Arlandastad Group (AGROUP) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 was SEK 76.6 million, with net income of SEK 48.5 million, a significant increase from SEK 12.2 million in Q3 2024.

• Nine-month net income reached SEK 65.3 million, reversing a loss of SEK -57.5 million year-over-year, driven by unrealized project gains and successful property sales.

• Strategic partnerships, notably a joint venture with BRA Bygg for Skavsta, and cost-saving initiatives have strengthened value creation and financial stability.

• The company continues to focus on efficient operations, value realization through property transactions, and maintaining low financial risk.

Financial highlights

• Q3 revenue: SEK 76.6 million (Q3 2024: SEK 74.8 million); nine-month revenue: SEK 246.3 million (2024: SEK 246.8 million).

• Q3 net income: SEK 48.5 million (Q3 2024: SEK 12.2 million); nine-month net income: SEK 65.3 million (2024: SEK -57.5 million).

• NAV per share: SEK 86.3 (Q3 2024: SEK 85.1).

• Operating cash flow after working capital changes: SEK -112.9 million for nine months (2024: SEK -87.4 million).

• Market value of property portfolio: SEK 6,794 million as of September 30, 2025.

Outlook and guidance

• Cost-saving measures are expected to yield annual savings of SEK 30 million from Q3 2025.

• Positive outlook due to anticipated lower market interest rates and increased activity in the property market.

• The company is well-positioned for future growth, with a focus on strategic partnerships and efficient capital allocation.