Nyfosa (NYF) Q3 2025 earnings summary

Executive summary

• Profit from property management per share rose 11% year-over-year to SEK 5.06, driven by lower financial expenses and improved cash flow.

• Economic occupancy rate increased to 90.0% in Q3, with positive leasing developments in Sweden but some negative impact from Finland.

• The company continued to focus on proactive property management, organizational development, and cost control to support future profitability.

Financial highlights

• Income for January–September 2025 was MSEK 2,685, down 2% year-over-year; net operating income was MSEK 1,874, down 1%.

• Profit from property management reached MSEK 1,083, up from MSEK 955; operating cash flow was MSEK 942, up 3%.

• Profit for the period was MSEK 340, compared to a loss of MSEK -154 last year; EPS after dilution was SEK 1.49.

• Changes in value of properties and financial instruments were negative, at MSEK -302 and MSEK -69, respectively.

• Q3 income was MSEK 887, net operating income MSEK 656, and profit from property management MSEK 415.

Outlook and guidance

• Adjusted forecast for 2025 profit from property management is MSEK 1,430 after hybrid bond interest, up from the previous forecast of MSEK 1,400.

• The company expects continued positive impact from declining financing costs and is preparing for a potentially higher pace of acquisitions.