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Amhult 2 (AMH2) investor relations material
Amhult 2 Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
9M revenue, operating surplus and net income rose YoY; Q3 net income increased despite slightly lower revenue and operating surplus.
Operations generated growth, while development continued at Hercules and preparations advanced for the final Utrikesflyget project.
Financial highlights
Q3 revenue was SEK 26.526m vs SEK 26.622m; operating surplus SEK 21.216m vs SEK 21.529m; operating profit SEK 19.969m vs SEK 20.150m.
Q3 net income was SEK 9.269m vs SEK 8.882m.
9M revenue rose 6.4% YoY to SEK 82.096m; operating surplus rose 4.2% to SEK 62.948m.
9M net income increased to SEK 26.690m from SEK 24.749m; EPS was SEK 3.89 vs SEK 3.61.
9M operating cash flow was SEK 96.320m vs SEK 2.217m, including a SEK 63.525m positive working-capital change vs a SEK 25.586m outflow.
Outlook and guidance
Hercules phase 2 construction continued on plan; 49 rental apartments are scheduled for occupancy in summer 2027, with leasing to begin at year-end 2026.
Utrikesflyget building-permit application is targeted before year-end; permit and lease-negotiation timing depends on Gothenburg City and prospective tenants.
Management expressed a positive view of the outlook despite external uncertainty.
- Strong revenue and profit growth in H1 2026, driven by investments and high rental demand.AMH2
Q2 2026 - Q1 2026 saw double-digit revenue growth, higher profits, and continued low vacancy rates.AMH2
Q1 2026 - Revenue and operating surplus rose, but net profit fell on lower property revaluation gains.AMH2
Q4 2025 - Strong profit growth and improved outlook, supported by new projects and lower interest costs.AMH2
Q3 2025 - Strong revenue and profit growth driven by new tenants, lower interest costs, and robust demand.AMH2
Q2 2025 - Revenue up, profit down as interest costs rise; construction and rental growth continue.AMH2
Q3 2024 - Revenue up, net income down on higher interest; strong demand and no vacancies.AMH2
Q2 2024 - Net income and revenue grew on strong leasing and property investments.AMH2
Q1 2025 - Strong 2024 results with rising income, robust demand, and lower financing costs ahead.AMH2
Q4 2024
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