SmartCraft ASA (SMCRT) - Annual Report for 2025

17 Mar 2026 08:00 CET

March 17, 2026 - SmartCraft ASA, the leading Nordic provider of mission
-critical SaaS solutions to small and mid-sized companies in the construction
sector, today published its Annual report for 2025. The report is
attached together with the company's annual financial statements in European
Single Electronic Format (ESEF). The documents are also available on
SmartCraft's website.

"2025 was a year when we had to navigate a tough market, but at the same time
continued to strengthen the foundation of SmartCraft. Even though the
construction industry has been facing the slowest cycle for decades, we
continued to grow. That is because we offer products that customers genuinely
value. We make both thousands of small and mid-sized construction companies more
profitable, and the everyday workload for craftsmen easier. The untapped
potential ahead of us is still enormous," said Jeremias Jansson, CEO of
SmartCraft.

SmartCraft's revenues ended at NOK 559 million, while the adjusted EBITDA
-capex was NOK 156 million in 2025, representing a margin of 28 percent.

"One of our greatest strengths is the predictability of our business model. More
than 95 percent of our revenue is recurring, margins remain high, and our cash
flow is strong. In a year like 2025, that matters. With 25 years in the software
industry, having seen both high and low performers, I am proud that we continue
to deliver well within the "Rule of 40" even with today's market conditions. The
structural work we've done over the past years across products, technology and
organization is now paying off and sets us up for scalable growth," said
Jeremias Jansson.

"Financially, we ended the year with annual recurring revenue of NOK 522 million
an organic growth of 7 percent. Our EBITDA-CAPEX margin remained at 28 percent
year-on-year, and churn declined the last three quarters and ended flat
year-on-year."

"We enter 2026 with an important strategic milestone ahead: moving our stock
exchange listing from Euronext Oslo Børs to the main list at Nasdaq Stockholm.
This will increase visibility, broaden our investor base, and give us access to
deeper liquidity pools. The Nordic SaaS community is strong in Sweden, which is
also our largest individual market, and I believe SmartCraft will be well
understood and highly appreciated in that market."

"I am optimistic about the journey ahead of us and confident that we will
continue to create long-term value for employees, customers, and shareholders,"
Jeremias Jansson concluded.

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.

For further information, please contact:

Jeremias Jansson, CEO
+46 77 017 65 77, jeremias.jansson@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 UK. The SmartCraft
share has been listed on the Oslo Stock Exchange since June 2021. As of March
24, 2026 the SmartCraft share will be listed on the main list at Nasdaq
Stockholm.

More information:
Access the news on Oslo Bors NewsWeb site

668530_SmartCraft_ASA_Annual_report_2025.pdf
668530_smartcraftasa_2025_12_31_1_en.zip