KMC Properties (KMCP) Q2 2025 earnings summary

Executive summary

• All 2025 income and expenses are classified as discontinued operations following the 2024 transaction with Logistea AB.

• Reported a deficit of NOK 8 million for H1 2025, mainly due to administrative and legal costs.

• No new operational activities established post-transaction; strategic options are being explored.

• CEO Christian Linge appointed in May 2025 to focus on re-establishing operations.

Financial highlights

• Deficit of NOK 8 million for the first half of 2025, attributed to reporting, legal, and CEO expenses.

• Cash and cash equivalents stood at NOK 4 million as of 30 June 2025.

• Equity position is negative, with the board recommending measures to address lost equity.

Outlook and guidance

• Board and management are evaluating strategic alternatives to re-establish operational activities.

• CEO to focus on restarting business, either directly or via subsidiaries.