Slide 1: Admicom Oyj Q3 2025 interim report
Admicom Oyj Build Better. Together! Q3 2025 interim report 9 October 2025 Simo Leisti, CEO Satu Helamo, CFO
Slide 2: Q3 key takeaways
Q3 key takeaways • Annual recurring revenue (ARR) increased by 7.8% and was EUR 36.7 million (34.0) • Revised guidance for Annual Recurring Revenue (ARR) and revenue for the current year. • Adjusted EBITDA increased by 2.3% ja was EUR 3.7 million (3.6). • Very strong cash flow from operating activit
Slide 3: Agenda
Agenda Customer cases – Simo Leisti Admicom strategy execution - Simo Leisti Q3 2025 financials - Satu Helamo Updated financial outlook for 2025 – Satu Helamo Q&A
Slide 4: Agenda
Agenda Customer cases – Simo Leisti Admicom strategy execution - Simo Leisti Q3 2025 financials - Satu Helamo Updated financial Outlook for 2025 – Satu Helamo Q&A
Slide 5: Q3 Customer cases
Q3 Customer cases RaksaTalk-podcast series Highlights: • New portfolio pricing launched with first deals in. • 70+ new customers acquired. • Multiple competitive replacements won from existing ERP vendors. Customer case: Franklin Oy • High volume of cross- and up-sell opportunities How to grow but l
Slide 6: Save the date: Nordic Construction Forum 2026
LUE LISÄÄ JA REKISTERÖIDY Save the date: Nordic Construction Forum 2026 Build Better. Together. The highly anticipated Nordic Construction Forum returns. The 2026 event will be held on Tuesday, February 10, 2026 at the Conference Wing of Messukeskus Helsinki. The event will feature key themes from t
Slide 7: Agenda
Agenda Customer cases – Simo Leisti Admicom strategy execution - Simo Leisti Q3 2025 financials - Satu Helamo Updated financial outlook for 2025 – Satu Helamo Q&A
Slide 8: Our vision
Our vision First choice of partner in the European construction software ecosystem
Slide 9: Our mission
Our mission Our customers are +25% more productive than their peers Best workplace Comprehensive AI-enabled platform 2030: Build better. Together! 100M€ ARR Present in numerous markets Superior customer and employee experience
Slide 10: Strategy execution streams
Strategy execution streams 1. Growth acceleration 2. Internationalization 2030: 3. Unified platform experience 100M ARR 4. Target operating model “First choice of partner in 5. Equity story and incentives the European construction software ecosystem” 6. Winning culture, teams and talent 7. Accountin
Slide 11: Accelerating the execution
Accelerating the execution 1. Growth acceleration 1. Increasing customer activities 2. Internationalization 2. Exploring opportunities outside Finland 3. Unified platform experience 3. Accelerating cross-functional capabilities 4. Target operating model 4. Finalizing Finnish subsidiary mergers 5. Eq
Slide 12: Agenda
Agenda Customer cases – Simo Leisti Admicom strategy execution - Simo Leisti Q3 2025 financials - Satu Helamo Updated financial outlook for 2025 – Satu Helamo Q&A
Slide 13: Expectations for faster market recovery postponed
Expectations for faster market recovery postponed On average +2% revenue growth y/y in first seven months of 2025 against extremely Revenue in construction, % change y/y low comparison point. Leading indicators of the contruction sector remain low, but direction is cautiously positive Interest r
Slide 14: Good progress with profitability and cash flow, sales results affected by market and operational changes
Good progress with profitability and cash flow, sales results affected by market and operational changes 39.6% Adjusted EBITDA Adjusted EBITDA in euros above comparative period and relatively only modestly below – negative impact on profitability from high investment strategy phase starting to eve
Slide 15: Key figures of Q3 2025
Key figures of Q3 2025 ARR growth Recurring revenue Revenue growth growth 7.8%* 8.7%* 7.0%* (4.2%) (8.1%) (5.8%) Adjusted EBITDA Customer churn LTM Recurring revenue of total revenue 39.6% 6.7% 97% (41.4%) (FY2024: 5.6%) (95%) * Impact of inorganic Bauhub acquisition: ARR growth +5.4 %-points, recur
Slide 16: Key financials Q3
Key financials Q3 (EUR 1,000) Q3 2025 Q3 2024 VAR y/y Q2 2025 VAR q/q 1-9 2025 1-9 2024 VAR y/y ARR 36,672 34,026 7.8% 35,689 2.8% 36,672 34,026 7.8% • Q3’25 adjusted EBITDA absolutely above comparative period. Recurring revenue 8,966 8,246 8.7% 9,342 -4.0% 27,101 25,255 7.3% • Relatively only -0.7%
Slide 17: ARR trend
ARR trend +7.8% Q3 q/q growth +2.8%. Adjustment fees’ negative impact evening out. 35,7 35,6 35,7 36,7 33,8 33,7 34,0 31,6 32,6 32,5 29,6 30,0 30,7 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25
Slide 18: ARR bridge
ARR bridge M&A in 2024 includes Trackinno & Bauhub
Slide 19: Agenda
Agenda Customer cases – Simo Leisti Admicom strategy execution - Simo Leisti Q3 2025 financials - Satu Helamo Updated financial outlook for 2025 – Satu Helamo Q&A
Slide 20: Updated financial outlook
Updated financial outlook On October 8, Admicom issued a profit warning related to the growth related guidance. Additionally, the guidance range for Adjusted EBITDA was narrowed down. Original guidance: Updated guidance: ARR growth 8-14% ARR growth 6-10% Revenue growth 6-11% Revenue growth 5-8% Adju
Slide 21: Outlook for 2025
Outlook for 2025 updated on October 8 + Ultima billing model change ARR growth + New and up/cross sell opportunities improving with company’s own actions, but not supported by the market 6-10% + Bauhub acquisition impact on revenue minimum 4% (2024: 35.7m) – Market recovery slower than anticipated –
Slide 22: Capital Markets Day: focus on strategic development and direction
• Focus on our strategic development and direction for the future • Further information and registration in IR website
Slide 23: Agenda
Agenda Customer cases – Simo Leisti Admicom strategy execution - Simo Leisti Q3 2025 financials - Satu Helamo Updated financial Outlook for 2025 – Satu Helamo Q&A
Slide 24: Build Better. Together!
S admicom Build Better. Together!