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Boho Group (BOHO) investor relations material

Boho Group Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary18 Jul, 2025

Executive summary

  • Operating profit improved by SEK 3.4 million in Q2 2025, reaching SEK 26 thousand despite a 6% drop in operator revenue and challenging weather conditions.

  • Gross profit in Q2 rose to SEK 2.9 million from SEK 0.1 million year-over-year; profit after tax improved to SEK -5.4 million from SEK -9.7 million.

  • Strategic agreements and municipal approvals in Marbella support future expansion and brand positioning.

Financial highlights

  • Q2 2025 operator revenue: SEK 24.9 million (down 6% year-over-year); H1 2025: SEK 39.1 million (down 7%).

  • Q2 EBITDA: SEK 2.2 million (up from SEK -0.5 million); H1 EBITDA: SEK -6.8 million (down from SEK -6.2 million).

  • Q2 earnings per share: SEK -0.09 (improved from SEK -0.17); H1: SEK -0.37 (improved from SEK -0.52).

  • Equity as of June 30, 2025: SEK 159.1 million (down from SEK 210.2 million year-over-year).

  • Cash and cash equivalents at period end: SEK 9.9 million (down from SEK 73.3 million year-over-year).

Outlook and guidance

  • Q3 is expected to be the most significant quarter for earnings and cash flow.

  • Expansion plans for Boho Club include up to 270 rooms and 7-8 restaurants, pending building permits.

  • Continued divestment of non-core apartments expected to support liquidity.

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Quartiers Properties AB is a Sweden-based company focused on property development and management. It operates primarily in the real estate markets of the Costa del Sol in Spain. The company’s activities are divided into two main segments: property development and property management. The development segment involves acquiring projects, which include the creation of residential villas and apartments, leading to either their sale or retention for rental purposes. The property management segment encompasses the operation of apartment hotels and the leasing of developed properties. The company is headquartered in Stockholm, Sweden, and its shares are listed on Nasdaq Stockholm.

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