Kongsberg Maritime Q1 2026: Solid operations and good order intake

06 May 2026 06:30 CEST

Kongsberg Maritime ASA (OSE: KMAR) today announced its first quarterly results
as an independent listed company, following its separation from KONGSBERG on
23 April 2026.

The company delivered solid performance in the first quarter of 2026,
supported by strong newbuild activity, a robust order backlog, and continued
demand for energy and cost-efficient maritime solutions.

"This quarter marks an important milestone for Kongsberg Maritime as we
present our first standalone results. Despite a more uncertain global
environment, we delivered solid performance supported by strong newbuild
activity and a robust backlog. We remain confident in our strategy and our
ability to create long-term value," said CEO Lisa Edvardsen Haugan.

Key financial highlights

* Order backlog: MNOK 27,851
* Revenues: MNOK 6,649
* EBITDA: MNOK 893
* EBITDA margin: 13.4%
* Order intake: MNOK 7,502
* Book-to-bill: 1.13

Operational highlights
Kongsberg Maritime reported strong momentum in its newbuild business, with
revenues from newbuild deliveries increasing by approximately 20% compared to
Q1 2025. Order intake for newbuilds remained strong, with a book-to-bill ratio
of 1.26 in the quarter. The offshore segment was the primary driver of order
intake, supported by tug and cargo vessel demand.

Deliveries to the aftermarket decreased in the first quarter. This part of the
business is impacted by shorter term cycles and tend to react rapidly when
framework conditions are changing. The company's diversified exposure across
vessel segments continues to provide resilience against cyclical fluctuations.

"The underlying drivers both in the aftermarket and newbuild market remain
intact and we see strong demand in the medium to long term perspective", said
Edvardsen Haugan.

"I would like to take this opportunity to extend my sincere thanks to our
employees and partners for their extraordinary efforts in bringing Kongsberg
Maritime to the stock exchange in just six months. This achievement reflects
the same dedication, competence, and teamwork that have secured a leading
position in our markets year after year", Edvardsen Haugan added.

Additional Information
Kongsberg Maritime will present the results for the 1st quarter of 2026 on
Wednesday 6 May at 07:15 CEST. The presentation will be delivered through a
live webcast at https://www.kongsbergmaritime.com. The presentation will be
held in English and it will possible to ask questions online.

Kongsberg Maritime will host its Capital Markets Day on 9 June 2026, where the
company will present its strategic priorities and long-term ambitions.

About Us
Kongsberg Maritime is a global leader in maritime technology.

We deliver advanced solutions to merchant, offshore, fishing, and naval
vessels, setting new standards for safe, efficient, and sustainable operations
- both for new builds and existing fleets. In close collaboration with
customers and research environments, we develop technology that solves real
challenges at sea.

Today, over 30,000 vessels operate with our systems on board.

Kongsberg Maritime has over 8,300 employees in 35 countries.

More information:
Access the news on Oslo Bors NewsWeb site

672441_Q126 Presentation.pdf
672441_KMAR Quarterly Report Q126.pdf