Mobimo Holding AG (MOBN.SW) Friday said that its fiscal 2025 profit climbed 54.1 percent from a year ago, helped by higher income from development projects and trading properties sale. While the company provided outlook for fiscal 2026, it has also proposed to elect Markus Schürch as the new Chairman.
The Swiss real estate company posted net profit of 192.9 million Swiss francs or 26.35 francs per share in fiscal 2025, higher than last year's 125.2 million francs or 17.26 francs per share.
During the year, Mobimo Holding's net rental income rose 1.5 percent to 125.5 million francs from 123.6 million francs a year ago. The company's net income from development projects and sale of trading properties increased 61.5 percent to 53.3 million francs from 33.0 million francs last year.
Annual operating result or EBIT rose 50.0 percent to 257.3 million francs from 171.5 million francs in fiscal 2024.
The company's Board of Directors are expected to propose the earlier dividend of 10.25 francs per share on March 31. Mobimo Holding said that its Board proposes to elect member Markus Schürch as the new Chairman. He will take over from Peter Schaub, who is not standing for re-election after seven years as Chairman and a total of 18 years on the Board of Directors.
Looking ahead, Mobimo Holding expects organic growth of income from rental of properties of around 3 percent, as well as net income from development projects and sale of trading properties of around 25 million francs.
On the Swiss Exchange, MOBN.SW ended Thursday's trading at 388.00 Swiss francs, down 0.50 francs or 0.13 percent.
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