Interim report
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3rd quarter 2026
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Explanation of the Report At the Extraordinary General Meeting of Kongsberg Gruppen ASA (KONGSBERG) 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. Consequently, Kongsberg Maritime was part of KONGSBERG during the first 22 days of the second quarter of 2026. In accordance with applicable accounting standards, Kongsberg Maritime is presented as a discontinued operation. The figures presented on pages 4–11 therefore include only the Company’s continuing operations, even though Kongsberg Maritime remained part of KONGSBERG until its listing on 23 April 2026. Refer to Note 9 for a more detailed description of how Kongsberg Maritime has been reflected in the financial statements and notes. KONGSBERG is organised and reports through its three business areas: Defence Systems, Missiles & Aerostructures, and Discovery. As Joint Ventures (JVs) and strategic partnerships represent an increasingly important part of KONGSBERG’s business model, the business areas have overall responsibility for managing and developing these activities. Consequently, reported revenue, EBITDA, EBIT, order intake and order backlog include proportional figures from Joint Ventures in which KONGSBERG holds a 50 percent ownership interest and exercises significant operational influence. This includes, among others, Kongsberg Satellite Services (KSAT) within Discovery and kta naval systems (KTA) within Defence Systems. In this quarterly report, all figures presented up to the section entitled “Figures and Notes”, unless otherwise stated, include proportional figures from these companies. The restated figures are defined as alternative performance measures (APMs). This reporting approach improves alignment between internal and external reporting and provides a more transparent, nuanced and comprehensive view of the company’s operations and overall performance. These reporting principles were implemented effective from the first quarter of 2026 and continue to be applied in this report. KONGSBERG • 3rd quarter 2026 *Figures include the proportional share of 50/50 joint ventures. 2
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In the third quarter, KONGSBERG delivered revenue growth of 50 per cent compared with the same period in 2025. Profitability remained strong, with EBIT increasing of 66 per cent, supported by higher volumes and solid project execution across the company. Growth was particularly driven by large air defence, counter-UAS and missile programmes. Activity levels remain high across all three divisions. KONGSBERG continues to invest in capacity to support future growth. With the opening of Horten Horizon in Vestfold, Norway, we have added 45,000 square metres of modern office space, high-tech laboratories and production facilities. In addition, the recently announced new factory in Poland will further expand our European production capacity. Order intake in the third quarter reflected continued strong demand for our core products, including missiles, air defence systems and weapon stations. Several significant contracts were signed during the quarter, including the largest single NASAMS contract to date. Belgium became the 18th country to order or deploy NASAMS, with a contract valued at approximately NOK 10 billion. In addition, KONGSBERG signed a contract with the Netherlands for further deliveries of the NASAMS system. During the third quarter, we signed a contract to supply remotely operated weapon stations for the Canadian Army’s armoured support vehicles. Weapon stations also play a key role in our counter-UAS solutions, an area where we are seeing strong and growing interest. Demand for NSM and JSM missiles continues to be high. In July, the US Air Force placed another order for the purchase of more JSM missiles for its F-35 fleet. Later in the quarter, we signed a framework agreement with the US Marine Corps for the delivery of production and maintenance support to NSM. Increased focus on maritime security reinforces the need for effective surveillance of large ocean areas and is driving demand for our dual-use underwater portfolio, including sonar technology and autonomous underwater vehicles. This demand was reflected in the contract to supply a portfolio of AUV solutions to the US. During the quarter, we also completed the acquisition of California-based Sonatech, a developer and supplier of advanced underwater acoustics solutions. The acquisition supports our growth strategy by complementing our existing technology portfolio and strengthening our position as a supplier to the US Navy. At the security forum in Warsaw, NATO’s Deputy Secretary Genera, Radmila Shekerinska, underscored the need for Europe to continue strengthening its defence capabilities. “Building stronger defences is our top priority in NATO. This is how we keep our one billion citizens safe,” she said, emphasising that a strong defence requires a strong defence industry. KONGSBERG is contributing to this industrial build-up by investing in increased production capacity across several key product areas. Strong demand and an order backlog of NOK 174 billion position KONGSBERG well for further growth. Together with our suppliers, we have the capacity to execute on the current order backlog while meeting future demand. Geopolitical tensions and conflicts continue to reinforce the need for advanced technologies and solutions that enhance security and resilience. Together with our customers and partners, KONGSBERG will continue to help safeguard national sovereignty and contribute to a safer world. KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 *Figures include the proportional share of 50/50 joint ventures. 3 KONGSBERG Eirik Lie, CEO KONGSBERG delivered a strong third quarter, with increased revenue and solid profitability. During the quarter we secured 23 billion NOK in new orders, resulting in a record high order backlog of 174 billion NOK. Our highest priority is to deliver on the order backlog, which provides a solid foundation for further growth.
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KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 *Figures include the proportional share of 50/50 joint ventures. 4 6,398 9,494 23,347 79,866 118,550 174,243 Order intake Order backlog Q3 2024 Q4 Q1 Q2 Q3 2025 Q4 Q1 Q2 Q3 2026 Revenues Orders Highlights and key figures / Third quarter 2026 6,009 7,568 11,328 Q3 2024 Q4 Q1 Q2 Q3 2025 Q4 Q1 Q2 Q3 2026 Financial key figures → Revenues of MNOK 11,328, an increase of 50 per cent compared to the third quarter 2025. → EBIT of MNOK 1,861 in the quarter, up from MNOK 1,122 in the third quarter 2025 . → EBIT margin of 16.4 per cent in the quarter. Market and order intake → Solid order intake of MNOK 23,347 across all divisions. → Continued growth in the order backlog, which now amounts to MNOK 174,243. → High activity levels and strong interest in the company’s overall product portfolio. KONGSBERG1) 828 1,122 1,861 13.8% 14.8% 16.4% EBIT EBIT % Q3 2024 Q4 Q1 Q2 Q3 2025 Q4 Q1 Q2 Q3 2026 EBIT Order backlog Breakdown by delivery date 7% 30% 63% 2026 2027 2028+ 1) Figures include the proportional share of 50/50 joint ventures
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Revenues and order intake Revenues in 3rd quarter were MNOK 11,328 compared to MNOK 7,568 in the same quarter last year, an increase of 50 per cent. Growth was recorded across all divisions. Defence Systems delivered revenue growth of 58%. This was driven by increased revenue related to air defence and weapon stations. The strongest growth was delivered by Missiles & Aerostructures, which increased revenue by 87%. The increase was driven by missile production and a full quarter of revenue from Zone 5 Technologies. Discovery had a growth of 11% compared to the corresponding quarter last year, mainly driven by high activity in the unmanned underwater vehicle domain and increased production of small satellites. The relocation process, which has now largely been completed, had a negative impact on the production volume in the sensor area in the quarter. Accumulated as of the third quarter, revenue ended at MNOK 30,951 compared to MNOK 22,798 last year, an increase of 36 per cent. EBIT in the third quarter was MNOK 1,861, corresponding to an EBIT-margin of 16.4 per cent compared to MNOK 1,122 (14.8 per cent) in the same quarter last year, an increase of 66 per cent. The improvement was driven by a combination of increased volume and solid project execution. Defence Systems increased EBIT by 103 per cent. This was driven by increased volume, continued positive development related to weapon stations, as well as positive non-recurring effects as a result of reduced risk in a number of projects. The margin ended at 20.6 per cent this year compared to 16.1 per cent last year. Missiles & Aerostructures increased EBIT by 31 per cent. The margin ended at 11.6 per cent compared to 16.5 per cent. The decline in margin is primarily due to Zone 5, which is in the process of scaling up production. Discovery had a negative EBIT development of -10 per cent compared to the corresponding quarter last year, and an associated margin of 14.6 per cent, compared