Klappir Grænar Lausnir (KLAPP) H1 2025 earnings summary

Executive summary

• Significant investment in AI and innovation, with R&D spending up to 50% of subscription revenue, while maintaining cost control and profitability focus in H1 2025.

• Ecosystem expanded to 3,957 business entities across 58 countries, with a growing partner network now at 39 partners in 21 countries.

• Customer engagement remains robust despite macroeconomic uncertainty, with measurable sustainability impact and strong customer satisfaction.

• Platform recognized for supporting regulatory readiness, climate goals, and ESG reporting.

Financial highlights

• Total revenue reached ISK 304.9 million, a 2.5% increase year-over-year.

• EBITDA was ISK 27.2 million (9.6% margin), down from ISK 32.0 million (11.8%) in 2024.

• Operating profit (EBIT) was ISK -6 million, compared to ISK 5.7 million in 2024.

• Net profit was ISK -19.6 million, compared to ISK -10.3 million in 2024.

• Total assets increased to ISK 911.9 million from ISK 840.6 million in 2024.

Outlook and guidance

• Plans to deepen leadership in AI-driven sustainability, broaden the partner ecosystem, and strengthen global footprint over the next five years.

• New subscription plans (Core, Growth, Impact) launching in Q3 2025 to better align with market needs.

• Continued alignment with UN Sustainable Development Goals and preparation for EU Omnibus framework.