Fastator (FASTAT) Q4 2025 earnings summary

Executive summary

• 2025 was marked by a major recapitalization, reducing debt by 1,757 MSEK and increasing NAV by the same amount, shifting NAV from -249 MSEK to 1,508 MSEK post-recapitalization.

• The recapitalization included new liquidity via a new bond and conversion of most existing bond debt into equity, significantly improving solvency from -11.5% to 63.3%.

• The company focused on restoring the balance sheet, securing liquidity, and establishing a sustainable capital structure.

• Portfolio streamlining and strategic clarity remain priorities for 2026.

Financial highlights

• Full-year revenue was 225.8 MSEK, down from 332.3 MSEK year-over-year.

• Net loss attributable to shareholders was -549.1 MSEK (prior year: -470.8 MSEK).

• Q4 revenue was 56.0 MSEK (Q4 2024: 75.7 MSEK); Q4 net loss was -355.7 MSEK (Q4 2024: -89.3 MSEK).

• Value changes in investment properties were -243.8 MSEK for the year and -239.3 MSEK in Q4.

• Result from associates and joint ventures was -136.0 MSEK for the year.

Outlook and guidance

• The recapitalization provides a strong financial base for long-term value creation and growth.

• Ongoing efforts to divest properties and secure alternative financing for subsidiary Point Properties.

• Focus for 2026 is on portfolio development, cash flow strengthening, and strategic direction.