Holmström Fastigheter (HOLMSTRÖM) Q3 2025 earnings summary

Executive summary

• Rental income increased to SEK 40m for Jan–Sep 2025, up from SEK 35m year-over-year.

• Net operating income rose to SEK 22m from SEK 20m for the same period last year.

• Profit/loss before tax was SEK -120m, a significant decline from SEK -9m year-over-year.

• Negative property value change of SEK -9m due to the divestment of Fajansen 11.

Financial highlights

• Q3 rental income was SEK 13m (Q3 2024: SEK 11m); net operating income SEK 8m (Q3 2024: SEK 7m).

• Profit/loss from associated companies and JVs was SEK -29m for Jan–Sep 2025.

• Operating profit/loss (rolling 12 months) was SEK -60m.

• Return on equity (annualized) was -20.6% for Q3 2025.

• Adjusted equity ratio at 37.7% as of 30 Sep 2025.

Outlook and guidance

• Ongoing orderly divestment of assets, including the post-period sale of Fajansen 11 for SEK 135m.

• Focus remains on residential properties in prime Swedish locations.