K-fast Holding Ab Class B · OMXSTO:KFAST_B
K-fast Holding Ab Class B — Q3 2025 Earnings Presentation
25 slides from K-fast Holding Ab Class B's earnings presentation, Nov 7, 2025
Slide 1: January – September
K-Fastigheter is constructing 133 apartments in Lateral Low-Rise buildings on the property Gävle Sätra 108:20 in northern Gävle. JANUARY – SEPTEMBER “The world around us will always be changing, and our potential success is dependent on how quickly we can adapt.” K-FAST HOLDING AB - corp. ID no.: 55
Slide 2: The Quarter and Period in Brief
THE QUARTER AND PERIOD IN BRIEF January-September valuation of the Group’s interest rate derivatives, amounting to SEK comprising 72 apartments, a partial phase in Ale comprising 40 -82.0 million (-117.4). This was driven by lower long-term market apartments, and a partial phase in Ballerup (Denmark
Slide 3: The Quarter and Period in Brief (cont.)
THE QUARTER AND PERIOD IN BRIEF (CONT.) Significant events after the end of the period in Björlanda on Hisingen. Together with Alhem Fastigheter AB, amounts to SEK 45.7 million. Possession will take place in stages, • On 8 October 8 Brinova Fastigheter published that Brinova’s CEO, K-Fastigheter int
Slide 4: Comments from the CEO
COMMENTS FROM THE CEO TO THE SHAREHOLDERS IN K-FAST HOLDING AB The third quarter was relatively uneventful compared development and the completion of properties developed in-house are with the first half of the year, when we announced the business areas within K-Fastigheter that generate the highest
Slide 5: Comments from the CEO (cont.)
COMMENTS FROM THE CEO (CONT.) and prioritized are prioritized over volume. We initiated a savings with the Gothenburg-based property company Alhem Fastigheter AB. property investor Viga Real Estate, to which K-Fastigheter previously made programme during the quarter. The first phase involves an adju
Slide 6: Construction
CONSTRUCTION The Group’s Building operations comprise activities in project 20. At the end of the period, the project development portfolio companies, where all frame elements included in the Group’s concept development, prefab manufacture of frame solutions and construction comprised 1,793 apartmen
Slide 7: Property Management
PROPERTY MANAGEMENT Within the Property Management segment, the Group manages Brinova Fastigheter AB Property value by Property value by Since 1 April 2025, K-Fast Holding AB holds a 57.6 percent construction year, % geography, % properties that have been either developed or acquired through wholly
Slide 8: Property Portfolio
PROPERTY PORTFOLIO Completed investment properties Lettable area, m2 Property value Rental value Occupancy rate Contractual rent Operating costs* Operating surplus Community Apartments Housing Premises Total SEK m SEK/m 2 SEK m SEK/m 2 % SEK m SEK m SEK/m 2 SEK m SEK/m2 service properties K-Fast Hol
Slide 9: Valuation
VALUATION Each quarter, the K-Fastigheter Group conducts an external 2025 2024 2024 Investment properties (SEK m) independent valuation of all completed investment properties and 30 Sep 30 Sep 31 Dec properties in construction. The valuation forms the basis for fair value Completed investment proper
Slide 10: Financing
FINANCING On 26 June 2025, K-Fastigheter issued its first bonds, amounting to SEK Developments during the period 2025 2024 2024 Interest-bearing liabilities (SEK m) 500 million. Aside from the aforementioned bonds, the Group’s assets At the end of the period, the Group's interest-bearing liabilities
Slide 11: Comprehensive Income January-September 2025
COMPREHENSIVE INCOME JANUARY-SEPTEMBER 2025 The following profit and cash flow items relate to the period 1 January 2025 Profit before changes in value but including percentage of completion Changes in the value of completed investment properties amounted to 30 September 2025. Comparative items rela
Slide 12: Financial Position as of 30 September 2025
FINANCIAL POSITION AS OF 30 SEPTEMBER 2025 Intangible assets Investment properties interests. Total equity attributable to the parent company’s shareholders Intangible assets comprise goodwill and other intangible assets At the end of the period, the value of investment properties totaled SEK amount
Slide 13: Comprehensive Income
