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Kojamo plc Half-Year Financial Report Overview

Kojamo plc recently published its financial results for the first half of 2025, showcasing a steady increase in both occupancy rates and revenues. This announcement highlights the company's resilience in the residential real estate market, including updates from January 1 to June 30, 2025.

Key Financial Metrics

In the second quarter of the year, Kojamo saw total revenues rise by 2.9%, totaling EUR 115.6 million compared to EUR 112.3 million from the same time last year. The net rental income also exhibited a modest increase of 0.9%, reaching EUR 82.8 million. However, one of the more troubling figures was the result before taxes, which was reported at EUR -12.7 million, an improvement compared to EUR -104.3 million in the previous year, although still in the negative. Additionally, total revenue for the first half of the year grew by 1.9%, reaching EUR 229.9 million.

Another notable detail is the net rental income's growth of 2.0% to EUR 145.6 million, which represented a stable margin of 63.3% of total revenue, reflecting the company's strong operational performance despite rising costs associated with property maintenance and financial expenses.

Occupancy Rates and Investments

Kojamo's financial occupancy rate experienced a significant uplift, now standing at 93.6%, compared to 91.7% from the previous year. This is a positive indicator for the company, showcasing their ability to attract tenants in a competitive rental market.

On the investment side, Kojamo's gross investments totaled EUR 14.1 million and made up 6.1% of overall revenue. The strategy seems focused on expanding their property portfolio while also enhancing the value of existing investments.

New Strategic Direction

The half-year report also discusses significant strategic shifts. Recently, Kojamo made headlines by announcing the sale of 1,944 apartments, primarily located outside the capital region. This move is in line with the company's goal to bolster its portfolio by concentrating more on growth centers in Finland.
The sale, which constitutes the largest transaction in the Finnish residential market this year, is expected to improve the company’s financial health and support shareholder value through debt reduction and future share buybacks.

Future Outlook

Looking ahead, Kojamo has revised its revenue expectations for 2025, forecasted to grow between 0-2%. The company's focus will remain on enhancing occupancy rates and managing the costs associated with property maintenance.
CEO Reima Rytsölä expressed optimism for the company's growth trajectory, emphasizing the importance of improving customer experience as they continue to adapt to market conditions. He noted that the Net Promoter Score (NPS) has reached an all-time high, indicating that customer satisfaction is on the rise.

Given the competitive nature of the real estate market and the current economic conditions, Kojamo seems well-prepared to navigate future challenges whilst ensuring the delivery of quality housing services across Finland.

For continuous updates and detailed information, interested parties are encouraged to check the company’s official website. The full Half-Year Financial Report can also be downloaded, outlining the complete financial specifics and forecasts underlining Kojamo’s position as the largest private housing company in Finland.