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Text KONGSBERG company presentation Premier supplier of defence and critical infrastructure security 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 reproduction in whole or in part, must include this leg end . © 2026 KONGSBERG – All rights reserved . 6 February 2026
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Text (#0A1820) #003876 #24B2CE #A4B4BD #E1E1D7 #F2F2EE#EE3A43 #FED51E #6DBFB7 2 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 opportunities, financial projections, and assumptions underlying any of the foregoing. Such forward-looking information and statements are based on the current, estimates and projections of the Company or assumptions based on information currently available to the Company. Such forward-looking information and statements reflect current views with respect to future events and are subject to risks, uncertainties and assumptions. The Company cannot give assurance to the correctness of such information and statements. These forward-looking information and statements can generally be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use terminology such as "targets", "believes", "expects", "aims", "assumes", "intends", "plans", "seeks", "will", "may", "anticipates", "would", "could", "continues", "estimate", "milestone" or other words of similar meaning and similar expressions or the negatives thereof. By their nature, forward-looking information and statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements that may be expressed or implied by the forward-looking information and statements in this presentation. Should one or more of these risks or uncertainties materialize, or should any underlying assumptions prove to be incorrect, the Company's actual financial condition or results of operations could differ materially from that or those described herein as anticipated, believed, estimated or expected. Any forward-looking information or statements in this presentation speak only as at the date of this presentation. Except as required by applicable laws and regulations, the Company does not intend, and expressly disclaims any obligation or undertaking, to publicly update, correct or revise any of the information included in this presentation, including forward-looking information and statements, whether to reflect changes in the Company's expectations with regard thereto or as a result of new information, future events, changes in conditions or circumstances or otherwise on which any statement in this presentation is based. Given the aforementioned uncertainties, prospective investors are cautioned not to place undue reliance on any of these forward-looking statements. Historical figures may be subject to inaccuracies due to changes in business structure and internal transactions.
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Text 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 more effectively! (defense technology company that specializes in advanced autonomous systems.) NR: Acronyms 3
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Text Protechting people and planet by innovating technology today, for a better tomorrow 4444
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Text (#0A1820) #003876 #24B2CE #A4B4BD #E1E1D7 #F2F2EE#EE3A43 #FED51E #6DBFB7 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 Global presence Local presence in 16 countries, serving customers and collaborating with partners across 30 countries From deep sea to space Integrated, mission-critical capabilities spanning subsea, surface, air and space domains KONGSBERG today 55555
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Text (#0A1820) #003876 #24B2CE #A4B4BD #E1E1D7 #F2F2EE#EE3A43 #FED51E #6DBFB7 * Includes proportionate figures from 50/50 joint ventures (i.e. not including 49.9% owned Patria) 6 Missiles & AerostructuresDefence Systems Discovery 200+ years of innovation Joint Ventures NOK 33bn 2025 revenue NOK 4.9bn 2025 EBIT NOK 138bn 2025 order backlog + 50/50 JVs*Own operations NOK 32bn 2025 revenue, with ~80% of sales outside Norway NOK 4.7bn 2025 EBIT ~7,500 employees NOK 130bn 2025 order backlog
