Mofast (MOFAST) Q2 2026 earnings summary

Executive summary

• Focus on community and residential properties in the Stockholm area, with 28 properties valued at SEK 2.0 billion and a lettable area of 80,321 sqm as of June 30, 2026.

• Strategic divestments and portfolio optimization, including the sale of three properties and the transfer of a major portfolio to Episurf Medical AB.

• First dividend in several years paid in July, totaling SEK 18.4 million (SEK 0.50 per share), in line with a new dividend policy.

Financial highlights

• Q2 2026 rental income: SEK 44.4 million (down from SEK 53.6 million year-over-year); operating net: SEK 30.5 million (down from SEK 36.6 million).

• Q2 2026 profit before tax: SEK 132.9 million (up from SEK 0.2 million year-over-year), mainly due to unrealized gains on Episurf shares and convertibles.

• H1 2026 rental income: SEK 96.0 million (down from SEK 110.2 million year-over-year); operating net: SEK 60.1 million (down from SEK 69.7 million).

• H1 2026 profit before tax: SEK 147.8 million (up from SEK 1.6 million year-over-year).

• Q2 2026 management result: SEK 10.1 million (down from SEK 11.5 million year-over-year).

Outlook and guidance

• Continued focus on portfolio development and value creation through investments and project development.

• Expectation of further decrease in rental income in Q3 due to recent divestments.

• Stable interest rate environment anticipated for the remainder of 2026, supporting profitability.