NORBIT - Results for the second quarter 2025

14 Aug 2025 07:00 CEST

Trondheim, 14 August 2025: In the second quarter, NORBIT recorded revenues of
NOK 684.4 million, an increase of 63 per cent from the corresponding quarter of
2024. The EBIT result was NOK 174.2 million, representing a margin of 25 per
cent. Diluted earnings per share were NOK 2.06 for the second quarter, up from
NOK 1.20 one year earlier.

* The Oceans segment delivered revenues of NOK 239.4 million, an increase of 22
per cent from the same quarter in 2024 supported by strong sonar sales. The EBIT
margin was 36 per cent.

* The Connectivity segment reported NOK 169.8 million in revenues, an increase
of 67 per cent from second quarter 2024, and an EBIT margin of 32 per cent.

* The Product Innovation & Realization (PIR) segment saw revenues of 293.1
million, corresponding to a growth of 118 per cent from the same period of 2024
due to strong demand from the defence and security sector. The EBIT margin was
20 per cent.

"With another record-breaking quarter behind us, NORBIT colleagues across all
segments have once again demonstrated the strength of our core value #1: We
deliver! By delivering tailored technology to selected applications across
segments, markets and geographies, we have built a well-diversified business
that provides a strong foundation for continued profitable growth", says Per
Jørgen Weisethaunet, CEO of NORBIT.

"We are driven by a development-oriented mindset, where preparedness and
scalability remain daily priorities as we gear up for continued growth. Also
this quarter, we identified improvement opportunities - both within our own
organization and in collaboration with key partners across the value chains in
which we operate. The experience we carry forward strengthens our ability to
scale and allows us to raise our ambitions further. With strong demand,
dedicated teams and a growth-oriented mindset, NORBIT is equipped to Explore
More", says Weisethaunet.

The outlook for NORBIT remains positive, supported by continued high activity in
all three business segments. After a record first half of the year, where NORBIT
reported revenue growth of 46 per cent and an EBIT margin of 25 per cent, the
targets for the year are increased. Based on current outlook, the revenue target
for 2025 is raised to NOK 2.5 - 2.6 billion from NOK 2.2 - 2.3 billion earlier,
while the EBIT margin is forecasted to around 25 per cent.

Attached is the report for the first half-year and the presentation material.

CEO Per Jørgen Weisethaunet and CFO Per Kristian Reppe will present the results
at 09:00 am CEST. Participants are welcome to join the event at SpareBank 1
Markets in Olav Vs gate 5, Oslo, or to follow the event via webcast. Please use
the following link to register for the webcast:
https://channel.royalcast.com/landingpage/hegnarmedia/20250814_11/

For further queries, please contact:

Per Jørgen Weisethaunet, CEO, +47 959 62 915
Per Kristian Reppe, CFO, +47 900 33 203

About NORBIT ASA

NORBIT is a global provider of tailored technology to selected applications,
solving challenges and promoting sustainability through innovative solutions, in
line with its mission to Explore More. The company is structured in three
business segments to address its key markets: Oceans, Connectivity and Product
Innovation & Realization. The Oceans segment delivers tailored technology
solutions to global maritime markets. The Connectivity segment provides wireless
solutions for identification, monitoring and tracking. The Product Innovation &
Realization segment offers R&D services, proprietary products, and contract
manufacturing to key customers. NORBIT is headquartered in Trondheim with
manufacturing in Europe and North America, has around 600 employees, and a
worldwide sales and distribution platform.

For more information: www.norbit.com

This information counts as insider information and must be disclosed in
accordance with the Market Abuse Regulation and the Norwegian Securities Trading
Act §5-12. This stock exchange announcement was published by Elise Heidenreich,
Investor Relations in NORBIT ASA, 14 August 2025 at 07.00 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

652748_NORBIT Q2 2025 Presentation.pdf
652748_NORBIT Q2 2025 Report.pdf