poLight ASA - approaching commercial milestones and building the organisation for future business

KEY EVENTS in the third quarter:

• A third follow-on TLens® purchase order, with a total value of approximately NOK 0.8 million, was received in connection with the same AR|MR customer as announced on 7 April and 20 May 2026 (10 July 2026).
• poLight now considers the customer case described above to be a design-in.
• Follow-on purchase order for TWedge® Wobulation Technology Technical Samples for AR|MR Use from a Leading Consumer OEM worth approximately NOK 1.2 million (21 September 2026).
• Repeat order for barcode application worth approximate NOK 0.6 million, (22 September 2026).
• Design-in related to the first industrial humanoid application. An initial smaller purchase order received (24 September 2026).

Post Q3:

• Post-quarter one new consumer AR|MR case is now defined as design-in; and
• a TLens® follow-on purchase order worth approximately NOK 0.5 million for material to be used for final qualification was received by our distributor recently.

Tønsberg, 29 October 2026 – poLight ASA (OSE: PLT) today announced its results for Q3 2026.

“Although poLight’s revenue in the quarter was low, and a fraction down on the same period last year, market activity remains buoyant. This is being driven by maturing consumer-related projects with a strong focus on AR|MR applications. We continue to see our product and technology platform recognised for its key advantages, its ability to address important customer pain points and its potential to enhance the user experience in future AR|MR devices.

AR|MR is not the only area offering opportunities, we also see attractive potential in the industrial segment and interest in TWedge® remains strong. A small number of OEMs are testing and qualifying TWedge® for potential use in future AR|MR display solutions. The target remains to bring this technology to market in close cooperation with selected OEMs, and to secure NRE funding over and above income from selling samples. To support the opportunities ahead, we are gradually strengthening capacity and capabilities across the organisation.

These efforts will increase operational costs, but are necessary to build long-term shareholder value and strengthen poLight’s position as a leader in next-generation optical solutions across multiple market segments, with particular emphasis on AR|MR,” explains Dr Øyvind Isaksen, CEO of poLight.

EBITDA totalled NOK -28.9 million in Q3 2026, compared with NOK -29.1 million in Q3 2025.

As at 30 September 2026, poLight had cash and cash equivalents totalling NOK 224.6 million, compared with NOK 284.0 million as at 31 December 2025.

Q3 report and presentation
Please find the report and presentation for Q3 2026 enclosed. They are also available for download on www.polight.com.

Presentation and webcast
CEO Dr Øyvind Isaksen and CFO Joakim Hines Bredahl will present the company’s results today at 09:00 CET at Hotel Continental, Stortingsgaten 24/26, in Oslo, Norway. You can also watch the Q3 2026 results presentation through a live webcast by clicking here:
poLight Webcast Q3 2026

The presentation and supporting material will be given in English.

A recorded version of the webcast will be made available on www.polight.com shortly after the broadcast has been concluded.