded from EBITDA 7 11 7 2 -4 4 10 18 Impairments - - - - 0 -11 0 -11 Sum of special items excluded from EBIT 7 11 7 2 -4 -7 11 7 EBIT ex. special items 454 741 240 239 197 147 891 1,127 Net profit from SLB OneSubsea - - - - 281 295 281 295 EBIT ex. special items and Net profit from SLB OneSubsea 454 741 240 239 -84 -147 610 832 EBIT margin 4.9% 5.8% 6.4% 6.2% 6.5% 6.6% EBIT margin ex. special items 4.9% 5.9% 6.6% 6.3% 6.6% 6.6% EBIT margin ex. special items and Net profit from SLB OneSubsea 4.6% 5.0% Net profit 697 871 Sum of special items excluded from EBIT 11 7 Financial items1 - -17 Non-qualifying hedges -1 -0 Tax effects on special items -3 2 Net profit ex. special items 704 863 Net profit to non-controlling interests -0 1 Net profit ex. special items and non-controlling interests 704 864 Average number of shares (in '000) 485,586 481,823 Earnings per share2 1.44 1.81 Earnings per share ex. special items3 1.45 1.79 Renewables and Field Development Life Cycle Other/ Eliminations Aker Solutions
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Alternative Performance Measures Financing Measures Alternative financing measures are presented as they are indicators of the company’s ability to obtain financing and service its debts. Liquidity buffer (available liquidity) is a measure of available cash and is calculated by adding together the cash and cash equivalents and the unused credit facility. Net Current Operating Assets (NCOA) or Working Capital is a measure of the current capital necessary to maintain operations. Working capital includes trade receivables, trade payables, accruals, provisions and current tax assets and liabilities. Net cash is a measure that shows the overall cash situation. Net cash is calculated by netting the value of a company’s cash and cash equivalents with its liabilities and debts. NOK million 3Q 2026 3Q 2025 Cash and cash equivalents 3,717 2,496 Credit facility (unused) 5,000 3,000 Liquidity buffer 8,717 5,496 NOK million 3Q 2026 3Q 2025 Current tax assets 76 60 Inventory 51 48 Customer contract assets and other receivables 2,613 5,320 Trade receivables 7,110 7,748 Prepayments 2,313 1,418 Current tax liabilities -128 -125 Provisions -3,015 -2,984 Trade payables -4,591 -4,828 Other payables -6,083 -7,229 Customer contract liabilities -6,124 -5,939 Net current operating assets (NCOA) -7,778 -6,509 NOK million 3Q 2026 3Q 2025 Non-current borrowings -0 -0 Current borrowings -0 -0 Cash and cash equivalents 3,717 2,496 Net cash 3,717 2,496 Liquid funds 2,052 - Net cash and liquid funds 5,769 2,496 Third-Quarter Presentation 24
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Alternative Performance Measures Order Intake Measures Order intake, order backlog and book-to-bill ratios are presented as alternative performance measures, as they are indicators of the company’s revenues and operations in the future. Order intake includes new agreed customer contracts in the period in addition to expansion of existing contracts. For construction contracts, the order intake includes the value of agreed contracts and options, and value of agreed change orders and options. It does not include potential options and change orders. For service contracts, the order intake is based on estimated customer revenue in periods that are firm in the contracts. Order backlog represents the estimated value of remaining work on agreed customer contracts. The order backlog does not include parts of the services contracts, which is short-cycled or book-and-turn in nature. The order backlog also excludes potential growth and the value of options in existing contracts. Book-to-bill ratio is calculated as order intake divided by revenue in the period. A book-to-bill ratio higher than 1 means that the company has secured more contracts in the period than what has been executed in the same period. NOK million, x times Order intake Revenue from customer contracts Book-to-bill Order intake Revenue from customer contracts Book-to-bill Renewables and Field Development 3,688 9,191 0.4x 7,096 12,517 0.6x Life Cycle 1,225 3,614 0.3x 2,588 3,796 0.7x Other/eliminations 486 349 641 245 Total 5,398 13,155 0.4x 10,324 16,558 0.6x 3Q 2026 3Q 2025 Third-Quarter Presentation 25
