Hotel Fast SSE (HOTEL) Q4 2025 earnings summary

Executive summary

• Control balance sheet showed equity below half of registered share capital, triggering legal actions and extraordinary general meetings.

• Major asset sale: Agreement to sell all shares in Property Lund AB, including First Hotel Planetstaden and main group properties, with proceeds mainly to settle external debts.

• After the sale, the group no longer operates its core business; future depends on debt settlements and strategic alternatives.

Financial highlights

• Net revenue for 2025 was 58.7 MSEK, down from 88.5 MSEK year-over-year.

• Operating result (EBIT) for 2025 was -38.6 MSEK, impacted by a 50.2 MSEK property write-down.

• Net result for 2025 was -38.6 MSEK, similar to -39.0 MSEK in 2024.

• Cash flow from operations for 2025 was -9.8 MSEK, improved from -22.3 MSEK in 2024.

• Equity at year-end was -54.7 MSEK, compared to -16.3 MSEK previous year.

Outlook and guidance

• Continued operations depend on successful debt settlements, financing of remaining obligations, and execution of a new strategic direction.

• If these conditions are not met, liquidation is possible.