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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.Executive summary
Achieved annual recurring revenue (ARR) of NOK 505 million, up 6.4% year-over-year, with 97% of revenue now recurring and strong cash flow.
Adjusted EBITDA minus CapEx margin rose to 28.2%, up 2.9 percentage points year-over-year, reflecting improved profitability.
Transitioned to a business area structure to drive focus, execution, and scalable international growth.
Launched SmartCraft Spark and Flow, with strong early adoption and customer satisfaction.
Maintained a robust financial position with a net cash positive status and continued investment in innovation.
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 for Q3 2025 was NOK 49.1 million, with a margin of 35.6%, and adjusted EBITDA-CAPEX margin improved to 28.2%.
Operating cash flow reached NOK 36 million, up 4.8% year-over-year.
Churn rate declined to 9.6%, with downgrades also decreasing.
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 in Sweden, UK, and Finland, with Norway expected to benefit from interest rate cuts.
Continued investment in innovation, AI-enabled modules, and sales to drive future growth.
Well-capitalized and ready to pursue M&A opportunities, with a focus on the UK market.
Short-term impact anticipated from recent acquisitions.
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