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Special Items 1Financial items include shares in SLB and related currency derivatives NOK million Special items 3Q 2024 4Q 2024 FY 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 FY 2025 1Q 2026 2Q 2026 3Q 2026 Restructuring 1 5 9 1 2 14 194 211 31 7 13 Non-qualifying hedges -3 1 -3 5 2 3 -1 9 5 - -5 Other special items 6 24 58 4 -3 1 35 37 3 2 2 Special items EBITDA 4 30 63 10 2 18 227 257 39 9 10 Impairments 1 8 22 1 -0 -11 20 10 - - 0 Special items EBIT 4 39 85 11 2 7 248 267 39 9 11 Financial items1 312 169 601 -22 501 -17 -218 245 -544 4 - Non-qualifying hedges 3 -3 0 -7 -3 -0 0 -10 10 2 -1 Tax effects on special items -69 -46 -150 4 -110 2 -5 -109 114 -2 -3 Special items net profit 250 160 536 -14 390 -8 25 393 -381 13 7 Third-Quarter Presentation 26
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Income Statement NOK million Income statement consolidated 3Q 2024 4Q 2024 FY 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 FY 2025 1Q 2026 2Q 2026 3Q 2026 Revenue 12,940 15,543 52,411 14,199 14,969 16,689 16,595 62,452 13,281 12,900 13,183 Net profit from SLB OneSubsea 244 166 789 190 185 295 80 749 143 174 281 Revenue and other income 13,184 15,710 53,201 14,389 15,155 16,983 16,674 63,202 13,425 13,074 13,464 Operating expenses -11,980 -14,519 -48,632 -13,186 -13,898 -15,512 -15,579 -58,175 -12,312 -11,884 -12,181 EBITDA 1,204 1,191 4,568 1,203 1,257 1,472 1,095 5,027 1,112 1,190 1,283 Of which related to hedging 3 -1 3 -5 -2 -3 1 -9 -5 - 5 Depreciation and amortization -304 -333 -1,158 -348 -358 -363 -382 -1,452 -371 -380 -403 Impairment -1 -8 -22 -1 0 11 -20 -10 - - -0 EBIT 900 849 3,388 853 899 1,120 693 3,565 741 810 880 Net interest 22 -9 145 -8 -30 -33 -13 -85 22 4 -12 Net other financial items -210 6 -184 -5 -490 -7 223 -279 521 4 30 Net financial items -188 -3 -39 -14 -520 -40 210 -363 543 8 17 Net profit before tax 712 846 3,349 840 380 1,080 902 3,202 1,284 818 897 Income tax -150 -169 -684 -186 -77 -209 -199 -670 -270 -172 -200 Net profit 562 677 2,665 654 303 871 703 2,531 1,015 646 697 Equity holders of the parent company 570 661 2,656 664 311 872 699 2,547 1,016 651 697 Non-controlling interests -8 16 9 -10 -8 -1 4 -15 -1 -4 0 EBITDA margin 9.1% 7.6% 8.6% 8.4% 8.3% 8.7% 6.6% 8.0% 8.3% 9.1% 9.5% Basic earnings per share (NOK) 1.18 1.37 5.51 1.38 0.65 1.81 1.45 5.28 2.09 1.34 1.44 Ordinary dividend per share (NOK) - 3.30 3.30 - - - 3.60 3.60 - - - Extraordinary dividend per share (NOK) 21.00 - 21.00 - - - - - 5.00 - - Third-Quarter Presentation 27
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Cash Flow NOK million Cash flow 3Q 2024 4Q 2024 FY 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 FY 2025 1Q 2026 2Q 2026 3Q 2026 EBITDA 1,204 1,191 4,568 1,203 1,257 1,472 1,095 5,027 1,112 1,190 1,283 Change in cash flow from operating activities -1,723 -7 -1,461 -364 -856 -1,045 -148 -2,413 1,574 -1,401 359 Net cash flow from operating activities -519 1,184 3,107 839 401 427 947 2,614 2,686 -211 1,643 Acquisition of property, plant and equipment -242 -187 -1,396 -85 -128 -84 -136 -433 -32 -48 -40 Payments for capitalized development -12 -9 -51 -10 -7 -9 -39 -65 -25 -25 -27 Acquisition of subsidiaries, net of cash acquired -29 7 -66 - -1 -26 -0 -27 - - - Disposal of