Admicom Oyj · OMXHEX:ADMCM
Admicom Oyj — Q1 2026 Earnings Presentation
30 slides from Admicom Oyj's earnings presentation, Feb 14, 2026
Slide 1: Admicom Oyj Q1 2026 Results
Admicom Oyj Build better. Together! Q1 2026 Results 14 February 2026 Simo Leisti, CEO Satu Helamo, CFO
Slide 2: Agenda
Agenda ▪ Q1 2026 key highlights – Simo Leisti ▪ Admicom’s AI positioning – Simo Leisti ▪ Strategy acceleration with change negotiation – Simo Leisti ▪ Q1 2026 financials – Satu Helamo ▪ Financial outlook 2026 ▪ Q&A
Slide 3: Agenda
Agenda ▪ Q1 2026 key highlights – Simo Leisti ▪ Admicom’s AI positioning – Simo Leisti ▪ Strategy acceleration with change negotiation – Simo Leisti ▪ Q1 2026 financials – Satu Helamo ▪ Financial outlook 2026 ▪ Q&A
Slide 4: Admicom's Q1 key highlights
Admicom’s Q1 key highlights • Q1 2026 sales performance was decent in a tough market: Overall bookings close to budget, while construction industry volumes recovering very slowly. 5% • Q1 strong profitability: Positive profitability trend continued in Q1. ARR growth • Good progress in product penetr
Slide 5: Nordic Construction Forum 2026
Statistics from external participants Nordic Construction Forum 2026 Statistics: High event score 9/10 Close to 300 total registrations Active social media posts
Slide 6: PC-Saneeraus Oy chooses Admicom's comprehensive solution
PC-Saneeraus Oy chooses Admicom’s comprehensive solution Founded in 1998, PC-Saneeraus Oy is a Finnish expert in renovation and alterations to business and office premises. Its clients include domestic and international real estate investment companies as well as public sector companies. Challenges
Slide 7: Admicom Oyj Leadership Team
Admicom Oyj Leadership Team New appointment, starting 18.5.2026 Simo Leisti Satu Helamo Henna Kotilainen Jesse Pärnänen CEO Chief Financial Officer & Chief Strategy Officer Chief Growth Officer M.Sc. (Industrial Eng. & Mgmt) Deputy CEO M.Sc. (Econ.) M.Sc. (Econ. & Business admin) M.Sc. (Econ.) “Jess
Slide 8: Agenda
Agenda ▪ Q1 2026 key highlights – Simo Leisti ▪ Admicom’s AI positioning – Simo Leisti ▪ Strategy acceleration with change negotiation – Simo Leisti ▪ Q1 2026 financials – Satu Helamo ▪ Financial outlook 2026 ▪ Q&A
Slide 9: Mission and Vision
Mission Build better. Together! Vision Partner of choice in the European construction software ecosystem
Slide 10: Construction software & AI
Construction software & AI Extremely complex, High value in Fragmented and domain-specific systems of record & real-world data workflows traceability Heterogeneous data sets Involvement of physical Authoritative sources of the software makes workflows which AI agents truth AI agents depend usable fo
Slide 11: Our platform for productive construction
Our platform for productive construction Customer workflows: Customers Bid management SALES Contracts Invoices PROJECT MANAGEMENT AI agent PRODUCTION Schedule and tasks Resourcing supported Construction work Safety & Quality Cost estimation Documentation workflows Collaboration Asset management Acco
Slide 12: AI Agents complement and enhance business critical processes
AI Agents complement and enhance business critical processes AI Agent: AI Agent: Analyse Monitor and 1. Define 2. Reserve 3. Monitor availability forecast changes resource needs resources progress & results Estimator Site manager Site manager Project manager General manager Project manager General m
Slide 13: Site operations: AI enabled solution for effective site operations management
Site operations: AI enabled solution for effective site operations management Daily challenges on site ▪ Time wasted on manual data collection "The use of AI opens up a new way for us ▪ Quality documentation not up-to-date to make our operations more efficient and ▪ Gaps in communication and informa
Slide 14: Admicom's AI positioning in summary
Admicom’s AI positioning in summary Admicom is Admicom’s business AI provides many structurally less model is resilient, but positive opportunities exposed to the risks are not zero for strong competitive SaaSpocalypse. positioning and operational leverage. AI won’t replace Admicom — it will strengt
Slide 15: Agenda
Agenda ▪ Q1 2026 key highlights – Simo Leisti ▪ Admicom’s AI positioning – Simo Leisti ▪ Strategy acceleration with change negotiation – Simo Leisti ▪ Q1 2026 financials – Satu Helamo ▪ Financial outlook 2026 ▪ Q&A
Slide 16: Strategy phase: Let's grow together!
