Kongsberg Gruppen

Investor Presentation • Jul 9, 2025

Investor presentation Q2 2025

Geir Håøy, President & CEO Mette Toft Bjørgen, EVP & Group CFO

KONGSBERG PROPRIETARY: This document contains KONGSBERG information which is proprietary and confidential. Any disclosure, copying, distribution or use is prohibited if not otherwise explicitly agreed with KONGSBERG in writing. Any authorised reproduction in whole or in part, must include this legend. © 2025 KONGSBERG – All rights reserved.

NATO SUMMIT

OCEAN SPACE

BUSINESS UPDATE Q2

Strong market position

Kongsberg Maritime

Vessel contracting is forecasted to see a relatively steep decline between '24-'25…

… however, the market size for KM's typical scope remains firm

Kongsberg Defence & Aerospace

Kongsberg Discovery

Oslofjord CMI Protection Test Bed

See Statement of Proprietary information

BUSINESS UPDATE Q2 Solid order intake

Backlog distribution by time of delivery New build order intake increased 40% YoY in H1 2025 Kongsberg Maritime 28% 17% 15% 11% 11% 6% Offshore LNG Seaborn Naval Tug Pax 4% OPU 3% Offshore Wind 3% Fishery & SP 2% Other 36% 41% 23% Q2 25 2025 2026 2027 + futher 26.2

Financial status

Mette Toft Bjørgen, EVP & Group CFO

KONGSBERG PROPRIETARY: This document contains KONGSBERG information which is proprietary and confidential. Any disclosure, copying, distribution or use is prohibited if not otherwise explicitly agreed with KONGSBERG in writing. Any authorised reproduction in whole or in part, must include this legend. © 2025 KONGSBERG – All rights reserved.

2025 – YEAR TO DATE

Revenues

REVENUES

Growth driven by Kongsberg Defence & Aerospace

Amounts in NOK bn

See Statement of Proprietary information

EBIT and EBIT margin

Solid execution and favourable project mix

Amounts in NOK bn

Dividend and fluctuation in NWC

Amounts in NOK bn

Net working capital per Business Area

Improved margins in associated companies

*Share of net income from Patria is recognized as follows during the quarters: Q1: Jan-Feb, Q2: Mar-May, Q3: Jun-Aug and Q4: Sep-Des. Quarterly split of revenues and EBIT are presented with the corresponding periodization.

OUTLOOK

Continue to see overall strong demand

• A product portfolio and positioning enabling a frontrunner position in the maritime transformation
• Persistent high activity in aftermarket
• Increased technology content on overall fleet drives demand

• Continued marketing, tendering and negotiations related to multiple programs
• International capacity expansion to meet demand
• Particularly strong demand for missiles and air defence

• Significant demand from areas such as fishery, marine research operations, energy, naval and surveillance
• Solid backlog and strong positions in growing markets

Solid balance sheet and NOK 138.8bn in order backlog, whereof NOK 22.2bn is for delivery in 2025