Logotype for ALM Equity

ALM Equity (ALM) investor relations material

ALM Equity Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for ALM Equity
Q3 2025 earnings summary23 Oct, 2025

Executive summary

  • Leadership transition with Thomas Carlsson appointed CEO from October 1, focusing on operational efficiency and project execution, while Joakim Alm becomes working/executive chairman to drive business development and acquisitions.

  • Operations consolidated at Sundbyberg office to enhance efficiency and coordination.

  • Strategic refinancing reduced outstanding bond debt by SEK 200m, smoothing maturity profile and lowering financial costs.

  • Market stabilization observed, with new building permits for 357 homes and further permits for 533 homes expected, indicating readiness to resume project starts.

Financial highlights

  • Net sales for Jan–Sep 2025 were SEK 782m, down from SEK 1,796m for the same period last year; Q3 net sales were SEK 246m, down from SEK 662m YoY.

  • Net loss for Jan–Sep 2025 was SEK -356m, compared to SEK -1,041m year-over-year; Q3 net loss was SEK -131m, improved from SEK -883m YoY.

  • Q3 operating result: SEK -44m (vs. SEK -715m YoY); nine-month operating result: SEK -97m (vs. SEK -583m YoY).

  • Cash and cash equivalents at period end: SEK 577m, up from SEK 205m YoY.

  • Negative unrealized value changes on financial assets: SEK -64m in Q3, mainly due to lower Besqab share price.

Outlook and guidance

  • Strong demand for space-efficient and affordable apartments in Stockholm County, supported by population growth forecasts.

  • Expectation of increased capital availability for residential construction following interest rate cuts and improved market sentiment.

  • Plan to start construction of 533 homes in Q1 2026, with an additional 357 homes later in the year, all targeting the rental market.

  • Increased focus on operational efficiency and project execution expected to drive future performance.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next ALM Equity earnings date

Logotype for ALM Equity
Q4 202526 Feb, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next ALM Equity earnings date

Logotype for ALM Equity
Q4 202526 Feb, 2026

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

ALM Equity AB is a Swedish real estate development company. The company operates through five main segments: Property Management, Project Development, Construction Management, Financing, and Digital Services. ALM Equity focuses on owning and developing independent companies within these segments to drive sustainable and innovative development of the property sector. Their business model centers on investing and developing companies based on the future market needs, actively managing these investments to create maximum value over the long term. This includes the packaging, financing, and restructuring of assets and/or companies to build a stable platform for potential stock market listing, with a significant ownership stake maintained for active participation in their development. The company is headquartered in Stockholm, Sweden, and its shares are listed on the NASDAQ First North Growth Market.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage