Kongsberg Maritime Q2 2026: Record-high backlog and strong newbuild execution

13 Jul 2026 06:30 CEST

Kongsberg Maritime ASA (OSE: KMAR) today announced its results for the second
quarter of 2026. A record-high order backlog driven by strong newbuild order
intake and execution contributed to a solid quarter.

In the quarter, newbuild activity increased by 9%, and by 12% year-to-date. At
the same time, the order backlog reached a record high.

"I am satisfied with the result, which is well in line with the outlook we
presented at Capital Markets Day in June," says Lisa Edvardsen Haugan,
President and CEO of Kongsberg Maritime.

"The wider market picture is good. Ordering activity in shipyards is well
above last year, supporting further strong tailwinds. This provides solid
prospects for us going forward," Edvardsen Haugan says.

Key financial highlights Q2

* Order backlog: MNOK 28,406
* Revenues: MNOK 6,651
* EBITDA: MNOK 830
* EBITDA margin: 12.5%
* Order intake: MNOK 7,231
* Book-to-bill: 1.09

Operational highlights
On the newbuild order intake side, the year-to-date mix for Kongsberg Maritime
is led by Offshore Energy, followed by Naval & Government, Cargo and Tug. This
provides balanced exposure across key vessel segments. In H1, the company had
a book-to-bill ratio of 1.25 in newbuilds.

"Our broad portfolio and exposure across vessel segments and throughout the
vessel lifecycle are important strengths for us. The markets we operate in are
often among the first to feel changes in the macro environment, and
diversification is key to our success," Edvardsen Haugan says.

The backlog increased by MNOK 555 from Q1 2026 to MNOK 28,406. With 87% of the
backlog linked to newbuild deliveries, the company has good visibility in this
part of the business.

"On the aftermarket side, customer decisions remain slower, especially for
larger upgrade projects. However, we now see Q2 revenues coming in slightly
higher than in Q1 this year," she adds.

Acquiring Berg Propulsion
Yesterday, Kongsberg Maritime announced an agreement to acquire the Swedish
company Berg Propulsion AB, a leading designer and manufacturer of integrated
propulsion and electrical systems for the marine market.

The acquisition represents a strategic step in strengthening Kongsberg
Maritime's propulsion portfolio. Berg Propulsion is a well-established player
delivering complete propulsion solutions and has demonstrated strong growth
and a profitable market position in recent years.

"The acquisition is central to our growth plan and strengthens our ability to
serve a broader range of customers and vessel segments. Berg Propulsion
complements our portfolio in a highly attractive way," says Lisa Edvardsen
Haugan, President and CEO of Kongsberg Maritime.

Additional Information
Kongsberg Maritime will present the results for the second quarter of 2026 on
Monday 13 July at 07:30 CEST. The presentation will be available as a live
webcast at https://www.kongsbergmaritime.com. The presentation will be held in
English, and participants will be able to ask questions online.

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

678037_KMAR Financial Report Q226.pdf
678037_KMAR Financial Presentation Q226.pdf