SmartCraft ASA

Earnings Release • Nov 4, 2025

SmartCraft ASA (SMCRT) - Q3 2025: Strong profitability and strategic progress

SmartCraft ASA (SMCRT) - Q3 2025: Strong profitability and strategic progress

4 November 2025 - SmartCraft ASA, the leading Nordic provider of mission

-critical SaaS solutions to small and mid-sized companies in the construction

sector, today reported its results for the third quarter of 2025. ARR reached

NOK 505 million, up 6.4 percent year-on-year, with organic growth at 6.0

percent.

"The market situation remains challenging in total, but it is encouraging to see

that we reduced our churn for the first time in almost two years. In parallel,

we remain focused on maintaining strong profitability and cash flow. Our EBITDA

-CAPEX margin was 28 percent, up by 3 percentage points compared to the same

period last year," said Hanna Konyi, Interim CEO of SmartCraft.

Recurring revenue constituted 97 percent of total revenue, reflecting a

continued strategic shift towards long-term resilience and stability. Total

revenue grew 4.5 percent year-on-year, driven by organic growth and currency

effects.

Cash flow from operations strengthened to NOK 36 million, and the company

maintains a robust financial position with a strong balance sheet, negative net

working capital, and a net cash position.

SmartCraft continues to invest in product development and innovation. The

scalable product strategy based on the SmartCraft Core platform is progressing

well. In Q3, the company soft-launched SmartCraft Flow, a new solution for HVAC

and plumbers, and is seeing encouraging momentum with new customers on

SmartCraft Spark, launched in December 2024. Both solutions are being developed

as global offerings with a focus on scale, and preparations are underway for AI

-enabled modules.

Market conditions remain challenging, but performance varies across regions.

Sweden and the UK continue to show growth, Finland is improving despite a large

customer downgrade, and Norway faces elevated churn and downgrades.

Nevertheless, strong cost discipline has led to a margin increase.

From 1 October, SmartCraft implemented a new organizational structure based on

business areas rather than geography. This change supports the company's ability

to scale faster, tailor solutions more effectively, and drive growth and

efficiency while maintaining strong local brands.

"SmartCraft is well-positioned to reignite growth as the market recovers. With a

scalable product portfolio, renewed organizational structure, strong financials,

and a clear strategy, we remain committed to our medium-term targets of 15-20%

organic revenue growth and margin expansion," said Hanna Konyi, Interim CEO of

SmartCraft.

WEBCAST PRESENTATION

Investors, analysts, and journalists are welcome to join an English-language

webcast presentation of the report on Tuesday 4 November 2025, at 08:00 CET.

Webcast link:

https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20251104_2

Presenters:

· Interim Chief Executive Officer Hanna Konyi

· Chief Financial Officer Kjartan Bø

DISCLOSURE REGULATION

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation, and is subject to the disclosure requirements pursuant

to section 5-12 of the Norwegian Securities Trading Act.

CONTACTS

Hanna Konyi, Interim CEO, +46 705 24 46 88, hanna.konyi@smartcraft.com

Kjartan Bø, CFO, +47 410 27 000, kjartan.bo@smartcraft.com

ABOUT SMARTCRAFT

SmartCraft is the leading Nordic provider of mission-critical SaaS solutions to

SMEs in the construction sector, increasing their productivity, margins, and

resource efficiency. The Group currently has more than 14 100 customers and 270

employees distributed across Norway, Sweden, Finland, and the UK. SmartCraft was

listed on the Oslo Stock Exchange in June 2021.