Norsk Titanium publishes updated investor presentation outlining financial and operational ambitions

Oslo, Norway – 18 May 2026 – Norsk Titanium AS (“Norsk Titanium” or the “Company”, Euronext Growth: NTI, OTCQX: NORSF) today published an updated investor presentation outlining the Company’s strategic direction, commercial progress and financial and operational ambitions.

The presentation reflects the continuing broadening of Norsk Titanium’s commercial footprint across commercial aerospace, defense and industrial markets, highlighting the Company’s increased visibility into ramp-up profiles with key OEM customers.

The Company sees an exceptional growth outlook in aerospace and defense which currently is being constrained by titanium supply bottlenecks due to limited capacity and excessively long lead-times at traditional metals forging houses. Norsk Titanium is ready to deliver qualified titanium parts at scale with its certified Rapid Plasma Deposition® (RPD®) technology, which is already embedded in key OEM’s industrialisation roadmaps.

As earlier outlined, Norsk Titanium believes its current installed annual capacity of 700MT of additively manufactured titanium corresponds with an annual revenue potential of around USD 300 million. The Company now sees key commercial milestones supporting baseline revenue that will enable the Company to breakeven at approximately 25% capacity utilisation in 2028 and move towards 30% EBITDA-margin at approximately 50% capacity utilisation by 2030. In addition, the Company sees significant potential revenue upside in new, large programs that are currently being scoped by customers within aerostructures and defense.

The baseline commercial milestones include potential new orders under a current master supply agreement with Airbus as well as programs with other existing aerospace customers, awards of high-rate programs with U.S. Air Force and U.S. Navy and key defense primes, AI infrastructure/semiconductor deliveries, short-cycle opportunities in other industries, and deployment of RPD® machines with strategic OEMs to accelerate technology adoption.

“Our ambitions reflect the commercial traction we are seeing today, the strong demand outlook for high-quality titanium parts in all of our target industries, and increased confidence in the ramp profiles with our anchor customers,” says Fabrizio Ponte, CEO of Norsk Titanium.

The updated investor presentation is available on the Company’s website at www.norsktitanium.com under the Investor Relations section.

For more information, please contact:

Fabrizio Ponte, President and CEO of Norsk Titanium
Email: Fabrizio.ponte@norsktitanium.com
Tel: +1 404 426 2270

Ashar A. Ashary, CFO of Norsk Titanium
Email: Ashar.Ashary@norsktitanium.com
Tel: +1 518 556 8966

Important notice:

This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. The stock exchange announcement was published by Ashar A. Ashary, CFO of Norsk Titanium, at the time and date stated above in this announcement.