Alm Equity Ab · OMXSTO:ALM
Alm Equity Ab — Q1 2026 Earnings Presentation
29 slides from Alm Equity Ab's earnings presentation, May 7, 2026
Slide 1: Q1 Interim Report January–March 2026
Q1 I N T ER I M R E P OR T JANUARY–MARCH 2026
Slide 2: The quarter in brief
The quarter in brief Introduction Financial comments IFRS » During the quarter, 15 investment properties Group KPIs » The quarter in brief » External contracting generated revenue gained BREEAM in Use certification, which 2026 2025 2025 of SEK 134 million; contracting operations means that the entir
Slide 3: The starting gun has been fired
The starting gun has been fired Introduction Having completed a period of prepara Sales start and next steps in Storstaden Strengthened Group management The quarter in brief tion, ALM Equity is now stepping The start of sales of tenant-owned apart- showing the way clearly into the execution phase.
Slide 4: This is ALM Equity
This is ALM Equity INVESTMENT Introduction Since starting out in 2006, ALM Equity has been engaged in developing and REINVESTMENT The quarter in brief upgrading property assets with the needs of the future market in view. Message from the CEO ALM Equity's strength lies in its ability to identify bus
Slide 5: The market
The market Introduction Macro indicators market interest rates, higher financing costs and the market has adapted to new conditions for BREAKDOWN OF LIVING SPACE PER RESIDENTIAL UNIT, APARTMENT BLOCKS, STOCKHOLM COUNTY The quarter in brief In the first quarter of 2026, inflation remained an uncertai
Slide 6: ALM Equity – where we operate
Upplandsbro Vallentuna Upplands Väsby ALM Equity – where we operate Åkersberga Västervik 28 Introduction 26 1 2 The Business 12 Täby » ALM Equity – where we operate 11 21-25 Development 58 Sollentuna Contracting Barkarby 43 Danderyd 3 37 54 Management 36 Vaxholm 9 Financial assets 10 PROPERTY UNDER
Slide 7: Development
Development Introduction Development operations are conducted by ALM Equity's subsidiary, ALM Småa 2026 2025 2025 Bostad, which acquires, structures, conceptualises and sells residential and major KEY PERFORMANCE INDICATORS (KPIS) Jan–Mar Jan–Mar Jan–Dec The Business ALM Equity – where we operate ur
Slide 8: Contracting
Contracting Introduction Contracting operations are managed by ALM Equity's subsidiary, 2xA Entreprenad, 2026 2025 2025 which performs turnkey contracts in the construction and property sector. KEY PERFORMANCE INDICATORS (KPIS) Jan–Mar Jan–Mar Jan–Dec The Business Construction started, units – 223 9
Slide 9: Management
Management Introduction The management business is responsible for the management, letting and 2026 2025 2025 operation of the rental property portfolio. KEY PERFORMANCE INDICATORS (KPIS)1 Jan–Mar Jan–Mar Jan–Dec The Business Rental value, SEK m 80 86 288 ALM Equity – where we operate Property value
Slide 10: Financial assets
Financial assets Introduction ALM Equity has shareholdings in Klövern and Besqab, which are classified as non-current financial assets. The Business The holdings are retained as long as the estimated risk-adjusted return for the holdings is better than for other investment ALM Equity – where we oper
Slide 11: Projects and property portfolios
Project and property portfolios BUSINESS AREA DEVELOPMENT Building rights projects as per 31/03/2026 Introduction The table below shows fully- and partly-owned building rights projects at the development stage. Building rights projects for which the planning process has not yet started, completed te
Slide 12: Projects and property portfolios: conversion projects
BUSINESS AREA DEVELOPMENT Conversion projects as per 31/03/2026 Properties in the management portfolio that have been or are planned to be converted for the tenant-owner market are listed below. These properties are recognised as investment properties until sales start and control of the tenant-owne
Slide 13: Financial information
Financial information The comments below refer to the IFRS reporting. Note 2 provides companies, provides information on the associated company's (1,200). The major change from the comparison period is that Introduction supplementary information regarding the segment reporting. income statement and
Slide 14: Risks and uncertainties
Risks and uncertainties Management portfolios, which mainly include newly produced, More information on risks and uncertainties is provided on ALM Equity strives to maintain limited financial risk. Financial, low-energy residential properties, are better able to pass pages 33–37 and in Note 29 in AL
Slide 15: Consolidated statement of comprehensive income
Consolidated statement of comprehensive income 2026 2025 2025 2026 2025 2025 Introduction Amounts in SEK million Note Jan–Mar Jan–Mar Jan–Dec Amounts in SEK million Note Jan–Mar Jan–Mar Jan–Dec The Business 1, 2 Profit/loss for the year attributable to Financial information Revenue 170 278 985 Paren
