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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.Q3 2025 earnings summary4 Nov, 2025
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.
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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Next Smartcraft earnings date
Q4 202513 Feb, 2026
Next Smartcraft earnings date
Q4 202513 Feb, 2026
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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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