Newsletter
Here we publish newsletters and any announcements as they become available.
News – 31 March 2026
From semi-desert to paradise!
From Vision to Reality – TPS’s First Proprietary Pilot Project Takes Shape in Kiambere!
Since 2004, Better Globe Forestry (BGF), our forest management partner, has successfully planted trees in Kenya’s semi-arid regions, where the valuable mahogany species Melia volkensii has demonstrated its unique resilience in one of the world’s most challenging climates.
Now, Tree Partner Solutions AB (publ) is taking the next important step in the company’s own development.
With great pride, we are pleased to announce that this represents TPS’s first seedling order as an independent company – a historic milestone that now forms the basis of the highly promising Kiambere Pilot Project.
Here, we are not only creating future forest assets, but also building a living agroforestry model, where trees, crops, and people interact in a thriving ecosystem already being described as a small paradise.
Read more about this unique pilot project here: link to pdf file ->
What is the money raised from the share issue used for?
Most of the capital goes towards new planting and the maintenance of existing forests. The aim is to plant 66,000 new trees annually to keep our operations in Africa running and ensure we have staff on the ground who can look after our forest in the best possible way – without jeopardising our financial values.
The capital is also used to:
- retain staff
- prepare for future challenges such as felling, sawmilling and processing
This entails costs today – but creates hope for the future, jobs and potentially significantly greater value for our shareholders over time.
We view the cost of the share issue as an investment, where we:
- invest in new seedlings
- increase the value of existing forest through active forest management (thinning, pruning, replanting)
If a tree dies, a new one is planted.
This is no small operation that BGF is carrying out on behalf of TPS P – we manage approximately 10,000 football pitches of forest across two countries: Kenya and Uganda.
The investment in new seedlings is expected to generate significant value over time.
Starting in 2026, during the upcoming harvest, we will replant 3 new trees for every tree felled to promote organic growth. This also means that the positive effects of our operations – planting trees in vulnerable areas – will triple over time.
BGF is now entering a new phase in its operations. Previously, the focus was on planting; now it is on both planting and harvesting.
We are currently in the planning phase: when, where and how future timber harvests will be processed.
The coming years will be very exciting for us all.
The share issue – subscription rate and response
Before the share issue began, we had secured approximately 50 % of the capital.
Now, at the time of writing, with almost a month remaining, we have subscribed to approximately 75 %.
We assess that our shareholders view the company’s development positively, as the subscription rate is high compared to 2024, and we are very grateful for this.
Frequently asked questions about TPS P’s rights issue 2026
Subscription period: 16 March – 29 April 2026
- Why is TPS P carrying out a rights issue when you state that you have assets of SEK 2,000,000,000?
We indeed have significant financial assets in the form of forest land.
TPS P currently has no cash flow as the forest is not yet ready for harvesting.
Therefore, shareholders must cover the costs until the business begins generating revenue.
- When will TPS P be listed on the stock exchange?
The target has previously been communicated as 2027.
TPS P now has a new board of directors that will review when, where, and how a listing should take place. A concrete plan will be communicated.
The timing of the listing is influenced by:
- the company’s development
- market conditions
- the external environment
When the board proposes a listing, a resolution by the general meeting is also required, where shareholders vote.
- Do I have to subscribe for shares in the issue?
No. You will retain your shares regardless.
If you do not participate, you will not receive any of the new shares, which means that your percentage ownership will decrease, but you will retain the same number of shares.
- What does dilution mean, and how does it work?
There are currently 36,625,829 shares in TPS P. Upon full subscription, 6,666,666 new shareswill be issued.
Example:
A shareholder with 11,474 shares is entitled to 2,086 shares on a pro rata basis.
Cost: SEK 6,259.
If the shareholder does not participate, there will be a dilution of approximately 18%.
This means that an investment of SEK 6,259 protects a value of approximately SEK 596,648.
- Why is the share price SEK 3 in the issue when the value is stated as SEK 52?
This is a rights issue that gives existing shareholders the opportunity to participate at an attractive price.
The company is issuing shares worth SEK 20,000,000, whilst the total company value amounts to approximately SEK 2,000,000,000, which corresponds to approximately SEK 52 per share.
- Can I oversubscribe for shares?
Yes, anyone can oversubscribe.
Allocation is not guaranteed. In the event of oversubscription, shares will be allocated proportionally amongst those who have oversubscribed.
- Can I subscribe for more shares than my pro rata allocation?
Yes, it is possible to apply for more shares.
- Can I subscribe for more shares after I have already subscribed?
Yes. Use the same link and place a new order.
Please note:
This must be a new order – not the total of previous and new shares.
Do you have any further questions?
All of us at TPS wish you a very Happy Easter!
