Q1 2025 Aker Horizons ASA Earnings Call Transcript

May 8, 2025 / 06:30 AM GMT

Release Date Price: $0.06658

Transcript

Key Points

Positve

Aker Horizons ASA (FRA:7QF) received a significant cash dividend from ACC, totaling EUR 1.5 billion, enhancing liquidity.
Mainstream is advancing its renewable energy projects, with 350 megawatts of solar and wind projects expected to reach financial close in South Africa within 18 months.
The company is exploring a promising data center business opportunity in northern Norway, leveraging stable renewable energy resources.
Supernode successfully completed initial testing of its superconducting technology, marking progress in electricity transmission innovation.
Mainstream's strategic focus on core markets like South Africa, Australia, and the Philippines is expected to drive value creation and growth.

Negative

Aker Horizons ASA (FRA:7QF) reported a consolidated net loss of EUR 656 million for the first quarter, an increase from the previous quarter.
The construction of the Currie wind farm in Chile is experiencing delays, impacting project timelines.
The Nordic green ammonia project is facing delays due to prolonged feedback on grid capacity applications, leading to reduced project activity.
Mainstream's commercial margin in Chile was negatively affected by a nationwide electricity blackout and reduced transmission line capacity.
The offshore wind segment is facing challenges related to supply chain issues, regulatory environment, and political uncertainty, affecting project viability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AKH.OL - Aker Horizons ASA
Q1 2025 Aker Horizons ASA Earnings Call
May 08, 2025 / 06:30AM GMT

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Presentation
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Unidentified_1 [1]
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Hello everyone, my name is Loser. Welcome to today's presentation of the 1st quarter results for AE Horizons.

I will first comment upon some key developments since the end, and then we will take you through the status of the investment portfolio and the Cuban financials.

The CFO of Mainstream Geberg will cover the update on mainstream and CFO of Verizon of will, as usual cover some of the update on the arson site.

I will start with the common capture. In February, ACC announced a cash dividend of KCUR 3.5 billion, equal to knock 1.5 billion liquidity inflow to our horizons.

The first payment of KOC 1.3 billion was received in March and the remaining NOC 256 million was received yesterday, certainly well

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