)
JM (JM) investor relations material
JM Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue and profit declined year-over-year due to lower completion rates, fewer sold commercial projects, and impairments in development properties.
Housing starts increased, but residential unit sales decreased, reflecting ongoing market caution despite some improvement in consumer confidence.
Profitability measures included organizational restructuring, divestment of contracting operations, and cost-reduction initiatives.
Fewer completed unsold residential units and a well-balanced risk profile.
The Board proposes a reduced dividend of SEK 2.00 (3.25) per share.
Financial highlights
Full-year revenue: SEK 9,981m (12,507m), Q4 revenue: SEK 2,766m (3,375m); both declined year-over-year.
Full-year operating profit: SEK 297m (531m), Q4 operating profit: SEK -8m (107m); operating margin: 3.0% (4.2%).
Earnings per share: SEK 0.97 (3.83) for the year; Q4: SEK -0.32 (0.86).
Cash flow from operating activities improved to SEK 74m (-268m) for the year and SEK 467m (-401m) in Q4.
Surplus value of development properties: SEK 5.0bn (5.2bn).
Outlook and guidance
Cautious optimism for 2026 amid ongoing geopolitical uncertainty impacting customers.
Signs of market improvement with increased housing starts and expectations of higher housing prices in 2026.
Expectation of increased net sales in Norway due to recent acquisitions, projected at close to SEK 1,000m per year over seven years.
Continued focus on cost reduction, operational efficiency, and sustainability.
Well-positioned for a potential market recovery, supported by a strong financial position and unutilized credit facilities.
- TimeTickerHeadlineOpen
- ATS
Q3 revenue up 16.7% and net income surges, with Q4 revenue guided at $710–$750 million. - SWK
Gross margin and net income rose, with CAM divestiture set to reduce debt and boost 2026 outlook. - PMI
FDA-approved artificial heart maker registers 17M shares for resale amid ongoing losses and risks. - ARCC
FY 2025 net income was $1,299M, with a $0.48/share Q1 2026 dividend declared. - BG
2025 delivered solid EBIT and cash flow, with 2026 guidance indicating stable adjusted EPS. - SDST
Development-stage lithium refiner registers shares for resale amid high risk and capital needs. - DAC
Q2 2025 saw revenue growth, high charter coverage, and strong liquidity despite rising costs. - OCSL
Net investment income was $36.7M ($0.42/share) as NAV fell to $16.30 and a $0.40 dividend was declared. - NUWE
Registering 4.28M shares for resale, proceeds from warrant exercises support working capital. - WBD
Board selects Netflix merger for streaming and studios, with Discovery Global to be spun off.
Next JM earnings date
Next JM earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)