to 18.0 per cent last year. The result for the quarter was impacted by additional costs related to moving to new facilities to meet future growth. The relocation process has now largely been completed, and the majority of the additional costs have been taken. Adjusted for this, the EBIT margin ended at 17.5 per cent in the quarter. Accumulated EBIT for the third quarter was MNOK 5,067, corresponding to an EBIT- margin of 16.4 per cent, compared to MNOK 3,232 (14.2 per cent) in the same period last year. This represents an increase of 57 per cent. The EBIT margin for KONGSBERG is dependent on the underlying project mix and is therefore expected to vary between reporting periods. Order intake in 3rd quarter was MNOK 23,347, compared to MNOK 9,494 for the same quarter last year. This resulted in a book/bill ratio for the quarter of 2.06. The majority of the order intake in the quarter came from Defence Systems, specifically driven by NASAMS to Belgium with a value of NOK 9.8 billion. Discovery also had strong order intake in the quarter, mainly driven by HUGIN orders for the defence market. Order intake is expected to continue to fluctuate significantly between quarters. Accumulated as of the third quarter, order intake was MNOK 66,956, compared to MNOK 33,186 in the corresponding period last year. The company’s order backlog at the end of the third quarter of 2026 was MNOK 174,243, an increase of MNOK 16,703 in the quarter, and an increase of MNOK 55,693 since third quarter 2025. The order backlog extends over time providing strong visibility and predictability. Market KONGSBERG develops and delivers equipment and technology to the Norwegian Armed Forces and Norway's allies. The NATO member states are investing in and strengthening their own defence capability. KONGSBERG is experiencing considerable demand for its overall product portfolio. The company’s market-leading solutions in missiles, air defence and weapon stations address some of the most important defence challenges facing many nations today. We are seeing increased interest in both the underwater and space segments, where KONGSBERG is well positioned. There is a high level of activity at all times in the form of marketing activities and tender processes. We are working proactively to upsell existing customers, as well as to increase the number of nations on the customer list. Several significant contracts were signed during the quarter: • NASAMS to Belgium worth NOK 9.8 billion • NASAMS to the Netherlands worth NOK 1.5 billion • JSM to US Air Force MUSD 100 • Framework agreement with the US Marine Corps with potential value up to MUSD 404 • RWS to Canada worth NOK 1.1 billion In addition to the above mentioned contracts, a number of smaller contracts have also been signed which are not communicated directly to the market. Several smaller contracts are being signed in Discovery in particular, but this is also the case in the other divisions. The proportion of unannounced contracts in the quarter is in line with historical levels. KONGSBERG is committed to meeting our customers' future needs. Together with German industry, we are developing the new supersonic missile 3SM, as an important addition to the current missile portfolio. In air defence, the ambition is to expand NASAMS to handle an even wider range of threats. The goal is "Full Spectrum Air Defence", and the company is working along several axes to realise this. We are working with German industrial partners to position ourselves within Space for Defence. At the same time, we are further developing sensor and underwater technology to strengthen HUGIN's ability to address increasingly complex defence requirements. KONGSBERG will combine the ability to capture opportunities in the short term while developing strong, long-term and strategic positions. Cash flow (excluding Joint Ventures) KONGSBERG had MNOK 6,365 in cash and cash equivalents at the end of the third quarter, compared with MNOK 4,859 at the end of the second quarter, an increase of MNOK 1,506 during the quarter. Cash flow from operating activities was MNOK 4,102 in the quarter. The positive cash flow is mainly due to a positive profit and improved working capital. Cash flow from investing activities was MNOK -2,394 in the third quarter. This is primarily due to acquisitions (see note 8), but also to investments in increased capacity and product development. Cash flow from financing activities amounted to MNOK -149 in the third quarter primarily driven by instalments and interest on lease debt. So far this year, KONGSBERG has had a net decrease in cash and cash equivalents of MNOK 14,686. The decrease is mainly due to acquisitions of companies, dividends, repayment of the bonds KOG09 and KOG14 and the transfer of cash in connection with the demerger. Balance Sheet (excluding Joint Ventures) 30.9 30.6 31.12 MNOK 2026 2026 2025 Equity 14,458 13,105 23,212 Equity ratio (%) 21.6 21.2 28.1 Total assets 67,014 61,780 82,527 Working capital 1) (10,997) (9,124) (13,511) Gross interest-bearing debt 3,477 3,154 5,359 Cash and cash equivalents 6,365 4,859 20,189 Net interest bearing debt 1) (2,888) (1,704) (14,830) 1) See definitions on page 29 KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 *Figures include the proportional share of 50/50 joint ventures. 5
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At the end of the third quarter, KONGSBERG had outstanding interest-bearing bond debt of MNOK 1,000. Further details are provided in Note 7. In addition, KONGSBERG has a syndicated and committed credit facility of MNOK 3,000, as well as an overdraft facility of MNOK 1 500. Net interest‑bearing debt at the end of the third quarter was MNOK -2,888 compared to MNOK -14,830 at the end of 2025. The increase in net interest-bearing debt was primarily driven by the reduction in cash and cash equivalents. KONGSBERG has a long‑term issuer credit rating of A‑ with a “stable outlook” assigned by the credit rating agency Nordic Credit Rating. The standalone credit assessment is BBB+. The rating was most recently updated on 8 April 2026 and is available at www.nordiccreditrating.com. Other business / other matters The acquisition of the California-based missile company Zone 5 Technologies was completed on 9 June 2026, and Q3 is the first quarter in which Zone 5 Technologies contributed revenue and profit throughout the quarter. With this, KONGSBERG has expanded its missile portfolio to also include missiles that can be produced cost-effectively at scale. KONGSBERG is in the process of industrialising and increasing production. The investment strengthens its presence in the US and is well suited for expansion into other markets, and we are looking at different business models to ensure this. We see great interest in missiles of this type, which complement the company's other missile types. In the third quarter, the U.S. government approved KONGSBERG's acquisition of the U.S. company Sonatech, a company specializing in underwater acoustics. The acquisition supports KONGSBERG's growth strategy in the U.S. and strengthens the company's position as a supplier to the U.S. Navy. Sonatech has more than 50 years of experience as a key technology supplier to the U.S. Navy, giving KONGSBERG a unique market channel for the company's advanced underwater solutions. Kongsberg Thales Defence Communications (KTDC), a 50/50 joint venture between KONGSBERG and Thales, was announced in June 2025. The purpose is to meet the growing need for defence forces in Norway, NATO countries and other nations in interoperability, sovereignty and large-scale equipment deliveries. The new company is expected to be operational during 2026. Kongsberg Digital, a global leader in industrial software, has changed its name to Falkor. The change reflects the company's clearer commitment to industrial intelligence – the combination of industrial data, simulation and AI that provides better decision support and operational performance, while continuing the company's fundamental goal of making working in industry easier, safer and more efficient for teams around the world. Divested operations Kongsberg Maritime is included in KONGSBERG’s consolidated financial statements up to and including 23 April 2026. The result from the maritime operations is presented as profit after tax from discontinued operations. Profit recognised up to the date of the demerger amounted to NOK 722 million. KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 *Figures include the proportional share of 50/50 joint ventures. 6
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KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 *Figures include the proportional share of 50/50 joint ventures. 7 3,399 5,377 Q3 2025 Q4 Q1 Q2 Q3 2026 5,500 15,247 49,889 86,893Order intake Order backlog Q3 2025 Q4 Q1 Q2 Q3 2026 Revenues Orders 7% 35% 58% 2026 2027 2028+ Order backlog Breakdown by delivery date Highlights and key figures / Third quarter 2026 Defence Systems1) Financial key figures → Revenues of MNOK 5,377, an increase of 58 per cent compared with the third quarter 2025. Year-to date performance MNOK 14,607, towards MNOK 9,583. → EBIT of MNOK 1,107 in the quarter, up from MNOK 546 in third quarter 2025 . Year-to-date MNOK 2,805 towards MNOK 1,688. → EBIT margin of 20.6 per cent in the quarter. Year -to-date 19.2 per cent towards 17.6 per cent. Market and order intake → Strong demand for air defence, counter-drone systems and weapon stations. → Record contract for the delivery of NASAMS to Belgium, alongside further deliveries to the Netherlands. → The order backlog is MNOK 86,893. 546 1107 16.1% 20.6% EBIT EBIT % Q3 2025 Q4 Q1 Q2 Q3 2026 EBIT 1) Figures include the proportional share of 50/50 joint ventures
