Amhult 2 (AMH2) investor relations material

Executive summary

• Revenue for Q1 2026 increased by 10.8% year-over-year to 27,933 TSEK, driven by higher rental income and new property operations.

• Net profit after tax rose to 9,065 TSEK (1.32 SEK per share), up from 7,582 TSEK (1.11 SEK per share) in Q1 2025.

• Operational focus remained on property management and optimization, with no new property completions during the period.

• Vacancy rate for residential units remained negligible, with only a minor commercial space vacant.

Financial highlights

• Operating surplus for Q1 2026 was 20,931 TSEK, up 10.8% year-over-year.

• Average interest rate for completed properties was 3.53% during the period.

• Investments in the quarter totaled 11,534 TSEK.

• Cash flow from operating activities before working capital changes was 12,751 TSEK.

• Cash and cash equivalents at period end were 10,183 TSEK.

Outlook and guidance

• Construction of Hercules southern building began in January, with completion expected summer 2027.

• Rental market outlook remains positive, with strong demand and low vacancy expected to continue.

• No new property completions planned for 2026, focus remains on management and tenant satisfaction.