K-Fast (KFAST) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue was SEK 1,840.8m versus SEK 1,361.8m; period profit was SEK 259.7m versus a SEK 37.9m loss. Debt reduction continued.

• Construction starts reached 835 against a target of 800; debt reduction, property divestments and preparation for a Brinova share distribution remained priorities.

Financial highlights

• Profit before value changes was SEK 208.8m versus SEK 152.3m; profit before tax was SEK 393.6m versus SEK 9.5m.

• EPS attributable to parent shareholders was SEK 0.59 versus a loss of SEK 0.36. Property value changes added SEK 135.0m and derivative changes SEK 49.7m.

• Construction income was SEK 1,424.1m versus SEK 1,436.6m; gross profit rose to SEK 168.3m from SEK 133.4m.

• Property Management income was SEK 854.3m versus SEK 765.8m; profit before value changes rose 45% to SEK 268.0m.

Outlook and guidance

• Construction starts are expected to total 835 apartments in 2026, above the target of 800; building work on 325 Veddesta apartments is scheduled to begin in Q4.

• Improving construction activity, positive external order value development and a stabilized cost base support a positive segment earnings trend.

• Brinova share distribution remains a priority, conditional on further divestments, stronger finances and lower debt; timing depends on meeting financial conditions.

• Property divestments are intended to reduce operating debt while preserving financial stability and capacity for construction starts.