Kongsberg Gruppen Asa · OSL:KOG
Kongsberg Gruppen Asa — Q4 2025 Earnings Presentation
27 slides from Kongsberg Gruppen Asa's earnings presentation, Feb 6, 2026
Slide 1: Premier supplier of defence and critical infrastructure security
Premier supplier of defence and critical infrastructure security KONGSBERG company presentation 6 February 2026 KONGSBERG PROPRIETARY: This document contains KONGSBERG information which is proprietary and confidential. Any disclosure, copying, distribution or use is prohibited if not otherwise expli
Slide 2: Disclaimer
Disclaimer This presentation contains certain “forward-looking information and statements” within the meaning of applicable laws and regulations. These statements include, but are not limited to, statements regarding the Company’s expectations, plans, strategies, business outlook, market opportuniti
Slide 3: Acronyms
KD pics: https://keszja.collections.cmp.optimizely.com/api/library-collection/a7111fccd4c611f0b290ee95f3fd0371 KDA pics: https://keszja.collections.cmp.optimizely.com/api/library-collection/3702582c8c6011efa06dc254b77ba63b NR: Kongsberg, as a technology and defence company, needs to be presented mor
Slide 4: Protecting people and planet by innovating technology
Protechting people and planet by innovating technology today, for a better tomorrow 4
Slide 5: KONGSBERG today
KONGSBERG today Technology powerhouse A frontrunner in development of advanced technologies for defence, research, and commercial applications World-leading products Premier supplier of advanced defence and commercial products and solutions supporting mission critical operations and surveillance Fro
Slide 6: 200+ years of innovation
200+ years of innovation Own operations + 50/50 JVs* ~7,500 employees NOK 32bn Defence Systems Missiles & Discovery Joint Ventures NOK 33bn 2025 revenue, with ~80% of sales Aerostructures 2025 revenue outside Norway NOK 4.7bn NOK 4.9bn 2025 EBIT 2025 EBIT NOK 130bn NOK 138bn 2025 order backlog 2025
Slide 7: Experienced management and strong organisation
Experienced management and strong organisation Rapidly growing organisation 100 00 16 3,000 SW 900 0 Countries developers 800 0 Eirik Lie Martin Wien Fjell 700 0 CEO CFO 35 years at KONGSBERG 13 years at KONGSBERG 600 0 ~7,500 Number of employees 500 0 400 0 300 0 ~2 400 200 0 100 0 Kjetil Reiten My
Slide 8: Strong foundation for continued profitable growth
Strong foundation for continued profitable growth Revenue and EBIT margin Order backlog and intake growth above market NOK billion, EBIT % 50.0 60% NOK billion 160 14% 29% 350 00 CAGR CAGR 45.0 140 138 50% 40.0 300 00 120 35.0 40% 33 250 00 100 30.0 200 00 25.0 30% 80 20.0 61 150 00 60 8.0x 20% 15.0
Slide 9: Global manufacturing and local presence
Global manufacturing and local presence Production hubs Expanding Kongsberg production capacity • Multiple expansions • 2024 Nexus missile factory for long-term • 2022 NASAMS, RWS • 2008 F-35 aerostructures demand 2025 Vancouver 2026 Horten 2025 Seattle • Acoustics, AUV 2025 Pennsylvania 2025 Lithua
Slide 10: A market driven by geopolitical, regional, and technology megatrends
A market driven by geopolitical, regional, and technology megatrends 10
Slide 11: Changed security landscape drives sustained defence investment
Changed security landscape drives sustained defence investment Security, sovereignty Nations are and resilience top rebuilding defence priorities capabilities Accelerated Alliance-wide decision-making interoperability and standardisation
Slide 12: Europe leads increase in defence spending
Europe leads increase in defence spending Geographic trends NATO members to boost defence spending and procurement Defence procurement, USD billion (%-share of total) US remains the largest 500 000 NATO 2035 target single defence market 3.5% + 1.5% 400 000 222 Europe growing rapidly (44%) to meet NA
Slide 13: Dual-use and civilian technology
Dual-use and civilian technology 13
Slide 14: Capturing long-term value opportunities
