During Q3, we completed 725 residential units and since the beginning of the year, we have completed over 1,500 residencies. Given our planned completions, we are hopeful that we will reach the milestone during the year of 15,000 completed residencies since the company started in 2009.
Johan Tengelin, CEO Magnolia Bostad:
"Since the beginning of the year, we have sold two projects through forward funding, one project in Kista for the construction of 310 residential units and one in Tyresö for the construction of 140 residencies. The project in Kista is in full production and the project in Tyresö is now starting construction after a building permit recently came into force.
During the period, we signed an agreement for an extension of our revolving credit facility, with a term in line with our existing bond duration. Combined with the bond refinancing in Q1, this means that the average capital commitment period is 2.3 years compared to 0.8 years as of 31 December 2024. This contributes to increased financial flexibility and enables us to fully focus on our core business.
Now that the Riksbank (Swedish Central Bank) has lowered the base rate to 1.75% in September to support the economy, it improves financing conditions in the market, which leads to a greater willingness to invest in housing development, and our rental segment. Our building rights portfolio currently consists of just over 9,000 building rights, of which around 60% have completed zoning plans. The building rights portfolio is concentrated in metropolitan areas, where we are ready to start several new projects."
1 January - 30 September 2025
- Net sales amounted to SEK 405 m (1,479).
- The operating loss was SEK 190 m (-647).
- The loss for the period before tax was SEK 366 m (-873) and the loss after tax was SEK 366 m (-856).
1 July - 30 September 2025
- Net sales amounted to SEK 23 m (148).
- The operating loss was SEK 29 m (-99).
- The loss for the period before tax was SEK 83 m (-165) and the loss after tax was SEK 83 m (-165).
Events 1 July - 30 September 2025
- Extended the revolving credit facility with Norion bank until the end of 2027.
- Divested detached house building rights in Upplands-Bro from the JV owned together with Heimstaden.
Events after the end of the period
- A building permit for the Bäverbäcken project in Tyresö municipality has come into force, meaning that the handover and construction will start in Q4.
For more information, please contact:
Johan Tengelin, CEO
johan.tengelin@magnoliabostad.se
Fredrik Westin, Deputy CEO & CFO
fredrik.westin@magnoliabostad.se
+46 73 367 71 27
This information is information that Magnolia Bostad AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-10-22 07:45 CEST.
About Magnolia Bostad
Magnolia Bostad AB (publ), CIN 556797-7078, develops attractive and sustainable rental apartments, tenant-owned apartments and community service properties in Sweden's metropolitan areas. Our work is based on a holistic approach where the operations are carried out in a way that promotes long-term, sustainable urban development. The company's bonds are listed on Nasdaq Stockholm. More information is available at www.magnoliabostad.se