Strategy phase: Let’s grow together! 100 M€ ARR 2026-2028: Let’s grow together! ▪ Back to >15 % organic growth rate, >60 M€ ARR Long-term aspiration beyond ▪ Current business >40 % adjusted EBITDA this strategy phase ▪ Most comprehensive and customer-centric platform ▪ 3x total addressable market ▪
Slide 17: We focus on five execution streams
We focus on five execution streams Customer-centric Develop a modular, AI-enhanced platform that improves construction 1 platform and contracting professionals’ productivity 2 Go-to-market Transform our go-to-market for accelerated, scalable growth transformation International Expand our addressable
Slide 18: Changes in our operating environment
Changes in our operating environment Prolonged downturn in Accelerated Changes and Sharper customer the Finnish development and new consolidation of our focus needed and the construction market opportunities with AI competitive landscape ability to create measurable business value International mark
Slide 19: Change negotiations to accelerate implementation of our strategy
Change negotiations to accelerate implementation of our strategy • The change negotiations concern the Finnish personnel of Admicom Oyj and its subsidiary Admicom Finland Oy, and they cover approximately 290 employees. Admicom Group currently employs a total of 313 people in Finland and Estonia. • A
Slide 20: Agenda
Agenda ▪ Q1 2026 key highlights – Simo Leisti ▪ Admicom’s AI positioning – Simo Leisti ▪ Strategy acceleration with change negotiation – Simo Leisti ▪ Q1 2026 financials – Satu Helamo ▪ Financial outlook 2026 ▪ Q&A
Slide 21: Market expectations for Finland turned more pessimistic
Market expectations for Finland turned more pessimistic • Market growth expectations for Finland down from previous 40 20% +3.5% to 1.5% for 2026. Admicom ARR 35 15% • Factors supporting the recovery of the market exist (e.g. interest rates, low construction volumes, consumer income) but are not 30
Slide 22: Q1 growth below targets, profitability improvement continues
Q1 growth below targets, profitability improvement continues ARR growth Recurring revenue growth Revenue growth 4.7% 5.5% 3.8% (5.5%) (9.2%)* (7.7%)* Customer churn LTM Adjusted EBITDA Recurring revenue (% of total revenue) 7.4% 28.1% 96% (6.0%) (25.3%) (95%) * Bauhub acquisition in December 2024 ha
Slide 23: Key financials Q1
Key financials Q1 Cost base declining y/y mainly due to decrease in headcount Against Q4’25, cost base QUARTERLY VARIANCE increasing – main drivers are higher marketing activities and bonus provisions ADMICOM GROUP (1,000 EUR) Q1 2026 Q1 2025 VAR y/y Q4 2025 VAR q/q ARR 37,277 35,618 4.7% 37,834 -1.
Slide 24: High churn impacting Q1 ARR growth
High churn impacting Q1 ARR growth +4.7% Q4 q/q growth -1.5% 37,8 37,3 36,7 35,7 35,6 35,7 33,8 33,7 34,0 32,6 32,5 31,6 30,7 29,6 30,0 One large bankruptcy increasing churn for Q1. Insolvency-related churn continues to be elevated in tough market circumstances. In addition, consolidation happening
Slide 25: ARR growth hindered by churn – new sales ahead of Q1'25
ARR growth hindered by churn – new sales ahead of Q1’25 Annual adjustment fees declining due to billing model transition phase 5,0 1,2 - 2,4 4,4 0,7 2,2 37,8 - 0,1 - 1,2 37,3 - 0,4 - 2,2 2,5 - 1,2 2,1 35,7 2,2 - 2,7 0,8 - 1,5 3,0 32,5 - 0,9 - 1,8 - 2,1 2,0 2,2 29,9 0,6 - 0,9 3,0 - 1,4 24,4 Churn Chu
Slide 26: Agenda
Agenda ▪ Q1 2026 key highlights – Simo Leisti ▪ Admicom’s AI positioning – Simo Leisti ▪ Strategy acceleration with change negotiation – Simo Leisti ▪ Q1 2026 financials – Satu Helamo ▪ Financial outlook 2026 ▪ Q&A
Slide 27: Financial guidance 2026 (unchanged)
Financial guidance 2026 (unchanged) ARR growth Total revenue growth Adjusted EBITDA 6-12% 5-10% 31-36% 2025: 37.8m 2025: 37.7m 2025: 32.5% * Adjustments are material items outside the normal course of business related to e.g. acquisitions, restructuring or other one-off transactions.
Slide 28: Themes affecting growth and profitability in 2026
Themes affecting growth and profitability in 2026 GROWTH PROFITABILITY Actions to improve sales performance and + mitigate churn End of high investment strategy phase, proof of improving profitability already in 2025 + +/- Improving market sentiment, high uncertainty Strategic reallocation of resour
Slide 29: Agenda
Agenda ▪ Q1 2026 key highlights – Simo Leisti ▪ Admicom’s AI positioning – Simo Leisti ▪ Strategy acceleration with change negotiation – Simo Leisti ▪ Q1 2026 financials – Satu Helamo ▪ Financial outlook 2026 ▪ Q&A
Slide 30: Thank you! Questions please!
Thank you! Questions please! investors.admicom.fi