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Patriam Invest Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary12 May, 2026

Executive summary

  • Total operating income increased to SEK 537.4 million for Jan–Dec 2025, up from SEK 459.1 million year-over-year.

  • Operating result fell to SEK -41.5 million from SEK 25.2 million, with net result at SEK -98.6 million (previously SEK -58.8 million).

  • Significant project write-downs, especially for Lilla Essingen, due to market revaluation and cost inflation.

  • Successful refinancing and new green bond issuance; Propellerhuset project sold out ahead of schedule.

  • Strengthened project portfolio and sustainability efforts, with Moody’s awarding an “Excellent” rating for green bond.

Financial highlights

  • Operating income: SEK 537.4 million (SEK 459.1 million year-over-year).

  • Operating result: SEK -41.5 million (SEK 25.2 million year-over-year).

  • Net result: SEK -98.6 million (SEK -58.8 million year-over-year).

  • Total assets: SEK 968.2 million (SEK 786.3 million year-over-year).

  • Equity ratio: 27.1% (30.9% year-over-year).

Outlook and guidance

  • Focus on accelerating project starts and parallel productions in 2026.

  • Market normalization expected in the second half of 2026, with stabilization in inflation and anticipated rate cuts.

  • Continued expansion and recruitment in key areas to support growth.

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