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KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 *Figures include the proportional share of 50/50 joint ventures. 8 Highlights and key figures / Third quarter 2026 Missiles & Aerostructures1) 2,143 4,004 Q3 2025 Q4 Q1 Q2 Q3 2026 1,678 4,561 57,645 74,823 Order intake Order backlog Q3 2025 Q4 Q1 Q2 Q3 2026 Revenues EBIT Orders 353 463 16.5% 11.6% EBIT EBIT % Q3 2025 Q4 Q1 Q2 Q3 2026 5% 24% 71% 2026 2027 2028+ Order backlog Breakdown by delivery dateFinancial key figures → Revenues of MNOK 4,004, an increase of 87 per cent from third quarter 2025. Year-to-date MNOK 9,654 towards MNOK 6,833. → EBIT of MNOK 463 in the quarter, up from MNOK 353 in the third quarter 2025 . Year-to-date MNOK 1,418 towards MNOK 1,197. → EBIT margin of 11.6 per cent in the quarter, negatively impacted by Zone 5 Technologies.. Year-to-date 14.7 per cent towards 17.5 per cent. Market and order intake → JSM contract with the U.S. Air Force. → NSM framework agreement with the U.S. Marine Corps. → Continued growth in the order backlog, reaching MNOK 74,823. 1) Figures include the proportional share of 50/50 joint venture
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KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 *Figures include the proportional share of 50/50 joint ventures. 9 1,776 1,968 Q3 2025 Q4 Q1 Q2 Q3 2026 319 288 18.0% 14.6% EBIT EBIT % Q3 2025 Q4 Q1 Q2 Q3 2026 2,384 3,376 10,430 12,964 Order intake Order backlog Q3 2025 Q4 Q1 Q2 Q3 2026 18% 39% 42%2026 2027 2028+ Financial key figures → Revenues of MNOK 1,968, an increase of 11 per cent from third quarter 2025. Year-to-date MNOK 6,363 towards MNOK 5,616. → EBIT of MNOK 288 in the quarter, up from MNOK 319 in third quarter 2025 . Year-to-date MNOK 996 towards MNOK 944. → EBIT margin of 14.6 per cent in the quarter . Year-to-date 15.7 per cent towards 16.8 per cent. Market and order intake → Strong demand across the broad product portfolio, from deep sea to space. → Increasing deliveries to the defence segment. → Continued growth in the order backlog, reaching MNOK 12,964. Highlights and key figures / Third quarter 2026 Discovery1) Revenues EBIT Orders Order backlog Breakdown delivery by date 1) Figures include the proportional share of 50/50 joint venture
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Outlook At the end of the third quarter of 2026, KONGSBERG had an order backlog of NOK 174 billion, of which NOK 12 billion is scheduled for delivery in the fourth quarter of 2026. This represents a record-high level of order coverage and provides a solid foundation for continued high activity. Framework agreements are included in the order backlog only when orders under the agreements are received. KONGSBERG is exposed to market drivers that provide significant growth potential. To deliver on the existing order backlog and meet future demand, we are investing in increased capacity both in Norway and internationally. In recent years, we have completed and commissioned new missile production facilities in Norway and initiated the establishment of new factories in Australia and the US. KONGSBERG is also establishing a new production facility in Poland for the maintenance and production of systems for the detection and countering of drones. At the Capital Markets Day on 10 June 2026, we reiterated that KONGSBERG is in a period of increased investment, which is expected to continue through 2027–2028. We are investing in additional capacity to ensure delivery on the current order backlog and to meet demand. In addition, we expect to increase investments in self-funded development to address future needs and ensure that we remain relevant. These investments will support KONGSBERG’s financial ambitions of achieving revenues of NOK 100 billion in 2029 and NOK 150 billion in 2033. Technology and defence company KONGSBERG, with its broad portfolio of relevant capabilities, is well positioned to create value in an environment characterised by an evolving threat landscape. These capabilities can be combined relatively quickly to create new products and solutions, both within our core product areas and across the emerging technology domains of underwater and space. As the global security environment has evolved, the synergies between our core products and these technology areas have increased and are now greater than ever. The geopolitical situation remains characterised by uncertainty and rapid change. KONGSBERG delivers critical products and solutions that contribute to strengthening national security and protecting sovereignty. KONGSBERG has established strong market positions, a substantial order backlog and a solid financial position. This provides a strong foundation for continued solid growth in 2026 and the years ahead. Kongsberg, 28 October 2026 The Board of Directors of Kongsberg Gruppen ASA KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 *Figures include the proportional share of 50/50 joint ventures. 10 KONGSBERG is well positioned for continued growth, supported by a record-high order backlog, expanding market opportunities and ongoing investments in future capacity.
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Key figures per quarter included JV KONGSBERG 2026 2025 2024 MNOK 2026 Q3 Q2 Q1 2025 Q4 Q3 Q2 Q1 2024 Q4 Q3 Q2 Q1 Revenues 30,951 11,328 10,389 9,234 32,752 9,954 7,568 7,915 7,315 25,892 7,435 6,009 5,965 6,482 EBITDA 6,268 2,284 2,050 1,934 6,258 2,079 1,454 1,432 1,293 4,513 1,321 1,106 1,055 1,032 EBITDA (%) 20.3 20.2 19.7 20.9 19.1 20.9 19.2 18.1 17.7 17.4 17.8 18.4 17.7 15.9 EBIT 5,067 1,861 1,669 1,537 4,943 1,712 1,122 1,121 989 3,406 1,014 828 788 776 EBIT (%) 16.4 16.4 16.1 16.6 15.1 17.2 14.8 14.2 13.5 13.2 13.6 13.8 13.2 12.0 Share of net income associated companies 357 158 214 (15) 421 312 69 67 (26) 268 237 (16) 58 (12) Order intake 66,956 23,347 17,067 26,541 59,394 26,208 9,494 11,188 12,504 60,496 35,860 6,398 11,306 6,932 Order backlog 174,243 174,243 157,540 151,975 134,915 134,915 118,550 116,608 113,203 108,383 108,383 79,866 79,366 74,032 DEFENCE SYSTEMS 2026 2025 2024 MNOK 2026 Q3 Q2 Q1 2025 Q4 Q3 Q2 Q1 2024 Q4 Q3 Q2 Q1 Revenues 14,607 5,377 5,092 4,138 14,137 4,555 3,399 3,332 2,851 10,822 2,961 2,553 2,379 2,929 EBITDA 2,999 1,171 967 861 2,874 1,009 610 709 546 2,386 525 687 616 559 EBITDA (%) 20.5 21.8 19.0 20.8 20.3 22.1 18.0 21.3 19.2 22.1 17.7 26.9 25.9 19.1 EBIT 2,805 1,107 902 796 2,629 941 546 652 490 2,180 467 646 558 508 EBIT (%) 19.2 20.6 17.7 19.2 18.6 20.7 16.1 19.6 17.2 20.1 15.8 25.3 23.4 17.4 Order intake 38,549 15,247 2,292 21,010 27,495 18,093 5,500 1,748 2,154 35,494 19,615 2,892 9,075 3,913 Order backlog 86,893 86,893 77,311 80,030 63,460 63,460 49,889 47,758 49,553 50,554 50,554 33,893 33,431 27,595 KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 *Figures include the proportional share of 50/50 joint ventures. 11
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MISSILES & AEROSTRUCTURES 2026 2025 2024 MNOK 2026 Q3 Q2 Q1 2025 Q4 Q3 Q2 Q1 2024 Q4 Q3 Q2 Q1 Revenues 9,654 4,004 2,891 2,759 9,808 2,975 2,143 2,432 2,258 7,391 2,360 1,562 1,676 1,793 EBITDA 1,849 630 617 602 2,032 568 448 503 513 1,361 489 288 282 303 EBITDA (%) 19.2 15.7 21.3 21.8 20.7 19.1 20.9 20.7 22.7 18.4 20.7 18.4 16.8 16.9 EBIT 1,418 463 480 475 1,651 454 353 415 429 1,025 403 183 209 231 EBIT (%) 14.7 11.6 16.6 17.2 16.8 15.3 16.5 17.1 19.0 13.9 17.1 11.7 12.5 12.9 Order intake 19,524 4,561 12,201 2,762 20,413 5,312 1,678 6,919 6,503 17,878 13,996 1,692 973 1,217 Order backlog 74,823 74,823 68,063 60,004 60,008 60,008 57,645 58,089 53,613 49,405 49,405 37,770 37,640 38,343 DISCOVERY 2026 2025 2024 MNOK 2026 Q3 Q2 Q1 2025 Q4 Q3 Q2 Q1 2024 Q4 Q3 Q2 Q1 Revenues 6,363 1,968 2,269 2,125 7,908 2,292 1,776 1,874 1,966 6,750 1,860 1,670 1,599 1,621 EBITDA 1,319 400 448 471 1,721 500 415 422 383 1,113 293 306 275 238 EBITDA (%) 20.7 20.3 19.7 22.2 21.8 21.8 23.4 22.5 19.5 16.5 15.8 18.3 17.2 14.7 EBIT 996 288 347 362 1,341 398 319 330 295 812 204 235 205 169 EBIT (%) 15.7 14.6 15.3 17.0 17.0 17.4 18.0 17.6 15.0 12.0 10.9 14.0 12.8 10.4 Order intake 8,397 3,376 2,531 2,490 11,099 3,011 2,384 2,206 3,498 7,033 2,237 1,718 1,375 1,703 Order backlog 12,964 12,964 11,578 11,270 11,160 11,160 10,430 9,850 9,485 7,999 7,999 7,622 7,581 7,804 Due to eliminations and that Falkor, Property, Kongsberg IT and Corporate functions are not included, the sum of the divisions does not add up to Group. KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 *Figures include the proportional share of 50/50 joint ventures. 12
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KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 13 Numbers & notes1) 1The figures presented on the following pages are according to IFRS and 50/50 JV’s are presented according to IFRS.
