Fastighetsbolaget Emilshus (EMIL) Q4 2025 earnings summary

Executive summary

• Revenue increased by 33% to SEK 896 million year-over-year, driven by property acquisitions and rental adjustments.

• Operating profit (förvaltningsresultat) rose 39% to SEK 414 million, with a 25% increase per common share.

• Net income for the year was SEK 524 million, up from SEK 288 million, corresponding to SEK 3.86 per common share.

• Cash flow from operations grew 41% to SEK 379 million.

• The company completed acquisitions of 78 properties for SEK 3.2 billion, expanding its presence in southern Sweden.

Financial highlights

• Q4 revenue increased 40% year-over-year to SEK 253 million; operating profit up 30% to SEK 110 million.

• Property value at year-end was SEK 12,307 million, up from SEK 8,940 million.

• Economic occupancy rate remained stable at 95%.

• Direct yield for the year was 6.6%.

• Return on equity was 12% for the year.

Outlook and guidance

• Forecasted operating profit for 2026 is SEK 480 million, based on current property holdings and announced acquisitions.

• No dividend proposed for common shares; SEK 2.00 per preference share proposed, in line with policy.