Mofast (MOFAST) Q2 2025 earnings summary

Executive summary

• Portfolio consists of 67 properties valued at SEK 2.8 billion, with 134,967 sqm rentable area and a 95.8% occupancy rate as of June 30, 2025.

• Focus on stable, long-term returns through strategic divestments, efficiency improvements, and sustainability investments.

• New financial targets: 10% annual growth in management result per share and >10% ROE over a cycle.

• Intention to move listing to Nasdaq First North Growth Market to enhance visibility and liquidity.

Financial highlights

• Q2 2025 rental income: SEK 53.6m (down from SEK 55.5m YoY); H1 2025: SEK 110.2m (down from SEK 111.6m YoY).

• Q2 2025 net operating income: SEK 36.6m (up from SEK 33.7m YoY); H1 2025: SEK 69.7m (up from SEK 62.5m YoY).

• Q2 2025 management result: SEK 11.5m (up from SEK 1.8m YoY); H1 2025: SEK 21.6m (up from SEK 0.1m YoY).

• Q2 2025 pre-tax profit: SEK 0.2m (down from SEK 20.1m YoY); H1 2025: SEK 1.6m (down from SEK 10.8m YoY), mainly due to negative property and derivative revaluations.

• Q2 2025 EPS: SEK 0.0 (SEK 0.4 YoY); H1 2025 EPS: SEK 0.0 (SEK 0.2 YoY).

Outlook and guidance

• Management expects continued improvement in key metrics and is committed to achieving new financial targets.

• Strategic focus on profitability, portfolio optimization, and sustainability to drive long-term value.