Mandatum Oyj Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	290.6	292	336.2	336.8	325.9	1,367
Total Interest & Dividend Income	-365.4	-254	-759.5	-624.1	621.3	1,571
Gain (Loss) on Sale of Investments	462.2	463.8	986	890.9	49	216.2
Other Revenue	30.8	29.2	25.4	25.9	72.3	31
Total Revenue	418.2	531	588.1	629.5	1,069	3,185
Revenue Growth (YoY)	-33.32%	-9.71%	-6.58%	-41.09%	-66.45%	91.49%
Policy Benefits	242.5	257.4	274.5	299	292	2,769
Selling, General & Administrative	-	-	-	-	-	10.7
Other Operating Expenses	4.6	4.8	11.9	18.2	83.5	84.6
Total Operating Expenses	247.1	262.2	286.4	317.2	375.5	2,925
Operating Income	171.1	268.8	301.7	312.3	693	260
Interest Expense	-68.6	-72.3	-90.8	-77.7	-9.6	-13.8
Earnings From Equity Investments	-1.3	-0.9	-1.6	-1.8	0.1	0.6
Other Non Operating Income (Expenses)	-0.1	-	-	-	-0.1	-
EBT Excluding Unusual Items	101.1	195.6	209.3	232.8	683.4	246.8
Gain (Loss) on Sale of Assets	-6.5	-6.5	-1.9	-12.5	-0.9	0.3
Asset Writedown	-0.5	-7	-4.5	-9.9	-1.2	-
Pretax Income	94.1	182.1	202.9	210.4	681.3	247.1
Income Tax Expense	0.9	26.1	38	49.9	138.9	50.9
Earnings From Continuing Ops.	93.2	156	164.9	160.5	542.4	196.2
Minority Interest in Earnings	-	-	-	0.2	0.2	0.1
Net Income	93.2	156	164.9	160.7	542.6	196.3
Preferred Dividends & Other Adjustments	-	-	-	-	484.5	-
Net Income to Common	93.2	156	164.9	160.7	58.1	196.3
Net Income Growth	-47.49%	-5.40%	2.61%	-70.38%	176.41%	67.78%
Shares Outstanding (Basic)	532	503	502	502	502	-
Shares Outstanding (Diluted)	533	504	502	502	502	-
Shares Change (YoY)	6.10%	0.34%	0.05%	-	-	-
EPS (Basic)	0.18	0.31	0.33	0.32	0.12	-
EPS (Diluted)	0.18	0.31	0.33	0.32	0.12	-
EPS Growth	-50.42%	-5.62%	2.56%	176.59%	-	-
Free Cash Flow	383.6	123.8	69.9	274.7	-19.9	397.9
Free Cash Flow Per Share	0.72	0.25	0.14	0.55	-0.04	-
Dividend Per Share	0.850	0.850	0.330	0.330	-	-
Dividend Growth	157.58%	157.58%	-	-	-	-
Operating Margin	40.91%	50.62%	51.30%	49.61%	64.86%	8.16%
Profit Margin	22.29%	29.38%	28.04%	25.53%	5.44%	6.16%
Free Cash Flow Margin	91.73%	23.32%	11.89%	43.64%	-1.86%	12.49%
EBITDA	172.9	270.7	303.8	315.5	700	266.5
EBITDA Margin	41.34%	50.98%	51.66%	50.12%	65.51%	8.37%
D&A For EBITDA	1.8	1.9	2.1	3.2	7	6.5
EBIT	171.1	268.8	301.7	312.3	693	260
EBIT Margin	40.91%	50.62%	51.30%	49.61%	64.86%	8.16%
Effective Tax Rate	0.96%	14.33%	18.73%	23.72%	20.39%	20.60%

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