All business areas reported higher operating revenues compared to the previous year. Growth was driven by increased deliveries of missiles, air defence systems, and other defence technologies, continued high activity within maritime newbuilding and aftermarket services, and strong demand for subsea and sensor-based solutions. The breadth of our activities, combined with a historically long order horizon, has made KONGSBERG more resilient to short-term market fluctuations and well positioned for long-term value creation.
At year-end 2025, our order backlog stood at a record NOK 157 billion. This underlines the strong confidence placed in KONGSBERG across our markets. At the same time, we view this position with a strong sense of responsibility for delivering on the commitments we have made to our customers.
The defence market remained particularly strong in 2025. Several countries made significant investments in air defence, naval systems, and secure communication solutions. During the fourth quarter, we signed a number of important contracts with customers in Norway, Denmark, Sweden, Germany, Japan, the Netherlands, and the United States. These included additional deliveries of air defence systems, missiles, coastal defence systems, remote weapon stations, submarine combat and navigation systems, and communications. Together, these contracts highlight the trust placed in KONGSBERG as a long-term partner for national defence and security.
Annual Report 2025: Committed to Perform
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To meet growing demand, we continued to invest in increased capacity and industrial capability. During the year, we progressed major expansion initiatives in several markets and prepared further investments to support higher production volumes and shorter delivery times. Beyond capacity expansion, we made significant investments in product development. Together with strategic partnerships and technological collaboration, this strengthened innovation across the portfolio.
In the maritime and ocean domains, demand for energy-efficient, advanced, and digitally enabled solutions remained strong. Despite lower overall vessel ordering compared to the previous year, the composition of the order book continued to develop favourably, with a higher share of advanced vessels and systems.
The maritime industry is undergoing one of the most significant transformations in its history. Three drivers dominate: decarbonization, digitalization and automation. Regulations and governmental requirements are accelerating the shift toward lower‑emission fuels and more energy‑efficient vessel designs. At the same time, digital technologies such as data integration, remote operations and AI‑driven optimization are redefining performance, safety and lifecycle management. This development is favourable for Kongsberg Maritime.
In 2025, we continued our efforts to build competence in sustainability work across our business areas. This was important to ensure higher quality environmental and climate data, strengthen ownership of the transition within the business areas, and reinforce our position as a preferred partner in the energy transition. Over the course of the year, all business areas either initiated or completed their own transition plans, which will help improve the quality and pace of our sustainability work, both internally and in our engagement with customers.
It has been a privilege to lead Kongsberg Gruppen through a period of significant development and change.
In October, we proposed a new corporate structure to strengthen KONGSBERG’s long-term positioning. To further consolidate KONGSBERG’s position within these substantial opportunities, we assessed that focused and specialized businesses will be best suited. As a result, it was proposed that Kongsberg Maritime be listed as an independent maritime technology company. Furthermore, Kongsberg Defence & Aerospace and Kongsberg Discovery will be consolidated into a single technology- and defence-focused KONGSBERG. The separation of Kongsberg Maritime was approved by the Group’s extraordinary general meeting in January 2026.
As I conclude my time as President and CEO of KONGSBERG, I would like to express my sincere thanks to all colleagues across the organisation for their commitment and dedication. I am also grateful to our Board, our customers, partners, suppliers, and owners for the trust and cooperation that have characterised our work together.
It has been a privilege to lead KONGSBERG through a period of significant development and change, and I am confident that the two new companies are well positioned to create long-term value in a world where security and technology, together with responsibility, are high on the agenda.