subsidiaries 1,344 5 3,292 - - -0 - -0 -11 0 -113 Change in current interest-bearing receivables 0 -0 58 - - - - - - - - Change in current investments -1,000 7,326 3,326 - -0 0 - - 457 -0 - Sub-lease income received 27 35 122 23 38 32 34 127 17 17 16 Interest received 133 68 408 42 26 27 44 139 74 51 35 Interest received on sub-leases -2 14 27 5 5 2 3 15 3 2 3 Dividends received from SLB OneSubsea - 77 77 152 145 142 402 841 137 138 137 Cash flow from other investing activities 32 78 80 23 61 156 68 308 50 45 8 Net cash flow from investing activities 252 7,412 5,876 150 140 239 377 905 669 180 19 Lease installments paid -164 -174 -671 -186 -186 -183 -172 -728 -166 -165 -163 Paid dividends - -10,048 -11,018 -0 -1,591 0 0 -1,591 -0 -4,177 0 Acquisition/sale of treasury shares -46 0 -501 0 -0 0 74 74 18 17 17 Interest paid -9 -8 -33 -11 -14 -14 -19 -58 -7 -9 -8 Interest paid on leases -39 -38 -156 -37 -40 -40 -40 -157 -39 -37 -35 Other financing activities -0 -8 -8 0 -0 0 -0 -0 -8 0 -11 Net cash flow from financing activities -258 -10,275 -12,387 -235 -1,831 -237 -158 -2,460 -202 -4,370 -201 Net increase (decrease) in cash and cash equivalents -524 -1,680 -3,404 754 -1,291 429 1,167 1,059 3,154 -4,401 1,461 Cash and cash equivalents at the beginning of the period 4,857 4,472 6,003 2,860 3,434 2,097 2,496 2,860 3,715 6,723 2,305 Effect of exchange rate changes on cash and cash equivalents 139 67 261 -180 -46 -30 52 -204 -145 -17 -49 Cash and cash equivalents at the end of the period 4,472 2,860 2,860 3,434 2,097 2,496 3,715 3,715 6,723 2,305 3,717 Cash flow figures for 2Q 2026 have been restated to correct a NOK 16 million classification error between “Change in cash flow from operating activities” and “Interest paid,” with no impact on total cash flow Third-Quarter Presentation 28
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Balance Sheet – Assets NOK million Assets 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Property, plant and equipment 4,043 4,053 3,925 3,842 3,720 3,626 3,431 3,261 3,044 Intangible assets including Goodwill 3,514 3,487 3,459 3,430 3,428 3,438 3,425 3,414 3,415 Right-of-use assets and investment property 1,809 1,807 1,725 1,946 1,958 2,041 1,905 1,841 1,710 Deferred tax assets 323 225 238 165 150 174 188 205 92 Non-current lease receivables 448 445 404 382 238 206 179 160 190 Equity accounted investees 7,354 7,870 7,342 7,064 7,251 7,007 6,835 6,911 6,886 Investments in other companies 17 16 15 2 2 12 11 11 14 Interest-bearing receivables 207 193 196 200 203 200 203 206 209 Other non-current assets 263 187 181 144 142 122 140 90 205 Total non-current assets 17,977 18,281 17,486 17,175 17,092 16,824 16,317 16,101 15,766 Current tax assets 76 106 83 75 60 76 82 87 76 Inventories 44 46 44 45 48 41 48 50 51 Trade receivables 7,460 6,208 6,885 6,886 7,748 7,719 6,465 6,263 7,110 Customer contract assets and other receivables 3,960 4,925 4,997 5,539 5,320 5,292 4,275 3,689 2,613 Prepayments 1,192 1,288 1,305 1,431 1,418 2,626 2,433 2,699 2,313 Derivative financial instruments 379 105 214 266 144 33 191 212 190 Interest-bearing receivables 214 142 137 119 81 73 70 70 72 Financial investments 9,516 2,197 2,219 1,718 1,735 1,953 2,002 2,026 2,052 Cash and cash equivalents 4,472 2,860 3,434 2,097 2,496 3,715 6,723 2,305 3,717 Total current assets 27,313 17,876 19,316 18,175 19,050 21,527 22,290 17,400 18,194 Total assets 45,290 36,157 36,802 35,351 36,143 38,351 38,607 33,501 33,959 Third-Quarter Presentation 29
