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Interim report August 27th 2026
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Disclaimer IMP OR TANT– Yo umu streadthefo llowingb efor econ tinu ing. Th efo llowingap pliesto thisd ocum ent,theo ralp resentatio nof thein for mationin thisd ocum entby Smar tCr aftGr ou pAB (P ub l) (th e" Com pan y" )or an yp ersonon b ehalfof theCo mp any ,an dan yq uestion-an d-an swersessio n thatfo llowstheo ralp resentatio n(co llectiv ely ,the" In for matio n" ). In acce ssingtheInfo rm ation ,y ouagre eto beb ou ndbythefo llowingterm san dcon ditio ns. Th eInfo rm ationd oesn otcon stitu teor fo rmp arto f,an dsho uldn otbe con str uedas an o fferor thesolicitationof an o fferto sub scr ibefo ror p urch aseshar esor o th ersecu ritiesof theCo mp any ,an dn othin gcon tainedther einshallfo rmtheb asisof or be reliedon in con nectionwithan y con tractor com mitmen twhatso ever ,n ord oesit con stitu tea reco mme nd ationrega rdin gsuchshar esor o th ersecu rities. An yshar esor o th ersecu ritiesof the Co mp anymayn otbe o fferedor soldin the Un itedStatesor an yo th erju risdictionwher esucha registr ationwou ldbe req uir ed u nlessso register ed,or an exem ptio nfr omtheregistr ationreq uir emen tsof theU.S. Secur itiesAct of 1933, as amen de d,or o th erap plicablelawsan dregu lation sis av ailable. Th eInfo rm ationis n otd irectedto, or in ten d edfo rd istr ibu tionto or u seb y,an yp ersonor en titythatis a citizenor resid ento f,or lo catedin ,an ylo cality ,state,cou ntr yor o th erju risdictionwher esuchd istr ibu tionor u sewou ldbe con trar yto law or regu lationor whichwou ldreq uir ean yregistr ationor licensingwithinsuchju risdiction. Th eInfo rm ationis n otfo rp ub licatio n,relea seor d istr ibu tionin an y ju risdictionin whicho ffersor saleswou ldbep roh ibitedbyap plicablelaw. Th eInfo rm ationh asb eenp repa redby theCo mp any ,an dno o th erp artyacce ptsan yresp on sib ilitywhatso ever ,or mak esan yrep resen tationor warr anty ,exp ressor imp lied,fo rthecon tentsof theInfo rm ation ,in clu din gits accu racy ,com pleten essor v erificationor fo ran yo th erstatemen t mad eor p urp or tedto bemad eincon nectionwiththeCo mp anyan dn othin ginthisd ocum entor at thisp resentatio nshallbereliedu po nas a p rom iseor rep resen tationinthisresp ect,wheth eras to thep astor thefu tur e. Th eInfo rm ationcon tainsfo rward-lo okin gstatemen ts. Allstatemen tso th erthanstatemen tsof h isto ricalfactin clu dedin theInfo rm ationarefo rward-lo okin gstatemen ts. Fo rwar d-lo okin gstatemen tsgiv etheCo mp any 'scur ren texp ectation san dp rojectio nsrelatin gto its fin ancialcon ditio n, resu ltsof o pera tio ns,p lans,o bjectives,fu tur ep erfo rman cean db usiness. Th esestatemen tsmayin clu de,witho utlimitatio n,an ystatemen tsp recededb y,fo llowedby or in clu din gwor dssuchas " target" ," amb itio n" ," ou tloo k" ," believ e"," exp ect" ," aim" ," inten d" ," may "," anticipate" ," estim ate", " plan "," pr oject"," will" ," can "," hav e"," likely "," sh ou ld" ," wo uld " ," co uld "an do th erwor dsan dterm sof similarmean ingor then egativether eof. Su chfo rward-lo okin gstatemen tsin vo lvekn ownan du nkn ownrisk s,u ncertain tiesan do th erimp or tantfactor sb eyo ndtheCo mp any 'scon tro lthat cou ldcausethe Co mp any 'sactualresu lts,p erfo rman ceor achiev emen tsto be mater iallyd ifferen tfr omthe exp ectedresu lts,p erfo rman ceor achiev emen tsexp ressedor imp liedby suchfo rward-lo okin gstatemen ts. Su chfo rward-lo okin gstatemen tsare b asedon n umer ou sassu mp tion s rega rdin gthe Co mp any 'sp resentan dfu tur eb usinessstrategiesan dthe en vir on mentin whichit willo pera tein the fu tur e. Fu rth erm or e,in for mationab ou tp astp erfo rman cegiv enin thisInfo rm ationis giv enfo rillustr ativep urp oseso nlyan dsho uldn otbe reliedu po nas, an dis n ot,an in dicationof fu tur ep erfo rman ce. No rep resen tation ,warr antyor u nd ertakin g,exp ressor imp lied,is mad eas to,an dno relian cesho uldbep lacedo n,thefair ness,accu racy ,com pleten essor cor rectnessof theInfo rm ationor theo pin ion scon tainedther ein,an dno liab ilitywhatso everis acce ptedas to an yerr or s,o missio nsor misstatemen tscon tainedh erein ,an d,acco rd ingly ,n eith erthe Co mp anyn oran yof its p aren tor sub sid