Nivika Fastigheter (NIVI) investor relations material

Executive summary

• Achieved strong growth in revenue, operating surplus, and management result in Q2 2026, driven by a strategic shift toward a focused commercial property portfolio and active capital allocation.

• Completed significant property acquisitions and divestments, including SEK 253 million in commercial acquisitions and SEK 600 million in residential/office divestments.

• Share repurchases of SEK 188 million were executed, with nearly 5.4 million shares cancelled to enhance per-share metrics.

• Ongoing optimization of existing portfolios and capital allocation, including share buybacks and dividend distribution.

• Financial position remains robust, with a loan-to-value ratio of 53% and expanded sustainability-linked financing.

Financial highlights

• Q2 2026 rental income rose 16% year-over-year to SEK 223 million; operating surplus up 15% to SEK 165 million.

• Management result increased 17% to SEK 76 million for the quarter; profit for the period surged to SEK 110 million (from SEK 30 million).

• Earnings per share for Q2 2026 reached SEK 2.45, up from SEK 0.90 in Q2 2025; for H1 2026, EPS was SEK 2.45 (up from SEK 0.90).

• Cash flow from operating activities before working capital changes increased 15% to SEK 152 million in Q2.

• Property value at period-end was SEK 13,712 million, up from SEK 12,593 million year-over-year.

Outlook and guidance

• Continued focus on acquiring high-yielding commercial properties and divesting lower-yielding assets.

• Growth strategy centers on optimizing existing assets and maintaining high occupancy rates.

• Positive market conditions for industrial and warehouse acquisitions; strong pipeline of opportunities.

• Ongoing transition expected to further strengthen profitability and key performance indicators.