Titania (TITA) investor relations material

Executive summary

• Net sales for January–June 2026 increased to 57,823 tkr from 42,926 tkr year-over-year, driven by higher rental income and a larger property portfolio.

• Operating profit before value changes rose to 32,798 tkr from 9,412 tkr year-over-year.

• Unrealized value changes totaled 338,531 tkr, mainly from ongoing projects.

• Profit before tax was 235,891 tkr, down from 300,385 tkr year-over-year, mainly due to lower unrealized value changes and higher interest expenses.

• The company continues to expand its housing portfolio, focusing on small houses in the Stockholm region.

Financial highlights

• Rental income for January–June 2026 was 56,651 tkr, up from 40,549 tkr year-over-year.

• Operating surplus (driftnetto) reached 49,067 tkr, compared to 33,701 tkr year-over-year.

• Net profit for the period was 148,065 tkr, down from 254,181 tkr year-over-year.

• Earnings per share before dilution were 1.79 kr (3.55 kr year-over-year).

• Cash flow from operating activities was -87,548 tkr, and total cash flow for the period was -166,659 tkr.

Outlook and guidance

• The company expects continued demand for small houses, supported by demographic trends in Stockholm.

• Ongoing expansion of the property portfolio is planned, with a focus on flexible project execution and maintaining a dual business model (rental and sale of units).