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Condensed income statement 1.7. - 30.9 1.1. - 30.9 1.1. - 31.12 MNOK Note 2026 2025 2026 2025 2025 Operating revenues 10,842 7,307 29,670 21,969 31,562 Revenues 5 10,842 7,307 29,670 21,969 31,562 Operating expenses (8,690) (5,954) (23,740) (18,068) (25,687) EBITDA 5 2,152 1,353 5,929 3,902 5,876 Depreciation (174) (125) (483) (353) (502) Depreciation, leasing assets (106) (94) (332) (254) (360) Amortisation (110) (83) (273) (243) (316) Impairment of intangible assets — — — — (4) EBIT 5 1,762 1,052 4,841 3,052 4,694 Share of net income from joint arrangements and associated companies 6 229 124 537 249 617 Interest on leasing liabilities (48) (36) (168) (107) (147) Net financial items (72) 89 (139) 217 168 Earnings before tax (EBT) from continuing operations 1,871 1,228 5,071 3,411 5,333 Income tax expenses 11 (364) (245) (1,006) (968) (1,191) Earnings after tax (EAT) after continuing operations 1,507 983 4,064 2,443 4,142 Earnings from discontinued business after tax 13 — 721 722 3,159 3,780 Earnings for the period after tax 1,507 1,704 4,786 5,603 7,922 Attributable to: Equity holders of the parent 1,483 1,697 4,767 5,597 7,953 Non-controlling interest 24 6 19 6 (31) Earnings per share (EPS) / EPS diluted in NOK Earnings per share from continuing business 1.69 1.11 4.60 2.77 4.74 Earnings per share from continuing business 1.69 1.11 4.60 2.77 4.74 Earnings per share from discontinued business — 0.81 0.82 3.58 4.30 Earnings per share from discontinued business, diluted — 0.81 0.82 3.58 4.30 Earnings per share 1.69 1.93 5.42 6.36 9.04 Earnings per share, diluted 1.69 1.93 5.42 6.36 9.04 Condensed statement of comprehensive income 1.7 - 30.9 1.1 - 30.9 1.1 - 31.12 MNOK Note 2026 2025 2026 2025 2025 Earnings after tax 1,507 1,704 4,786 5,603 7,922 Specification of other comprehensive income for the period: Items to be reclassified to profit or loss in subsequent periods: Change in fair value, cashflow hedges • Cash flow hedges and cross-currency swaps 7 (61) 11 182 (5) 21 Tax effect cash flow hedges 13 (2) (40) 1 (5) Translation differences currency (107) 21 (389) (232) (138) Total items to be reclassified to profit or loss in subsequent periods (154) 29 (248) (236) (121) Items not to be reclassified to profit or loss in subsequent periods: Actuarial gains/losses pensions — — — — 59 Tax effect on actuarial gain/loss on pension — — — — (13) Total items not be reclassified to profit or loss — — — — 46 Comprehensive income 1,353 1,733 4,538 5,367 7,847 KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 14
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Condensed statement of financial position 30.9 30.6 31.12 MNOK Note 2026 2026 2025 Assets Property, plant and equipment 8,693 7,798 6,636 Leasing assets 2,192 1,895 2,647 Intangible assets 9,984 8,995 3,762 Share in joint ventures and associated companies 6 5,235 4,983 5,084 Other non-current assets 313 345 398 Total non-current assets 26,416 24,016 18,526 Inventories 6,612 5,945 6,062 Trade receivables 8,688 9,386 4,065 Customer contracts, asset 7 14,206 14,096 11,650 Derivatives 7 4,015 2,734 1,888 Other short-term receivables 712 744 718 Cash and cash equivalents 6,365 4,859 20,189 Assets held for distribution to the owners — — 19,429 Total current assets 40,598 37,764 64,001 Total assets 67,014 61,780 82,527 30.9 30.6 31.12 MNOK Note 2026 2026 2025 Equity, liabilities and provisions Issued capital 5,875 5,875 5,928 Retained earnings 7,221 6,135 15,399 Other reserves 175 320 413 Reserves of operations held for distribution — — 840 Non-controlling interests 1,188 774 633 Total equity 14,458 13,105 23,212 Long-term interest-bearing loans 7 1,000 1,000 1,000 Long-term leasing liabilities 2,051 1,737 2,365 Other non-current liabilities and provisions 4 2,976 3,026 2,014 Total non-current liabilities and provisions 6,027 5,764 5,379 Customer contracts, liabilities 7 36,760 33,879 31,124 Derivatives 7 3,016 2,827 1,848 Short-term interest-bearing loans 7 100 100 1,600 Short-term leasing liabilities 326 317 394 Other current liabilities and provisions 4 6,329 5,788 5,750 Liabilities held for distribution to the owners — — 13,220 Total current liabilities and provisions 46,530 42,912 53,936 Total equity, liabilities and provisions 67,012 61,780 82,527 Equity ratio (%) 21.6 21.2 28.1 Net-interest-bearing debt (2,888) (1,704) (14,830) KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 15
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Condensed statement of changes in equity 30.9 30.6 31.12 MNOK Note 2026 2026 2025 Equity opening balance 23,212 23,212 19,269 Total comprehensive income 4,538 3,184 7,847 Dividends (5,014) (5,014) (3,870) Demerger 12 (8,305) (8,305) — Transactions with treasury shares related to employee share program (11) (11) 9 Purchase/sale, in non-controlling interest 36 36 (42) Equity closing balance 12 14,458 13,105 23,212 KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 16
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Condensed cash flow statement (includes discontinued business until 23 April 26.) 1.7 - 30.9 1.1 - 30.9 1.1 - 31.12 MNOK Note 2026 2025 2026 2025 2025 Earnings after tax 1,507 1,704 4,786 5,603 7,922 Depreciation/impairment of property, plant and equipment 174 172 544 492 703 Depreciation, leasing assets 106 134 384 374 534 Amortisation/impairment of intangible assets 110 126 321 374 491 Share of net income from joint ventures and associated companies 6 (229) (124) (537) (248) (628) Net finance items 120 (7) 340 (42) 68 Income taxes 364 450 1,191 1,521 1,935 Gain on sale of business — — — (1,206) (1,206) Change in net current assets and other operating-related items 1,950 (303) (2,898) (2,457) 2,914 Demerger effect discontinued business — — (2,155) — — Net cash flow from operating activites 4,102 2,152 1,976 4,411 12,732 Dividend from joint arrangments and associated companies 6 — 50 229 246 246 Purchase/disposal of property, plant and equipment (1,090) (672) (1,918) (1,576) (2,308) Investment in subsidiaries and associated companies 8 (1,291) (7) (5,092) (486) (486) Investment in financial assets — — — (125) (125) Interest received 48 190 351 551 727 Sale of business and investment in subsidiaries 8 — — — 1,365 1,365 Capitalised internal development and other intangible assets (61) (125) (256) (380) (523) Net cash flow from investing activites (2,394) (563) (6,685) (405) (1,103) 1.7 - 30.9 1.1 - 30.9 1.1 - 31.12 MNOK Note 2026 2025 2026 2025 2025 Net change interest-bearing loans — 25 (1,490) 100 100 Payment of principal portion of lease liabilities (91) (134) (295) (371) (532) Interest paid (10) (52) (55) (125) (192) Interest paid on leasing liabilities (48) (47) (186) (140) (196) Net payment related to employee share programme — — — (90) (90) Dividends paid to equity holders of the parent — — (5,014) (1,759) (3,870) of which dividends from treasury shares — — — — — Net cash flow from financing activities (149) (208) (7,040) (2,385) (4,781) Effect of changes in exchange rates on cash and cash equivalents (52) — (34) (150) (92) Net change in cash and cash equivalents 1,506 1,380 (11,783) 1,471 6,757 Cash transferred through demerger — — (2,903) — — Net change in cash and cash equivalents after transfer — — (14,686) — — Cash and cash equivalents at the beginning of the period 4,859 14,385 21,051 14,293 14,293 Cash and cash equivalents at the end of the period 1) 6,365 15,765 6,365 15,765 21,051 1) MNOK 246 of the cash and cash equivalents at the end of the period is placed in liquidity fund. KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 17
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1 General information and principles General information The consolidated financial statement for 3rd quarter (interim financial statement) covers Kongsberg Gruppen ASA, its subsidiaries and shares in joint ventures and associated companies that are included according to the equity method. Principles Interim financial statements are compiled in accordance with IAS 34 (interim reporting), stock exchange regulations and the additional requirements of the Securities Trading Act. Interim financial statements do not include the same amount of information as the full financial statements and should be read in the context of the consolidated financial statements for 2025. The consolidated financial statements for 2025 were prepared in compliance with the Norwegian Accounting Act and international standards for financial reporting (IFRS) established by the EU. The consolidated financial statements for 2025 are available on www.kongsberg.com. The interim financial statement has not been audited. 2 New standards as of 1. January 2026 The accounting principles used in the quarterly report are the same principles as those applied to the consolidated financial statements for 2025. Changes in accounting standards with effect from 1. January 2026 have not had a material effect on the consolidated financial statements. 