Slide 1: 1st quarter 2026
@ KONGSBERG _ dstquarter / 2026
Slide 2: Explanation of the Report
Explanation of the Report At the extraordinary general meeting of Kongsberg Gruppen ASA held on 22 January 2026, the demerger of Kongsberg Maritime was formally approved. Kongsberg Maritime ASA was listed as an independent company on the Oslo Stock Exchange on 23 April 2026. In accordance with appli
Slide 3: KONGSBERG CEO comments
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG The first quarter of 2026 marks our first reporting period as the new technology‑ and defence‑focused KONGSBERG, and I am pleased to present a strong start to the year. During the quarter, we de
Slide 4: Highlights and key figures: first quarter
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes Revenues EBIT EBIT EBIT % 16.6% 13.5% 9,234 12.0% 7,315 6,482 1,537 989 776 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2024 2025 2026 2024 2025 2026 Highlights and key figures / First quarter K
Slide 5: Revenues and order intake, market, cash flow
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes Revenues and order intake Market Spectrum Air Defence. KONGSBERG strives to maintain a good balance between capturing short‑term opportunities and building long‑term, strategic positions. Revenues in 1st
Slide 6: Other business / other matters, divested operations
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes The rating was most recently updated on 8 April 2026 and is available at www.nordiccreditrating.com. Other business / other matters In December 2025, KONGSBERG announced its intention to acquire the Calif
Slide 7: Defence Systems
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes Revenues EBIT EBIT EBIT % 4,138 19.2% 17.2% 2,851 796 490 Q4 Q1 2025 Q2 Q3 Q4 Q1 2026 Q1 2025 Q2 Q3 Q4 Q1 2026 Highlights and key figures / First quarter Defence Systems1) Orders Order backlog Breakdown b
Slide 8: Missiles & Aerostructures
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes Revenues EBIT EBIT EBIT % 2,759 480 2,258 429 19.0% 17.4% Q4 Q1 2025 Q2 Q3 Q4 Q1 2026 Q4 Q1 2025 Q2 Q3 Q4 Q1 2026 Highlights and key figures / First quarter Missiles & Aerostructures1) Orders Order backlo
Slide 9: Discovery
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes Revenues EBIT EBIT EBIT % 2,125 1,966 17.0% 15.0% 295 362 Q4 Q1 2025 Q2 Q3 Q4 Q1 2026 Q4 Q1 2025 Q2 Q3 Q4 Q1 2026 Highlights and key figures / First quarter Discovery1) Orders Order backlog Financial key
Slide 10: Outlook
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes Outlook Over the past few years, KONGSBERG has developed very positively, demonstrated strong adaptability, delivered significant growth, and achieved strong results. At the end of the first quarter of 20
Slide 11: Key figures per quarter
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes Key figures per quarter KONGSBERG 2026 2025 DISCOVERY 2026 2025 MNOK 2026 Q1 2025 Q4 Q3 Q2 Q1 MNOK 2026 Q1 2025 Q4 Q3 Q2 Q1 Revenues 9,234 9,234 32,752 9,954 7,568 7,915 7,315 Revenues 2,125 2,125 7,908 2
Slide 12: Numbers & notes
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes Numbers & notes1) 1 The figures presented on the following pages are according to IFRS and do not include 50/50 JV’s KONGSBERG • 1st quarter 2026 12
Slide 13: Condensed income statement
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes Condensed income statement Condensed statement of comprehensive income 1.1. - 31.3 1.1. - 31.12 1.1 - 31.3 1.1 - 31.12 MNOK Note 2026 2025 2025 MNOK Note 2026 2025 2025 Operating revenues 8,940 7,032 31,5
Slide 14: Condensed statement of financial position
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes Condensed statement of financial position 31.3 31.12 31.3 31.12 MNOK Note 2026 2025 MNOK Note 2026 2025 Equity, liabilities and provisions Assets Issued capital 5,928 5,928 Property, plant and equipment 7
Slide 15: Condensed statement of changes in equity
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes Condensed statement of changes in equity 31.3 31.12 MNOK Note 2026 2025 Equity opening balance 23,212 19,269 Total comprehensive income 1,283 7,847 Dividends — (3,870) Transactions with treasury shares re
Slide 16: Condensed cash flow statement
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes Condensed cash flow statement 1.1 - 31.3 1.1 - 31.12 1.1 - 31.3 1.1 - 31.12 MNOK Note 2026 2025 2025 MNOK Note 2026 2025 2025 Earnings after tax 1,679 2,275 7,922 Net change interest-bearing loans (500) —
Slide 17: General information and principles
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes 1 General information and principles 3 Estimates General information Preparing the interim financial statement involves assessments, estimates and The consolidated financial statement for 1st quarter (int
Slide 18: Operations held for distribution
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes 4 Operations held for distribution On 30 October 2025, the Board of Directors of Kongsberg Gruppen ASA decided to propose to spin off and list Kongsberg Maritime on the Euronext Oslo Stock Exchange. The d
Slide 19: Specification of assets and liabilities held for distribution
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes Specification of assets and liabilities held for distribution to the owners MNOK 31.03.26 31.12.25 MNOK 31.03.26 31.12.25 Long-term interest-bearing loans — — Property, plant and equipment 1,647 1,720 Lon
Slide 20: Segment information
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes 5 Segment information 2,026 2,025 1.1 - 31.3 1.1. - 31.3 Missiles & Defence Aerostructures Discovery inkl MNOK Systems inkl JV inkl JV JV Joint Ventures Other1) Eliminations KONGSBERG DDS inkl JV DMA inkl
Slide 21: Shares in joint ventures and associated companies
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes 6 Shares in joint ventures and associated companies Specification of movement in the balance sheet line Shares in joint ventures and associated companies 1. January - 31. March 2026 Other items and Share
Slide 22: Financial instruments
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes 7 Financial instruments Loans and credit facilities Interest-bearing loans: The group has two bond loans amounting to a total of MNOK 2,000 , of which MNOK 1,000 is due within one year. Kongsberg Aviaton
Slide 23: Forward exchange contracts
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes Forward exchange contracts Fair value of balances classified as cash flow hedges, as shown in the condensed statement of comprehensive income, increased by MNOK 116 before tax during the period 1. January
Slide 24: Specification of derivatives
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes Specification of derivatives: 31.3 31.12 MNOK 2026 2025 Forward exchange contracts, cash flow hedges (a) 239 26 Forward exchange contracts, fair value hedges (b) 3,987 1,859 Cross-currency swaps 29 3 Curr
Slide 25: Related parties, subsequent events, risk factors
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes 8 Related parties 14 Hendelser etter balansedagen According to the shareholder agreement regarding financing of investments in On 17 December 2025, the Board of Directors of Kongsberg Gruppen ASA approved
Slide 26: Alternative performance measures and definitions
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes Alternative performance measures and definitions 31.3.26 Ordrereserve incl Joint Ventures Joint Ventures Elimination KONGSBERG KONGSBERG 151,975 (10,818) 6,094 147,257 Defence Systems 80,030 (7,857) 6,094
Slide 27: Restructuring costs and book/bill definitions
KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes Restructuring costs consist of salaries and social security tax upon termination of employment (such as severance and gratuity) in connection with workforce reductions. In addition to this are rent and ot
Slide 28: Quarterly report 1st quarter 2026
Quarterly report 1st quarter /preliminay annual accounts 2026 kongsberg.com Disclaimer: In the event of any discrepancy between the Norwegian and the English version of KONGSBERG’s quarterly report, the Norwegian version is the authoritative one.