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Text (#0A1820) #003876 #24B2CE #A4B4BD #E1E1D7 #F2F2EE#EE3A43 #FED51E #6DBFB7 ~2 400 0 100 0 200 0 300 0 400 0 500 0 600 0 700 0 800 0 900 0 100 00 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 7 Experienced management and strong organisation CEO 35 years at KONGSBERG CFO 13 years at KONGSBERG Eirik Lie Martin Wien Fjell Kjetil Reiten Myhra Øyvind Kolset Camilla Kiss Defence Systems Missile & Aerostructures Discovery ~7,500 Number of employees 16 Countries Rapidly growing organisation 3,000 SW developers
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Text (#0A1820) #003876 #24B2CE #A4B4BD #E1E1D7 #F2F2EE#EE3A43 #FED51E #6DBFB7 10 33 8% 15% 0% 10% 20% 30% 40% 50% 60% - 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 45.0 50.0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 KOG EBIT % Revenue and EBIT margin Order backlog and intake growth above market 8 Strong foundation for continued profitable growth All charts includes proportionate figures from consolidated JVs (i.e. not including 49.9% owned Patria) 14% CAGR NOK billion, EBIT % NOK billion Source: Janes Information Services (2025) for Global Defence Procurement, converted to NOK and indexed to KONGSBERG order intake 14 138 8 61 0 500 0 100 00 150 00 200 00 250 00 300 00 350 00 0 20 40 60 80 100 120 140 160 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Backlog Order Intake Global defence procurement (indexed) 29% CAGR 8.0x 2.7x 3X
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Text (#0A1820) #003876 #24B2CE #A4B4BD #E1E1D7 #F2F2EE#EE3A43 #FED51E #6DBFB7 See Statement of Proprietary information Production hubs 2025 Seattle • Acoustics, AUV 2026 California • Zone 5 production 2025 Pennsylvania • RWS production 2028 Virginia • Missile production 2026 Spain 2026 Horten Kongsberg • Multiple expansions • 2024 Nexus missile factory • 2022 NASAMS, RWS • 2008 F-35 aerostructures 2024 Adelaide Expanding production capacity for long-term demand Enabling low-cost mass production Building resilient supply chains 2028 Newcastle • Missile production Global manufacturing and local presence 9 2025 Lithuania • Satellite production 2027 Poland • USV and CUAS production Year denotes time of completion or latest expansion 2025 Vancouver AUV = autonomous underwater vehicle, USV = uncrewed surface vessel, CUAS = counter-unmanned aerial systems (drones), RWS = remote weapons systems
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Text A market driven by geopolitical, regional, and technology megatrends 101010
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Text (#0A1820) #003876 #24B2CE #A4B4BD #E1E1D7 #F2F2EE#EE3A43 #FED51E #6DBFB7 Changed security landscape drives sustained defence investment Security, sovereignty and resilience top priorities Nations are rebuilding defence capabilities Accelerated decision-making Alliance-wide interoperability and standardisation
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Text (#0A1820) #003876 #24B2CE #A4B4BD #E1E1D7 #F2F2EE#EE3A43 #FED51E #6DBFB7 0 100 000 200 000 300 000 400 000 500 000 2022 2023 2024 2025 2026 2027 2028 2029 2030 42 (8%) 222 (44%) 14 (3%) 230 (45%) Europe growing rapidly to meet NATO spending targets Asia Pacific also increases spending due to tensions in the South China Sea Source: Janes Information Services (2025) Geographic trends 3.5% + 1.5% NATO countries aim to spend 3.5% of GDP on military capability and another 1.5% on wider security and resilience, reaching 5% by 2035. NATO 2035 target Defence procurement, USD billion (% -share of total) NATO members to boost defence spending and procurement US remains the largest single defence market Ukraine has grown rapidly, bolstered by allied investments Europe leads increase in defence spending 12 United States CAGR: 1% 24-30 Europe and Canada CAGR: 10 % 24-30 Asia Pacific CAGR: 7 % 24-30 Ukraine CAGR: 17% 24-306 (2%) 82 (31%) 22 (8%) 156 (59%)
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Text (#0A1820) #003876 #24B2CE #A4B4BD #E1E1D7 #F2F2EE#EE3A43 #FED51E #6DBFB7 Dual-use and civilian technology 13
