Mofast (MOFAST) Q1 2026 earnings summary

Executive summary

• Q1 2026 showed a positive start with continued stable development of the property portfolio and improved pre-tax profit year-over-year.

• The company focuses on long-term, stable, risk-adjusted returns through well-located properties with low vacancy.

• Major property sales and contract extensions were executed, including a significant transaction with Episurf Medical AB.

Financial highlights

• Rental income for Q1 2026 was SEK 51.6m, down from SEK 56.6m in Q1 2025, mainly due to property disposals.

• Net operating income was SEK 29.6m (Q1 2025: SEK 33.1m).

• Management result was SEK 9.5m (Q1 2025: SEK 10.1m).

• Profit before tax increased to SEK 14.9m from SEK 1.4m year-over-year.

• Equity ratio improved to 48.0% (Q1 2025: 45.7%).

• Loan-to-value ratio decreased to 48.4% (Q1 2025: 51.4%).

Outlook and guidance

• The company expects continued stable development and looks forward to further collaboration with Episurf Medical AB in Q2.

• The policy is to distribute 30–50% of management result after tax as dividends.