Kojamo plc's Financial Overview for 2025
Kojamo plc has released its financial statements highlighting a positive performance in 2025. The company experienced a growth in total revenue and net rental income, underscoring a robust real estate management strategy even against the backdrop of property sales.
Summary of Financial Performance
In 2025, Kojamo achieved significant milestones in its financial results:
Quarterly Performance
- Total revenue for Q4 2025 reached EUR 111.7 million, marking a slight decline of 1.8% from EUR 113.6 million in Q4 2024.
- Net rental income increased to EUR 76.0 million, reflecting a 2.2% rise compared to the previous year.
- Despite a net loss on property valuations of EUR -18.6 million, the profits before taxes stood at EUR 17.8 million.
- Funds From Operations (FFO) experienced an uptick, totaling EUR 34.8 million for the quarter.
- The gross investment for the quarter was EUR 14.8 million.
Annual Performance
- Total revenue for the full year was EUR 455.2 million, an increase of 0.6% from EUR 452.4 million in 2024.
- Net rental income rose by 1.6% to reach EUR 307.7 million.
- Results before taxes stood at EUR 26.8 million, showing stability amid challenging market conditions.
- The overall occupancy rate improved significantly, hitting 94.8% by year-end.
- Kojamo completed zero new units while selling 2,028 apartments throughout the year.
Operational Insights
Kojamo's operational metrics depict a favorable trend in property management:
- The company maintained a financial occupancy rate of 94.8%, an improvement from 91.5% in the previous year.
- The fair value of its investment properties was reported at EUR 7.6 billion, reflecting a careful asset management strategy.
- Equity per share was EUR 14.89, alongside a solid return on equity remaining stable at 0.6%.
Market Trends and Outlook for 2026
Kojamo's outlook for 2026 is optimistic, predicting total revenue to fall within the range of EUR 484 to 497 million. Key drivers for this growth include:
- Anticipated increases in property maintenance and operational efficiencies.
- Upcoming acquisition of 4,761 new apartments, expected to augment revenue streams.
Management emphasizes its ability to steer revenue and FFO through strategic business operations while remaining cognizant of external market factors.
CEO Insights
The CEO, Reima Rytsölä, expressed confidence in the company's upward trajectory, highlighting the substantial increase in customer recommendations and enhancements in customer experience. The company’s solid financial footing was underscored by managed debt levels and strong liquidity, essential in navigating the current economic landscape.
Upcoming News Conference
Kojamo will be hosting a news conference addressing institutional investors and media to discuss the financial results in detail. This event will occur at the company's headquarters and will be conducted in English, allowing for media inquiries post-event.
Frequently Asked Questions
1. What were Kojamo's total revenues in 2025?
The total revenues for Kojamo in 2025 reached EUR 455.2 million.
2. How much did Kojamo's net rental income increase by?
Kojamo's net rental income increased by 1.6%, totaling EUR 307.7 million.
3. What was the occupancy rate at Kojamo at the end of 2025?
The occupancy rate at the end of 2025 was reported at 94.8%.
4. What is the outlook for Kojamo in 2026?
Kojamo expects its total revenue in 2026 to fall between EUR 484–497 million.
5. How did the CEO describe the company's performance?
The CEO noted positive growth in customer recommendations and a solid financial position, indicating a successful operational year despite market challenges.
