Slide 1: Q4 2025
Q4 2025 February 13th 2026 Page 1
Slide 2: Disclaimer
Disclaimer IMPORTANT – You must read the following before continuing. The following applies to this document, the oral presentation of the information in this document by SmartCraft ASA (the "Company") or any person on behalf of the Company, and any question-and-answer session that follows the oral
Slide 3: Agenda
Agenda • This is SmartCraft • Q4 highlights • Q4 financials • Summary • Q&A Q4 2025 Page 3
Slide 4: Presenters
Presenters Jeremias Jansson Kine Kragholm Olsen CEO Interim CFO Q4 2025 Page 4
Slide 5: This is SmartCraft
This is SmartCraft Q4 2025 Page 5
Slide 6: This is SmartCraft
This is SmartCraft Why we exist What we do We are here to digitize construction for We offer solutions that help companies the benefit of people, profit and the plan and work more efficiently. So that planet. they can be more profitable, create better working conditions, and deliver a more sustainab
Slide 7: Our business areas and solutions
Our business areas and solutions HVAC & SME Electro Enterprise plumbing construction Q4 2025 Page 7
Slide 8: How we help our customers
How we help our customers Time efficiency Clear communication Safer projects Overview & control • Streamlined workflow • One source of truth • HSE & QA built-in • Live cost vs. budget • Smart scheduling & • Real-time updates • In-site checklists • Change orders under resourcing control • Fewer dispu
Slide 9: SmartCraft's unique strategic position in the AI era
SmartCraft’s unique strategic position in the AI era AI enhances the value of We own the place where Our market coverage SmartCraft’s unique our workflow data the work happens makes the AI stronger position in the value chain SmartCraft has many years of SmartCraft has a closed loop of AI improves w
Slide 10: Long runway for growth with large TAM
Long runway for growth with large TAM Total addressable • TAM of NOK 50 billion* market distribution • ~700.000 addressable construction companies across regions • ~10-15% penetration of mission critical solutions 10% • Ongoing digitalization of a digitally immature market 10% 17% 63% *Analysis by S
Slide 11: Q4 highlights
& SmartCraft Q4 highlights SmartCraft Q4 2025
Slide 12: Q4 2025 in brief
Q4 2025 in brief Annual Recurring Adjusted EBITDA-capex Cash flow Churn Revenue MNOK MNOK 522 26.7% 24.6 9.2% +8.4% YoY +2.5% p.p YoY -48.9% YoY Unchanged YoY Q4 2025 Page 12
Slide 13: Strong results of Q4 marketing efforts
Strong results of Q4 marketing efforts 45% more Exposure/Visibility (YoY) 17% increase in Web traffic (YoY) 33% more Leads (YoY) Jan Feb Ma r Apr Ma y Jun Jul Aug Sep Oct Nov Dec Jan Feb Ma r Apr Ma y Jun Jul Aug Sep Oct Nov Dec Jan Feb Ma r Apr Ma y Jun Jul Aug Sep Oct Nov Dec 2022 2023 2024 2025 2
Slide 14: Proven revenue from AI powered quoting
Proven revenue from AI powered quoting in Adoption & quoted value Win-rate uplift Customer value created • 1000s of quotes sent since • Win rate up from 30% (industry • Measured impact: incremental revenue launch average) to 40% driven by improved conversion (+33%) • Large amount of total quoted • T
Slide 15: Geographical expansion of Locka
Geographical expansion of Locka • Entry & expansion outside of Scandinavia • A scalable solution with cross-market fit • Rising demand for digital transparency in construction • Strengthening SmartCraft’s multi-market presence • Early commercial validation and growth foundation Q4 2025 Page 15
Slide 16: Q4 financials
Q4 financials Q4 2025 Page 16
Slide 17: Recurring revenue as basis for success
Recurring revenue ARR bridge YoY mNOK as basis for success +7% 31,3 9,1 0,0 522,3 482,0 Continued stable growth • 8.4% ARR growth YoY • Continued improved churn with 0,4pp QoQ Q4'24 Organic growth Currency effects M&A Q4'25 ARR development 6.5% ARR organic growth mNOK 522,3 504,8 504,8 • Hampered by
Slide 18: Continued growth in revenue and strong profitability
Continued growth in revenue and strong profitability Solid YoY revenue growth Consistently high profitability R&D capex mNOK mNOK 95.9% 40 0 94.0% 35 0 30 10,0 % +5.4% 7,2 % 143,6 34,2 % 34,7 % 38,2 % 35,6 % 33,9 % 25 0 136,3 20 13,6 0 15 10,3 27,3 % 29,4 % 28,2 % 26,7 % 10 24,2 % 0 5 0 0 Q4'24 Q4'2
Slide 19: SME Construction
SME Construction SME Construction mNOK +11% • Reported revenue growth of 10.6% YoY • Organic growth for recurring revenue of 7.4% YoY 50,7 29,3 56,1 30,9 Q4'24 Q4'25 • Adjusted EBITDA of NOK 30.9 million, margin 55.1% Revenue EBITDA Revenue growth • Margin temporarily affected by higher recruitment
Slide 20: HVAC & Plumbing
HVAC & Plumbing HVAC & Plumbing mNOK +2% • Reported revenue of NOK 32.6 million in the quarter, corresponding to 1.5% growth YoY • Organic growth for recurring revenue of 1.7% YoY 32,1 15,1 32,6 14,0 Q4'24 Q4'25 • Adjusted EBITDA of NOK 14 million, margin Revenue EBITDA Revenue growth 42.9% • Margin
Slide 21: Electro
Electro Electro mNOK 11% • Recorded revenue of NOK 17.7 million, growing 11.1% YoY • Organic growth for recurring revenue of 9.8% 3,6 4,3 YoY 15,9 17,7 Q4'24 Q4'25 Revenue EBITDA Revenue growth • Adjusted EBITDA of NOK 4.3 million, margin 24.6% • Margin increase driven by streamlining the product po
Slide 22: Enterprise
Enterprise Enterprise mNOK -1% • Recorded revenue of NOK 37.3, a decrease of 0.7% YoY 7,5 • Organic growth for recurring revenue 4.3% YoY 5,8 37,5 37,3 Q4'24 Q4'25 • Adjusted EBITDA of NOK 7.5 million, margin of 20% Revenue EBITDA Revenue growth • Margin increase despite decrease in revenue driven b
Slide 23: Financial position and cash flow
Financial position Balance sheet, Dec 31, 2025 mNOK and cash flow Cash and cash equivalents Deferred revenue Current assets Current liabilities Non-current assets Non-current liabilities Goodwill and intangible assets Equity Operating cash flow 144,7 165,2 mNOK, YoY growth 111,8 104,1 31,4 70,1 -26.
Slide 24: Profitable growth, scalability, and a clear path ahead
Profitable growth, scalability, and a clear path ahead Medium-term financial targets Bolt on targeted M&A - Targeted acquisitions Building future winners - Scalable platforms - Accelerating customer acquisition, aligning pricing with value proposition Strengthening root - Sharpening value propositio
Slide 25: From Oslo Børs to Nasdaq Stockholm mainlist
From Oslo Børs to Nasdaq Stockholm mainlist ~50% of revenues comes from Sweden Expected improvement in liquidity Stronger investor understanding of SaaS companies Broader universe of listed SaaS companies Source: Company information. Q4 2025 Page 25
Slide 26: Q&A
& SmartCraft Q&A Q4 2025 Page 26
Slide 27: J& SmartCraft
J& SmartCraft