Scandinavian Investment Group (SIG) Q4 2025 earnings summary

Executive summary

• Net profit for 2025 was DKK 6.9 million, significantly below the original guidance and target of DKK 19–28 million, mainly due to underperformance in capital shares and credit bonds.

• Return on equity was 3.5%, missing the 10–15% target, with stable property operations but weak results from capital shares and credit bonds.

• The company completed the acquisition of 38 row houses in Rødekro, expanding into private residential real estate.

• A new business area, SIG Pantebreve P/S, was launched, focusing on mortgage deeds for private housing finance.

Financial highlights

• Revenue from rental income increased to DKK 14.3 million (2024: DKK 12.2 million).

• Net profit after tax was DKK 6.9 million (2024: DKK 15.5 million).

• Total assets grew to DKK 377.1 million (2024: DKK 307.2 million).

• Equity at year-end was DKK 194.8 million, with diluted NAV per share at DKK 4.40 (2024: DKK 4.20).

• Cash flow from operations was DKK 15.2 million, while investment activities consumed DKK 69.9 million.

• No dividend proposed for 2025.

Outlook and guidance

• For 2026, the company expects a return on equity of 10–15% and net profit after tax of DKK 19–28 million.

• Projected net income from properties: DKK 12 million; credit bonds: DKK 6.3 million; capital shares: DKK 4.5 million; mortgage deeds: DKK 1.5 million.

• Cost base expected at DKK 4 million; no further activation of tax assets anticipated in 2026.