Link Prop Investment (LINKAB) H2 2025 earnings summary

Executive summary

• Achieved record-high rental income and strong cash flows in 2025, driven by high occupancy and demand for R&D premises in Linköping's Mjärdevi Science Park.

• Major tenants include multinational, high-credit companies; occupancy rate at 96% with ongoing lease renewals and expansions.

• Upgrades and tenant adaptations increased property value and are expected to boost future rental income.

• Transitioned trading venue to NGM Nordic SME in December 2025, aiming for cost savings.

Financial highlights

• Full-year rental income rose to 44,491,524 SEK (40,827,865), and operating surplus to 31,637,853 SEK (26,049,259) year-over-year.

• Management result reached 20,545,774 SEK (14,116,927), and net profit was 7,603,933 SEK (3,280,107) year-over-year.

• Earnings per share increased to 5.17 SEK (2.23) year-over-year.

• Cash flow from operations before working capital changes was 13,293,312 SEK (12,130,127).

• Property market value at year-end was 528 MSEK (499 MSEK).

Outlook and guidance

• Stronger rental income expected in 2026 based on existing lease agreements.

• Ongoing urban planning may add future building rights, potentially increasing long-term property value.