3 Changed standards in IFRS that have not yet been implemented IFRS(R) Accounting Standard IFRS 18 “Presentation and Disclosure in Financial Statements enter into force on 1 January 2027. This standard introduces new requirements for income statements, information on management-defined performance measures and new guidance on aggregation and disaggregation in financial statements and notes. For KONGSBERG, this change will primarily lead to some restructuring of the consolidated statement of income. The new standard introduces three new categories and required subtotals in the statement for profit and loss. The new categories are operating, investing and financing. The investing category includes profit and loss items related to investments in joint ventures and associates in addition to income and expenses from cash and cash equivalents. In the current income statement the share of net income from joint ventures and associates are presented after EBIT and IFRS 18 will not have a significant effect on the presentation of this. The financing category separates all income and expenses related to financing and to other liabilities. The operating category is a residual category for everything that does not fall into the other categories. The most significant effect for KONGSBERG’s income statement will be that the currency gains and losses will be allocated to a larger extent to the different categories as the currency gains and losses shall be presented in the same category as the revenues and expenses from the underlying transaction. Currency gains and losses related to hedging derivatives shall be presented in the same category as revenues and expenses from the hedging object. KONGSBERG already present it like this in the income statement as such currency gains and losses are included in EBIT. Other finance items will also to a larger extent be divided between the categories. The category taxation will have minor changes and discontinued operations continues as today in the income statement. 4 Estimates Preparing the interim financial statement involves assessments, estimates and assumptions that affect the use of accounting principles and posted amounts for assets and obligations, revenues and expenses. Actual results may deviate from these estimates. The key considerations in connection with the application of the company’s accounting principles and the major sources of uncertainty remain the same as when the 2025 consolidated financial statements was compiled. 2026 has been characterised by political unrest and uncertainty and KONGSBERG may be affected if this continues. At the end of the period this has not had any effect on the financial figures. KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 18
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5 Segment information IFRS 8 requires that the segment information is presented in the same way as the information received by the Chief Operating Decision Maker. President and CEO of KONGSBERG, has evaluated how the company’s operations will be followed up in the future. This has resulted in the three reportable segments Defence Systems, Missiles & Aerospace and Discovery. The Segregations include the company’s proportional share of associated Joint Venture companies. The segments' results are measured and followed up based on revenues, EBITDA and EBIT. The reporting is in accordance with the company’s internal management and reporting structure. Falkor is included in "Other" due to the size of the enterprise. 2026 2025 1.7. - 30.9 1.7. - 30.9 MNOK Defence Systems incl JV Missiles & Aerostructures incl JV Discovery incl JV Joint Ventures Other1) Eliminations KONGSBERG Defence Systems incl JV Missiles & Aerostructures incl JV Discovery incl JV Joint Ventures Other1) Eliminations KONGSBERG Revenues 5,377 4,004 1,968 (587) 530 (450) 10,842 3,399 2,143 1,776 (365) 515 (162) 7,307 EBITDA 1,171 630 400 (132) 83 — 2,152 610 448 415 (101) (19) — 1,353 EBIT 1,107 463 288 (98) 3 — 1,762 546 353 319 (70) (96) — 1,052 1) Other activities consist of Falkor, Kongsberg IT, property, corporate functions. 2026 2025 1.1. - 30.9 1.1. - 30.9 MNOK Defence Systems incl JV Missiles & Aerostructures incl JV Discovery incl JV Joint Ventures Other1) Eliminations KONGSBERG Defence Systems incl JV Missiles & Aerostructures incl JV Discovery incl JV Joint Ventures Øvrige1) Eliminering KONGSBERG Revenues 14,607 9,654 6,363 (1,602) 1,618 (970) 29,670 9,583 6,833 5,616 (1,148) 1,488 (402) 21,969 EBITDA 2,999 1,849 1,319 (339) 100 — 5,929 1,866 1,464 1,221 (278) (371) — 3,902 EBIT 2,805 1,418 996 (226) (152) — 4,841 1,688 1,197 944 (179) (596) — 3,052 2025 1.1. - 31.12 MNOK Defence Systems incl JV Missiles & Aerostructures incl JV Discovery incl JV Joint Ventures Other1) Eliminations KONGSBERG Revenues 14,137 9,808 7,908 (1,614) 2,056 (733) 31,562 EBITDA 2,874 2,032 1,721 (382) (369) — 5,876 EBIT 2,629 1,651 1,341 (249) (678) — 4,694 KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 19
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The table shows the anticipated date on which remaining performance obligations as of 30. September 2026 are recognised as income: 2026 2025 Date of revenue recognition Date of revenue recognition Order backlog 2028 and later Order backlog 2027 and later MNOK 30.9.26 2026 2027 30.9.25 2025 2026 Defence Systems 85,744 5,774 29,727 50,243 48,813 3,791 14,162 30,861 Missiles & Aerostructures 74,823 3,701 17,764 53,358 57,645 2,472 9,332 45,840 Discovery 9,652 2,022 4,157 3,473 7,820 2,001 2,846 2,973 Other/elimination (431) (10) (350) (72) 585 2 292 290 Total 169,788 11,488 51,299 107,002 114,863 8,266 26,633 79,964 KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 20
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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 -30. September 2026 MNOK Ownership Carrying amount 1.1 Additions/disposals Dividend received Share of net income 1) Other items and comprehensive income Carrying amount 30.9 Share of net income 1.7. - 30.9 Patria Oyi 49.9 % 3,881 (194) 360 (177) 3,871 159 Kongsberg Satellite Services 50 % 1,110 — (35) 158 — 1,233 62 Other shares 93 20 — 19 — 131 8 Total 5,084 20 (229) 537 (177) 5,235 229 1) The share of net income is included after tax and amortisation of excess value. Shares of net result from Patria: 1.7. - 30.9 1.1. - 30.9 1.1. - 31.12 MNOK 2026 2025 2026 2025 2025 KONGSBERG's share (49,9%) 1) 159 79 362 126 459 Amortisation of excess values after tax (1) (3) (1) (7) (10) Share of net income recognised for the period 159 76 360 119 449 1) ) Share of Patria's net income after tax adjusted for non-controlling interests and net income from KAMS. Share of net income from Patria is recognised as follows during the quarters: Q1: jan-Feb, Q2: Mar-May, Q3: Jun-Aug and Q4: Sep-Des. Share of net income and dividend from associated companies per division: Share of net income Dividend 1.7. - 30.9 1.1. - 30.9 1.1. - 31.12 1.7. - 30.9 1.1. - 30.9 1.1. - 31.12 MNOK 2026 2025 2026 2025 2025 2026 2025 2026 2025 2025 Defence Systems 9 5 22 12 18 — — — — — Missiles & Aerostructures — — — — — — — — — — Discovery 62 50 158 127 179 35 50 — 50 50 Other 158 69 357 110 420 194 — 194 196 196 KONGSBERG 229 124 537 249 617 229 50 194 246 246 KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 21
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7 Financial instruments Loans and credit facilities KONGSBERG has one bond loan amounting to MNOK 1,000 . This loan is due at 31. May 30. Kongsberg Aviation Maintenance Service AS (KAMS) is jointly owned with Patria Oyi. The company received financing from its owners in the 2nd quarter of 2025 and thus have a short-term loan from Patria of MNOK 100 in addition to an internal loan from KONGSBERG. This is in accordance with the shareholder agreement to finance investments in KAMS. In addition, KONGSBERG has a syndicated credit facility of MNOK 3,000 and an overdraft credit facility of MNOK 1,500. Neither were utilized at the end of the quarter. Interest-bearing loans: KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 22 30.9.2026 31.12.2025 MNOK Due date Nominal interest rate Value 1) Value 1) Long-term loans: Bond issue KOG15 - fixed interest rate 2) 31.5.30 4.85 % 1,000 1,000 Total long-term loans 1,000 1,000 Short-term loans: Bond issue KOG09 - fixed interest rate 3) 2.6.26 3.20 % — 1,000 Bond issue KOG14 - floating interest rate 3) 26.2.26 5.09 % — 500 Other short-term loans 100 100 Total short-term loans 100 1,600 Total interest-bearing loans 1,100 2,600 Syndicated credit facility (unutilised credit limit) 22.3.29 3,000 2,500 Overdraft facility (max credit limit) 1,500 1,500 1) Value is equal to nominal amount. 2)Bond issue KOG 15 was entered into at a fixed rate of 4.85% p.a. KONGSBERG also entered into a floating rate swap agreement with 3M NIBOR + 1.36% p.a. 3) The bond loans KOG 14 and KOG 09 were paid down during the Q1 and the Q2, respectively.
