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Hufvudstaden (HUFV-A) investor relations material
Hufvudstaden Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Rent revenue from property management rose 6% year-over-year to SEK 2,453 million, with total net revenue at SEK 3,292 million, up from SEK 3,179 million.
Gross profit increased 5% to SEK 1,635 million, driven by improved performance at NK and higher office rents.
Net result for the year was SEK 837 million, more than doubling from SEK 365 million the previous year.
The Board proposes an increased dividend to SEK 2.90 per share.
Buyback of 8 million Class A shares for SEK 1,018 million was completed.
Financial highlights
Operating result reached SEK 1,400 million, up from SEK 884 million year-over-year.
Unrealised changes in value of investment properties were SEK -174 million, a smaller negative impact than the previous year's SEK -603 million.
Net financial income and expense was SEK -344 million, with interest coverage ratio at 4.5x.
Equity ratio stood at 56%, down from 59% last year.
Net loan-to-value ratio increased to 24.5% from 21.4%.
Outlook and guidance
Retail sector showed slight growth in the last quarter, with increased optimism for future store openings.
Modern, flexible office offerings in central locations remain in high demand, with strong occupancy rates in major development projects.
The Board proposes a higher dividend for 2025, reflecting confidence in future cash flows.
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