iaryu nd ertakin gsor an ysuchp erson 'so ffice rsor emp loy eesacce ptsan yliab ilitywhatso everarisin gd irectlyor in directlyfr omthe u seof thisd ocum ent. Th eInfo rm ationh asn otb een in dep end entlyv erifiedan dwill n otbe u pd ated. Th eInfo rm ation ,in clu din gb utn otlimitedto fo rward-lo okin gstatemen ts,ap plieso nlyas of the d ateof this d ocum entan dis n otin ten d edto giv ean yassu ran cesas to fu tur eresu lts. Th eCo mp anyexp resslyd isclaimsan yo bligatio nor u nd ertakin gto d issemin atean yu pd atesor rev ision sto theInfo rm ation ,in clu din gan yfin anciald ataor fo rward-lo okin gstatemen ts,an dwilln otp ub liclyrelea sean yrev ision sit maymak eto theInfo rm ationthatmayresu ltfr oman ychan gein theCo mp any 'sexp ectation s,an ychan gein ev ents, con ditio nsor circum stan cesonwhichthesefo rward-lo okin gstatemen tsareb ased ,or o th erev entsor circum stan cesarisin gafterthed ateof thisd ocum ent. Th isp resentatio ncon tainsstatistics,d ata ,statemen tsan do th erin for mationrelatin gto thegro up 'smar ketsan dthein du str yin whichit o pera te s. Wh eresuchin for mationh asb eend eriv edfr omthir d-p artysou rces,suchsou rcesh aveb eenid entifiedh erein. In ad ditio n,theCo mp anyh asb een n amedas a sou rcefo rcertainmar ketan din du str ystatemen tsin clu dedin thisp resentatio n. Su ch" Com pan yin for mation "ref lectstheCo mp any 'sv iewsb asedono neor mo resou rcesav ailableto it (so meof whicharen otp ub liclyav ailable,b utcanbeo btain edagain stp ayme nt),in clu din gd ata com piledbyp rof essio nalo rgan isatio ns,con su ltantsan dan alystsan din for mationo th erwiseo btain edfr omo th erthir dp artysou rces. By rev iewingthisInfo rm ationy ouackn owledg ethaty ouwillbe solelyresp on sib lefo ry ou ro wnasse ssmen tof the mar ketan dthe mar ketp ositionof the Co mp anyan dthaty ouwillcon du cty ou ro wnan alysisan dbe solelyresp on sib lefo rfo rmin gy ou ro wnv iewof the p oten tialfu tur e p erfo rman ceof theb usinessesof theCo mp any. Th isInfo rm ationmu stbereadincon jun ctio nwiththerecen tfin ancialrep or tsof theCo mp anyan dthed isclosu resther ein. Th isInfo rm ationshallbego ver nedbySwedishlaw,an dan yd isp utesrelatin gto h eretois sub jectto thesolean dexclu siv eju risdictionof Swedishcou rts. Page 2Interim Report Q2 2026
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Agenda • This is SmartCraft • Q2 highlights • Q2 financials • Summary • Q&A Page 3Interim Report Q2 2026
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Presenters Page 4 Jeremias Jansson CEO Tobias Lindquist CFO Interim Report Q2 2026
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This is SmartCraft Page 5Interim Report Q2 2026
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This is SmartCraft Page 6 Our customers SmartCraft serves 13 400* customers and more than 184 000* users. What we do We offer solutions that help companies plan and work more efficiently. So that they can be more profitable, create better working conditions, and deliver a more sustainable service. Why we exist We are here to digitize construction for the benefit of people, profit and the planet. Where we operate SmartCraft currently has 270 employees that are located in offices in Norway, Sweden, Finland and the UK. *During Q1 2026, SmartCraft completed a review of its customer and user counting methodology across the group. As part of this process, we have decided to use direct contracted customers as a base for the numbers. As a result, the historical reported number of customers has been adjusted. The updated figures reflect improved data quality and consistency and has no impact on other financial metrics. Interim Report Q2 2026
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Our business areas and solutions Page 7 Electro HVAC & plumbing SME construction Enterprise Interim Report Q2 2026
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Long-term track record of strong organic growth Page 8 64 83 88 94 103 121 142 163 190 214 270 351 404 502 528 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Total CAGR ~16% Organic CAGR ~15% Reportedrevenue, SEKm Amalgamatedrevenuepre-IPO, SEKm1) Note: 1) Aggregated revenue for group companies of SmartCraft as per 2020. Source: Company financial reports. Interim Report Q2 2026
