Kitron raises outlook on defence super cycle as Q4 delivers record results

12 Feb 2026 07:00 CET

(2026-02-12) Kitron today reported record quarterly revenue and operating
profit, driven by accelerating demand in the Defence/Aerospace market sector. An
all-time high order backlog also provides strong visibility for 2026.

Kitron's revenue for the fourth quarter was EUR 233.8 million, an increase of
46 per cent from 160.6 million in the same quarter last year. The
Defence/Aerospace market sector continued to show particularly strong growth.

Fourth-quarter operating profit (EBIT) was EUR 22.5 million, compared with 11.8
million in the same quarter last year. Profitability expressed as EBIT margin
was 9.6 per cent, compared with 7.3 per cent in the same quarter last year. This
is in line with the strategic target of maintaining an EBIT margin above 9 per
cent.

The order backlog ended at an all-time high of EUR 709.3 million, an increase of
50 per cent compared with last year and 19 per cent compared with the third
quarter of 2025.

Peter Nilsson, Kitron's CEO, comments:
"In the fourth quarter, we delivered a step-up in revenue and margins, generated
solid cash flow, and ended the year with a record order backlog. We also
continued to strengthen our industrial platform through capacity expansions and
the acquisition of DeltaNordic. With a high-quality backlog, a disciplined cash
culture, and a flexible multi-regional platform, Kitron is well-positioned for
the next growth phase."

Profit after tax amounted to EUR 17.2 million, compared with 4.9 million in the
same quarter of the previous year. This corresponds to earnings per share of EUR
0.08, up from 0.02 last year. For the full year 2025, earnings per share were
EUR 0.22, up from 0.14 in 2024.

Dividend
The board proposes an ordinary dividend of NOK 0.70 per share (NOK 0.35).

Outlook
Kitron is raising its outlook for 2026. Due to increased demand within defence
and data center expansion, Kitron now expects revenue to be between EUR 900 and
1050 million. Operating profit (EBIT) is expected to be between EUR 84 and 108
million. The previous outlook was for revenue between EUR 855 and 943 million,
with an operating profit (EBIT) between EUR 77 and 93 million.

The quarterly report and presentation are attached. The interim report is
presented today at 8.30 a.m. CET by CEO Peter Nilsson and CFO Cathrin Nylander.
It will be webcast at the following link:
https://qcnl.tv/p/OqOPiiNG5Y1jvTgmYPwMEQ

For further information, please contact:
Peter Nilsson, President and CEO, tel. +47 94 84 08 50
Cathrin Nylander, CFO, tel. +47 900 43 284
E-mail: investorrelations@kitron.com (mailto:investorrelations@kitron.com)

Kitron is a leading Scandinavian electronics manufacturing services company for
the Connectivity, Electrification, Industry, Medical devices and
Defence/Aerospace sectors. The group has operations located in Norway, Sweden,
Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China
and the United States. Kitron has more than 3 000 employees, and revenues were
EUR 738 million in 2025.

www.kitron.com (https://www.kitron.com)

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act. The stock
exchange announcement was published by Cathrin Nylander, CFO of Kitron ASA, at
the time and date stated above in this announcement.

More information:
Access the news on Oslo Bors NewsWeb site

665494_Kitron 2025 Q4 Report.pdf
665494_Kitron 2025 Q4 Presentation.pdf