PoLight revenue growth first half-year and significant commercial milestone reached

poLight ASA

KEY EVENTS in the second quarter:

* Follow-on purchase order for TLens®, with a total value of approximately NOK
2.4 million, received from a consumer OEM for augmented/mixed reality
(AR|MR) use. (7 April 2026)
* The same customer placed an additional purchase order worth approximately
NOK 0.8 million. (20 May 2026)
* A follow-on purchase order worth NOK 0.7 million was received in connection
with an ongoing qualification programme for a potential consumer product.
See also related announcements dated 11 February 2026 and 6 August 2025. (18
June 2026)
* Towards the end of the quarter, the first camera modules related to the
project announced on 13 October 2025 were tested and shipped to the customer
for validation.
* Tunable optics products for industrial, machine vision and robotics
applications were highlighted at Automate 2026. (June 2026)

Post Q2:

* A third follow-on TLens® purchase order, with a total value of approximately
NOK 0.8 million, was received in connection with the same customer case as
announced on 7 April and 20 May 2026. (10 July 2026). poLight now regards
this case as a design-in.

Tønsberg, 6 August 2026 - poLight ASA (OSE: PLT) today announced its results
for Q2 2026.

| "Revenue was somewhat lower than in the previous quarter, but significantly
| higher than in the same period last year. More importantly, market activity
| remains high, driven by maturing consumer-related projects with a strong
| focus on AR|MR applications. As previously noted, several consumer AR|MR
| cases are maturing, with one case now also regarded as a design-in. This
| brings hope that 2026 may become the year in which poLight technology starts
| shipping in a consumer AR|MR product. Such a move would represent a major
| milestone for the company and provide a strong foundation for future growth.
|
| To fully capture the opportunities in poLight's expanding landscape, it will
| be essential to continue investing in customer engagement and support,
| innovation, strategic partnerships and organisational development. These
| efforts will increase operational costs, but are necessary to build
| long-term shareholder value by strengthening poLight's position as a leader
| in next-generation optical solutions across multiple market segments, with
| particular emphasis on AR|MR," explains Dr Øyvind Isaksen, CEO of poLight.

EBITDA totalled NOK -33.1 million in Q2 2026, compared with NOK -29.5 million
in Q2 2025.

As at 30 June 2026, poLight had cash and cash equivalents totalling NOK 243.7
million, compared with NOK 284.0 million as at 31 December 2025.

Q2 report and presentation
Please find the report and presentation for Q2 2026 enclosed. They are also
available for download on www.polight.com
(https://www.polight.com/investors/reports-presentations/).

Presentation and webcast
CEO Dr Øyvind Isaksen and CFO Joakim Hines Bredahl will present the company's
results today at 09:00 CET at Hotel Continental, Stortingsgaten 24/26, in
Oslo, Norway. You can also watch the Q2 2026 results presentation through a
live webcast by clicking here:
poLight Webcast Q2 2026 (https://qcnl.tv/p/w4wi8zei-Jms2gM8_U8V4w)

The presentation and supporting material will be given in English.

A recorded version of the webcast will be made available on www.polight.com
(http://www.polight.com/) shortly after the broadcast has been concluded.

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR. The information was submitted for publication, through the
agency of the contact persons set out above, at 2026-08-06 07:00 CEST.

For further information, please contact:
Dr Øyvind Isaksen, CEO, poLight ASA: +47 90 87 63 98
Joakim Hines Bredahl, CFO, poLight ASA: +47 97 52 17 31

About poLight ASA
poLight ASA (listed on the Oslo Stock Exchange: PLT) offers a patented,
proprietary tunable optics technology, starting with its first product, TLens®
which replicates "the human eye" experience in autofocus cameras used in
devices such as AR/MR glasses, smartphones, barcode scanners, machine vision
systems and various medical equipment. poLight's TLens® enables better system
performance and new user experiences due to benefits such as extremely fast
focus, small footprint, no magnetic interference, low power consumption and
constant field of view. poLight is based in Tønsberg, Norway, with employees
in Finland, France, UK, US, China, Taiwan, Japan and the Philippines. For more
information, please visit https://www.polight.com (https://www.polight.com/)

More information:
Access the news on Oslo Bors NewsWeb site

679114_poLight Q2 2026 Report.pdf
679114_poLight Q2 2026 Presentation.pdf