Company Announcement no. 10/2025 (August 21, 2025)

In H1 2025, the net CARR increase amounted to DKK 1.2m, reaching DKK 22.5m on June 30, 2025 - a CARR growth of 15% (YoY). The development is in line with management's expectations and Konsolidator maintains its expectations for the year of CARR between DKK 23-24m.

Following the introduction of Konsolidator’s 2025-2027 strategy, Resilient Growth, Konsolidator has been focusing on driving Contracted Annual Recurring Revenue (CARR) and lowering Customer Acquisition Costs (CAC) in H1 2025.

During H1 2025, CARR increased by 15% (YoY) compared to an increase of 5% for H1 2024, and the payback period of acquiring a customer fell to 28 months in H1 2025 compared to 41 months in H1 2024. Sales coming from partners are trending in the right direction. In H1 2025, partner-driven sales amounted to more than 40% of all new customers.

To accommodate the customers’ demand, a financial data warehouse (FDW) was launched in April 2025, and the development of a Financial Planning and Analysis (FP&A) tool began, expecting this to be launched during Q1 2026.

The equity is negative at DKK 5.4m on June 30, 2025. Konsolidator received DKK 2.1m in February and a commitment for further equity of DKK 1.8 m to be paid during 2025.

SaaS metrics
In January 2025, the Danish Finance Society issued its latest recommendations on financial ratios where the Danish Finance Society included metrics for Software as a Service companies (SaaS). Konsolidator has decided to use the recommendations in its half-year report. Consequently, the calculation methods and terminology of some of the SaaS metrics have been updated compared to Konsolidator’s previous reports.

• In H1 2025, Contracted ARR (CARR) increased by DKK 1.2m compared to DKK 0.2m for H1 2024. On June 30, 2025, the total CARR amounted to DKK 22.5m, an increase of 15% compared to June 30, 2024.
• The CAC Payback Period was 28 months for H1 2025 compared to 41 months in H1 2024.
• On June 30, 2025, the ARR Churn Rate was 10.0% compared to 14.0% on June 30, 2024.
• The net retention summarized to 96 on June 30, 2025, compared to 95 on June 30, 2024.

Financial highlights

• Revenue in H1 2025 amounted to DKK 12.3m, compared to DKK 9.9m in H1 2024, an increase of 24% driven by increased revenue from subscription, and onboarding and consultancy
• EBIT loss for H1 2025 amounted to DKK 4m compared to a loss of DKK 7.0m for H1 2024. An improvement of DKK 3m or 43%.
• On June 30, 2025, Konsolidator had negative equity of DKK 5.4m.

Investor webinar

• An investor webinar will be held on August 21, 2025, at 12:30 (CEST). Sign up here.

Contacts

• Chair: Michael Moesgaard Andersen, mobile +45 6060 6969
• CEO: Claus Finderup Grove, mobile +45 2095 2988, cfg@konsolidator.com
• CFO: Jack Skov, mobile +45 2282 8845, js@konsolidator.com

Certified Adviser
Grant Thornton, Jesper Skaarup Vestergaard, phone +45 3527 5011, www.grantthornton.dk

About Us
Konsolidator A/S is a cloud-based financial consolidation and reporting software provider dedicated to making group CFOs better with fast, reliable, and compliant financial data. Founded by a former CFO and an auditor, the solution eliminates manual processes and supports strategic decision-making. Built to scale with growing organizations, Konsolidator integrates seamlessly into the group’s financial ecosystem. Through the Konsolidator Suite, the company offers a financial data warehouse and FP&A capabilities besides their consolidation solution, and partners with other best-in-class tools to support a holistic finance function. Konsolidator was listed on Nasdaq First North Growth Market Denmark in 2019. Ticker Code: KONSOL

Attachments
Konsolidator Interim Report H1 2025

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