Investors

"I am stepping into the role of Magnolia Bostad’s CEO with a lot of energy and confidence. With over twenty years’ experience in leading and developing companies, I look forward to leveraging Magnolia Bostad's strengths with the team and continuing to develop the business focusing on customer value, innovation and sustainable growth. The company is at an exciting phase, and I am convinced that we have all the conditions to strengthen our position in the Swedish housing market. I would also like to extend my gratitude to Johan Tengelin for his efforts and for a good handover.

During Q4, we completed around 1,100 residential units, bringing our total to over 2,600 units completed during the year. The continued high production rate means that we have reached the milestone of 15,000 completed residencies since the company was founded in 2009, a development that has contributed to establishing Magnolia as one of Sweden's leading housing developers. Deliveries have been made according to agreed schedules and with high quality, which strengthens Magnolia's position as a reliable player in the Swedish housing market.

During Q4, we completed the sale of two completed apartment blocks in Göteborg consisting of over 100 apartments developed in a JV with Niam. In total, we have sold just under 600 residencies during the year, of which around 500 were in forwardfunding deals. During the year, we noted a gradually increasing number of housing project deals, which indicates that interest has returned in housing development in a forward funding structure, with participation from both domestic and international investors with a long-term ownership perspective.

The company's building rights portfolio now includes around 8,800 building rights, of which 60% have zoning plans in force. This provides good flexibility and readiness to act in a market where selectivity continues to characterize investment decisions. After the end of the period, Magnolia entered into an agreement to acquire building rights in northern Stockholm, for the planned development of around 200 residential units. The project has an attractive location, close to existing rail services and a planned underground.

In terms of results, we have not yet reached the desired levels but see clear improvements compared to the previous year, both in terms of results and underlying operational development. The savings scheme and efficiency measures implemented in 2025 have resulted in a clearly improved cost base, which, coupled with a continued stabilization of market conditions, strengthens Magnolia's position for 2026. The company is actively working on new types of deals and partnerships, with the aim of taking advantage of the opportunities that arise as the market continues to enter a growth phase. "

Mats Brandt,
CEO

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