Seafire's subsidiary Pexymek divests property to Logistri Fastighets AB (publ.)

Seafire's subsidiary Pexymek has today, July 11, 2025, entered into an agreement to divest the property company Maströret Fastighets AB, which only asset is an industrial property in Falkenberg, to the listed property company Logistri Fastighets AB (publ). The preliminary purchase price for 100% of the shares in Maströret Fastighets AB amounts to approximately SEK 37 million, and real estate value amounts to 39 MSEK.

Daniel Repfennig, CEO & President of Seafire, comments: "This is a value-creating transaction for Seafire. We are improving our capital allocation and we are also increasing our financial flexibility as we strengthen our balance sheet. Seafire's strategy is to develop companies rather than properties; with Logistri we get a serious landlord for a great subsidiary."

The transaction gives Seafire net proceeds (excluding transaction costs) of approximately SEK 37 million and increases the Group's IFRS lease liability by approximately SEK 22 million. The divestment is not expected to have a material impact on Seafire's earnings per share in the current financial year. The gearing ratio, calculated as net debt divided by adjusted EBITDA R12 as of March 31, 2025, decreases from 3.3x to 3.1x adjusted pro forma for the divestment.

The transaction is expected to close in the third quarter of 2025.