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Forward exchange contracts KONGSBERG hedges contracts above a certain size at the time of signing, and these are mainly hedged by forward currency contracts (fair value hedges) against the unit's functional currency. In special cases, KONGSBERG uses forward contracts as cash flow hedges for large bids where the probability of contract award is very high. Fair value of balances classified as cash flow hedges, as shown in the condensed statement of comprehensive income, increased by MNOK 182 before tax during the period 1. January -30. September 2026. The fair value of unrealized forward exchange contracts increased by MNOK 11 during the period. The total change in net fair value of fair value hedges represented an increase of MNOK 839 from the end of last year. The end-of-quarter spot rates were USD/NOK 9.61, EUR/NOK 10.88 and GBP/NOK 12.74. KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 23 Fair value is referring to the net present value of the variance between the forward rate as of 30. September 2026 and the forward rate at the time of entering the forward exchange contract. The change in the fair value of cash flow hedges recognised in the statement of comprehensive income is MNOK 182, while the table above show a change in fair value of MNOK 63. The difference between these two amounts of MNOK 118 was ascribable to a change in fair value of cross-currency swaps. Due in 2026 Due in 2027 or later Total MNOK Value in NOK on agreed rates Fair value at 30.9.26 Value in NOK on agreed rates Fair value at 30.9.26 Value in NOK on agreed rates Change in fair value from 31.12.25 Fair value at 30.9.26 USD 249 27 (1,207) (20) (958) 50 7 EUR (146) (3) (807) (23) (953) (22) (26) Other (190) (1) (1,399) (20) (1,589) (17) (21) Sum (87) 23 (3,413) (63) (3,500) 11 (40) Roll-over of currency futures 15 38 52 53 Total (87) 38 (3,413) (25) (3,500) 63 13 Forward exchange contracts cash flow hedges, assets 217 Forward exchange contracts cash flow hedges, liabilities 257 Net forward exchange contracts cash flow hedges (40) Forward exchange contracts classified as fair value hedges : The net value of fair value hedges which are mainly recognized as derivates in the statement of financial position, offset against customer contracts, assets by MNOK 485 (decrease) and customer contracts, liabilities by MNOK 513 (increase). Due in 2026 Due in 2027 or later Total MNOK Value in NOK on agreed rates Fair value at 30.9.26 Value in NOK on agreed rates Fair value at 30.9.26 Value in NOK on agreed rates Change in fair value from 31.12.25 Fair value at 30.9.26 USD 1,219 (8) 14,555 447 15,774 139 439 EUR 2,474 55 6,464 350 8,938 562 405 GBP (246) 14 (2,122) (69) (2,368) (59) (55) Others 939 19 10,443 163 11,382 197 181 Total 4,386 79 29,340 891 33,726 839 971 Forward exchange contracts fair value hedges, assets 3,692 Forward exchange contracts fair value hedges, liabilities 2,722 Net forward exchange contracts fair value hedges 971
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Specification of derivatives: 30.9 30.6 31.12 MNOK 2026 2026 2025 Forward exchange contracts, cash flow hedges (a) 217 331 26 Forward exchange contracts, fair value hedges (b) 3,709 2,384 1,859 Cross-currency swaps 89 19 3 Total derivatives, current assets 4,015 2,734 1,888 Forward exchange contracts, cash flow hedges ( c) 257 171 77 Forward exchange contracts, fair value hedges (d) 2,722 2,619 1,700 Cross-currency swaps 37 37 71 Total derivatives, current liabilities 3,016 2,827 1,848 Net forward exchange contracts, cash flow hedges (a) - ( c) (40) 160 (51) Net forward exchange contracts, fair value hedges (b) - (d) 987 (235) 159 Total net forward exchange contracts 947 (75) 108 KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 24
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8 Acquisitions Zone 5 Technologies The acquisition was described in the second quarter, 2026. As part of the acquisition a value-based loyalty arrangement for several employees in the company was established where the connected value of the liability is related to the estimated fair value of the company. Since the payments are related to continuing employment the arrangement must be recognised as personnel expenses and are accrued over the vesting period. The cost is recognised earlier in the financial statement than when the payment is made. This may lead to higher personnel costs in the short term. The associated value creation from the investment will typically be realised over a longer period and will therefore not necessarily be visible in the income statement at the same time. Sonatech In June 2025, KONGSBERG announced the signing of the agreement related to the acquisition of Sonatech. The acquisition was completed 1 September this year when the necessary approvals from the US authorities were in place. Sonatech is an underwater acoustics company based in Santa Barbara, California. The company specialises in developing and manufacturing customised devices, subsystems and systems that transmit, receive, and process acoustic signals through the ocean. It is the division Discovery that acquires 100 % of the company and it will be incorporated in Uncrewed Platform. Sonatech has a strong and solid relationship with the U.S. Navy. Combined with the division’s technology portfolio and expertise, the transaction will increasingly make Discovery’s systems and products available to the U.S. Navy. The company has more than 100 employees and in 2025, the company reported revenues of USD 34,4 million. Preliminary value added allocation follows below for Sonatech: KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 25 MNOK Book value prior to acquisition Fair value adjustment Recognises values after acquisistion Other intangible assets — 22 22 Total intangible assets — 22 22 — Property, plant and equipment 1 1 Leasing assets 10 — 10 Current assets exclusive cash 84 — 84 Cash 17 — 17 Total asset exclusive goodwill 112 22 134 — Deferred tax 7 7 Long-term leasing liabilities 5 5 Short-term leasing liabilities 6 — 6 Other short-term liabilities 24 24 Total liabilities 35 7 42 Net identifiable assets and liabilities 77 15 92 Goodwill 1,156 Paid consideration (A) 1,249 Cash acquired (B) (17) Net outgoing cash flow for the acquisition (A-B) 1,232
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9 Related parties According to the shareholder agreement regarding financing of investments in Kongsberg Aviation Maintenance Services, the owners, Patria Oyi and KONGSBERG, granted a loan to the company in the second quarter in 2025. Patria Oyi’s share of the financing is MNOK 100. The Board is not aware of any changes or transactions in the third 3rd quarter associated with related parties that in any significant way have an impact on the company’s financial position and profit for the period. 10 Important risk and uncertainty factors KONGSBERG’s risk management is described in the 2025 annual report. The geopolitical situation is still characterised by uncertainty and rapid change. KONGSBERG has significant international operations and is affected by global framework conditions. At the same time, strong growth and increased geopolitical uncertainty place greater demands on robust supply chains and secure access to critical components. The company's global presence, local value creation close to customers and close follow-up of the supply chain help to reduce the risk associated with such conditions. KONGSBERG works closely with customers, authorities and suppliers to ensure good preparedness and the ability to adapt to changing framework conditions. 11 Tax The income tax expense from continuing operation per third 3rd quarter was calculated to be 19.8 per cent of earnings before tax. The income tax expense was mainly affected by income from associates recognised after tax, permanent differences and withholding tax. 12 Share split after demerger The demerger of Kongsberg Gruppen ASA in connection with the special listing of the Kongsberg Maritime business area on Euronext Oslo Stock Exchange was completed as of 23 April 2026. Kongsberg Gruppen ASA’s share capital was reduced by NOK 52,776,554.70 by reducing the nominal value per share from NOK 0.25 to NOK 0.19. Number of shares Nominal NOK Share capital MNOK N O K Share caoital before demerger 879 609 245 0.25 219.9 1 9 . Share capital after demerger 879 609 245 0.19 167.1 6 7 . KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 26
