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Q2 2025: ARR surpasses NOK 500 million milestone, profitability strengthens

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 second quarter of 2025. ARR reached NOK 505 million, up 9 percent year-on-year, with organic ARR growth increasing to 7 percent, marking the first quarter-on-quarter improvement since Q4 2022.

SmartCraft continues to deliver strong profitability and cash flow. The adjusted EBITDA-CAPEX margin improved to 29 percent, the highest level since Q1 2024, underscoring the scalability of the business model.

SmartCraft also continues to perform well in terms of sales, with new customer contracts growing 8 percent year-on-year despite a challenging construction market. Bankruptcies in the sector remain the main external churn driver, and the company is actively addressing churn and downgrades through earlier risk detection, stronger onboarding, and targeted retention actions.

SmartCraft is sharpening execution and investing in new solutions and its joint technical platform. Initiatives to increase revenue per customer include bundling, value-based pricing, and cross-sell opportunities across its large customer base.

“SmartCraft is well positioned to accelerate organic growth when the construction market starts to recover. We continuously focus on improving our product and platform, scaling our go-to-market strategy, and maintaining strong profitability and cash flow,” said Hanna Konyi, Interim CEO of SmartCraft. “With a focused team and clear strategy, we are ready to power the next phase of growth.”

Visit Reports and presentations to see the full report, presentation and webcast.

For further queries, please contact: 
Hanna Konyi, Interim CEO
Email: hanna.konyi@smartcraft.com
Phone: +46 705 24 46 88

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

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