Slide 1: Admicom Oyj Q2 2026 Results
Admicom Oyj Build better. Together! Q2 2026 Results 8 July 2026 Simo Leisti, CEO Satu Helamo, CFO
Slide 2: Agenda
Agenda ▪ Q2 2026 key highlights – Simo Leisti ▪ Admicom’s AI vision and roadmap – Simo Leisti ▪ Strategy acceleration with change negotiation – Simo Leisti ▪ Q2 2026 financials – Satu Helamo ▪ Financial outlook 2026 ▪ Q&A
Slide 3: Agenda
Agenda ▪ Q2 2026 highlights – Simo Leisti ▪ Admicom’s AI vision and roadmap – Simo Leisti ▪ Strategy acceleration with change negotiation – Simo Leisti ▪ Q2 2026 financials – Satu Helamo ▪ Financial outlook 2026 ▪ Q&A
Slide 4: Q2 highlights
Q2 highlights • Construction market remained challenging, although some early signs of recovery can be seen. Residential construction market remained weak while infrastructure, commercial construction and data center investments showed improving activity. 4.1% • Annual adjustment fees declining due
Slide 5: Mission and Vision
Mission Build better. Together! Vision Partner of choice in the European construction software ecosystem
Slide 6: RaksaBarometri 2026 result preview
RaksaBarometri 2026 result preview Conducted in partnership with KIRAHub, the RaksaBarometri study explores how construction SMEs operate in today's market: how they sell and choose projects, where margin is built and lost, and what value data, systems and AI bring. What correlates with profitabilit
Slide 7: Agenda
Agenda ▪ Q2 2026 highlights – Simo Leisti ▪ Admicom’s AI vision and roadmap – Simo Leisti ▪ Strategy acceleration with change negotiation – Simo Leisti ▪ Q2 2026 financials – Satu Helamo ▪ Financial outlook 2026 ▪ Q&A
Slide 8: Our AI vision
Our AI vision Admicom helps customers run their business as efficiently and profitably as possible, and we’ll use AI to the fullest extent to get there. Efficiency & profitability AI across every product Customer in control + Safe and guarded actions Customer value behind Used to the full extent, wo
Slide 9: Our AI roadmap
Our AI roadmap From today’s Assistant towards a full Agentic Platform. Today Q3 Q3 Q4 Q4 Assistant Connect Automate Embed Agentic Platform Conversational AI on the Expand by connecting all Custom agents run Assistant built directly An agent catalog plus construction site to get products in the platf
Slide 10: The future Agent catalog
The future Agent catalog Specialized agents that take work end-to-end, each fed with the right project inputs. For example: Tender Builder Project Plan Builder Risk Assessment Analyze the given RFP or project Provide project documents to Perform a risk assessment for a documents, and draft a tender.
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: Agenda
Agenda ▪ Q2 2026 highlights – Simo Leisti ▪ Admicom’s AI vision and roadmap – Simo Leisti ▪ Strategy acceleration with change negotiation – Simo Leisti ▪ Q2 2026 financials – Satu Helamo ▪ Financial outlook 2026 ▪ Q&A
Slide 13: 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 14: 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 15: 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 and the ability to construction market opportunities with AI competitive landscape create measurable business value International market expa
Slide 16: Change negotiations to accelerate our strategy execution
Change negotiations to accelerate our strategy execution • The change negotiations concerned the Finnish personnel of Admicom Oyj and its subsidiary Admicom Finland Oy, and they covered approximately 290 employees. Admicom Group employed a total of 313 people in Finland and Estonia prior to the chan
Slide 17: Agenda
Agenda ▪ Q2 2026 highlights – Simo Leisti ▪ Admicom’s AI positioning – Simo Leisti ▪ Strategy acceleration with change negotiation – Simo Leisti ▪ Q2 2026 financials – Satu Helamo ▪ Financial outlook 2026 ▪ Q&A
Slide 18: Construction market growth driven by large data center and defence sector projects
Construction market growth driven by large data center and defence sector projects – recovery not yet visible in Admicom’s customer base 40 20% • In the first quarter, the Confederation of Finnish Construction Industries (RT, CFCI) updated the market growth expectation for 35 Admicom ARR 15% Finland
Slide 19: Declining annual adjustment fees impacting growth and profitability
Declining annual adjustment fees impacting growth and profitability ARR growth Recurring revenue growth Revenue growth 4.1% 0.4% 0.2% (6.0%*) (4.3%)* (2.2%)* Customer churn LTM Adjusted EBITDA Recurring revenue (% of total revenue) 7.2% 31.0% 97% (6.0%) (32.0%) (96%) * Bauhub acquisition in December
Slide 20: Key financials Q2
Key financials Q2 QUARTERLY VARIANCE (EUR 1,000) Q2 2026 Q2 2025 VAR y/y Q1 2026 VAR q/q H1 2026 H1 2025 VAR y/y ARR 37,137 35,689 4.1% 37,277 -0.4% 37,137 35,689 4.1% • Decline in annual Recurring revenue 9,375 9,342 0.4% 9,279 1.0% 18,655 18,135 2.9% adjustment fees % of revenue 96.6% 96.4% 96.5%
Slide 21: Churn, downsell and declining annual adjustment fees impacting ARR development
Churn, downsell and declining annual adjustment fees impacting ARR development +4.1% 37,8 35,7 35,7 36,7 37,3 37,1 Annual adjustment fees’ 35,6 33,8 33,7 34,0 negative impact -1.5 %-points 32,6 32,5 31,6 30,0 30,7 29,6 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 Q4
Slide 22: ARR bridge: new sales, upsell, churn and downsell
New sales and upsell slightly ahead of 2025 Churn and downsell impacting growth negatively 5,0 2,4 - 2,4 1,2 4,4 2,2 37,8 - 0,5 - 2,0 - 2,2 37,1 2,5 - 0,4 - 1,7 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 Upsell Upsell Upsell Upsell Upsell Churn Chur
Slide 23: Agenda
Agenda ▪ Q2 2026 highlights – Simo Leisti ▪ Admicom’s AI positioning – Simo Leisti ▪ Strategy acceleration with change negotiation – Simo Leisti ▪ Q2 2026 financials – Satu Helamo ▪ Financial outlook 2026 ▪ Q&A
Slide 24: Financial guidance 2026 (updated in June)
Financial guidance 2026 (updated in June) ARR growth Total revenue growth Adjusted EBITDA (original: 6-12%) (original: 5-10%) (unchanged from original) 3-10% 2-6% 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. acquisi
Slide 25: 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, increased uncertainty Strategic reallocation of r
Slide 26: Agenda
Agenda ▪ Q2 2026 highlights – Simo Leisti ▪ Admicom’s AI positioning – Simo Leisti ▪ Strategy acceleration with change negotiation – Simo Leisti ▪ Q2 2026 financials – Satu Helamo ▪ Financial outlook 2026 ▪ Q&A
Slide 27: Thank you! Questions please!
Thank you! Questions please! investors.admicom.fi