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13 Discontinues business On 17 December 2025, the Board of Directors of Kongsberg Gruppen ASA decided to demerge and list Kongsberg Maritime on the Euronext Oslo Stock Exchange. The demerger was adopted by the General Meeting at the Extraordinary General Meeting on 22 January 2026. The demerger was carried out by transferring KONGSBERG's assets, rights and liabilities primarily related to the maritime business to the newly established company Kongsberg Maritime ASA. The values demerged constitute in total of 24% of the values in Kongsberg Gruppen ASA according to the demerger plan. As demerger consideration, the shareholders of Kongsberg Gruppen ASA as of the time of completion of the demerger received new shares in Kongsberg Maritime ASA, where each share in Kongsberg Gruppen ASA entitles the holder to receive one share in Kongsberg Maritime ASA. The shareholder structure was thus immediately after the completion of the demerger mirroring the shareholder structure of Kongsberg Gruppen ASA. The IPO took place on 23 April 2026. Due to the demerger, the maritime business is presented as operations held for distribution to the owners in the financial statement as of Q4 2025 and to the year end 2026. The result from the maritime business is extracted from KONGSBERG's profit and loss figures for 2026 and 2025 and is presented collectively in the profit and loss line "Earnings from discontinued business after tax" in the income statement. The result from the maritime operations in 2026 is only included until the demerger was completed in 23 April 2026. In KONGSBERG's balance sheet as of 31 December 2025, the balance sheet figures from the maritime business are extracted from KONGSBERG's balance sheet figures and presented on the balance sheet lines "Assets held for distribution to the owners" and "Liabilities held for distribution to the owners". From the date of demerger, all balance sheet figures from the maritime activities have been excluded. The figures from the maritime business are included upon the demerger in April 2026 and for the whole year of 2025 in the cash flow statement. The specification of the profit and loss and net cash flow from the maritime operations upon the time of demerger and the financial position as of 31 December 2025 are presented in the tables below. As of 23 April 2026, the result from the maritime business will be unchanged for the rest of the year and the balance sheet will not include balance sheet figures from the maritime business. Specification of earnings after tax from discontinued business 1.1-23.4 1.1. - 31.12 MNOK 2026 2025 Operating revenues 8,355 26,921 Gain from sale of business — 1,206 Operating expenses (7,256) (22,813) EBITDA 1,099 5,313 Earnings before interest and taxes (EBIT) 960 4,669 Share of net income from associated companies — 11 Net financial items (54) (157) Earnings from discontinued business before tax 905 4,524 Tax (184) (744) Earnings after tax from discontinued business after tax 722 3,780 Other comprehensive income from discontinued business (404) (127) Cash flow from discontinued business 1.1-23.4 1.1. - 31.12 MNOK 2026 2025 EBITDA 1,099 5,313 Change in net current assets and other operating-related items (428) (171) Net cash flow from operating activities 671 4,142 Net cash flow from investing activities (113) (279) Net cash flow from financing activities (77) (635) KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 27
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Specification of assets and liabilities held for distribution to the owners MNOK 31.12.25 Property, plant and equipment 1,720 Leasing assets 685 Other intangible assets 2,625 Shares in joint arrangements and associated companies 21 Other non-current assets 292 Total non-current assets 5,343 Inventories 4,377 Trade receivables 4,402 Customer contracts, assets 3,844 Financial derivatives — Other short-term receivables 602 Cash and cash equivalents1) 861 Total current assets 14,087 Total assets held for distribution to the owners 19,429 MNOK 31.12.25 Long-term interest-bearing loans — Long-term leasing liabilities 642 Other non-current liabilities 662 Total non-current liabilities and provisions 1,304 Customer contracts, liabilities 7,375 Financial derivatives — Short-term interest-bearing loans — Short-term leasing liabilities 158 Other current liabilities 4,382 Total current liabilities and provisions 11,915 Total liabilities held for distribution to the owners 13,220 Net assets held for distribution to the owners 6,209 1) In addition to cash and cash equivalents presented in the balance above Kongsberg Maritime has net deposits in KONGSBERG’s cash pool arrangements of MNOK 2 051 as of 31 March. KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 28
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Alternative performance measures and definitions KONGSBERG uses terms in the consolidated financial statements that are not anchored in the IFRS accounting standards. Our definitions and explanations of these terms follow below. KONGSBERG considers EBITDA and EBIT to be normal accounting terms, but they are not included in the IFRS accounting standards. EBITDA is the abbreviation of “Earnings Before Interest, Taxes, Depreciation and Amortisation”. KONGSBERG uses EBITDA in the income statement as a summation line for other accounting lines. These accounting lines are defined in our accounting principles, which are part of the 2025 financial statements. The same applies to EBIT. KONGSBERG’s strategic plans going forward will place increased focus on Joint Ventures (JV) and other partnerships. Such collaborations will play a more central role in the new KONGSBERG, and divisional management will be given greater responsibility for the follow-up of Joint Venture companies. It has therefore been decided that the measurement, monitoring, and reporting of the divisions shall include proportional figures from Joint Ventures in the reporting of revenues, EBITDA, EBIT, order intake, and order backlog. Companies in which the KONGSBERG holds an ownership interest of 50 percent and exercises significant operational influence are included in these performance metrics. As a consequence, Kongsberg Satellite Services (KSAT) is included in Discovery, and kta naval systems (KTA) in Defence Systems. These revised figures are defined as Alternative Performance Measures. Reconciliation of the APM revenues, EBITDA, EBIT against the IFRS financial figures: 1.7. - 30.9.26 Revenues incl JV's Joint Ventures Elimination Revenues KONGSBERG 11,328 (587) 102 10,842 Defence Systems 5,377 (262) 93 5,209 Missiles & Aerostructures 4,004 — — 4,004 Discovery 1,968 (326) 7 1,650 1.7. - 30.9.26 EBITDA incl Joint Ventures Joint Ventures Elimination EBITDA KONGSBERG 2,284 (132) — 2,152 Defence Systems 1,171 (7) — 1,164 Missiles & Aerostructures 630 — — 630 Discovery 400 (125) — 276 1.1. - 31.3.26 EBIT incl Joint Ventures Joint Ventures Elimination EBIT KONGSBERG 1,861 (98) — 1,762 Defence Systems 1,107 (7) — 1,100 Missiles & Aerostructures 463 — — 463 Discovery 288 (91) — 196 1.1. - 30.9.26 Revenues incl JV's Joint Ventures Elimination Revenues KONGSBERG 30,951 (1,602) 321 29,670 Defence Systems 14,607 (700) 304 14,211 Missiles & Aerostructures 9,654 — — 9,654 Discovery 6,363 (902) 14 5,474 1.1. - 30.9.26 EBITDA incl Joint Ventures Joint Ventures Elimination EBITDA KONGSBERG 6,268 (339) — 5,929 Defence Systems 2,999 (16) — 2,983 Missiles & Aerostructures 1,849 — — 1,849 Discovery 1,319 (323) — 997 1.1. - 30.9.26 EBIT incl Joint Ventures Joint Ventures Elimination EBIT KONGSBERG 5,067 (226) — 4,841 Defence Systems 2,805 (16) — 2,789 Missiles & Aerostructures 1,418 — — 1,418 Discovery 996 (210) — 787 Order intake is the value of signed customer contracts where KONGSBERG has a delivery commitments to the customer. Order backlog is remaining revenues on signed customer contracts with delivery commitments to the customer. 30.9.26 Order backlog incl Joint Ventures Joint Ventures Elimination KONGSBERG KONGSBERG 174,243 (10,420) 5,965 169,788 Defence Systems 86,893 (7,110) 5,962 85,744 Missiles & Aerostructures 74,823 — — 74,823 Discovery 12,964 (3,310) (2) 9,652 KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 29
