Preservia Hyresfastigheter (PHYR PREF) Q4 2024 earnings summary

Executive summary

• Net sales for 2024 were 0.0 MSEK, down from 0.2 MSEK in 2023, reflecting no operating revenue during the year.

• Operating result before depreciation improved to -1.4 MSEK from -4.7 MSEK year-over-year, mainly due to lower personnel and external costs.

• Result after tax was -1.4 MSEK, a significant improvement from -4.7 MSEK in 2023.

• Cash flow for the year was -0.0 MSEK, compared to -0.2 MSEK in the previous year.

• No employees remain in the company as of year-end.

Financial highlights

• For July–December 2024, net sales were 0.0 MSEK (0.0), operating result before depreciation -0.6 MSEK (-1.0), and result after tax -0.6 MSEK (-1.0).

• Cash flow for July–December 2024 was -0.3 MSEK (-0.5).

• Result per share for the full year was -0.07 SEK (-0.24), and for July–December -0.03 SEK (-0.05).

• Solid equity ratio at 99.74% at year-end, up from 94.42% last year.

• All long-term liabilities were repaid during the year; no interest-bearing debt remains.

Outlook and guidance

• Management believes current liquidity and expected inflows are sufficient to cover operational costs and commitments for the next 12 months.

• A proposal for a simplified ownership structure and potential fusion will be presented to shareholders in 2025.