Fastighetsbolaget Emilshus (EMIL) Q4 2025 earnings summary

Executive summary

• Income rose 33% year-over-year to MSEK 896, driven by property acquisitions and rent adjustments.

• Profit from property management increased 39% to MSEK 414, with per-share growth of 25%.

• Net profit for the year reached MSEK 524, up from MSEK 288, with EPS before dilution at SEK 3.86.

• Operating cash flow grew 41% to MSEK 379.

• 78 properties were acquired during the year, expanding the portfolio to 233 properties and 1,188 ksqm.

Financial highlights

• Net operating income increased 32% to MSEK 713.

• Surplus ratio remained stable at 80%.

• Unrealized changes in value of investment properties contributed MSEK 262 to earnings.

• Net investments totaled MSEK 3,098, mainly in property transactions.

• Economic occupancy rate held steady at 95%.

Outlook and guidance

• Forecast for 2026: profit from property management expected to reach MSEK 480 with the current portfolio and announced acquisitions.

• Continued focus on reinvesting cash flows for growth, with no ordinary share dividend proposed for 2025.