The consolidated financial statement for the first half year of 2025 is unaudited. For more information see attached document "Financial results 1H 2025"
Impact highlights
- 3,957 business entities in the Klappir Ecosystem across 58 countries.
- The global partner network is growing, now encompassing 39 partners in 21 countries.
- 451,200 tCO2e in estimated annual emissions reduction.
- EUR 2.35 million in Annual Recurring Revenue (ARR).
Financial highlights (ISK millions)
- Total revenue reached 304.9 million, reflecting an 2.5% increase from the previous year.
- EBITDA was 27.2 million (9.6%) compared to 32.0 million (11.8%) in 2024.
- Operating profit (EBIT) was -6 million, compared with 5.7 million in 2024.
- Net profit was -19.6 million compared to -10.3 million in 2024.
- Total assets were 911.9 million, compared with 840.6 million in 2024.
- Total liabilities were 526.3 million compared with 473.3 million in 2024.
- Equity ratio was 42.3%, compared with 43.7% in 2024.
- Cash and cash equivalents at the end of June 2025 was 114.9 million.
Jon Agust Thorsteinsson, CEO:
"As we progress through 2025, Klappir's commitment to leading the digital transformation of sustainability management has never been stronger. A central focus this year has been our significant investment in Artificial Intelligence (AI) and innovation, ensuring our platform remains at the cutting edge. Even with substantial R&D investments, amounting up to 50% of subscription revenue, we have maintained a strong focus on cost control and profitability throughout the first half of the year.
Customer and Market Dynamics
Despite an uncertain macroeconomic environment, customer engagement remains robust. Companies are more cautious in their decision making, but their need for trusted guidance on regulatory requirements, sustainability data, risk management, and cost efficiency has never been greater. This dynamic confirms the growing relevance of the Klappir platform, which is increasingly seen as a strategic partner for data analyses, operational improvements and sustainability.
The first half of 2025 underscored this strength: we welcomed new customers, expanded our ecosystem to more than 3,900 business entities, and delivered multiple product enhancements that directly address customer needs. Our expanding partner network further amplifies our reach, enabling us to support organizations across entire value chains and ensuring measurable value creation at scale.
Market Positioning
Our go-to-market strategy remains anchored in the Nordic region, where rolling webinars, partner-led events, and thought-leadership content have proven highly effective in building engagement. Recognition of our community-driven projects in Iceland, Brazil, and Denmark further reinforces Klappir's position as a purpose-led company with global relevance.
Looking Ahead
As CEO, I am proud of how far Klappir has come, but I am even more energized by where we are heading. Over the next five years, we will continue to deepen our leadership in AI-driven sustainability solutions, broaden our partner ecosystem, and strengthen our footprint globally.
These priorities are not only commercial; they are deeply connected to the United Nations Sustainable Development Goals for 2030. Our work directly supports climate action, responsible production and consumption, innovation, and partnerships for impact.
At the same time, we are preparing our customers and partners for the EU Omnibus framework and we will set new global standards for transparency, comparability, and digital transformation in sustainability reporting.
By aligning purpose, regulation, and innovation, we are creating a pathway where growth and sustainability reinforce one another. Together with our partners, customers, and community, we are determined to shape a future where businesses can thrive while advancing society's most urgent goals."
About Us
Klappir is a rapidly growing sustainability software company with its roots in the Nordic countries. The company is now broadening its global presence by providing its solutions through an expanding network of partners. Klappir stands out due to its comprehensive approach to operations, trusted experience, groundbreaking product portfolio, and strategic expansion into new markets. In a world increasingly focused on sustainability, Klappir is not only driving its own growth but also spearheading a transformative shift in how businesses align with the complex challenges of sustainability accounting and reporting.
Klappir has emerged as the foremost provider of sustainability software, offering an advanced platform thoroughly crafted to empower effective sustainability management across various sectors such as businesses, municipalities, and governments. The core of Klappir's offering lies in its ability to seamlessly facilitate engagement with sustainability data, enabling enhanced efficiency and well-informed decision-making.
As a world-class innovator in sustainability software solutions, Klappir holistic approach to operations, innovative product offerings, and strategic market expansion pave the way for businesses to thrive in an increasingly sustainability-driven world. Klappir's visionary journey promises not only growth but also a transformative impact on how companies navigate and embrace the complexities of sustainability accounting and reporting.
Klappir B shares are listed on Nasdaq First North Iceland (KLAPP-B). For more information, visit https://www.klappir.com/investors
Contacts for further Information:
Jon Agust Thorsteinsson, CEO
+354 664 9200
jat@klappir.com
