Magnolia Bostad (MAG) Q3 2025 earnings summary

Executive summary

• Completed 725 residential units in Q3 and over 1,500 year-to-date, approaching 15,000 total since inception in 2009.

• Sold two projects via forward funding: 310 units in Kista (in production) and 140 in Tyresö (construction starting Q4).

• Extended revolving credit facility and refinanced bonds, increasing average capital commitment period to 2.3 years.

• Focused on metropolitan regions, with 53% of residencies in production located there.

Financial highlights

• Net sales for Jan–Sep 2025: SEK 405m (down from SEK 1,479m year-over-year); Q3 net sales: SEK 23m (down from SEK 148m).

• Operating loss Jan–Sep: SEK 190m (improved from SEK -647m); Q3 operating loss: SEK 29m (improved from SEK -99m).

• Loss after tax Jan–Sep: SEK 366m (improved from SEK -856m); Q3 loss after tax: SEK 83m (improved from SEK -165m).

• Gross profit Jan–Sep: SEK -76m (vs. SEK -395m prior year).

• Cash and cash equivalents at period end: SEK 257m (up from SEK 128m at start of year).

Outlook and guidance

• Estimated 1,600 residencies to be completed in the next 12 months.

• Over 9,000 building rights in portfolio, with 60% having completed zoning plans and 73% located in metropolitan regions.

• Improved financing conditions expected due to Riksbank’s rate cut to 1.75%.