Mandatum Oyj Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	292	336.2	336.8	325.9	1,367
Total Interest & Dividend Income	-	-759.5	-624.1	621.3	1,571
Gain (Loss) on Sale of Investments	-	986	890.9	49	216.2
Other Revenue	188	31.6	25.9	72.3	31
Total Revenue	480	594.3	629.5	1,069	3,185
Revenue Growth (YoY)	-19.23%	-5.59%	-41.09%	-66.45%	91.49%
Policy Benefits	257.4	274.5	299	292	2,769
Selling, General & Administrative	-	-	-	-	10.7
Other Operating Expenses	16.6	18.1	18.2	83.5	84.6
Total Operating Expenses	274	292.6	317.2	375.5	2,925
Operating Income	206	301.7	312.3	693	260
Interest Expense	-23	-90.8	-77.7	-9.6	-13.8
Earnings From Equity Investments	-0.9	-1.6	-1.8	0.1	0.6
Other Non Operating Income (Expenses)	-	-	-	-0.1	-
EBT Excluding Unusual Items	182.1	209.3	232.8	683.4	246.8
Gain (Loss) on Sale of Assets	-	-1.9	-12.5	-0.9	0.3
Asset Writedown	-	-4.5	-9.9	-1.2	-
Pretax Income	182.1	202.9	210.4	681.3	247.1
Income Tax Expense	26.1	38	49.9	138.9	50.9
Earnings From Continuing Ops.	156	164.9	160.5	542.4	196.2
Minority Interest in Earnings	-	-	0.2	0.2	0.1
Net Income	156	164.9	160.7	542.6	196.3
Preferred Dividends & Other Adjustments	-	-	-	484.5	-
Net Income to Common	156	164.9	160.7	58.1	196.3
Net Income Growth	-5.40%	2.61%	-70.38%	176.41%	67.78%
Shares Outstanding (Basic)	503	502	502	502	-
Shares Outstanding (Diluted)	503	502	502	502	-
Shares Change (YoY)	0.23%	0.05%	-	-	-
EPS (Basic)	0.31	0.33	0.32	0.12	-
EPS (Diluted)	0.31	0.33	0.32	0.12	-
EPS Growth	-5.62%	2.56%	176.59%	-	-
Free Cash Flow	123.8	69.8	274.7	-19.9	397.9
Free Cash Flow Per Share	0.25	0.14	0.55	-0.04	-
Dividend Per Share	-	0.330	0.330	-	-
Operating Margin	42.92%	50.77%	49.61%	64.86%	8.16%
Profit Margin	32.50%	27.75%	25.53%	5.44%	6.16%
Free Cash Flow Margin	25.79%	11.74%	43.64%	-1.86%	12.49%
EBITDA	210.7	303.8	315.5	700	266.5
EBITDA Margin	43.90%	51.12%	50.12%	65.51%	8.37%
D&A For EBITDA	4.7	2.1	3.2	7	6.5
EBIT	206	301.7	312.3	693	260
EBIT Margin	42.92%	50.77%	49.61%	64.86%	8.16%
Effective Tax Rate	14.33%	18.73%	23.72%	20.39%	20.60%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.