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Patriam Invest (PATRIAM) investor relations material
Patriam Invest Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.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.
- Net loss despite higher income; equity and project pipeline set for 2025 growth.PATRIAM
Q4 202419 Dec 2025 - Q1 2025 marked a challenging quarter with losses, but new projects and market recovery are expected.PATRIAM
Q1 2025 TU19 Dec 2025 - Profit turned positive and project activity increased despite a slow housing market.PATRIAM
Q2 202519 Dec 2025
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