Slottsviken (SLOTT) Q2 2025 earnings summary

Executive summary

• Net asset value per share rose to 44.14 SEK as of June 30, 2025, up 12.7% from March 31 and 19.1% year-over-year.

• Revenues for H1 2025 increased to 6.6 MSEK from 4.9 MSEK year-over-year, with operating profit up to 2.1 MSEK.

• Result after tax for H1 2025 was 2.1 MSEK, up from 1.4 MSEK year-over-year.

• Dividend of 0.10 SEK per share was distributed for the first time.

• Acquisition of a 16 MSEK property in Göteborg post-period, adding 1,500 sqm of light industrial space.

Financial highlights

• Q2 2025 revenues: 3.2 MSEK (up from 2.7 MSEK year-over-year); operating profit: 1.05 MSEK (up from 0.65 MSEK); net profit after tax: 0.93 MSEK (up from 0.74 MSEK).

• H1 2025 EPS: 0.69 SEK (up from 0.58 SEK year-over-year).

• Loan-to-value (LTV) ratio decreased to 39% from 47% year-over-year.

• Cash flow from operations for H1 2025 was 1.1 MSEK, down from 8.5 MSEK year-over-year.

• Available liquidity at period end: 6.7 MSEK.

Outlook and guidance

• Continued focus on property upgrades and energy efficiency expected to enhance long-term asset value, despite short-term impact on earnings.

• No significant events reported post-period other than the Göteborg property acquisition.