Kongsberg Gruppen Asa · OSL:KOG
Kongsberg Gruppen Asa — Q4 2025 Earnings Presentation
15 slides from Kongsberg Gruppen Asa's earnings presentation, 2026
Slide 1: Investor presentation Q4 2025
Investor presentation Q4 2025 Geir Håøy, President & CEO Mette Toft Bjørgen, EVP & Group CFO KONGSBERG PROPRIETARY: This document contains KONGSBERG information which is proprietary and confidential. Any disclosure, copying, distribution or use is prohibited if not otherwise explicitly agreed with K
Slide 2: Performance, transformation and strategic changes
Performance, transformation and strategic changes
Slide 3: 2025 order intake, revenues and EBIT
2025 Order intake* Revenues* EBIT* NOK NOK NOK 87.6bn 58.6bn 9.3bn *See slide 6 for explanation
Slide 4: Highlights Q4
Backlog distribution by time of delivery: Kongsberg +22% Maritime 27.9 22.8 2026 60% Highlights Q4 2027 2028 + futher 25% 16% Q4 25 15% 60% 26% Q4 24 • Solid order intake and book/bill above 1 in all business areas • The order backlog continues to grow and is now NOK 157.4bn Kongsberg +25% Defence &
Slide 5: Financial status
Financial status Mette Toft Bjørgen, EVP & Group CFO KONGSBERG PROPRIETARY: This document contains KONGSBERG information which is proprietary and confidential. Any disclosure, copying, distribution or use is prohibited if not otherwise explicitly agreed with KONGSBERG in writing. Any authorised repr
Slide 6: Extraordinary GM approved KONGSBERG demerger plan
DEMERGER Extraordinary GM approved KONGSBERG demerger plan KONGSBERG Discontinued Legacy company Today’s presentation Defence & Aerospace Discovery Maritime KONGSBERG Operations held for distribution KONGSBERG* *For today’s presentation we focus on the legacy company – meaning KONGSBERG including Ko
Slide 7: Strong financial results in 2025
2025 AT A GLANCE Strong financial results in 2025 Amounts in NOK bn Revenues* EBIT* Order intake* Order backlog* Gain from sale Adjusted EBIT-margin Book/bill Gain from sale +23% Excl. gain from sale +17% 1.80 157.4 1.61 1.53 58.6 127.9 48.9 13.3% 14.1% 87.8 87.6 40.6 11.3% 88.5 9.3 65.4 57.4 6.5 1.
Slide 8: Double-digit growth within all business areas
Discontinued REVENUES Kongsberg +10% Maritime Double-digit growth within all 6.90 7.60 business areas Amounts in NOK bn Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Kongsberg KONGSBERG* Defence & +44% Aerospace 7.94 +21% 5.53 16.78 13.91 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Kongsberg +16% Discovery 1.44 Q4 24 Q1 25 Q2 25
Slide 9: Margin driven by high volumes
Discontinued EBIT and EBIT margin Kongsberg 11.0% 11.0% Maritime Margin driven by high volumes 0.76 0.84 Amounts in NOK bn Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 18.7% Kongsberg 14.7% KONGSBERG* Defence & 1.48 Aerospace 14.7% 0.81 12.4% 2.46 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 1.73 Kongsberg 18.4% 17.5% Discovery
Slide 10: Increased contribution from both KSAT and Patria
ASSOCIATED COMPANIES Increased contribution from both KSAT and Patria Kongsberg Satellite Services Patria Revenue (NOKm) EBIT (NOKm) KOG’s share of net profit (NOKm) Revenue (EURm) EBIT (EURm) KOG’s share of net profit (NOKm)* +6% +32% 2 237 2 360 1,087 1 900 826 +49% 734 +16% 518 577 667 348 416 38
Slide 11: EBITDA and working capital drives cashflow development
Net working capital per Business Area Discontinued CASH FLOW DEVELOPMENT Kongsberg Maritime 9.2% EBITDA and working capital 4.8% 2.28 drives cashflow development 1.29 Amounts in NOK bn Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 KONGSBERG* Kongsberg (2.96) Defence & 4.75 1.36 Aerospace (3.87) (1.44) 21.05 (0.91)
Slide 12: Key to operate responsibly and secure continuous profitable growth
CAPITAL ALLOCATION in KONGSBERG Key to operate responsibly and secure continuous profitable growth 1. Solid Balance sheet 2. Invest for organic growth 3. Shareholder Remuneration 4. Portfolio Management Our operation requires good → R&D funded by → Stable or growing ordinary Active portfolio managem
Slide 13: Proposed dividend of NOK 5.70/share
DIVIDEND Proposed dividend of NOK 5.70/share • One tranche - NOK 5.70 Proposed dividend FY 2025 ⁻ Last day including 13 April 2026, ex. dividend date 14 April 2026 ⁻ Record date 15 April 2026, payment date 22 April 2026 NOK per share Total NOKm 5.70 Annual Additional 3.50 5.7 4.4 2.20 3.5 3.1 2.8 2.
Slide 14: Continue to see overall strong demand
OUTLOOK Continue to see overall strong demand Kongsberg Kongsberg Kongsberg Defence & Aerospace Discovery Maritime • Continued strong demand for our product • Significant demand from areas such as • Unique product portfolio and domain portfolio fishery, marine research operations, energy, knowledge
Slide 15: Protecting people and planet
Protechting people and planet