COMPREHENSIVE INCOME Consolidated Statement of Comprehensive Income in summary Segment reporting 2025 2024 2025 2024 Oct 2024 2024 2025 Property SEK m Construction Other Eliminations Group Jul–Sep Jul–Sep Jan–Sep Jan–Sep –Sep 2025 Jan–Dec Jan–Sep, SEK m Management Rental income 297.5 150.2 768.7 452
Slide 14: Financial Position
FINANCIAL POSITION Consolidated Statement of Financial Position in summary 2025 2024 2024 2025 2024 2024 SEK m 31 Dec SEK m 31 Dec 30 Sep 30 Sep 30 Sep 30 Sep ASSETS EQUITY AND LIABILITIES Property, plant and equipment Equity Intangible assets 611.2 463.9 462.3 Share capital 65.6 65.6 65.6 Investmen
Slide 15: Cash Flow Statement, Parent Company Financial Statements
CASH FLOW STATEMENT PARENT COMPANY FINANCIAL STATEMENTS Consolidated Cash Flow Statement in summary Parent Company Income Statement in summary Parent Company Balance Sheet in summary 2025 2024 2025 2024 2024 2025 2024 2024 2025 2024 2024 SEK m SEK m Assets, SEK m Jul–Sep Jul–Sep Jan–Sep Jan–Sep Jan–
Slide 16: Key Performance Indicators
KEY PERFORMANCE INDICATORS In the Interim Report, K-Fastigheter presents certain financial 2025 2024 2025 2024 2024 Oct 2024 Property-related KPIs measures that are not defined in accordance with IFRS. K-Fastigheter Jul–Sep Jul–Sep Jan–Sep Jan–Sep –2025 Sep Jan-Dec believes that these measures provi
Slide 17: Other Information
OTHER INFORMATION Opportunities and risks for the Group For complete accounting principles, please refer to K-Fast Holding AB’s The operations are organized in two operating segments, Property Preparing financial statements in accordance with IFRS requires Group 2024 Annual Report. No accounting pol
Slide 18: The Share and Shareholders
THE SHARE AND SHAREHOLDERS K-Fast Holding AB’s Class B shares (ticker: KFAST B) were launched on was SEK 16.13. The highest price paid in the period was SEK 26.90 on Share price, Nasdaq Stockholm in the Real Estate segment in 2019. At the end of the 2 October 2024, and the lowest price paid was SEK
Slide 19: Signatures, Auditors' Review Report
AUDITORS’ REVIEW SIGNATURES REPORT The Board of Directors and the CEO provide their assurance that Introduction the Interim Report provides a true and fair view of the operations, We have reviewed the condensed Interim Report for K-Fast Holding financial position and performance of the Parent Compan
Slide 20: K-Fastigheter's Concept Buildings
K-FASTIGHETER'S CONCEPT BUILDINGS Low-Rise – flexible buildings Lateral Low-Rise – variation and with a wide range of choice space efficiency K-Fastigheter’s Low-Rise one to three-story K-Fastigheter’s neighborhood-structure multi-family buildings can be constructed either as semi- dwellings can be
Slide 21: K-Fastigheter's Concept Buildings
K-FASTIGHETER'S CONCEPT BUILDINGS Apartment Block and Apartment is a rectangular structure containing six apartments K-Commercial is constructed with a stabilizing Block Plus - residential buildings per story. Apartment Block Plus is a hybrid, which external and inner core where four wall panels cre
Slide 22: Reconciliation Table
RECONCILIATION TABLE Property-related KPIs 2025 2024 2025 2024 Oct 2024 2024 Definition Motivation Jul-Sep Jul-Sep Jan-Sep Jan-Sep - Sep 2025 Jan-Dec Rental value, SEK m A Contract value on an annual basis at the end of the period, SEK m 1,241.0 624.7 1,241.0 624.7 1,241.0 655.0 Closing annual rent
Slide 23: Reconciliation Table Cont.
RECONCILIATION TABLE CONT. Financial KPIs 2025 2024 2025 2024 Oct 2024 2024 Definition Motivation Jul-Sep Jul-Sep Jan-Sep Jan-Sep - Sep 2025 Jan-Dec Interest coverage ratio, multiple A Profit before changes in value for the period in accordance with the Income Statement, 53.7 24.4 152.3 78.4 172.5 9
Slide 24: Reconciliation Table Cont.
RECONCILIATION TABLE CONT. KPIs related to K-Fastigheter’s financial targets 2025 2024 2025 2024 Oct 2024 2024 Definition Motivation Jul-Sep Jul-Sep Jan-Sep Jan-Sep - Sep 2025 Jan-Dec Profit from Property Management, SEK m A Gross profit from Property Management for the period in accordance with seg
Slide 25: Reconciliation Table Cont.
RECONCILIATION TABLE CONT. KPIs related to K-Fastigheter’s financial targets cont. 2025 2024 2025 2024 Oct 2024 2024 Definition Motivation Jul-Sep Jul-Sep Jan-Sep Jan-Sep - Sep 2025 Jan-Dec Long-term net asset value (NAV), SEK m A Equity attributable to Parent Company shareholders at the end of the