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Balance Sheet – Liabilities and Equity NOK million Liabilities and equity 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Total equity attributable to the parent 20,070 11,270 11,286 9,678 10,540 11,388 12,232 8,769 9,272 Non-controlling interests -141 -144 -143 -144 -147 -142 -146 -150 -159 Total equity 19,928 11,126 11,143 9,534 10,393 11,246 12,086 8,619 9,113 Non-current lease liabilities 2,653 2,637 2,512 2,669 2,499 2,520 2,338 2,261 2,171 Pension obligations 845 945 932 911 894 842 834 826 817 Deferred tax liabilities 394 304 525 505 634 815 1,127 1,308 1,361 Other non-current liabilities 83 -0 0 0 -0 -0 -0 0 -0 Total non-current liabilities 3,975 3,886 3,969 4,085 4,027 4,177 4,299 4,395 4,349 Current tax liabilities 44 122 118 114 125 112 107 105 128 Current lease liabilities 709 708 632 626 571 615 580 550 512 Provisions 3,361 3,690 3,400 3,082 2,984 3,050 3,154 2,995 3,015 Trade payables 3,665 2,769 3,687 4,478 4,828 5,317 3,972 3,591 4,591 Other payables 7,899 9,411 7,337 7,355 7,229 7,834 7,504 6,343 6,083 Customer contract liabilities 5,419 4,428 6,346 6,003 5,939 5,943 6,865 6,855 6,124 Derivative financial instruments 290 17 169 74 47 56 41 49 45 Total current liabilities 21,387 21,146 21,690 21,731 21,722 22,928 22,222 20,487 20,498 Total liabilities and equity 45,290 36,157 36,802 35,351 36,143 38,351 38,607 33,501 33,959 Third-Quarter Presentation 30
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Split per Segment NOK million Revenue and other income 3Q 2024 4Q 2024 FY 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 FY 2025 1Q 2026 2Q 2026 3Q 2026 Renewables and Field Development 9,217 11,469 38,090 10,401 10,757 12,517 12,429 46,105 9,601 8,991 9,191 Life Cycle 3,453 3,776 13,249 3,518 3,898 3,796 3,795 15,007 3,319 3,603 3,614 Net profit from SLB OneSubsea 244 166 789 190 185 295 80 749 143 174 281 Other 300 332 1,185 299 335 400 399 1,433 390 334 411 Eliminations -30 -34 -113 -18 -21 -24 -29 -92 -29 -28 -34 Revenue and other income 13,184 15,710 53,201 14,389 15,155 16,983 16,674 63,202 13,425 13,074 13,464 EBITDA 3Q 2024 4Q 2024 FY 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 FY 2025 1Q 2026 2Q 2026 3Q 2026 Renewables and Field Development 774 819 3,096 870 829 996 819 3,514 691 847 767 Life Cycle 244 277 920 234 275 273 289 1,071 238 266 267 Net profit from SLB OneSubsea 244 166 789 190 185 295 80 749 143 174 281 Other -57 -70 -237 -91 -32 -92 -93 -307 40 -97 -32 EBITDA 1,204 1,191 4,568 1,203 1,257 1,472 1,095 5,027 1,112 1,190 1,283 EBITDA margin 3Q 2024 4Q 2024 FY 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 FY 2025 1Q 2026 2Q 2026 3Q 2026 Renewables and Field Development 8.4% 7.1% 8.1% 8.4% 7.7% 8.0% 6.6% 7.6% 7.2% 9.4% 8.3% Life Cycle 7.1% 7.3% 6.9% 6.7% 7.0% 7.2% 7.6% 7.1% 7.2% 7.4% 7.4% EBITDA margin 9.1% 7.6% 8.6% 8.4% 8.3% 8.7% 6.6% 8.0% 8.3% 9.1% 9.5% EBIT 3Q 2024 4Q 2024 FY 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 FY 2025 1Q 2026 2Q 2026 3Q 2026 Renewables and Field Development 556 583 2,312 615 570 729 533 2,447 412 569 447 Life Cycle 209 240 782 199 240 237 255 931 210 233 233 Net profit from SLB OneSubsea 244 166 789 190 185 295 80 749 143 174 281 Other -110 -140 -496 -151 -97 -140 -175 -563 -23 -166 -81 EBIT 900 849 3,388 853 899 1,120 693 3,565 741 810 880 EBIT margin 3Q 2024 4Q 2024 FY 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 FY 2025 1Q 2026 2Q 2026 3Q 2026 Renewables and Field Development 6.0% 5.1% 6.1% 5.9% 5.3% 5.8% 4.3% 5.3% 4.3% 6.3% 4.9% Life Cycle 6.0% 6.4% 5.9% 5.7% 6.2% 6.2% 6.7% 6.2% 6.3% 6.5% 6.4% EBIT margin 6.8% 5.4% 6.4% 5.9% 5.9% 6.6% 4.2% 5.6% 5.5% 6.2% 6.5% Third-Quarter Presentation 31