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Text (#0A1820) #003876 #24B2CE #A4B4BD #E1E1D7 #F2F2EE#EE3A43 #FED51E #6DBFB7 See Statement of Proprietary information Capturing long-term value opportunities 14
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Text (#0A1820) #003876 #24B2CE #A4B4BD #E1E1D7 #F2F2EE#EE3A43 #FED51E #6DBFB7 15 Air defence Most sold air defence system in the world, selected by 17 nations Strike missiles Premier supplier, selected by 15 nations Remote weapon systems ~80% global market share Space World-leading provider of ground station services and Europe’s largest low-Earth-orbit satellite manufacturer Uniquely positioned with offerings from the deep sea to space Sensors and sonars Global supplier to civilian and military customers, including most research vessels Autonomous underwater vehicles Number one supplier of deep water AUVs
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Text (#0A1820) #003876 #24B2CE #A4B4BD #E1E1D7 #F2F2EE#EE3A43 #FED51E #6DBFB7 16 High volumes and cost efficiency Rapid innovation High demand for innovative and modern technology Dual-use technologies
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Text (#0A1820) #003876 #24B2CE #A4B4BD #E1E1D7 #F2F2EE#EE3A43 #FED51E #6DBFB7 • Expansion to high-volume strike missiles (Zone 5) • Driven by sustained-fire requirements (Ukraine) • Long-cycle programs, European cooperation, and AI coordination • Growing demand for full- spectrum coverage • Cost-efficient interceptors for mass drone threats • Expand addressable market with spectrum synergies • Leader in dual-use autonomous underwater systems, sensors, and communication • Rising demand for subsea security • Strong AI-enabled autonomy trends • Fastest-growing defence and dual-use area driven by satellite constellations • AI and edge computing enable real-time sensing • European capacity and resiliency a key driver 17 Product development strategy to position KONGSBERG for the future Building next-generation products and systems -positioned to continue outperforming the market Full spectrum air defence Strike missile portfolio Space for defenceUnderwater capabilities
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Text (#0A1820) #003876 #24B2CE #A4B4BD #E1E1D7 #F2F2EE#EE3A43 #FED51E #6DBFB7 • Ground-based air defense solutions • Remote Weapon Systems • Advanced solutions for uncrewed platforms • Designs and manufactures advanced system solutions for all domains • Strike missiles for surface and land targets • Smart manufacturing of complex and lightweight composites and advanced alloy structures • Aviation Maintenance, Repair and Overhaul • Underwater operations, driven by sensing, autonomy and data fusion • Smart constellation systems connecting space assets with ground infrastructure • Sensors, platforms, software and services tailored to the needs of customers from deep sea to space Defence Systems Missiles & Aerostructures Discovery 18181818 45% 30% 25% Three strong divisions With JVs 2025 revenue distribution Includes proportionate figures from consolidated JVs ( i.e. not including 49.9% owned Patria)
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Text (#0A1820) #003876 #24B2CE #A4B4BD #E1E1D7 #F2F2EE#EE3A43 #FED51E #6DBFB7 Backlog by type Air defense Remote weapon systems Other 19 Defence Systems 27.3 51.4 66.0 0 10 20 30 40 50 60 70 2023 2024 2025 Backlog World-class defence systems Key figures • Combat proven, world-leading ground-based air defence systems including NASAMS and NOMADS • Combat proven remotely controlled weapon stations, PROTECTOR RWS, and turrets, MCT-30, for both crewed and uncrewed platforms • Proven, cost effective, CUAS solutions • Combat systems for both submarines, ORCCA, and surface vessels, multi sensor integration • C4ISR, state-of-the-art fire support, command and control, and system integration solutions • Leverages joint ventures, including kta naval systems and the JV with Thales, to scale defence platforms, deepen system integration and capture leading market positions NASAMS Most sold air defence system of its class selected by 17 nations