NORBIT - Results for the third quarter of 2025

13 Nov 2025 07:00 CET

Trondheim, 13 November 2025:

In the third quarter, NORBIT delivered revenues of NOK 505.4 million, an
increase of 36 per cent compared to the corresponding quarter of 2024. The
reported EBIT result was NOK 75.4 million, representing a margin of 15 per cent.

For the first nine months of the year, NORBIT delivered revenues of NOK 1 711.5
million, up 43 per cent from the same period last year, while the EBIT result
was NOK 377.0 million, up 92 per cent from the corresponding period of 2024.

* The Oceans segment reported revenues of NOK 192.4 million, a 22 per cent
increase from the third quarter of 2024, driven by strong sonar sales. The
EBIT margin for the segment was 21 per cent.
* The Connectivity segment reported revenues of NOK 107.5 million, a decline
of 3 per cent, and an EBIT margin of 15 per cent. The decline was due to
lower deliveries of On-Board Units, with some orders being postponed to the
fourth quarter.
* The Product Innovation & Realization (PIR) segment reported 96 per cent
revenue growth to NOK 224.1 million, and an EBIT margin of 18 per cent. The
increase was largely due to stronger demand from the defence and security
sector.

"It is encouraging to see that customers continue to show strong trust in
NORBIT. The third quarter typically has somewhat lower activity, yet after the
first nine months we have already reached revenue levels comparable to the full
year of 2024, with an accumulated EBIT result that is almost double compared to
the same period in 2024. We are moving with good momentum towards another record
year - above the targets set at the beginning of the year - in line with the
higher ambition announced after the second quarter", says Per Jørgen
Weisethaunet, CEO of NORBIT.

Considering the outlook, the strong balance sheet and financial position of
NORBIT, the board of directors decided to resolve an extraordinary dividend of
NOK 3.00 per share based on the financial year 2024, bringing the total dividend
to NOK 6.00 per share for the said year.

The outlook for NORBIT remains positive, with full-year revenues are expected to
end up between NOK 2.5 and NOK 2.6 billion, while the EBIT margin is forecasted
to be between 24 and 25 per cent for the year.

"The progress we are delivering this year provides strong momentum heading into
2026. As we continue to grow and deliver on what our customers expect from us,
we are being entrusted with larger and more significant assignments. This
confirms our strategy - built on market-driven innovation and a corporate
culture where our colleagues are truly committed to our core value number one:
We deliver. This gives us confidence to continue to Explore More while
maintaining our focus on profitable growth", says Weisethaunet.

Attached is the report for the third quarter and the presentation material.

CEO Per Jørgen Weisethaunet and CFO Per Kristian Reppe will present the results
at 08:00 am CET. Please use the following link to register for the webcast:
https://channel.royalcast.com/landingpage/hegnarmedia/20251113_6/

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 650 employees, and a
worldwide sales and distribution platform.

For more information: www.norbit.com (http://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, 13 November 2025 at 07.00 CET.

More information:
Access the news on Oslo Bors NewsWeb site

659509_NORBIT Q3 2025 Report.pdf
659509_NORBIT Q3 2025 Presentation.pdf