K-Fast Holding AB (publ) (KFAST_B) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

A warm welcome to our presentation of the final communique for 2025. My name is Jakob Karlsson and I am the CEO of K-Fastigheter. 2025 means the start of a transformation journey in and with our company Brinova. The business where we sold about 75% of our administrative assets, mainly in southern Sweden, and got paid in shares, is a reverse acquisition. Where we now control 57.6% of both capital and votes in Brnova. Therefore, Brinova is a subsidiary. Our long-term goal is to share Brinova with our shareholders, and as a way to do this, Brinova, after Polen's exit, has chosen to start the process by notating the A-currency. Vårt mål är att skapa ett större fastighetsbolag med tonvikt på hyresbostäder i Öresundsregionen och i södra Sverige genom Brinova. Och där K-Fast Holding efter utdelningen ska vara en ledande aktör inom projektutveckling och entreprenad. Vår absoluta övertygelse är att K-Fast inneboende världen kommer synliggöras betydligt bättre i två separata bolag som respektive har tydligt fokus inom sin nisch. 2026 will mean a continuation of this transformation journey that we will hopefully be able to complete during the business year or in near completion afterwards. The purpose of our transformation journey is that we will continue with access sales to strengthen our balance sheet and thus reduce our debt. which we will prioritize to maximize business volumes, such as project launches. Nevertheless, we plan to have quite a few project launches by 2026 in order to be well-equipped to focus on increased profitability and volume by 2027. During the business year 2025, we have carried out three larger sales, which together add up to approximately 1.1 billion in liquidity, and during the business year we held approximately 590 million kronor. The rest we will...