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Smartcraft (SMCRT) investor relations material

Smartcraft Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary4 Nov, 2025

Executive summary

  • Achieved annual recurring revenue (ARR) of NOK 505 million, up 6.4% year-over-year, with recurring revenue at 97% of total and strong operational cash flow of NOK 36 million.

  • Adjusted EBITDA minus CapEx margin increased to 28.2%, up 2.9 percentage points year-over-year, reflecting improved profitability and a robust net cash position.

  • Transitioned to a business area-driven structure to enhance focus, execution, and scalable international growth.

  • Launched SmartCraft Spark and Flow platforms, expanding vertical coverage and driving customer satisfaction.

  • New CEO Jeremias Jansson to start January 5, with interim CFO appointed and ongoing evaluation of a potential change in listing venue.

Financial highlights

  • ARR grew 6.4% year-over-year to NOK 505 million, with organic growth at 6% and recurring revenue share at 97%.

  • Adjusted EBITDA minus CapEx margin reached 28.2%, up 2.9 percentage points year-over-year.

  • Operating cash flow increased to NOK 36 million, up 4.8% year-over-year, and cash and cash equivalents rose to NOK 160.7 million.

  • Churn rate improved to 9.6%, down 0.4 percentage points quarter-over-quarter.

  • Gross margin remained above 90%.

Outlook and guidance

  • Confident in medium-term target of 15–20% organic revenue growth and margin expansion as market conditions normalize.

  • Gradual market improvement expected, especially in Sweden, UK, and Finland, while Norway remains cautious.

  • Continued investment in innovation, sales, and targeted M&A to capture future growth.

  • Short-term impact anticipated from recent acquisitions.

How will new structure leverage market recovery?
Short-term revenue impact of recurring revenue shift?
How will Spark/Flow drive market penetration?
Elaborate on cross-selling under new structure
What is the long-term AI product strategy?
What specific market recovery signals are you tracking?
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Frequently asked questions

SmartCraft ASA provides software as a service to the construction industry. A cloud-based all-in-one solution for project management, accounting and CRM purposes. The company's software helps customers streamline their accounting tasks while getting real time data and visualizations of the relevant information they need to operate their business. Founded in 2013 and based on an extensive experience from the industry, SmartCraft is operating primarily in Europe and North America.

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