Slottsviken (SLOTT) Q3 2025 earnings summary

Executive summary

• Substantial focus on upgrading and modernizing older properties, with renovations impacting short-term earnings but expected to enhance long-term value and returns.

• Acquisition of a new property in Göteborg (Sävenäs 170:18) with 1,500 sqm, fully leased, increasing annual rental value by 1.5 MSEK.

• Celebrated 28 years as a listed company, emphasizing long-term stability.

Financial highlights

• Net asset value per share rose to 44.68 SEK as of September 30, 2025, up 1.2% from June 30, 2025, and 14% year-over-year.

• Q3 2025 revenues were 2,915 TSEK (down from 3,955 TSEK YoY); operating profit was 697 TSEK (1,683 TSEK YoY); net profit after tax was 614 TSEK (1,498 TSEK YoY); EPS was 0.21 SEK (0.65 SEK YoY).

• For Jan–Sep 2025, revenues reached 9,528 TSEK (8,874 TSEK YoY); operating profit was 2,753 TSEK (2,741 TSEK YoY); net profit after tax was 2,393 TSEK (2,885 TSEK YoY); EPS was 0.90 SEK (1.24 SEK YoY).

• Dividend of 0.10 SEK per share paid in May.

Outlook and guidance

• Continued investments in property upgrades and energy efficiency expected to support long-term value, despite short-term earnings impact.

• Additional 1,500 sqm of managed area from the new acquisition will increase rental income from Q4 2025.