Kallebäck Property Invest (KAPIAB) H1 2026 earnings summary

Executive summary

• Rental income increased by 5.4% year-over-year to 48,198 Tkr for H1 2026, driven by rent supplements and CPI adjustments.

• Net operating income rose 7.5% to 46,098 Tkr, reflecting higher revenues and lower property costs.

• Profit after tax reached 27,767 Tkr, up from 20,580 Tkr in H1 2025, with EPS at 7.61 kr (5.64 kr last year).

• The property remains fully leased to Saab AB until end-2031, ensuring stable cash flows.

Financial highlights

• Operating profit (förvaltningsresultat) increased 11.8% year-over-year to 32,748 Tkr.

• Unrealized value change on financial instruments was 2,213 Tkr (vs. -3,376 Tkr last year); no change in property value.

• Cash flow from operations was 39,243 Tkr, down from 51,796 Tkr in H1 2025.

• Equity at period end was 593,735 Tkr; loan-to-value ratio improved to 41.0%.

• Dividend of 12 kr per share decided but not yet paid.

Outlook and guidance

• No significant events after the reporting period.

• The company expects continued stable income due to the long-term lease with Saab AB and full CPI indexation.