Full Year 2025 Mandatum Oyj Earnings Call Transcript

Feb 12, 2026 / 09:00 AM GMT

Release Date Price: $7.84

Transcript

Key Points

Positve

Mandatum PLC (MANDF) achieved a 10% increase in client assets under management, reaching a new milestone of €15.3 billion.
The company's capital-like profit before taxes increased by 28% to €27 million, driven by asset and private wealth management.
Mandatum PLC (MANDF) maintained a strong solvency ratio of 169%, indicating a robust financial position.
Operational efficiency improved, with the cost to income ratio dropping by 9 percentage points to 49%.
The company received multiple awards for its investment products, highlighting strong performance across several asset classes.

Negative

Profit before taxes decreased by 14% to €13.3 million due to lower net finance results.
Quarterly net flows were lower compared to the previous period due to large client distributions.
The net finance result decreased to €19 million, impacted by the absence of a €16 million dividend from Saxo Bank.
Sales of risk life insurance fell short of ambitious targets set by the company.
Fee margins slightly decreased year-on-year due to mixed effects in institutional wealth management volumes.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MANTA.HE - Mandatum Oyj
Full Year 2025 Mandatum Oyj Earnings Call
Feb 12, 2026 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to Madatum's Q4 2025 results audiocast. My name is Lotto Bostrom from Investor relations, and I am pleased to open today's call. I am joined today by our CEO Petron Niemis Firta and our CFO Matte Ajoas, who will take you through the highlights and key developments of the quarter.

We'll begin with the management presentation after which we will move on to the Q&A session and as always you can participate either by dialing in or by submitting your questions through the chat.

We will review the chat questions once the dial-in Q&A has concluded.

Before we get started, a brief reminder that the materials for today's calls are available on our website.

With these remarks, I

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