KlaraBo Sverige (KLARA) Q2 2025 earnings summary

Executive summary

• Q2 revenue grew 15% year-over-year, driven by acquisitions, rent increases, and a strategic Helsingborg acquisition with a 5% initial yield.

• Net operating income increased 13% and income from property management rose 25% year-over-year in Q2.

• 42 apartments renovated in Q2, totaling 100 in H1, a 32% year-over-year increase.

• Real occupancy rate improved to 97.2%, up 0.4 percentage points sequentially.

• Q2 profit declined year-over-year, mainly due to negative derivative value changes.

Financial highlights

• Q2 revenue: SEK 180.5 million (up from 157.5 million); H1 revenue: SEK 355.6 million (up from 314.2 million).

• Q2 net operating income: SEK 110 million (up from 96.9 million); H1: SEK 192.8 million (up from 170.3 million).

• Q2 income from property management: SEK 46.5 million (up from 37.3 million); per share up 7.1%.

• Investment properties valued at SEK 10.4 billion at period end.

• Changes in value: properties +SEK 33.5 million, derivatives -SEK 68.4 million.

Outlook and guidance

• Positioned for continued organic growth with high renovation activity and stable occupancy.

• Lower capital costs and interest rate cuts expected to support further value-creating activities and acquisitions.

• Strong financial position and resilient business model despite macroeconomic turbulence.