poLight ASA - revenue growth first half-year and significant commercial milestone reached

KEY EVENTS in the second quarter:

• Follow-on purchase order for TLens®, with a total value of approximately NOK 2.4 million, received from a consumer OEM for augmented/mixed reality (AR|MR) use. (7 April 2026)
• The same customer placed an additional purchase order worth approximately NOK 0.8 million. (20 May 2026)
• A follow-on purchase order worth NOK 0.7 million was received in connection with an ongoing qualification programme for a potential consumer product. See also related announcements dated 11 February 2026 and 6 August 2025. (18 June 2026)
• Towards the end of the quarter, the first camera modules related to the project announced on 13 October 2025 were tested and shipped to the customer for validation.
• Tunable optics products for industrial, machine vision and robotics applications were highlighted at Automate 2026. (June 2026)

Post Q2:

• A third follow-on TLens® purchase order, with a total value of approximately NOK 0.8 million, was received in connection with the same customer case as announced on 7 April and 20 May 2026. (10 July 2026). poLight now regards this case as a design-in.

Tønsberg, 6 August 2026 - poLight ASA (OSE: PLT) today announced its results for Q2 2026.

"Revenue was somewhat lower than in the previous quarter, but significantly higher than in the same period last year. More importantly, market activity remains high, driven by maturing consumer-related projects with a strong focus on AR|MR applications. As previously noted, several consumer AR|MR cases are maturing, with one case now also regarded as a design-in. This brings hope that 2026 may become the year in which poLight technology starts shipping in a consumer AR|MR product. Such a move would represent a major milestone for the company and provide a strong foundation for future growth.

To fully capture the opportunities in poLight’s expanding landscape, it will be essential to continue investing in customer engagement and support, innovation, strategic partnerships and organisational development. These efforts will increase operational costs, but are necessary to build long-term shareholder value by strengthening 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 -33.1 million in Q2 2026, compared with NOK -29.5 million in Q2 2025.

As at 30 June 2026, poLight had cash and cash equivalents totalling NOK 243.7 million, compared with NOK 284.0 million as at 31 December 2025.

Q2 report and presentation
Please find the report and presentation for Q2 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 Q2 2026 results presentation through a live webcast by clicking here:
poLight Webcast Q2 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.