The investment platform for real estate projects Tessin Nordic reports lower revenue in the fourth quarter compared with the same period the year before. The operating loss decreased. The board proposes no dividend. Net sales fell 18.2 percent to SEK 5.4 million (6.6).The Ebitda result was SEK -7.1 million (-11.5). Operating profit/loss was SEK -8 million (-13.4). The result after tax was SEK -36.8 million (-20.8). The result for the period was affected by non-recurring costs of approximately SEK 30 million linked to write-downs of receivables. These items are non-operational and therefore do not reflect the underlying business’s ongoing performance, the company states. Earnings per share amounted to SEK -0.08 (-0.05). No ordinary dividend is proposed (0)."After the end of 2025, we have taken the next step by renaming the inactive subsidiary Tessin Kreditfond 1 to Nova Kreditfond and re-registering it as an internally managed alternative investment fund. The AIF structure suits institutional investors, like other funds, and will make it easier for us to attract the truly large investors, which will allow us to broker both more and larger loans to project developers. There is a lot of work and quite some time left before we have reached the goal of being a profitable growth company again. But it is on the way and it is possible", writes CEO Anders Kumlin. Tessin Nordic, SEK millionQ4-2025Q4-2024ChangeNet sales5.46.6-18.2%Ebitda-7.1-11.5Operating profit/loss-8-13.4Net income/loss-36.8-20.8Earnings per share, SEK-0.08-0.05Ordinary annual dividend per share, SEK00