Fastator (FASTAT) Q1 2025 earnings summary

Executive summary

• Net loss for Q1 2025 was -76.2 MSEK, a significant improvement from -248.0 MSEK in Q1 2024, but the company remains in a challenging financial position.

• Revenue for the quarter was 60.4 MSEK, down from 111.5 MSEK year-over-year.

• The company is focused on strengthening governance, financial sustainability, and restoring long-term value.

Financial highlights

• Total comprehensive income for Q1 2025 was -76.2 MSEK compared to -248.0 MSEK in Q1 2024.

• Revenue decreased to 60.4 MSEK from 111.5 MSEK year-over-year.

• Value changes in investment properties were +7.9 MSEK versus -53.1 MSEK last year.

• Net interest-bearing debt increased to 1,625.5 MSEK (from 1,555.7 MSEK), with LTV rising to 86.0%.

• NAV per share fell to 3.44 SEK from 4.41 SEK at year-end 2024.

Outlook and guidance

• The company continues to face strained liquidity and significant refinancing needs, with ongoing efforts to sell assets and renegotiate debt terms.

• Focus remains on financial discipline, transparency, and portfolio strategy to rebuild trust and stability.