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Kongsberg Gruppen
Kongsberg Gruppen (KOG) investor relations material
Kongsberg Gruppen Q4 2025 (Q&A) earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 (Q&A) earnings summary6 Feb, 2026
Executive summary
2025 saw strong growth, high profitability, and record order intake, with a backlog exceeding NOK 157 billion, setting a robust foundation for future development.
International operations now account for 80-90% of business, reflecting a major shift from domestic focus over the past decade.
The demerger of Kongsberg Maritime was approved, with plans to list it independently in April 2026; financials now reflect continuing operations (Defence & Aerospace, Discovery).
Strategic partnerships, joint ventures, and acquisitions such as Zone 5 and Sonatech are central to expanding market reach and capabilities.
Demand remains high across all business areas, driven by global security needs, sustainability trends, and rapid innovation.
Financial highlights
Revenues reached NOK 58.6bn in 2025, up 17% year-over-year, with EBIT of NOK 9.3bn and an adjusted EBIT margin of 13.3%.
Order backlog grew to NOK 157.4bn, up 23% from the previous year, with book-to-bill ratio at 1.53.
Q4 revenues for continuing operations were NOK 9,593 million, up 35% YoY; EBIT margin 17.1%.
Revenues have tripled over the past decade, with stable margins around 15%.
Proposed total dividend for 2025 is NOK 5.01 billion (NOK 5.70/share), including an extraordinary component.
Outlook and guidance
Strong demand and robust backlogs are expected to continue, with NOK 30 billion scheduled for delivery in 2026.
Defence & Aerospace and Discovery segments anticipate continued growth from multiple programs and market demand.
Guidance for KDA growth in 2026 is 20%-32%, factoring in the recent Poland contract.
Main deliveries for the NOK 16 billion Poland counter-UAS contract will occur in 2027, with some extending into 2028.
Post-demerger strategic priorities for KONGSBERG
KDA capacity expansion impact on 2026+ deliveries
KD's shift to defense: long-term growth drivers?
Supply chain strategy for sustained growth
Explain stable margins despite revenue tripling
Future growth drivers: deep sea, space, new missiles
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Next Kongsberg Gruppen earnings date
Q1 20267 May, 2026
Kongsberg Gruppen
Next Kongsberg Gruppen earnings date
Q1 20267 May, 2026
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Frequently asked questions
Kongsberg Gruppen ASA, provides high-tech systems and solutions to customers in the maritime, defense, and oil and gas industries worldwide. It offers navigational, positioning and automation products for ships through KONGSBERG MARITIME; commercial piping systems for the offshore industry; a range of technology, products and services to control seismic, drilling and well operations through KONGSBERG OIL AND GAS TECHNOLOGIES; integrated command and control systems for naval vessels through KONGSBERG DEFENSE SYSTEMS; systems that support mission-critical situations at sea or ashore, including military communications and electronic warfare equipment; simulation and training products, services and solutions in the global defence industry through KONGSBERG PROTECH SYSTEMS.
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