30 October 2025 - KONGSBERG (OSE: KOG) delivers a 12 percent revenue growth in
the third quarter compared to the same quarter last year. The growth was driven
by a 38 per cent increase in operating revenues in Kongsberg Defence &
Aerospace, where there was a good increase in deliveries related to both
missiles and air defence. All business areas delivered solid order intake, with
a book/bill above 1 in the quarter. Contracts related to the weapon stations,
integrated vessel deliveries to the newbuild market, and underwater contracts
were key drivers for order intake in the quarter.

"We see strong demand for our products, resulting in increased operating
revenues and solid profitability in the third quarter. Order intake remains
robust from both defence and civilian customers, demonstrates that our solutions
are highly relevant," says Geir Håøy, President and CEO of KONGSBERG.

Key Figures and highlights

o	MNOK 13,302 in revenues, 12 per cent growth from Q3 2024
o	MNOK 2,022 EBIT in the quarter, up from NOK 1,868 million in Q3 2024 
o	Strong order intake and book/bill above 1 in all business areas
o	Order backlog continues to grow and is now MNOK 142,251
o	All business areas increased their order backlog during the quarter

Order intake in Q3 was MNOK 16,889, compared to MNOK 12,951 in the same quarter
last year. This resulted in a book/bill for the quarter of 1.27. EBIT in Q3 was
MNOK 2,022, corresponding to an EBIT margin of 15.2 per cent compared to MNOK
1,868 (15.7 per cent) in the same quarter last year.

Accumulated operating revenues as of Q3 2025 were MNOK 41,823, up 20 per cent
from MNOK 34,963 in the same period last year. The order backlog at the end of
Q3 2025 was MNOK 142,251, an increase of MNOK 45,386 since Q3 2024.

Strong growth in order intake from the newbuild market

Kongsberg Maritime delivers MNOK 6,392 in revenues in Q3, a decrease of 1 per
cent compared to the same quarter last year. Adjusting for one-offs in Q3 2024
and portfolio adjustments, Kongsberg Maritime has an underlying growth of 2 per
cent. Accumulated as of Q3 2025, operating revenues were MNOK 19,521,
corresponding to a growth of 9 per cent compared to the same period in 2024.

Order intake in the quarter was MNOK 7,918, corresponding to a book/bill of
1.24, up from MNOK 6,953 in Q3 2024. Accumulated order intake in Q3 2025 was
MNOK 24,224, corresponding to a book/bill of 1.24. Order intake was strong in
the quarter, driven by orders from the newbuilding market, that was up 51
percent compared to Q3 2024. Offshore vessels were the largest contributor to
the order intake. Among the highlights of the quarterly, the order intake in the
quarter included delivery, design, and integrated solutions to the two new
remote and autonomous Reach Subsea vessels. 

"The maritime industry is at the beginning of a comprehensive transition to more
energy-efficient solutions and renewable energy sources, and Kongsberg Maritime
will be a leading player in this transition," says Håøy.


High demand for defence products

Kongsberg Defence & Aerospace delivers MNOK 5,885 in revenues in Q3, up 38 per
cent from the same quarter last year. A large part of the growth in the quarter
was driven by increased activity in missile- and air defence deliveries.
Accumulated operating revenues so far in 2025 was MNOK 17,383, up 28 per cent
compared to 2024.

In August, Kongsberg Defence & Aerospace signed a contract with the United
States Marine Corps for production of unmanned 30 mm turrets for the Amphibious
Combat Vehicle program. There was also a good order intake related to air
defence and anti-drone capabilities in the quarter. The order intake has come in
the form of several individual contracts with relatively short delivery times.

At the end of the quarter, the business area had a record-high order backlog of
MNOK 110,708, an increase of MNOK 1 466 during the quarter and an increase of
MNOK 38,745 from Q3 2024.  

Heightened attention to surveillance of critical infrastructure 

Kongsberg Discovery delivers MNOK 1,105 in revenues in Q3, a reduction of 2 per
cent compared to the same quarter last year. Accumulated operating revenues as
of Q3 was MNOK 3,687, an increase of 16 per cent from the same period in 2024.

There is considerable international attention related to the need to protect and
monitor critical infrastructure, both above and below sea level. Order intake in
3rd quarter was MNOK 1,682, corresponding to a book-to-bill of 1.52, compared to
MNOK 1,229 in Q3 2024.

"With a global presence, close collaboration with governments, customers and
suppliers, and an organization driven by high competence and innovation, we
continue to create value by delivering solutions that make a difference for our
customers and partners," says Håøy.

KONGSBERG proposes to demerge the maritime business

In recent years, increasing geopolitical tensions and trade conflicts have
shaped the global landscape. These developments affect our business areas
differently and highlight the importance of enabling each area to position
itself as effectively as possible.

Kongsberg Maritime holds a leading technology position and delivers products and
integrated solutions across a broad range of segments-from offshore vessels to
the merchant fleet and naval applications.

Kongsberg Defence & Aerospace and Kongsberg Discovery address critical needs
within defence, security, and surveillance, with deliveries serving both
civilian and military applications.

The Board is of the opinion that focused and streamlined businesses are best
positioned to seize future opportunities.

As a result, the Board of KONGSBERG (Kongsberg Gruppen ASA) will propose to
demerge Kongsberg Maritime and list it as a separate maritime technology company
on the Oslo Stock Exchange.

Kongsberg Defence & Aerospace and Kongsberg Discovery will continue as a
unified, technology- and defence-company KONGSBERG.