Patriam Invest (PATRIAM) Q2 2025 earnings summary

Executive summary

• Operating income for January–June 2025 was SEK 222.5 million, down from SEK 281.1 million year-over-year, mainly due to changes in accounting principles and project sales timing.

• Operating profit increased to SEK 44.3 million from SEK 41.4 million, with a margin of 19.9% versus 14.7% last year.

• Profit for the period was SEK 20.7 million, a turnaround from a loss of SEK -18.9 million in the prior year.

• 27% of available apartments were sold during the period, reflecting stable sales despite a slow housing market.

• The organization was strengthened with three new hires and an increased number of projects in production.

Financial highlights

• Net sales for the period were SEK 222.5 million, compared to SEK 281.1 million year-over-year.

• Operating profit reached SEK 44.3 million, up from SEK 41.4 million.

• Profit for the period improved to SEK 20.7 million from a loss of SEK -18.9 million.

• Equity ratio increased to 35.4% from 25.9% year-over-year.

• Cash and cash equivalents at period end were SEK 22.4 million, down from SEK 57.3 million.

Outlook and guidance

• The company expects increased housing market activity following interest rate cuts and eased mortgage regulations, with benefits anticipated for developers.

• Preparations are underway for a fourth ongoing production, with new projects expected to start in August.

• The company aims to refinance outstanding debt in the autumn, supported by a new green financial framework.