Intea Fastigheter (INTEA) Q4 2025 earnings summary

Executive summary

• Celebrated 10 years since first acquisitions, now a leading private owner of higher education and prison facilities.

• Profit from property management increased by 69% year-over-year to SEK 904 million, driven by project completions, acquisitions, and robust rental income.

• Rental income rose 30% year-over-year to SEK 1,561 million, with a surplus ratio of 83.8%.

• Net profit after tax reached SEK 1,304 million, up from SEK 591 million the previous year.

• Major acquisitions included security properties, police facilities, and district courts.

Financial highlights

• Profit after tax for 2025 was just over SEK 1.3 billion.

• Net operating income increased 31.9% to SEK 1,308 million, with a surplus ratio of 83.8%.

• Q4 saw a 43% increase in rental income and a 64.8% rise in profit from property management.

• Positive value changes from investment properties of SEK 850 million for the year.

• Loan-to-value ratio improved to 46.5% from 50.5% year-over-year.

Outlook and guidance

• Market activity is increasing, with expectations for continued favorable conditions for growth through projects and acquisitions.

• Ongoing and planned projects expected to add 50% to rental value, with SEK 11.0 billion in remaining investments.

• Proposed dividend of SEK 1.00 per Class A/B share and SEK 2.00 per Class D share.

• Favorable market conditions and a stable business model support continued growth.