John Mattson (JOMA) Q4 2025 earnings summary

Executive summary

• Financial targets exceeded, with management result per share up 14.6% and long-term net asset value per share up 7.4% year-over-year.

• Rental revenue grew 4.7% to SEK 673.0 million and net operating income rose 5.9% to SEK 487.0 million.

• Board proposed a dividend of SEK 0.25 per share and initiated a SEK 100 million share buyback program.

• Sustainability initiatives advanced, including energy efficiency, reduced emissions, and social engagement.

• Continued progress in sustainability and adherence to growth plans.

Financial highlights

• Revenue increased by 4.7% and property costs rose by 1.6% compared to the previous year.

• Operating surplus grew by 5.9% year-over-year, with a surplus ratio of 72.4%.

• Management result reached SEK 223.3 million, up from SEK 195.1 million.

• Net profit for the year was SEK 397.2 million, compared to SEK 433.5 million last year.

• Investments totaled SEK 261.7 million, with 130 apartments upgraded.

Outlook and guidance

• Well positioned for future growth and continued expansion, with a focus on value-adding investments.

• Plans to restart infill development projects in 2026, targeting 250 apartments per year.

• Dividend policy set at 30% of annual income from property management after standard tax.

• Economic recovery is beginning, but geopolitical uncertainty persists.