Amhult 2 (AMH2) Q1 2025 earnings summary

Executive summary

• Revenue for Jan–Mar 2025 increased to 25,197 TSEK from 23,017 TSEK year-over-year.

• Net income after tax rose to 7,582 TSEK from 4,482 TSEK year-over-year.

• EPS for the period was 1.11 SEK, up from 0.65 SEK year-over-year.

• All 40 new apartments in the Hercules project are now fully leased, ensuring full future rental income.

• No vacancies reported during the period.

Financial highlights

• Operating income (rörelseresultat) for Jan–Mar 2025 was 17,179 TSEK, up from 15,801 TSEK year-over-year.

• Gross margin (driftsöverskott) increased to 18,869 TSEK from 17,104 TSEK year-over-year.

• Cash flow from operations was 3,290 TSEK, down from 10,218 TSEK year-over-year.

• Investments in property totaled 11,619 TSEK during the quarter.

• Cash and cash equivalents at period end were 6,475 TSEK.

Outlook and guidance

• Full rental income from the Hercules project expected going forward.

• Planning underway for construction of the southern building (49 apartments) at Amhult 108:4.

• Application submitted to amend zoning for the Utrikesflyget property to allow for more flexible use, including residential.