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Q2 highlights Page 9 Interim Report Q2 2026
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ARR development SEK M Page 10 Organic growth +6.8%, up from 6.0% Q2 ‘25 Mixed performance across business areas Churn down 1.9pp YoY to 8.1% Strengthening the executive team with key hires SEK 15 M Enterprise cost savings from 2027 Strong cash generation and capital flexibility . Q2 2026 – Highlights Strengthening the offering and organization 469 475 476 477 504 514 6% 6% 7% 7% 7% 7% Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 ARR Organic growth YoY Interim Report Q2 2026
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Page 11 514 +8% YoY Annual Recurring Revenue, SEK M 26.7 -2.7 p.p. Y oY Adjusted EBITDA-Capex margin, % 33 +8 SEK M Y oY Operational cash flow, SEK M 8.9 -1.6 p.p. YoY Return on equity (L TM), % Interim Report Q2 2026 8.1 -1.9 p.p. YoY Churn, % Q2 2026 – Financial highlights Solid financial performance with strong cash generation
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Interim Report Q2 2026 Page 12 Efficiency measures in the Enterprise business area are expected to deliver SEK 15 M in annual cost savings from 2027. The savings, equivalent to ~10% of annual revenue, are expected to support a significant margin uplift from 2027 onwards. The measures respond to changed market conditions and are enabled by combining common functions, clearer ownership, faster delivery and better-aligned teams. SEK 7.2 M of one-off costs were recognised in Q2 2026, covering internal and external costs related to the restructuring. Q2 2026 – Main events during the period Enterprise efficiency actions
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Interim Report Q2 2026 Page 13 Thomas Staven Chief Product & T echnology Officer, joins in October Christian Saleki Transitioning from CTO to EVPAI & T echnology Karin Bubach Head of IT , joined in August A strengthened technical organisation Key executive roles in place Tobias Lindquist Chief Financial Officer, joined in June Daniel Karlsen EVP HVAC & Plumbing, joined in August Q2 2026 – Main events during and after the period New appointments amplify the executive team
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Page 9 WORKFLOW Embedded in the daily workflows of our customers Deep understanding of industry- specific processes PROPERIETARY DATA Industry-specific data generated across workflows Data accumulated through daily customer activity CUSTOMER RELATIONSHIP Broad and established customer base across the market Established, trusted position with customers TURNING INTO AI- POWERED PRODUCTS AI embedded across new product development AI-driven workflow automation AI-enabled data matching and quoting Continuous rollout of AI capabilities across the portfolio Interim Report Q2 2026 2026 – Product and AI highlights SmartCraft’sunique position in the AI era
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Page 15 PRODUCT & MONETIZATION • Resource Planner driving upgrades and new customer sales • New Enterprise packaging and Work Site Manager license in Bygglet • Cordel–SmartCraftFlow integration supporting cross-sell WORKFLOW EXPANSION • Workflow automation and productivity enhancements • Expanded APIs, connectivity and data access • Creating opportunities for measurable customer value and future monetization AI IN PRODUCTION • Bygglet– AI invoice assistance • EL-VIS – AI group structuring • Clixifix– AI defect handling • Locka – AI-powered design generation Interim Report Q2 2026 2026 – Product and AI highlights AI-enabled releases drive customer value and efficiency
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Q2 financials Page 16Interim Report Q2 2026
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469 9 - 2 0 475 9 -7 -1 476 10 -2 -7 477 9 6 12 504 10 -3 2 514 ARR development SEK M Page 17Interim Report Q2 2026 Q2 2026 – Financial development ARR growth improving, supported by lower churn ARR +8.1% YoY to SEK 513.7 M Organic ARR growth 6.8% Enterprise +11.9% and SME Construction +8.7% Net new ARR SEK 10.0 M in Q2 Churn improved 1.9pp to 8.1% Subscription and transaction-based recurring revenue 96% of total revenues New customers Existing customers Currency Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26