See Statement of Proprietary information Capturing long-term value opportunities 14
Slide 15: Uniquely positioned with offerings from the deep sea to space
Space World-leading provider of ground station Uniquely positioned services and Europe’s largest low-Earth-orbit satellite manufacturer with offerings from Strike missiles the deep sea Premier supplier, selected by 15 nations to space Air defence Most sold air defence system in the world, selected b
Slide 16: High demand for innovative and modern technology
High demand for innovative and modern technology Rapid High volumes Dual-use technologies innovation and cost efficiency 16
Slide 17: Building next-generation products and systems
Building next-generation products and systems -positioned to continue outperforming the market Product development strategy to position KONGSBERG for the future Full spectrum Strike missile Underwater Space for defence air defence portfolio capabilities • Growing demand for full- • Expansion to high
Slide 18: Three strong divisions
Three strong divisions Defence Systems Missiles & Aerostructures Discovery 45% 30% 25% • Ground-based air defense solutions • Strike missiles for surface and land • Underwater operations, driven by • Remote Weapon Systems targets sensing, autonomy and data fusion • Advanced solutions for uncrewed •
Slide 19: Defence Systems
Key financials Defence Systems 2,000 Employees 16 Revenue 14.3 World-class defence systems Key figures 11.0 14 12 9.4 10 • Combat proven, world-leading ground-based air defence systems including NASAMS and Main initiatives NOMADS 8 6 • Expand air defense portfolio towards Full Spectrum • Combat prov
Slide 20: Missiles & Aerostructures
Key financials Missiles & Aerostructures 2,400 Employees Revenue State-of-the-art missile and aerostructures systems Key figures 9.8 12 10 7.4 6.0 • NSM – Naval Strike Missile, the most modern anti-ship missile in NATO, selected by 14 nations Main initiatives 8 6 4 • JSM – Joint Strike Missile, the
Slide 21: Discovery
Key financials Discovery 2,000 Employees 9 Revenue 7.9 Discovering and serving ocean and space Key figures 8 6.8 7 5.9 6 5 • HUGIN, the world-leading deep water Autonomous Underwater Vehicle (AUV) Main initiatives • Leading satellite technology, connecting space and Earth while enabling advanced sur
Slide 22: JVs and partners critical for innovation, capacity and growth
JVs and partners critical for innovation, capacity and growth Joint ventures: Partners: Proven strategy for private and public collaboration through shared companies Essential to business Reporting: Reporting segment: Reporting segment: Reporting segment: Share of net income from joint arrangements
Slide 23: Unique basis for continued profitable growth
Unique basis for continued profitable growth Financials and outlook 23
Slide 24: Strong financial development
Strong financial development Operating revenues EBIT and EBIT-margin NOK billion NOK billion, % of sales 40.0 6.0 25% 35.0 33.0 4.9 5.0 20% 30.0 4.0 15% 25.0 15% 20.0 3.0 8% 10.5 10% 15.0 2.0 10.0 1.0 0.8 5% 5.0 - - 0% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2016 2017 2018 2019 2020 2021 2
Slide 25: Strong growth and resilient margins across all divisions
Strong growth and resilient margins Key KPIs across all divisions Defence Systems Missiles & Aerostructures Discovery Group Revenue (NOK billion) & EBIT (%) 16 25% 12 16.6 % 9 17.0 % 35 15.0 % 21.2 % 17% 17% 13.9 % 20.3 % 13.3 % 15.0 % 23% 8 14 30 10 14.3 21% 7 7.9 13.1 % 15% 15% 12 19% 13.0 % 9.8 2
Slide 26: APM: Proportionate figures according to ownership
APM: Proportionate figures according to ownership Defence Systems Missiles & Aerostructures Discovery KONGSBERG BNOK - 2025 IFRS Adj.1 APM IFRS Adj. APM IFRS Adj.2 APM IFRS Adj.1,2 APM Revenue 14.0 0.3 14.3 9.8 - 9.8 6.8 1.1 7.9 31.6 1.4 32.9 EBIT 2.7 - 2.7 1.6 - 1.6 1.1 0.2 1.3 4.7 0.2 4.9 Order In
Slide 27: See Statement of Proprietary information
See Statement of Proprietary information 27