K-fast Holding Ab Class B · OMXSTO:KFAST_B
K-fast Holding Ab Class B — Q1 2026 Earnings Presentation
26 slides from K-fast Holding Ab Class B's earnings presentation, Apr 29, 2026
Slide 1: K-Fastigheter – More than a real estate company
JA N UA RY – M A RCH K-FASTIGHETER – MORE THAN A REAL ESTATE COMPANY Thanks to a higher share of external orders in our business area Prefab Solutions, combined with an increase in construction starts, we can conclude that we have moved past the low point and have begun the recovery towards stronger
Slide 2: The period in brief
THE PERIOD IN BRIEF January-March • Long-term net asset value (NAV), adjusted for the acquisition of Brinova properties in Växjö, comprising a total of 165 apartments with an underlying Construction Fastigheter AB, amounted to SEK 5,917.2 million (5,987.5) at the end of property value of SEK 123 mil
Slide 3: A message from the CEO
A MESSAGE FROM THE CEO INCREASED ACTIVITY AND A STRENGTHENED FINANCIAL POSITION IN K-FASTIGHETER’S TRANSFORMATION JOURNEY The first quarter of 2026 marked end of the period, had become the company’s third- important steps in our transformation towards several important steps in our ongoing largest s
Slide 4: Construction
CONSTRUCTION The Group’s construction operations comprise activities in project Construction operating segment Construction projects in progress development, prefab manufacture of frame solutions and construction 2026 2025 2025 Rate of management, which are divided into the business areas Project SE
Slide 5: Property Management
PROPERTY MANAGEMENT Within the Property Management operating segment, the Group manages Fastighetsvärde Property value by properties that have been either developed or acquired through wholly Brinova Fastigheter AB Property value per byggår, % by Property value geography, % by construction year, % g
Slide 6: Property portfolio
PROPERTY PORTFOLIO Completed investment properties Operating Lettable area, m2 Property value Rental value Occupancy rate Contractual rent Operating costs* surplus Apart Community Housing Premises Total SEK m SEK/m2 SEK m SEK/m2 % SEK m SEK m SEK/m2 SEK m SEK/m2 ments service properties K-Fast Holdi
Slide 7: Current earnings ability
CURRENT EARNINGS ABILITY Current earnings ability for the business area Property Management, SEK million Construction in 2026 SEK m Completed*** of which Brinova progress 31 Mar Property management income per share, SEK* Rental value 1,226.3 177.0 1,403.3 1,221.0 0.8 Vacancy -70.0 -2.8 -72.8 -66.0 0
Slide 8: Valuation
VALUATION Each quarter, the K-Fastigheter Group conducts an external independent 2026 2025 2025 valuation of all completed investment properties and properties in Investment properties, SEK m 31 Mar 31 Mar 31 Dec construction. The valuation forms the basis for fair value recognized in Completed inve
Slide 9: Financing
FINANCING At the end of the period, the K-Fastigheter Group primarily finances its The debt-to-equity ratio for the Group amounted to 58.1 percent (58.5) 2026 2025 2025 Interest-bearing liabilities, SEK m assets through bilateral bank loans with Nordic banks as counterparties and the loan-to-value r
Slide 10: Comprehensive income January – March 2026
COMPREHENSIVE INCOME JANUARY – MARCH 2026 The following profit and cash flow items relate to the period 1 January Profit before changes in value but including percentage of completion from higher interest-bearing liabilities as a result of more apartments 2026 to 31 March 2026. Comparative items rel
Slide 11: Financial position as per 31 March 2026
FINANCIAL POSITION AS PER 31 MARCH 2026 Intangible assets Business properties and equipment interest-bearing liabilities, SEK 11,604.6 million (12,625.5) related to completed investment properties (including construction credits not Intangible assets comprise goodwill and other intangible assets pri
Slide 12: Comprehensive income
COMPREHENSIVE INCOME Consolidated Statement of Comprehensive Income in summary Segment reporting 2026 2025 2025 Apr– 2025 2026 Property SEK m Construction Other Eliminations Group Jan–Mar Jan–Mar 2026 Mar Jan–Dec Jan–Mar, SEK m Management Rental income 280.3 161.2 1,185.6 1,066.5 Income 282.3 512.7
Slide 13: Financial position
FINANCIAL POSITION 2026 2025 2025 Consolidated Statement of Financial Position in summary Equity and liabilities, SEK m 31 Mar 31 Mar 31 Dec Equity 2026 2025 2025 Assets, SEK m 31 Mar 31 Mar 31 Dec Share capital 65.6 65.6 65.6 Other capital contributions 1,812.4 1,812.4 1,812.4 Property, plant and e
