SmartCraft ASA (SMCRT) - Annual Report for 2025
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.