Stenhus Fastigheter i Norden AB (publ) (SFAST) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to today's broadcast with Stenius Fastigheter, which will present the report for the fourth quarter of 2025. After the presentation, there will be a Q&A, so if you call in and want to ask a question, press star 9 to raise your hand and then star 6 to unmute yourself when you get the word. It is also good to send questions in the form to the right. And with that said, I will pass over to the word to you. Thank you very much. Good morning everyone on this fresh morning. My name is Thomas Georg Jadis, one of the heads of the company and CFO in the company. And together with Mikko Nikander, Vice President for the company, we have a presentation of the bookkeeping communique for 2025. We start with some key points in the bookkeeping communique and what has happened. We present an administrative result that has been the highest since we noted 2020 at 413 million over the period and 114 million over the quarter. We have also started to work a little more with Krona. We now own 40% of Krona and this morning, through our company KronaBitcoin, we have placed an offer on other companies. A mandatory offer. We have also listed back the hedge and consolidated it completely in Stenhus. On the financing side, we have an ICR of two and a half times, excluding some of the initial costs that we have had with the resolution of the obligation, as well as that the interest rate is down by 3.8 percent, the total interest rate that we pay. More than interesting is our drop in our own capital, which is up 8.8% for the quarter. Our target is approaching 12%. And last but not least, good news for all shareholders, we have an increase in shares. A proposed increase in shares to 28 euros per share. Which actually means an increase of 40%. If we look a bit more at Q4, we can se...