PROTECTOR RWS ~80% global market share ORCCA World leading combat system for all TKMS non-nuclear submarines C-UAS Extensive worldwide RWS install base supporting expansion into C-UAS Key financials 2,000 Employees Main initiatives • Expand air defense portfolio towards Full Spectrum Air Defense (FSAD) • Continue evolving market leading C-UAS solutions • Continue focused development on robotics and AI 2.0 2.2 2.7 0 0.5 1 1.5 2 2.5 3 2023 2024 2025 9.4 11.0 14.3 0 2 4 6 8 10 12 14 16 2023 2024 2025 Revenue EBIT NOK billion All charts includes proportionate figures from consolidated JVs (i.e. not including 49.9% owned Patria) | CUAS = counter-unmanned aerial systems (drones), MCT = medium caliber turrets
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Text (#0A1820) #003876 #24B2CE #A4B4BD #E1E1D7 #F2F2EE#EE3A43 #FED51E #6DBFB7 Backlog by type Missiles Aerostructures Other • NSM – Naval Strike Missile, the most modern anti-ship missile in NATO, selected by 14 nations • JSM – Joint Strike Missile, the only existing powered strike missile for internal F-35 carriage • 3SM – Next generation supersonic strike missile for surface and land targets • Leading supplier of composite structures for flying applications • Long-term agreements with Lockheed Martin and Northrop Grumman for F-35 • Maintenance, repair and modifications services for aircraft, helicopters, components and field equipment to the Norwegian Armed Forces and other military and civilian organizations 20 State-of-the-art missile and aerostructures systems Key figures Missiles & Aerostructures NSM NSM provides superior operational performance and high survivability against all enemy defence systems JSM Based on NSM technology and integrated for internal carriage on the F-35 Supersonic Strike Missile (3SM) The Supersonic Strike Missile is the next-generation missile system F-35 composite components Aerostructures is the sole source supplier for all F-35 on selected parts Key financials 2,400 Employees Main initiatives • Broaden missile portfolio organically and through acquisitions • Be a leading provider within most ranges • Have a broad offering from high-volume / low cost to low-volume / high-cost 38.9 49.4 60.0 0 10 20 30 40 50 60 70 2023 2024 2025 Backlog 0.8 1.0 1.6 0 0.2 0.4 0.6 0.8 1 1.2 1.4 1.6 1.8 2023 2024 2025 6.0 7.4 9.8 0 2 4 6 8 10 12 2023 2024 2025 Revenue EBIT NOK billion All charts includes proportionate figures from consolidated JVs (i.e. not including 49.9% owned Patria)
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Text (#0A1820) #003876 #24B2CE #A4B4BD #E1E1D7 #F2F2EE#EE3A43 #FED51E #6DBFB7 21 Discovery Discovering and serving ocean and space Key figures • HUGIN, the world-leading deep water Autonomous Underwater Vehicle (AUV) • Leading satellite technology, connecting space and Earth while enabling advanced surveillance for secure and reliable operations • Advanced Ocean science and seafloor mapping serving research vessels and navies • Integrated solutions for critical infrastructure protection, from the seabed to space • Innovation-driven unit supporting defence divisions with fast-to-market commercial strategy • Joint venture with KSAT, providing space-based surveillance and communications critical for situational awareness Hugin Number one supplier of deep water AUVs Space Largest producer of low orbit satellites in Europe Critical infrastructure Key partner in protecting critical infrastructure KSAT World-leading supplier of ground station services for satellites in polar orbit Key financials 2,000 Employees Main initiatives • Mastering advanced technologies ahead of peers • Strengthen dual-use capabilities by synergising proven commercial technologies into defence • High degree of R&D and rapid innovations Order intake by segment Ocean Space Other7.8 8.1 11.1 0 2 4 6 8 10 12 2023 2024 2025 0.6 0.8 1.3 0 0.2 0.4 0.6 0.8 1 1.2 1.4 1.6 2023 2024 2025 5.9 6.8 7.9 0 1 2 3 4 5 6 7 8 9 2023 2024 2025 Revenue EBIT Backlog NOK billion All charts includes proportionate figures from consolidated JVs (i.e. not including 49.9% owned Patria)
