6 May 2026 - KONGSBERG's revenues increased by 26 per cent to NOK 9.2 billion in
the first quarter of 2026, compared with the same quarter last year. The quarter
was characterised by high activity levels and strong demand*.
 
"I am proud to present strong results for the first quarter, with high revenue
growth and solid margins. Order intake ended at NOK 27 billion, and the order
backlog now stands at NOK 152 billion. In a global environment characterised by
conflict and rising geopolitical tensions, KONGSBERG's role as a critical
supplier to the security of allied nations has never been more important," said
Eirik Lie, President and CEO of KONGSBERG.
 
Highlights and key figures, first quarter 2026:

o	Revenues of NOK 9,234 million, an increase of 26 per cent compared to the
first quarter 2025
o	EBIT of NOK 1,537 million in the quarter, up 55 per cent from NOK 989 million
in first quarter 2025 
o	EBIT margin of 16.6 per cent in the quarter
o	Order backlog increased by NOK 17,060 million, bringing the order backlog to
NOK 151,975 million

For 2026, KONGSBERG expects revenue growth above the 2025 level. 

"KONGSBERG is well positioned for further growth, and we are experiencing
record-high demand for our solutions. We have a strong product portfolio that
addresses our customers' needs across domains, from deep sea to space," said
Lie.

KONGSBERG develops and delivers equipment and technology to the Norwegian Armed
Forces and Norway's allies. In line with increased defence investments and
strengthened preparedness across NATO countries, the company is experiencing
strong demand across its product portfolio. KONGSBERG holds strong market
positions within missiles, air defence, weapon stations and counter-drone
systems, and its solutions are well positioned for several ongoing and future
procurement programmes.

Order intake in first quarter was NOK 27 billion, compared with NOK 13 billion
in the same quarter last year. Growth during the quarter was primarily driven by
orders for weapon stations and counter-drone systems, although activity was high
across all divisions. The largest contract awarded during the quarter was for
the delivery of the counter-unmanned aerial systems (C-UAS) to Poland, valued at
NOK 16 billion. We are seeing increased interest in counter-drone solutions as a
result of ongoing conflicts, such as in Ukraine and the Middle East.

In the first quarter, KONGSBERG and Salt Ship Design were selected to design the
standardized vessels for the Royal Norwegian Navy. This marks an important
milestone for both KONGSBERG and the Norwegian maritime and defence industry.
KONGSBERG and Salt Ship Design were also awarded a contract to design new
standardized vessels for the Canadian Coast Guard, underpinning the export
potential.

*All figures are presented on an alternative performance measures (APMs) basis.
This means that they include the proportional share of 50:50 joint ventures.
Patria, with a 49.9% ownership interest, is not included in the APMs. Please
refer to the quarterly report for the full definition and description of the use
of APMs.

KONGSBERG (OSE ticker: KOG) is an international technology and defence company
that delivers critical products and solutions in defence, security and
surveillance on land, underwater and in space. KONGSBERG has approximately 7 800
employees in 20 countries and had a total revenue of NOK 32.8 billion in 2025.