Kallebäck Property Invest (KAPIAB) H1 2025 earnings summary

Executive summary

• Rental income increased by 1.7% year-over-year to 45,714 Tkr for H1 2025, driven by CPI adjustments in the lease with Saab AB.

• Operating net rose 2.4% to 42,870 Tkr, reflecting lower maintenance costs.

• Management result (EBIT) grew 5.1% to 29,288 Tkr, or 8.02 kr per share.

• Net profit after tax fell to 20,580 Tkr (5.64 kr/share) from 25,825 Tkr, mainly due to negative unrealized changes in financial instruments.

• New CEO, Fredrik Pettersson, appointed effective May 2, 2025.

Financial highlights

• Rental income: 45,714 Tkr (44,954 Tkr prior year).

• Operating net: 42,870 Tkr (41,855 Tkr prior year).

• Management result: 29,288 Tkr (27,876 Tkr prior year).

• Net profit after tax: 20,580 Tkr (25,825 Tkr prior year).

• Cash flow from operations: 51,796 Tkr (17,608 Tkr prior year).

• Investments: 4,812 Tkr in property improvements.

Outlook and guidance

• No significant events after the reporting period.

• Long-term lease with Saab AB until 2031 ensures stable income.

• Loans extended to 2027, with a large share at fixed interest rates.