Catena Media plc (CTM) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the conference call. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answer session, participants are able to ask questions by dialing star five on their telephone keypad. Now I will hand the conference over to the speakers. Please go ahead. Hi, and welcome everyone to Catena's Q3 report 2025. My name is Juergen Eriksson, and I'm the CEO of the company. And here is the agenda for today, a summary, a business overview, an update followed by sustainability, finance, and the short takeaway before ending up with it in Q&A. So let's start with the summary of the Q3 2025 report, where we report 25% increase in rental income ended up at 1,963,000,000 SEK driven mostly by acquisitions, but also, of course, of our TPI-linked contracts. Profit from property management increased by 32% in total, and per share, it was up to 18.7%. Our NRV came in at 438 SEC per share. The balance sheet remains very solid with an LTV at 39.2%. And we expect to generate strong cash flows in the coming quarters. And with that said, in combination with our robust balance sheet, we are in a favorable condition for more growth. The business overview, the market update. We have witnessed much more activity in the transaction market after the summer. And we have also heard that there is more to come. which means that here will arise opportunities for us to continue to grow. And when there are properties that fit into our strategy, we will try to execute. E-commerce continues to develop in the right direction. In the second quarter of the year, it grew by 9% compared to last year. And some of our e-commercers perform very strong, such as Boost, with their brand Boost.com, Apotheia within the pharmacy industry, and Nelly within t...