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Split per Segment NOK million NCOA 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 NCOA -7,655 -7,848 -7,576 -7,057 -6,509 -6,503 -8,299 -7,101 -7,778 Order intake 3Q 2024 4Q 2024 FY 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 FY 2025 1Q 2026 2Q 2026 3Q 2026 Renewables and Field Development 3,001 8,265 24,011 22,390 7,911 7,096 11,570 48,966 5,498 5,545 3,688 Life Cycle 2,717 2,996 14,951 2,635 2,855 2,588 7,678 15,756 22,967 3,566 1,225 Other and eliminations 296 298 1,123 565 163 641 343 1,713 341 813 486 Order intake 6,014 11,559 40,085 25,590 10,929 10,324 19,592 66,435 28,806 9,924 5,398 Order backlog 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Renewables and Field Development 40,599 37,508 49,290 46,418 40,998 40,146 36,067 32,614 27,099 Life Cycle 23,177 22,454 21,421 20,300 19,103 23,009 42,514 42,418 39,978 Other and eliminations 885 924 1,352 1,236 1,643 1,660 1,609 2,141 2,269 Order backlog 64,661 60,885 72,063 67,954 61,743 64,815 80,189 77,173 69,346 Own employees 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Renewables and Field Development 6,396 6,449 6,488 6,570 6,567 6,472 6,396 6,395 6,235 Life Cycle 4,163 4,134 4,123 4,189 4,155 4,111 4,117 4,103 4,121 Other 1,166 1,194 1,214 1,241 1,246 1,235 1,231 1,233 1,229 Own employees 11,725 11,777 11,825 12,000 11,968 11,818 11,744 11,731 11,585 Third-Quarter Presentation 32
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Split per Segment – Excluding Special Items NOK million EBITDA (ex. special items) 3Q 2024 4Q 2024 FY 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 FY 2025 1Q 2026 2Q 2026 3Q 2026 Renewables and Field Development 774 820 3,097 870 829 1,008 1,005 3,712 721 846 775 Life Cycle 244 277 920 234 275 275 293 1,076 238 267 274 Net profit from SLB OneSubsea 244 166 789 190 185 295 80 749 143 174 281 Other -53 -41 -174 -82 -30 -87 -56 -254 48 -88 -36 EBITDA (ex. special items) 1,208 1,221 4,632 1,213 1,259 1,490 1,322 5,284 1,151 1,199 1,294 EBITDA margin (ex. special items) 3Q 2024 4Q 2024 FY 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 FY 2025 1Q 2026 2Q 2026 3Q 2026 Renewables and Field Development 8.4% 7.1% 8.1% 8.4% 7.7% 8.0% 8.1% 8.1% 7.5% 9.4% 8.4% Life Cycle 7.1% 7.3% 6.9% 6.7% 7.0% 7.2% 7.7% 7.2% 7.2% 7.4% 7.6% EBITDA margin (ex. special items) 9.2% 7.8% 8.7% 8.4% 8.3% 8.8% 7.9% 8.4% 8.6% 9.2% 9.6% EBIT (ex. special items) 3Q 2024 4Q 2024 FY 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 FY 2025 1Q 2026 2Q 2026 3Q 2026 Renewables and Field Development 557 585 2,315 615 570 741 721 2,647 442 568 454 Life Cycle 209 240 783 199 240 239 258 937 210 234 240 Net profit from SLB OneSubsea 244 166 789 190 185 295 80 749 143 174 281 Other -106 -103 -413 -140 -95 -147 -119 -501 -15 -156 -84 EBIT (ex. special items) 904 888 3,474 864 901 1,127 940 3,832 780 819 891 EBIT margin (ex. special items) 3Q 2024 4Q 2024 FY 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 FY 2025 1Q 2026 2Q 2026 3Q 2026 Renewables and Field Development 6.0% 5.1% 6.1% 5.9% 5.3% 5.9% 5.8% 5.7% 4.6% 6.3% 4.9% Life Cycle 6.0% 6.4% 5.9% 5.7% 6.2% 6.3% 6.8% 6.2% 6.3% 6.5% 6.6% EBIT margin (ex. special items) 6.9% 5.7% 6.5% 6.0% 5.9% 6.6% 5.6% 6.1% 5.8% 6.3% 6.6% Third-Quarter Presentation 33
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Order Backlog by Market NOK billion, % Order backlog by Market 3Q 2026 3Q 2025 Norway 76% 69% Europe 19% 26% Americas 4% 1% Asia Pacific 1% 3% Africa 1% 1% Total 100% 100% Total backlog (NOK billion) 69.3 61.7 Third-Quarter Presentation 34
