Preservium Property (PRESRV) Q2 2025 earnings summary

Executive summary

• Revenue for January–June 2025 was 38,624 TSEK, up slightly from 38,218 TSEK year-over-year.

• Net profit for the half-year rose to 39,481 TSEK from 20,531 TSEK year-over-year, driven by a significant unrealized property value increase.

• Both properties remain fully leased to public sector tenants with long-term contracts, and the portfolio is 100% environmentally certified.

• Operational results were impacted by higher property costs due to planned maintenance, considered a one-off item.

• No significant events occurred after the reporting period.

Financial highlights

• Q2 2025 revenue was 19,433 TSEK, up from 19,155 TSEK in Q2 2024.

• Q2 net profit surged to 30,954 TSEK from 10,602 TSEK in Q2 2024, mainly due to a 26,541 TSEK unrealized property value gain.

• Operating cash flow for the half-year was 30,655 TSEK, up from 29,394 TSEK year-over-year.

• Property market value at period end was 1,343,000 TSEK, up from 1,316,000 TSEK at year-end.

• No dividend was declared for the period.

Outlook and guidance

• Operations are proceeding as planned with a focus on maintaining a strong green profile ahead of refinancing in October 2026.

• Management is accumulating cash to optimize capital structure in anticipation of future interest rate changes.