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104 110 120 116 119 101 110 114 106 111 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Operating expenses Operating expenses - Adjustments 7% 10% 3% 0% 10% Page 18 Revenue SEK M Operating expenses Result SEK M Interim Report Q2 2026 132 130 134 136 142 0% 1% 0% 3% 8% Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Revenue Growth YoY 39 37 36 40 38 29% 28% 27% 30% 27% Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Adjusted EBITDA-Capex Adjusted EBITDA-Capex % SEK M Growth (Adjusted OPEX) YoY Q2 2026 – Financial development Revenue growth strengthened, with solid organic momentum Revenue growth +7.8% YoY - Organic growth +6.0% - Growth led by SME Construction - Recurring Subscription and Transaction revenue reaching 96% of total revenue Adjusted OPEX +9.8% YoY, with clear actions - SEK 15 M annual Enterprise savings from 2027 (one-off costs SEK 7.2 in Q2) - Temporary costs from group-wide process alignment - Higher costs from relocation of key staff Stable result versus last year - SEK 38.0 M Adjusted EBITDA-Capex - 26.7% margin, reflecting higher investments - Efficiency initiatives expected to support margin improvement
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50 50 52 53 55 8% 8% 7% 10% 10% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Revenue Organic growth % SmartCraft Presentation Template Page 19 SEK M SME Construction HVAC & Plumbing SEK M Electro SEK M Enterprise SEK M Interim Report Q2 2026 31 30 30 32 33 1% 2% 2% 3% 2% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Revenue Organic growth % 16 16 17 17 17 11% 10% 7% 5% 7% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Revenue Organic growth % 35 34 35 34 36 1% 4% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Revenue Organic growth % 26 28 31 32 32 53% 56% 59% 60% 58% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Adjusted EBITDA Adjusted EBITDA margin 16 15 19 16 15 53% 51% 64% 49% 45% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Adjusted EBITDA Adjusted EBITDA margin 5 4 6 5 5 32% 22% 36% 30% 30% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Adjusted EBITDA Adjusted EBITDA margin 6 4 6 6 9 16% 12% 19% 19% 24% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Adjusted EBITDA Adjusted EBITDA margin Q2 2026 – Financial development Different growth profiles create clear opportunities for improvement
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911 925 887 855 893 26 22 10 24 24 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Total Equity Profit 11% 10% 9% 10% 9% Return on equityOperating cash flow %SEK M Page 20Interim Report Q2 2026 25 35 23 73 33 0% -4% -49% 35% 31% Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Operating cash flow Growth YoY Return on equity LTM Q2 2026 – Financial development Strong cash generation provides flexibility for growth and capital returns Strong operating cash flow, +SEK 8.0 M YoY - Lower tax payments - Improved working capital from prepayments - +31% YoY operating cash flow ROE at 8.9%, with upside ahead - LTM Net profit of SEK 80.6 M (94.7) - Acting on share buybacks expected to reduce equity - Improving profitability provides scope for higher ROE
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Page 21 Interim Report Q2 2026 Q2 2026 – Financial development Capital allocation focused on shareholder value Solid cash position of SEK 139.5 M, improving QoQ Net interest-bearing assets of SEK 118.0 M Focus on selective M&A opportunities to expand offerings and footprint Ambition to act on share buy-back mandate given by AGM in May
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15-20% organic growth Bolt on M&A GROWTH • ARR +8.1%, organic +6.8% • Net new ARR of SEK 10.0 m in Q2 • Churn improved 1.9pp to 8.1% EFFICIENCY • SEK 15 M annual Enterprise savings from 2027 • Streamlined functions, clearer ownership and faster execution • Strengthened senior team to accelerate execution and efficiency CAPITAL & OPPORTUNITY • SEK 118 M net interest-bearing assets • Selective M&A to expand offering and footprint • Share buybacks to support shareholder Page 22 Margin expected to increase due to scalability of the business Medium-term financial targets Interim Report Q2 2026 Q2 2026 – Focus ahead Building momentum for renewed growth and profitability
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Q&A Page 23Interim Report Q2 2026