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Text (#0A1820) #003876 #24B2CE #A4B4BD #E1E1D7 #F2F2EE#EE3A43 #FED51E #6DBFB7 22* Company not yet established (the two businesses had combined revenues of about NOK 1.5 billion (130 million euros) in 2024) JVs and partners critical for innovation, capacity and growth Joint Ventures and partnerships are efficient and highly attractive methods of securing a broad global footprint and product collaboration with leading companies Kongsberg Gruppen will look to enhance this strategy going forward Reporting segment: Defence systems - Reporting segment: Defence systems NOK 16m EBIT (’25) Joint ventures: Proven strategy for private and public collaboration through shared companies Partners: Essential to business 50% ownership50% ownership Reporting segment: Discovery NOK 0.5bn EBIT (’25) 50% ownership NOK 2.2bn revenue (’25) Reporting: Share of net income from joint arrangements and associated companies NOK 1.4bn EBIT (’25) 49.9% ownership (Indirect 25% ownership in Nammo) NOK 13bn revenue (’25) - *NOK 0.6bn revenue (’25) Partner: Thales Partner: TKMS and Atlas Elektronik Partner: Space Norway Partner: The Finnish State
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Text 23232323 Unique basis for continued profitable growth Financials and outlook
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0.8 4.9 8% 15% 0% 5% 10% 15% 20% 25% - 1.0 2.0 3.0 4.0 5.0 6.0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 24 Operating revenues EBIT and EBIT-margin Order backlogOrder intake, book-to-bill Strong financial development 14 138 0 20 40 60 80 100 120 140 160 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10.5 33.0 - 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 NOK billion NOK billion, % of sales NOK billionNOK billion, order intake / order delivered 8 61 0.7 1.9 0 0.5 1 1.5 2 2.5 3 0 10 20 30 40 50 60 70 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 All charts includes proportionate figures from consolidated JVs (i.e. not including 49.9% owned Patria)
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Text (#0A1820) #003876 #24B2CE #A4B4BD #E1E1D7 #F2F2EE#EE3A43 #FED51E #6DBFB7 2026 2027 2028+ 6.0 7.4 9.813.0 % 13.1 % 16.6 % 5% 7% 9% 11% 13% 15% 17% 0 2 4 6 8 10 12 2023 2024 2025 5.9 6.8 7.9 9.4 % 11.9 % 17.0 % 5% 7% 9% 11% 13% 15% 17% 0 1 2 3 4 5 6 7 8 9 2023 2024 2025 9.4 11.0 14.3 21.2 % 20.3 % 18.8 % 5% 7% 9% 11% 13% 15% 17% 19% 21% 23% 25% 0 2 4 6 8 10 12 14 16 2023 2024 2025 All charts includes proportionate figures from consolidated JVs (i.e. not including 49.9% owned Patria) Strong growth and resilient margins across all divisions Key KPIs Defence Systems Missiles & Aerostructures Discovery NOK 138bn 25 Revenue (NOK billion) & EBIT (%) 21.4 25.1 33.0 13.9 % 13.3 % 15.0 % 5.0 % 7.0 % 9.0 % 11.0 % 13.0 % 15.0 % 0 5 10 15 20 25 30 35 2023 2024 2025 Group 27.3 51.4 66.0 0 10 20 30 40 50 60 70 2023 2024 2025 Backlog (NOK billion) 38.9 49.4 60.0 0 10 20 30 40 50 60 70 2023 2024 2025 7.8 8.1 11.1 0 2 4 6 8 10 12 2023 2024 2025
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Text (#0A1820) #003876 #24B2CE #A4B4BD #E1E1D7 #F2F2EE#EE3A43 #FED51E #6DBFB7 26 Alternative Performance Measure (APM): Proportional figures from consolidated 50/50 joint venture (i.e. not including 49.9% owned Patria) The difference between the sum of the three divisions and KONGSBERG is primarily attributable to Kongsberg Digital and internal eliminations 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 Intake 26.2 2.9 29.1 20.4 - 20.4 9.7 1.4 11.1 56.8 4.2 61.0 Order Backlog 61.0 5.0 66.0 60.0 - 60.0 8.1 3.0 11.1 129.6 7.9 137.5 1) KTA Naval Systems 2) Kongsberg Satellite Services Patria (49.9% owned) is reported as share of net income from associated companies in KONGSBERG’s financials Patria BNOK – 2025 IFRS Not reported1 Not reported2 Revenue - 6.4 12.9 EBIT - 0.7 1.4 Share of net income 0.3 - - Order intake 12.8 25.7 Order backlog 20.7 41.5 1) Proportionate share (49.9%) 2) (100% basis)
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Text (#0A1820) #003876 #24B2CE #A4B4BD #E1E1D7 #F2F2EE#EE3A43 #FED51E #6DBFB7 See Statement of Proprietary information 27