Klappir hf.: Reports Strong Ecosystem Growth and Sustainability Impact in H1 2025
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.”