Mofast (MOFAST) Q3 2025 earnings summary

Executive summary

• Focus on owning, developing, and managing community and residential properties in Swedish growth regions, with 66 properties valued at SEK 2.8 billion and 134,386 sqm of lettable area as of September 30, 2025.

• Strategic divestments of low-yield assets led to lower rental income but improved profitability and key financial ratios.

• Strong relationships with tenants and a balanced portfolio between community and residential segments.

Financial highlights

• Q3 2025 rental income: SEK 51.0m (54.6m), operating net: SEK 32.2m (35.1m), management result: SEK 12.9m (8.1m), profit before tax: SEK 16.9m (11.6m).

• January–September 2025: rental income SEK 161.1m (166.2m), operating net SEK 101.9m (97.6m), management result SEK 34.5m (8.2m), profit before tax SEK 18.4m (22.4m).

• Improved management result due to lower interest costs and more efficient operations.

• Net asset value per share: SEK 39.7 (38.9); share price: SEK 15.9 as of September 30, 2025.

Outlook and guidance

• Management expresses confidence in continued improvement and readiness for 2026, with ongoing efforts to strengthen the business and financial position.

• Focus remains on divesting high-vacancy residential properties and investing in efficiency and sustainability.