Amhult 2
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Amhult 2 (AMH2) investor relations material

Amhult 2 Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary24 Feb, 2026

Executive summary

  • Revenue for 2025 increased by 9.7% year-over-year to 103,759 TSEK, with operating surplus up 10.2% to 80,742 TSEK.

  • Net profit after tax for the year was 37,523 TSEK, down from 77,674 TSEK in 2024, mainly due to lower property revaluation gains.

  • All 40 new apartments in Hercules North were leased on time, with no residential vacancies.

  • The company reached a milestone with nine-digit annual revenues and improved cost control.

Financial highlights

  • Q4 2025 revenue was 26,577 TSEK, up 11.7% year-over-year; operating surplus rose 11.2% to 20,332 TSEK.

  • Full-year EPS was 5.48 SEK (down from 11.34 SEK in 2024); Q4 EPS was 1.87 SEK (down from 9.13 SEK in Q4 2024).

  • Net asset value per share at year-end was 127.27 SEK; EPRA NAV per share was 148.51 SEK.

  • Investments for the year totaled 30,707 TSEK, significantly lower than 105,995 TSEK in 2024.

  • Cash flow from operations for the year was 35,862 TSEK, up from 12,131 TSEK in 2024.

Outlook and guidance

  • Demand for residential units remains high, with a low vacancy rate of 1% for both residential and commercial properties.

  • Interest rates are expected to remain stable in 2026, and revenues are projected to cover rising costs.

  • No dividend is proposed for 2025 due to investment needs for Amhult Centrum phase II.

Kv. Utrikesflyget: next steps for development?
Property valuation outlook for 2026?
List change: target market and investor profile?
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Frequently asked questions

Amhult 2 AB will design, build and manage residential properties and commercial properties in a rational and cost-effective way in Gothenburg. All properties are strictly within the area covered by the land use plan in the central city area, which means that each property is designed and built with value creation and sustainability as the focus. The concept of sustainable quality costs nothing and has many benefits. Both buildings and technical installations can be designed and managed to function efficiently year round.

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