Slide 16: Consolidated statement of financial position in summary
Consolidated statement of financial position in summary Amounts in SEK million Note 31/03/2025 31/03/2025 31/12/2025 Amounts in SEK million Note 31/03/2025 31/03/2025 31/12/2025 Introduction ASSETS 1, 2 EQUITY AND LIABILITIES The Business Financial information Non-current assets Equity including min
Slide 17: Consolidated cash flow statement in summary
Consolidated cash flow statement in summary 2026 2025 2025 2026 2025 2025 Introduction Amounts in SEK million Note Jan–Mar Jan–Mar Jan–Dec Amounts in SEK million Note Jan–Mar Jan–Mar Jan–Dec The Business OPERATING ACTIVITIES FINANCING ACTIVITIES Financial information Operating profit/loss -11 -36 -9
Slide 18: Consolidated statement of changes in equity in summary
Consolidated statement of changes in equity in summary Amounts in SEK million 31/03/2025 31/03/2025 31/12/2025 Introduction Equity at the start of the period 2,350 2,766 2,766 The Business Profit/loss for the period -107 -163 -238 Financial information Other comprehensive income – – – Consolidated s
Slide 19: Parent Company income statement and balance sheet in summary
Parent Company income statement in summary Parent Company balance sheet in summary 2026 2025 2025 Introduction Amounts in SEK million Jan–Mar Jan–Mar Jan–Dec Amounts in SEK million 31/03/2025 31/03/2025 31/12/2025 The Business Other operating income – – – ASSETS Financial information Selling and adm
Slide 20: Notes
Notes Introduction The Business Note 1. Accounting principles Comments on the segment reports As of the first quarter of 2026, two new associated companies within Financial information – The segment will generate additional operating income as a result This interim report has been prepared in accord
Slide 21: Note 2. Segment reporting cont.
Note 2. Segment reporting cont. Performance monitoring January – March 2026 Balance sheet extract as per 31/03/2026 Property development Property development Introduction Devel- Cont- Other Total, Converted Total, Devel- Cont- Other Total, Converted Total, Amounts in SEK million opment racting Mgmt
Slide 22: Note 2. Segment reporting cont.
Note 2. Segment reporting cont. Performance monitoring January – March 2025 Balance sheet extract as per 31/03/2025 Property development Property development Introduction Devel- Cont- Other Total, Converted Total, Devel- Cont- Other Total, Converted Total, Amounts in SEK million opment racting Mgmt
Slide 23: Note 2. Segment reporting cont.
Note 2. Segment reporting cont. Performance monitoring January – December 2025 Balance sheet extract as per 31/12/2025 Property development Property development Introduction Devel- Cont- Other Total, Converted Total, Devel- Cont- Other Total, Converted Total, Amounts in SEK million opment racting Mg
Slide 24: Note 3. Unrealised changes in value
Note 3. Unrealised changes in value Note 4. Shares in associated companies Stadsnära Bostäder Stockholm AB (publ) Consolidated statement, amounts in 31/03/2026 31/12/2025 SEK m ALM Equity's significant holdings in associated companies as per 31 2026 2025 2025 March 2026 consist of its holding in Sta
Slide 25: Note 5. Non-current financial assets
Note 5. Non-current financial assets Note 6. Development properties Note 8. Work in progress on behalf of others Non-current financial assets consist of the holdings in Klövern and Development properties are the properties included in projects in The item Work in progress on behalf of others consist
Slide 26: Note 9. Other current receivables
Note 9. Other current receivables Note 11. Pledged assets, contingent assets & contingent liabilities Other receivables are non-interest bearing receivables from associated companies and external parties. Pledged assets Group Parent Company Amounts in SEK million 31/03/2026 31/03/2025 31/12/2025 Amo
Slide 27: Note 12. Other current liabilities, non-interest-bearing
Note 12. Other current liabilities, non-interest-bearing Other liabilities consist of interest-free liabilities to external parties. Amounts in SEK million 31/03/2026 31/03/2025 31/12/2025 Introduction Trade payables 44 61 53 The Business Invoiced but not yet accrued revenue 129 54 41 Personnel-rela
Slide 28: KPIs and concepts
KPIs and concepts Introduction ALM Equity reports KPIs in the interim report that are not Equity/assets ratio Order intake defined by IFRS. The company considers that they provide Equity as a percentage of the balance sheet total. Highlights The value of newly signed turnkey contracts and changes in
Slide 29: Shareholder information
Shareholder information Introduction The Business Review Report dates This report has not been reviewed by the Company’s auditors. 16 July 2026 Interim Report January–June Financial information Stockholm, 7 May 2026. 22 October 2026 Interim Report January–September KPIs and concepts 23 February 2027