Scandic Hotels Group Ab · OMXSTO:SHOT
Scandic Hotels Group Ab — Q4 2025 Earnings Presentation
18 slides from Scandic Hotels Group Ab's earnings presentation, Feb 18, 2026
Slide 1: Q4 Report
Q4 REPORT February 18, 2026 Scandic Your frienol peg fews
Slide 2: Q4 Highlights
Q4 REPORT 2025 Q4 HIGHLIGHTS • Good organic growth with improved results across most markets • The overall hotel market shows strength • Continued high pace of development ‒ Portfolio momentum ‒ Commercial initiatives completed ‒ Dalata acquisition well on track • Strong cash flow development and fi
Slide 3: A solid result with improved profitability in all segments except Finland
Q4 REPORT 2025 A SOLID RESULT WITH IMPROVED PROFITABILITY IN ALL SEGMENT S EXCEPT FINLAND ADJUSTED EBITDA PER QUARTER 2022-2025, MSEK • Adjusted EBITDA of 513 (544) MSEK, corresponding 1,400 to a margin of 9.2% (9.9) 1,200 1,000 • Excluding currency effects and one-off items 800 the result was sligh
Slide 4: The Nordic hotel market shows strength
Q4 REPORT 2025 THE NORDIC HOTEL MARKET SHOWS STRENGTH Sweden Norway Finland Denmark Market occupancy %, index = 2019 Market ARR, Local currency, index = 2019 Market RevPAR, Local currency, index = 2019 108 160 170 106 155 150 160 104 145 102 150 140 100 135 140 98 130 96 125 130 94 120 92 115 120 90
Slide 5: Positive market trend in Ireland & the UK
Q4 REPORT 2025 POSITIVE MARKET TREND IN IRELAND & THE UK Ireland The UK Dublin London Market occupancy %, index = 2019 Market ARR, Local currency, index = 2019 Market RevPAR, Local currency, index = 2019 112 145 145 110 140 140 108 135 135 106 104 130 130 102 125 125 100 120 120 98 115 115 96 110 11
Slide 6: Strong pipeline - openings in 2026
Q4 REPORT 2025 STRONG PIPELINE - 9 OPENINGS IN 2026 Pipeline as of 31 December 2025 (including Dalata’s pipeline) Year Hotel Destination No. of rooms Q1 2026 Scandic Go, Umeå Umeå, Sweden 100 Q2 2026 Scandic Go, Gothenburg Gothenburg, Sweden 176 Q2 2026 Scandic Go, Helsingborg Helsingborg, Sweden 96
Slide 7: Continued expansion in Germany
Q4 REPORT 2025 CONTINUED EXPANSION IN GERMANY LÄMPLIG BILD HOTELL 2 • Scandic Stuttgart Europaviertel opened in Q4, adding 173 • Long-term lease signed for a new hotel in central Hamburg, rooms in central Stuttgart up to 328 rooms, opening 2028 • First Scandic hotel in Stuttgart, expanding presence
Slide 8: Strengthening our presence in Norway
Q4 REPORT 2025 STRENGTHENING OUR PRESENCE IN NORWAY • New 97-room franchise hotel opened in Florø • Agreement signed for a new 170-room Scandic • Agreement signed for a new 152-room Scandic during the fourth quarter. Go hotel in central Tromsø, with planned Go hotel in central Stavanger, opening in
Slide 9: Dalata acquisition well on track
Q4 REPORT 2025 DALATA ACQUISITION WELL ON TRACK Acquires operations Nov H2 Management agreement 2025 2026 PRE -CARVE OUT INTEGRATION PHASE • Scandic has operated Dalata’s hotels under a management agreement since November 7, with management fees earned from day one Acquires properties • Performance
Slide 10: Financial Update
FINANCIAL UPDATE 10
Slide 11: Good organic growth and solid results
Q4 REPORT 2025 GOOD ORGANIC GROWTH AND SOLID RESULTS • Good organic growth of 4.2% (LFL 1.7%) Net sales Adjusted Adjusted EBITDA EBITDA margin ‒ Currency effects of -183 MSEK Q4 Q4 Q4 Q4 Q4 Q4 MSEK 2025 2024 2025 2024 2025 2024 • Solid results with strengthened profitability in all segments except F
Slide 12: Overall good full-year performance
Q4 REPORT 2025 OVERALL GOOD FULL -YEAR PERFORMANCE • Organic growth of 3.9% (LFL 2.6%) Net sales Adjusted Adjusted EBITDA EBITDA margin ‒ Currency effects of -555 MSEK MSEK 2025 2024 2025 2024 2025 2024 • Profitability almost in line with financial target Sweden 6,964 6,608 1,032 980 14.8% 14.8% ‒ A
Slide 13: Strong cash flow development
Q4 REPORT 2025 STRONG CASH FLOW DEVELOPMENT • Operational cash flow of 2,038 (1,966) MSEK Free cash flow per quarter and LTM, MSEK Free cash flow Cash flow from operations LTM Free cash flow LTM • Improved working capital, investments in line with plan 2,500 2,320 2,261 • Free cash flow of 914 (910)
Slide 14: Strong financial position
Q4 REPORT 2025 STRONG FINANCIAL POSITION • Strong financial position and balance sheet Net debt to adjusted EBITDA LTM • Net debt of 35 MSEK. Net debt to adjusted EBITDA of 0.0x (0.1x) • Proposed ordinary dividend of 2.60 SEK per share 0.4x 0.3x 0.1x 0.0x 0.0x Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Slide 15: Entering 2026 well positioned
Q4 REPORT 2025 ENTERING 2026 WELL POSITIONED • Good pace of development with major initiatives completed • Strong platform in place supporting growth and margin improvement • Stable outlook for Inflation, rent and salary cost development • Continued sharp focus on efficiency and cost control • Centr
Slide 16: Concluding Remarks
Q4 REPORT 2025 CONCLUDING REMARKS 16
Slide 17: Concluding Remarks
2025 Q4 REPORT 2024 CONCLUDING REMARKS • Good organic growth and solid results with profitability improvements in all segments except Finland • The Nordic hotel market shows strength, with overall good conditions in Ireland and the UK • Acquisition well on track supported by high engagement from the
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