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Net interest-bearing debt is the net amount of the accounting lines “Cash and cash equivalents” and “Short- and long-term interest bearing liabilities”. MNOK 30.9.26 30.6.26 31.12.25 Cash and cash equivalents (6,365) (4,859) (20,189) Long- term interest bearing loans 1,000 1,000 1,000 Long-term interest bearing leasing liabilities 2,051 1,737 2,365 Short-term interest-bearing loans 100 100 2,365 Short-term leasing liabilities 326 317 394 Net interest bearing debt (2,888) (1,705) (14,830) Working capital is defined as current assets (except cash and cash equivalents) minus non-interest-bearing liabilities (except taxes payable). Financial instruments classified as cash flow hedges are not included in working capital. 30.9 31.12 31.12 MNOK 2026 2026 2025 Current assets ex assets held for distribution 40,598 37,764 44,572 Current liabilities and provisions ex liabilities held for distribution (46,530) (42,912) (40,716) Adjusted for: Cash and cash equivalents (6,365) (4,859) (20,189) Short-term interest-bearing loans 100 100 1,600 Short-term leasing liabilities 326 317 394 Net tax payable 957 615 738 Financial instruments classified as cash flow hedges (83) (148) 91 Working capital (10,997) (9,124) (13,511) 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 other related costs and any one-off payments in the event of the premature termination of tenancy agreements for premises that are not in use. Book/bill is order intake dividend by revenues. KONGSBERG / Defence Systems / Missiles & Aerostructures / Discovery / Outlook / Numbers & notes KONGSBERG • 3rd quarter 2026 30
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Quarterly report 3rd quarter /preliminay annual accounts 2026 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. kongsberg.com
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Key figures per quarter included Joint Ventures KONGSBERG 2026 2025 2024 MNOK 2026 Q3 Q2 Q1 2025 Q4 Q3 Q2 Q1 2024 Q4 Q3 Q2 Q1 Revenues 30,951 11,328 10,389 9,234 32,752 9,954 7,568 7,915 7,315 25,892 7,435 6,009 5,965 6,482 EBITDA 6,268 2,284 2,050 1,934 6,258 2,079 1,454 1,432 1,293 4,513 1,321 1,106 1,055 1,032 EBITDA (%) 20.3 20.2 19.7 20.9 19.1 20.9 19.2 18.1 17.7 17.4 17.8 18.4 17.7 15.9 EBIT 5,067 1,861 1,669 1,537 4,943 1,712 1,122 1,121 989 3,406 1,014 828 788 776 EBIT (%) 16.4 16.4 16.1 16.6 15.1 17.2 14.8 14.2 13.5 13.2 13.6 13.8 13.2 12.0 Share of net income associated companies 357 158 214 (15) 421 312 69 67 (26) 268 237 (16) 58 (12) Order intake 66,956 23,347 17,067 26,541 59,394 26,208 9,494 11,188 12,504 60,496 35,860 6,398 11,306 6,932 Order backlog 174,243 174,243 157,540 151,975 134,915 134,915 118,550 116,608 113,203 108,383 108,383 79,866 79,366 74,032 DEFENCE SYSTEMS 2026 2025 2024 MNOK 2026 Q3 Q2 Q1 2025 Q4 Q3 Q2 Q1 2024 Q4 Q3 Q2 Q1 Revenues 14,607 5,377 5,092 4,138 14,137 4,555 3,399 3,332 2,851 10,822 2,961 2,553 2,379 2,929 EBITDA 2,999 1,171 967 861 2,874 1,009 610 709 546 2,386 525 687 616 559 EBITDA (%) 20.5 21.8 19.0 20.8 20.3 22.1 18.0 21.3 19.2 22.1 17.7 26.9 25.9 19.1 EBIT 2,805 1,107 902 796 2,629 941 546 652 490 2,180 467 646 558 508 EBIT (%) 19.2 20.6 17.7 19.2 18.6 20.7 16.1 19.6 17.2 20.1 15.8 25.3 23.4 17.4 Order intake 38,549 15,247 2,292 21,010 27,495 18,093 5,500 1,748 2,154 35,494 19,615 2,892 9,075 3,913 Order backlog 86,893 86,893 77,311 80,030 63,460 63,460 49,889 47,758 49,553 50,554 50,554 33,893 33,431 27,595
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MISSILES & AEROSTRUCTURES 2026 2025 2024 MNOK 2026 Q3 Q2 Q1 2025 Q4 Q3 Q2 Q1 2024 Q4 Q3 Q2 Q1 Revenues 9,654 4,004 2,891 2,759 9,808 2,975 2,143 2,432 2,258 7,391 2,360 1,562 1,676 1,793 EBITDA 1,849 630 617 602 2,032 568 448 503 513 1,361 489 288 282 303 EBITDA (%) 19.2 15.7 21.3 21.8 20.7 19.1 20.9 20.7 22.7 18.4 20.7 18.4 16.8 16.9 EBIT 1,418 463 480 475 1,651 454 353 415 429 1,025 403 183 209 231 EBIT (%) 14.7 11.6 16.6 17.2 16.8 15.3 16.5 17.1 19.0 13.9 17.1 11.7 12.5 12.9 Order intake 19,524 4,561 12,201 2,762 20,413 5,312 1,678 6,919 6,503 17,878 13,996 1,692 973 1,217 Order backlog 74,823 74,823 68,063 60,004 60,008 60,008 57,645 58,089 53,613 49,405 49,405 37,770 37,640 38,343 DISCOVERY 2026 2025 2024 MNOK 2026 Q3 Q2 Q1 2025 Q4 Q3 Q2 Q1 2024 Q4 Q3 Q2 Q1 Revenues 6,363 1,968 2,269 2,125 7,908 2,292 1,776 1,874 1,966 6,750 1,860 1,670 1,599 1,621 EBITDA 1,319 400 448 471 1,721 500 415 422 383 1,113 293 306 275 238 EBITDA (%) 20.7 20.3 19.7 22.2 21.8 21.8 23.4 22.5 19.5 16.5 15.8 18.3 17.2 14.7 EBIT 996 288 347 362 1,341 398 319 330 295 812 204 235 205 169 EBIT (%) 15.7 14.6 15.3 17.0 17.0 17.4 18.0 17.6 15.0 12.0 10.9 14.0 12.8 10.4 Order intake 8,397 3,376 2,531 2,490 11,099 3,011 2,384 2,206 3,498 7,033 2,237 1,718 1,375 1,703 Order backlog 12,964 12,964 11,578 11,270 11,160 11,160 10,430 9,850 9,485 7,999 7,999 7,622 7,581 7,804 Due to eliminations and that Kongsberg Digital, Property, Kongsberg IT and Corporate functions are not included, the sum of the divisions does not add up to company.
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Key figures per quarter without Joint Ventures KONGSBERG 2026 2025 2024 MNOK 2026 Q3 Q2 Q1 2025 Q4 Q3 Q2 Q1 2024 Q4 Q3 Q2 Q1 Revenues 29,670 10,842 9,887 8,940 31,562 9,593 7,307 7,630 7,032 24,648 7,092 5,653 5,688 6,216 EBITDA 5,929 2,152 1,934 1,843 5,876 1,974 1,353 1,338 1,211 4,180 1,243 1,019 973 945 EBITDA (%) 20.0 20.0 19.6 20.6 18.6 20.6 18.5 17.5 17.2 17.0 17.5 18.0 17.1 15.2 EBIT 4,841 1,762 1,588 1,491 4,694 1,642 1,052 1,061 940 3,197 971 773 735 717 EBIT (%) 16.3 16.0 16.1 16.7 14.9 17.1 14.4 13.9 13.4 13.0 13.7 13.7 12.9 11.5 Share of net income associated companies 537 229 284 24 617 369 124 112 14 447 280 32 97 37 Order intake 65,788 22,923 16,561 26,305 56,750 24,333 9,314 10,867 12,237 59,563 35,668 6,099 11,210 6,586 Order backlog 169,788 169,788 152,756 147,257 129,683 129,683 114,863 112,858 109,595 104,617 104,617 75,959 75,573 69,910 DEFENCE SYSTEMS 2026 2025 2024 MNOK 2026 Q3 Q2 Q1 2025 Q4 Q3 Q2 Q1 2024 Q4 Q3 Q2 Q1 Revenues 14,211 5,209 4,886 4,116 14,018 4,491 3,382 3,317 2,829 10,630 2,890 2,463 2,365 2,912 EBITDA 2,983 1,164 958 862 2,866 1,002 610 710 544 2,369 519 687 614 549 EBITDA (%) 21.0 22.0 19.6 20.9 20.4 22.3 18.1 21.4 19.2 22.3 18.0 27.9 26.0 18.9 EBIT 2,789 1,100 892 797 2,621 935 546 653 487 2,163 462 646 557 499 EBIT (%) 19.6 21.0 18.3 19.4 18.7 20.8 16.1 19.7 17.2 20.3 16.0 26.2 23.5 17.1 Order intake 38,587 15,247 2,330 21,010 26,228 16,896 5,500 1,752 2,080 35,470 19,685 2,892 9,075 3,819 Order backlog 85,744 85,744 75,726 78,268 61,220 61,220 48,813 46,683 48,564 49,473 49,473 32,681 32,300 26,303
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MISSILES & AEROSTRUCTURES 2026 2025 2024 MNOK 2026 Q3 Q2 Q1 2025 Q4 Q3 Q2 Q1 2024 Q4 Q3 Q2 Q1 Revenues 9,654 4,004 2,891 2,759 9,808 2,975 2,143 2,432 2,258 7,391 2,360 1,562 1,676 1,793 EBITDA 1,849 630 617 602 2,032 568 448 503 513 1,361 489 288 282 303 EBITDA (%) 19.2 15.7 21.3 21.8 20.7 19.1 20.9 20.7 22.7 18.4 20.7 18.4 16.8 16.9 EBIT 1,418 463 480 475 1,651 454 353 415 429 1,025 403 183 209 231 EBIT (%) 14.7 11.6 16.6 17.2 16.8 15.3 16.5 17.1 19.0 13.9 17.1 11.7 12.5 12.9 Order intake 19,524 4,561 12,201 2,762 20,413 5,312 1,678 6,919 6,503 17,878 13,996 1,692 973 1,217 Order backlog 74,823 74,823 68,063 60,004 60,008 60,008 57,645 58,089 53,613 49,405 49,405 37,770 37,640 38,343 DISCOVERY 2026 2025 2024 MNOK 2026 Q3 Q2 Q1 2025 Q4 Q3 Q2 Q1 2024 Q4 Q3 Q2 Q1 Revenues 5,474 1,650 1,973 1,851 6,838 1,995 1,532 1,605 1,706 5,699 1,588 1,404 1,335 1,372 EBITDA 997 276 342 379 1,347 402 314 326 304 798 221 221 195 161 EBITDA (%) 18.2 17.0 17.3 20.5 19.7 20.2 20.5 20.3 17.8 14.0 13.9 15.7 14.6 11.8 EBIT 787 196 275 315 1,100 334 249 269 248 620 167 180 154 120 EBIT (%) 14.4 12.0 14.0 17.0 16.1 16.8 16.3 16.8 14.5 10.9 10.5 12.8 11.5 8.7 Order intake 7,189 2,951 1,986 2,253 9,723 2,333 2,204 1,881 3,304 6,123 1,975 1,418 1,280 1,451 Order backlog 9,652 9,652 8,373 8,309 8,168 8,168 7,820 7,175 6,865 5,314 5,314 4,926 4,918 4,974 Due to eliminations and that Kongsberg Digital, Property, Kongsberg IT and Corporate functions are not included, the sum of the divisions does not add up to company.