Published: 8/6/2026 8:57:10 AM
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The real estate project investment platform Tessin Nordic increased revenue and improved its results during the second quarter, but still reported a loss.Revenue rose 11 percent to SEK 4.1 million (3.7).EBITDA amounted to -4.6 million (-8.1).Operating profit improved to -SEK 5.3 million (-9.2).Net profit amounted to -SEK 11.1 million (-14.7). Earnings per share amounted to -SEK 2.14 (-3.12).Cash and cash equivalents amounted to SEK 9.9 million (28.0) at the end of the period.CEO Anders Kumlin describes the quarter as better, but far from good. He states that the real estate financing market is very cautious and that Tessin is working on new sources of capital, cost reductions and the collection of older receivables.In mid-June, the company completed a capital intermediation transaction of approximately SEK 100 million. According to the CEO, this type of transaction is important for Tessin to once again become a profitable growth company.The company states that the business requires additional financing. A strategic review and a financing plan are being carried out.Key figures, SEK millionQ2-2026Q2-2025Year-over-year changeRevenue4.13.711.0%Operating profit-5.3-9.2Net profit-11.1-14.7Earnings per share, SEK-2.14-3.12Cash and cash equivalents9.928.0-64.6%
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