Best regards,
The Board of Directors
Tree Partner Solutions AB
February 2026
Dear Shareholders,
We are now very close to a decisive milestone in the development of Tree Partner Solutions.
The year 2026 marks the start of the next phase of our operations – from seedling to plank. During the year, we will begin harvesting the forest that was once planted, a step that is both symbolically and commercially highly significant.
Reaching this stage strengthens confidence in our long-term business model and demonstrates that we are delivering according to plan, something we have all been waiting for!
The first harvest will take place where everything began 20 years ago – in Kiambere, Kenya, approximately 150 km from Nairobi. In Kenya, we also manage two additional forest areas: Nyangoro and 7 Forks.
The largest volumes of our forest assets are located in Uganda, where we work with around 20,000 partner farmers in the Dokolo region. Here, we plant using an agroforestry model with approximately six metres between the trees, with crops grown in the alleys between them.
Volumes and figures are shown in the graph below.
Processing – the next step in the value chain
Our long-term ambition, together with Better Globe Forestry (BGF), is to create the conditions for local processing of our raw materials in Kenya and Uganda. In 2026, we will initiate planning for this phase, including selecting the sawmill type, machinery and equipment, investment costs, and financing solutions.
A complete plan is expected to be presented in 2029–2030. Through local processing, there is an opportunity to further increase value through finished products such as parquet flooring, laminated timber panels, and interior components.
Harvesting and replanting – sustainable growth
We are now initiating harvesting on a smaller scale and selling standing timber. For every tree harvested, three new seedlings are planted.
This means that we:
- Grow organically with three times as much forest
- Create three times as many jobs
- Bind three times as much carbon dioxide
- Build a future raw material base three times as large
It is difficult to put a monetary value on all the positive effects our operations generate in East Africa. In addition to climate benefits, the trees increase crop yields through shade, stable income, and improved living conditions for our partner farmers.
An average partner farmer owning approximately 80 trees can, at harvest, generate value equivalent to several years’ wages – something that in practice changes living conditions in a decisive way.
The value ladder – from raw material to processing
Step 1: Sale of standing timber, approximately SEK 2,000 per m³
Step 2: Rough-sawn and dried timber, approximately SEK 3,100 per m³ after costs of roughly 40%
Step 3: Processed end products
For example, laminated timber panels, parquet flooring, and interior components
(significantly higher price levels)
Rights issue 2026 – investment in future value
We view the rights issue as an investment in continued growth and value creation.
At full subscription, we will acquire 66,000 new trees. The management of these trees is included together with the maintenance of our existing forest. This involves measures such as pruning and thinning, which contribute to a more valuable and productive forest.
To avoid losing competence within BGF, we need to ensure continued operations. Within a few years, the volume of both new planting and harvesting will increase significantly, making this step necessary.
Terms of the rights issue
- Subscription period: 16 March – 29 April 2026
- Subscription price: SEK 3 per share
- Number of new shares: 6,666,666
- Oversubscription: up to 1,666,666 shares
Capital contribution:
- SEK 20 million at full subscription
- Up to SEK 25 million, including oversubscription
The 66,000 new trees are estimated to generate approximately 22,000 m³, with a standing timber value of approximately SEK 44 million, and significantly higher potential through processing.
The dilution effect amounts to approximately 18%.
A shareholder holding 10,000 shares needs to subscribe for 1,800 new shares (SEK 5,400) to maintain their ownership share.
In the event of oversubscription and allocation, there is an opportunity to acquire a larger share at an advantageous price. Oversubscription can only be allocated if not all shareholders subscribe to their respective entitlements.
Use of proceeds
The capital will primarily be used for:
- New planting
- Maintenance of existing forest
- Securing competence and operational capacity within BGF
We currently manage forest assets valued at approximately SEK 2 billion. If the issue cost of SEK 20 million is considered a management cost, this corresponds to approximately 1% of today’s total value – an investment expected to generate approximately SEK 44 million within 12–20 years (sale of standing timber only).
We currently manage approximately 7,000 hectares of forest, roughly the size of 10,000 football fields.
Valuation, subscription level and communication
The current valuation of the TPS P-share is SEK 52 per share, after costs for sawing, replanting, and drying (approximately 40%).
At the time of writing, the issue has been subscribed to SEK 9,500,000 by major shareholders and by our CEO.
New premises
At the turn of the year, TPS moved into new premises in Gothenburg. The purpose is to strengthen communication with our approximately 7,400 shareholders in around 40 countries, as well as to actively work with financing and planning for the continued development of TPS.
The FAQ section of this website contains new questions and answers regarding emissions and shares.
An exciting year has begun!
With best regards,
Tree Partner Solutions AB (publ)