Slide 14: Cash flow statement
CASH FLOW STATEMENT Consolidated Cash Flow Statement in summary 2026 2025 2025 SEK m Jan–Mar Jan–Mar Jan–Dec Operating activities Profit before tax 161.5 23.7 27.1 Adjustment for items not affecting cash flow – Changes in value, investment properties and derivatives -91.0 9.3 147.2 – Other items -11
Slide 15: Parent company financial statements
PARENT COMPANY FINANCIAL STATEMENTS Parent Company Statement of Profit or Loss in summary Parent Company Statement of Financial Position in summary 2026 2025 2025 2026 2025 2025 SEK m Assets, SEK m Jan–Mar Jan–Mar Jan–Dec 31 Mar 31 Mar 31 Dec Net sales 16.5 33.2 72.5 Non-current assets Administratio
Slide 16: Performance measures
PERFORMANCE MEASURES In the Interim Report, K-Fastigheter presents certain financial measures that are not defined in accordance 2026 2025 2025 Apr– 2025 with IFRS. K-Fastigheter believes that these measures provide valuable additional information to investors Jan–Mar Jan–Mar 2026 Mar Jan–Dec and ma
Slide 17: K-Fast Kilen AB
K-FAST KILEN AB K-Fast Kilen AB is a long-term joint venture between K-Fastigheter and 2026 2025 2026 2025 SEK m SEK m Kilenkrysset, focused on the development, construction, and management Jan–Mar Jan–Dec Jan–Mar Jan–Dec of K-Fastigheter’s concept buildings in the Mälardalen region. Since Rental in
Slide 18: Other information
OTHER INFORMATION Opportunities and risks for the Group Market outlook K-Fast Holding AB’s head office is located in Hässleholm. In addition, the Group has production facilities in Hässleholm, Östra Grevie, Vara, Preparing financial statements in accordance with IFRS requires Group K-Fastigheter’s o
Slide 19: The share and shareholders
THE SHARE AND SHAREHOLDERS K-Fast Holding AB’s Class B shares (ticker: KFAST B) were launched on price paid in the last twelve months was SEK 17.84 on 30 July 2025, and Nasdaq Stockholm in the Real Estate segment on 29 November 2019. the lowest price paid was SEK 9.18 on 23 March 2026. On 31 March 2
Slide 20: Signatures
SIGNATURES This Interim Report has not been subject to review by the company’s auditor. The Board of Directors and the CEO provide their assurance that the Interim Report provides a true and fair view of the operations, financial position and performance of the Parent Company and the Group, describi
Slide 21: K-Fastigheter's concept buildings
K-FASTIGHETER’S CONCEPT BUILDINGS LOW-RISE LATERAL LOW-RISE Low-Rise – flexible buildings with Lateral Low-Rise – variation and a wide range of choice space efficiency K-Fastigheter’s Low-Rise one to three-story buildings K-Fastigheter’s neighborhood-structure multi-family concept has a significantl
Slide 22: K-Fastigheter's concept buildings
K-FASTIGHETER’S CONCEPT BUILDINGS APARTMENT BLOCK K- COMMERCIAL The Apartment Block is also available in an adaptation known as Apartment Block Plus. Apartment Block Plus is a rectangular structure containing six separate spaces making K-Commercial an attractive apartments per story. Apartment Block
Slide 23: Reconciliation table
RECONCILIATION TABLE Property-related performance measures 2026 2025 2025 Apr– 2025 Definition Motivation Jan–Mar Jan–Mar 2026 Mar Jan–Dec Rental value, SEK m A Contract value on an annual basis at the end of the period, SEK m 1,179.2 671.3 1,179.2 1,229.1 Closing annual rent plus estimated market r
Slide 24: Reconciliation table cont.
RECONCILIATION TABLE CONT. Financial performance measures 2026 2025 2025 Apr– 2025 Definition Motivation Jan–Mar Jan–Mar 2026 Mar Jan–Dec Interest coverage ratio, multiple A Profit before changes in value for the period in accordance with the Statement of Profit or Loss, SEK m 70.5 33.0 211.8 174.3
Slide 25: Reconciliation table cont.
RECONCILIATION TABLE CONT. Performance measures related to K-Fastigheter's financial targets 2026 2025 2025 Apr– 2025 Definition Motivation Jan–Mar Jan–Mar 2026 Mar Jan–Dec Profit from Property Management, SEK m A Gross profit from Property Management for the period in accordance with segment report
Slide 26: Reconciliation table cont.
RECONCILIATION TABLE CONT. Performance measures related to K-Fastigheter’s financial targets cont. 2026 2025 2025 Apr– 2025 Definition Motivation Jan–Mar Jan–Mar 2026 Mar Jan–Dec Long-term net asset value (NAV), SEK m A Equity attributable to Parent Company shareholders at the end of the period in a