Kongsberg Gruppen ASA (KBGGY) Q4 2025 Earnings Call Transcript

Jan Erik Hoff
Group Vice President Investor Relations & Sustainability

[Audio Gap] As well as Executive Vice President and Chief Financial Officer, Mette Toft Bjorgen. Later today, you will also have the opportunity to follow company presentations of Kongsberg Maritime and Kongsberg following the demerger — the announced demerger. At 09:30 Central European Time, incoming CEO, Lisa Edvardsen Haugan, will present Kongsberg Maritime; and at 10:15, incoming CEO, Eirik Lie, will present Kongsberg going forward. But before that, let’s dive into the Q4 figures. Geir, the floor is yours.

Geir Haoy
President & CEO

Good morning, everyone. Thank you for joining us here today. It’s a real pleasure to welcome you all to this presentation for the Q4 and 2025 results. This is the last quarter we will present Kongsberg as we know it and also the last time I will have the pleasure of presenting the quarterly highlights of the group.

We find ourselves in extraordinary time, packed with both challenges and exciting opportunities. The current geopolitical and economic landscape is undergoing profound transformation with shifting alliances and rebalancing of power, shaping a new world order. As the global tension rise and competition intensifies between the major economic and military powers, the necessity for the adaptability and foresight has never been greater.

In this environment, where tariffs and trade are constantly on the agenda, the interplay between national and regional interest, technological advancement and international cooperation is redefined the rules of engagement and presenting both new risk, opportunities for growth and innovation for a company like Kongsberg. The new security situation in Europe marked