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Tessin Nordic (TESSIN) investor relations material
Tessin Nordic Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net revenue for Q1 2026 was 1.0 MSEK, a 77% decrease year-over-year, reflecting a strategic reduction in low-margin business and a weak real estate market.
EBITDA was -7.5 MSEK and EBIT was -8.5 MSEK, both slightly worse than the prior year.
Net loss for the period was -11.9 MSEK, a marginal improvement from -12.2 MSEK in Q1 2025.
Loan volume mediated dropped 91% to 5.2 MSEK, as the company shifted focus to higher-margin opportunities.
Strategic focus shifted to developing the Nova Kreditfond, targeting institutional capital and improved margins.
Financial highlights
Total revenue was 1.2 MSEK for Q1 2026.
EBITDA: -7.5 MSEK (Q1 2025: -7.3 MSEK); EBIT: -8.5 MSEK (Q1 2025: -8.4 MSEK).
Net result: -11.9 MSEK (Q1 2025: -12.2 MSEK).
Earnings per share: -2.48 SEK (Q1 2025: -3.00 SEK, adjusted for reverse split).
Cash flow from operations: -8.8 MSEK; cash and equivalents at period end: 27.5 MSEK.
Outlook and guidance
Management is executing a business model shift to focus on scalable, higher-margin products.
Nova Kreditfond is expected to attract institutional investors and improve profitability.
Market conditions remain weak, with uncertainty on timing of recovery in real estate financing demand.
- Net revenue dropped 40% and net loss deepened, with urgent need for new financing.TESSIN
Q4 20255 Feb 2026 - Sharp revenue drop and losses amid weak market; cost cuts and restructuring underway.TESSIN
Q3 20254 Nov 2025 - Revenue and profitability declined significantly, with cost savings and restructuring underway.TESSIN
Q2 20257 Aug 2025 - Revenue fell 49% in Q3, but major institutional capital was secured for future growth.TESSIN
Q3 202413 Jun 2025 - Revenue fell 45% in H1, but new capital and cost cuts target future profitability.TESSIN
Q2 202413 Jun 2025 - Sharp revenue decline and ongoing losses highlight urgent need for new funding.TESSIN
Q4 20249 Jun 2025 - Revenue down, losses up, but loan volumes rose; focus shifts to efficiency and capital access.TESSIN
Q1 20256 Jun 2025
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