The investment platform for real estate projects, Tessin Nordic, reported lower revenue in the first quarter compared with the same period last year. Operating loss increased slightly.Revenue fell to SEK 1.0 million (4.3).Tessin's low revenue in the first quarter was a deliberate choice in the work to transition the business model, according to CEO Anders Kumlin. The company is choosing to move away from businesses with high labor input and low margins in order to instead focus on what could become volume businesses with significantly better margins, including through its focus on the credit fund Nova. At the same time, the real estate market is described as still weak and characterized by cautious players, despite a large underlying need for financing.EBITDA was SEK -7.5 million (-7.3). Operating profit was SEK -8.5 million (-8.4). Profit after tax was SEK -11.9 million (-12.2), and per share SEK -2.48 (-3.00).During the quarter, arranged loan volume was SEK 5.2 million (55.5), a decrease of 91 percentTessin Nordic, MkrQ1-2026Q1-2025FörändringNet sales1.04.3-76.7%EBITDA-7.5-7.3Operating profit-8.5-8.4Net profit-11.9-12.2Earnings per share, kronor-2.48-3.00