Arlandastad Group (AGROUP) Q3 2025 earnings summary

Executive summary

• Property portfolio market value reached SEK 6,794 million as of Q3 2025, up from SEK 6,611 million year-over-year.

• Major development projects at Arlandastad and Skavsta, with a total project and building rights portfolio requiring SEK 45–50 billion in investments.

• Strategic partnerships and joint ventures, notably with BRA Bygg in Skavsta, have unlocked significant value and support long-term growth.

• Cost-saving measures implemented, expected to yield SEK 30 million in annual savings; SEK 15.7 million realized during the period.

• High business activity, including new joint ventures and significant land sales.

Financial highlights

• Revenue for Jan–Sep 2025 was SEK 246.3 million, stable compared to SEK 246.8 million last year; Q3 revenue was SEK 76.6 million (74.8).

• Net profit for the nine months was SEK 65.3 million, a turnaround from a loss of SEK -57.5 million year-over-year; Q3 net profit was SEK 48.5 million (12.2).

• Unrealized property value changes contributed SEK 153.3 million (SEK 34.4 million last year).

• NAV per share increased to SEK 86.3 (SEK 85.1 last year).

• Loan-to-value ratio remained at 24%.

Outlook and guidance

• Interest rate cuts are expected to improve the investment climate and increase market activity.

• Demand for new establishments is trending positively, with signs of gradual recovery in the transaction market.

• Ongoing efficiency and partnership strategies are expected to continue driving value creation.

• Development pace remains high, with 90,000 sqm of building rights activated in 2025, far above historical annual levels.