John Mattson (JOMA) Q2 2026 earnings summary

Executive summary

• Achieved strong growth across all value drivers, with significant contributions from new production and acquisitions, including the Uppsala expansion.

• Forvaltningsresultat (management result) per share increased by 30.3% year-over-year; adjusted for a one-time dividend, growth was 8.2%.

• Long-term net asset value per share rose by 9.2%, adjusted for a dividend of 0.25 SEK per share.

• Strategic establishment in Uppsala, launch of a share buyback program up to 100 MSEK, and joint venture with Besqab for two projects totaling 340 apartments.

• Earnings after tax for the period reached SEK 315.3 million, up from SEK 173.1 million, corresponding to SEK 4.21 per share.

Financial highlights

• Revenue increased by 4.1% compared to Q2 2025, with rental revenue for Jan–Jun 2026 at SEK 349.5 million.

• Property costs rose by 2.1% year-over-year.

• Operating surplus grew by 4.9% year-over-year, with net operating income at SEK 254.4 million for H1 2026.

• Management result reached 88.1 MSEK for Q2 2026, up from 61.2 MSEK in Q2 2025.

• Net profit for the period was 163.0 MSEK in Q2 2026, compared to 39.1 MSEK in Q2 2025.

Outlook and guidance

• Growth plan is on track, focusing on value creation through project development, apartment upgrades, and expansion into new markets.

• Production pace for upgrades is 246 apartments per year, with a long-term target of starting 250 apartments per year and new care home projects initiated.

• Energy consumption reduced by 6.3% year-over-year; ongoing projects expected to realize 10% total energy savings.