Kongsberg Gruppen reported strong Q3 2025 results, with revenues up 12% year-on-year to NOK 13.3 billion and EBIT reaching NOK 2 billion, yielding a 15.2% margin. The company also announced a significant strategic proposal to demerge Kongsberg Maritime, intending to list it as a separate entity on the Oslo Stock Exchange, while Kongsberg Defence & Aerospace and Kongsberg Discovery will continue as a combined technology and defense company. Performance was notably driven by Kongsberg Defence & Aerospace, which saw 38% revenue growth and a substantial European defense backlog, while Kongsberg Maritime, despite a slight revenue decline (underlying 2% growth), holds a record order backlog expected to accelerate revenue growth in 2026. The group's total order backlog reached a record NOK 142 billion, underscoring robust demand across its defense, maritime, and discovery segments amid global geopolitical shifts and energy transition.
Kongsberg Gruppen reported a robust Q3 2025, with total revenues increasing 12% year-over-year to NOK 13.3 billion and EBIT reaching NOK 2 billion, representing a 15.2% margin. Concurrently, the Board proposed a significant strategic demerger of Kongsberg Maritime, intending to list it separately on the Oslo Stock Exchange, while Kongsberg Defence & Aerospace and Kongsberg Discovery will continue as a focused technology and defense company. This move aims to enhance competitive strength and navigation capabilities in a landscape characterized by increased geopolitical tension and sustainability demands. Kongsberg Defence & Aerospace was a primary growth driver, achieving an impressive 38% revenue increase, fueled by missile projects and air defense systems, with 72% of its substantial backlog destined for European customers. Kongsberg Maritime, despite a 1% revenue decline (underlying 2% growth adjusted for portfolio changes), secured a record order backlog, with newbuild order intake up 46% year-to-date, signaling expected revenue growth acceleration in 2026. The shift in Maritime's sales mix towards newbuilds, which have longer conversion times, temporarily impacted current quarter revenue. The group's total order backlog reached a record NOK 142 billion, with NOK 14 billion already secured for Q4 2025, indicating continued strong performance. Kongsberg Discovery also showed strong order intake, up 27% year-to-date, and improved margins, driven by favorable project mix and execution. The solid cash position of NOK 15.76 billion supports ongoing capacity expansion investments.
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