Besqab (BESQAB) investor relations material

Executive summary

• Q2 2026 saw strong sales, rising profitability, and increased production starts, supported by robust demand and a positive housing market in Stockholm.

• Majority ownership in Wallin was achieved, consolidating it as a subsidiary and expanding premium segment exposure.

• Strategic expansion included new joint ventures and a major land acquisition in Solna.

• Profit growth continued, with higher margins and increased return on equity.

Financial highlights

• Q2 2026 segment net sales were SEK 872.6 million (928.1), gross profit SEK 166.9 million (115.9), gross margin 19.1% (12.5), operating income SEK 112.2 million (54.6), operating margin 12.9% (5.9), and net profit SEK 102.4 million (58.2).

• IFRS: Net sales SEK 1,439.9 million (179.7), operating profit SEK 164.0 million (-79.8), net profit SEK 156.5 million (-91.6), equity SEK 3,122.5 million (3,009.0), solidity 46.8% (51.7).

• Balance sheet total was SEK 6,667 million, with an equity ratio of 46.8%.

• Net debt (IFRS) SEK 2,081.4 million, cash SEK 451 million.

• Dividend of SEK 87.6 million paid to preference shareholders; no dividend planned for common shares.

Outlook and guidance

• Positive outlook for the housing market, supported by low inflation, lower mortgage rates, tax cuts, and new mortgage rules.

• Strategy focuses on central locations in Stockholm/Uppsala, aiming for at least 2,000 homes in production by 2027.

• Production starts expected to match previous year, with continued focus on increasing volumes and profitability.