17 slides from Intea Fastigheter Ab Class B's earnings presentation, Feb 10, 2026
Slide 1: Year-End Report 2025
Year-End Report 2025 Investor presentation February 10, 2026
Slide 2: Intea in Brief
INTEA IN BRIEF Key events in Q4 2025 Rental income, SEKm Surplus ratio Loan To Value Average yield1) 1,561 83.8% 46.5% 5.9% Took over a portfolio of security properties in the justice category with underlying property value of SEK 1 390m (1,201) (82.6%) (50.5%) (5.2%) Signed a 14-year green loan
Slide 3: Strong Growth in Profit from Property Management
STRONG GROWTH IN PROFIT FROM PROPERTY MANAGEMENT SEKm Q4 2025 Q4 2024 Rental income Rental income 452 316 +43.0% NOI 366 257 (+4.5%) 1) Central administration -16 -16 Net financial items -93 -86 NOI Profit from property management 257 156 +42.3% Changes in value investment properties 393 81 (+0.0%)
Slide 4: Key Events During Q4 2025
KEY EVENTS DURING Q4 2025 Acquisitions Portfolio of security properties District court, Härnösand Police property, Växjö Lettable area: 78,0 tsqm Lettable area: 4,1 tsqm Lettable area: 6.6 tsqm Rental value: SEK 199m Rental value: SEK 13.3m Rental value: SEK 7.5m Underlying property value: SEK 1,390
Slide 5: Selection of Ongoing Projects
SELECTION OF ONGOING PROJECTS1) Justice Prison, Kristianstad National Forensic Center, Linköping Custody unit, Västerås Estimated completion, Q2 2029 Estimated completion, Q1 2028 Estimated completion, Q3 2028 Lettable area: 40.2 tsqm Lettable area: 5.0 tsqm Lettable area: 34.6 tsqm WAULT: 25 years
Slide 6: Project Pipeline as per Q4 2025
PROJECT PIPELINE1) AS PER Q4 2025 Estimated additional rental value2) through the project portfolio, SEKm Estimated investments by category and estimated WALT 2 695 Share of estimated Estimated Average lease period 2 182 2 313 total investment3) NOI (lettable area) 1 915 896 1 869 515 Other Public 3
Slide 7: High Share of Public Tenants
HIGH SHARE OF PUBLIC TENANTS Share of public tenants and WAULT Lease expiry profile, share of contracted rent public tenants, % 98,0% 9,0 45% 40,8% 8,0 40% 96,0% 7,0 35% 94,0% 6,0 30% 5,0 25% 92,0% 4,0 20% 17,1% Target: >90% 90,0% 3,0 15% 12,5% 9,3% 8,4% 2,0 10% 7,6% 88,0% 1,0 5% 1,3% 86,0% 0,0 0% Q
Slide 8: Summary Year-End Report
SUMMARY YEAR-END REPORT Eslöv, Rönneholm 6:2, Prison SEKm 2025 2024 Rental income Rental income 1 561 1 201 +30.0% NOI 1 308 902 (+2.9%) 1) Central administration -61 -68 Net financial items -343 -387 NOI Profit from property management 904 536 +31.9% Changes in value investment properties 850 166 (
Slide 9: Property Value and Yield
PROPERTY VALUE AND YIELD Halmstad, Fanan 60, University Property value and yield1), SEKm and % 30 000 6,0% 5,9% 5,8% 28 000 5,6% 5,5% 5,5% 26 000 5,4% 5,3% 24 000 5,2% 5,2% 5,2% 5,2% 5,2% 5,0% 22 000 4,8% 20 000 4,6% 18 000 4,4% Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Propert
Slide 10: Solid Cashflow from Operations
SOLID CASHFLOW FROM OPERATIONS Cashflow from operating activities before changes in working capital, SEKm 300 1 000 900 250 800 700 200 600 150 500 400 100 300 200 50 100 0 0 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Cashflow from operating activities (quarter), SEKm (left) Cas
Slide 11: Strong Financial Position
STRONG FINANCIAL POSITION Loan-to-value ratio, % Interest coverage ratio, x Net Debt/EBITDA1) 70,0% Target: 4,0 16 50-55% 14,8 3,7 14,4 Not exceed 60% 13,8 60,0% 3,4 14 Target: > 2.0x in long term 12,4 3,0 2,9 12 50,0% 10,8 10,6 10,6 2,7 10,1 10,2 2,5 9,8 9,6 2,4 2,4 10 9,1 9,3 40,0% 9,0 2,3 8,1 8,0
Slide 12: Strong Track Record, Potential for Continued Growth
STRONG TRACK RECORD POTENTIAL FOR CONTINUED GROWTH UED Long-term NAV1 (EPRA NRV), SEKm and SEK per class A- and B-share Profit from property management, SEK per class A- and B-share 12 600 11 800 GROWT 56,00 1,20 0,99 1,03 4,20 H 53,84 54,00 1,00 11 000 0,85 0,86 0,79 3,74 3,70 10 200 52,00 0,80 0,6
Slide 13: Debt Structure with Good Mixture
DEBT STRUCTURE WITH GOOD MIXTURE Interest rate term structure, SEKm and % 7 000 4,00% Financial KPI:s 2025 2024 6 000 2,85% 3,50% Interest-bearing debt, SEKm 13,569 12,219 2,96% 2,82% 2,69% 2,69% 3,00% 5 000 Average interest rate, % 2.87 2.89 2,23% 2,50% 4 000 Capital commitment, years 3.2 2.5 2,00%
Slide 14: Attractive Credit Margins
ATTRACTIVE CREDIT MARGINS Credit spread (mid, bps) Credit margins 140 130 120 110 100 90 80 70 60 50 40 30 20 10 0 0,0 0,5 1,0 1,5 2,0 2,5 3,0 3,5 4,0 4,5 5,0 Years to maturity Intea (16/10/2025) Intea (09/02/2026) Investment grade credit rating shall be maintained Long-term rating BBB Outlook Stabl
Slide 15: Increased Earning Capacity
INCREASED EARNING CAPACITY SEKm January 1, 2026 January 1, 2025 Rental income NOI Profit from Property Rental income 1,800 1,318 Management +37% +38% 1,541 1,045 +56% NOI Central administration -68 -68 Net financial items -356 -330 Profit from property management 1,117 715 Dividend Class D shares -1
Slide 16: Favorable Conditions for Continued Growth
Linköping, Smedstad, Justice FAVORABLE CONDITIONS FOR CONTINUED GROWTH Stable business model solid platform for future expansion More activity in the market Strong credit- and capital market Favorable conditions for continued growth through both projects and acquisitions 16
Slide 17: Subsequent questions can be posted directly to CFO
Subsequent questions can be posted directly to CFO Magnus Ekström by email: magnus.ekstrom@intea.se Charlotta Wallman Hörlin Magnus Ekström CEO CFO +46 733 24 50 25 +46 705 49 86 02 Charlotta.wallmanhorlin@intea.se Magnus.ekstrom@intea.se CONFIDENTIAL