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35 SLB OneSubsea (US GAAP) 1 Excluding integration cost and restructuring 2 Excluding PPA related depreciation and integration cost 3 Excluding PPA related to depreciation and taxes 4 Net assets excluding PPA adjustment for Aker Solutions USD million Income statement 3Q 2024 4Q 2024 FY 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 FY 2025 1Q 2026 2Q 2026 3Q 2026 Revenue 1,002 947 3,897 934 939 946 1,007 3,825 857 990 1,063 EBITDA ex. special items 1 184 164 710 191 195 174 180 740 144 170 197 EBITDA ex. special items margin 18.4% 17.4% 18.2% 20.4% 20.8% 18.4% 17.9% 19.4% 16.8% 17.2% 18.5% EBIT ex. special items 2 158 142 626 170 174 152 160 656 123 151 176 EBIT ex. special items margin 15.8% 14.9% 16.1% 18.2% 18.5% 16.1% 15.9% 17.1% 14.4% 15.3% 16.5% Net profit before PPA3 103 84 396 102 136 108 51 397 82 105 152 Total net profit attributable to Aker Solutions 94 75 367 93 127 99 41 360 73 96 143 Order intake 1,103 1,182 3,721 743 923 1,100 1,187 3,953 939 1,077 1,232 Order backlog 4,383 4,516 4,516 4,504 4,629 4,720 4,700 4,700 4,793 5,167 5,279 USD million Cash flow 3Q 2024 4Q 2024 FY 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 FY 2025 1Q 2026 2Q 2026 3Q 2026 Cash flow from operations 185 185 600 6 56 101 366 529 121 7 164 Cash and cash equivalents at the end of the period 487 599 599 527 474 484 612 612 649 473 525 USD million Balance sheet 3Q 2024 4Q 2024 FY 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 FY 2025 1Q 2026 2Q 2026 3Q 2026 Net assets 4 3,071 3,071 3,071 3,082 3,147 3,166 3,016 3,016 3,035 3,055 3,112 Working capital 34 -51 -51 55 156 189 -66 -66 -72 68 99 Net cash (debt) 421 535 535 464 426 439 567 567 604 428 482 Third-Quarter Presentation
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Copyright Copyright of all published material including photographs, drawings and images in this document remains vested in Aker Solutions and third party contributors as appropriate. Accordingly, neither the whole nor any part of this document shall be reproduced in any form nor used in any manner without express prior permission and applicable acknowledgements. No trademark, copyright or other notice shall be altered or removed from any reproduction. Disclaimer This Presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. These statements and this Presentation are based on current expectations, estimates and projections about global economic conditions, the economic conditions of the regions and industries that are major markets for Aker Solutions ASA and Aker Solutions ASA’s (including subsidiaries and affiliates) lines of business. These expectations, estimates and projections are generally identifiable by statements containing words such as “expects”, “believes”, “estimates” or similar expressions. Important factors that could cause actual results to differ materially from those expectations include, among others, economic and market conditions in the geographic areas and industries that are or will be major markets for Aker Solutions’ businesses, oil prices, market acceptance of new products and services, changes in governmental regulations, interest rates, fluctuations in currency exchange rates and such other factors as may be discussed from time to time in the Presentation. Although Aker Solutions ASA believes that its expectations and the Presentation are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved or that the actual results will be as set out in the Presentation. Aker Solutions ASA is making no representation or warranty, expressed or implied, as to the accuracy, reliability or completeness of the Presentation, and neither Aker Solutions ASA nor any of its directors, officers or employees will have any liability to you or any other persons resulting from your use. Aker Solutions consists of many legally independent entities, constituting their own separate identities. Aker Solutions is used as the common brand or trade mark for most of these entities. In this presentation we may sometimes use “Aker Solutions”, “we” or “us” when we refer to Aker Solutions companies in general or where no useful purpose is served by identifying any particular Aker Solutions company. Copyright and Disclaimer Third-Quarter Presentation 37