Mandatum Oyj (HEL:MANTA)

Mandatum Oyj Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	93.2	156	164.9	160.7	542.6	196.3
Depreciation & Amortization	4.6	4.7	4.6	4.8	8.6	8.1
Gain (Loss) on Sale of Investments	-244	-277.7	-121.4	-129.4	141.2	-292.1
Change in Income Taxes	-37.8	-43.2	-40.2	-60.4	-13.5	-66
Change in Other Net Operating Assets	-198.4	-480.5	-700.2	-849.7	-553.6	75.4
Other Operating Activities	1,020	1,015	1,575	1,927	-1,153	1,769
Operating Cash Flow	387.6	126.9	72.2	280.2	-15.7	397.9
Operating Cash Flow Growth	-	75.76%	-74.23%	-	-	-
Capital Expenditures	-4	-3.1	-2.3	-5.5	-4.2	-
Sale of Property, Plant & Equipment	-	-	-	-	-	0.2
Cash Acquisitions	-	-	-	-	-7.1	-12.5
Other Investing Activities	-0.1	-0.1	-	-	-	-
Investing Cash Flow	14.4	15.3	-2.3	14.2	-11.3	-12.3
Long-Term Debt Issued	-	-	498.4	-	-	-
Total Debt Repaid	-213.4	-13.4	-251.5	-101.6	-1.5	-1.5
Net Debt Issued (Repaid)	-213.4	-13.4	246.9	-101.6	-1.5	-1.5
Issuance of Common Stock	-	-	-	-	-	55
Common Dividends Paid	-331.8	-331.8	-165.6	-150	-150	-200
Other Financing Activities	0.1	0.1	0.7	-29	-15	-3.4
Financing Cash Flow	-545.1	-345.1	82	-280.6	-166.5	-149.9
Miscellaneous Cash Flow Adjustments	-	0.1	-	-	-	-
Net Cash Flow	-143.1	-202.8	151.9	13.8	-193.5	235.7
Free Cash Flow	383.6	123.8	69.9	274.7	-19.9	397.9
Free Cash Flow Growth	-	77.11%	-74.55%	-	-	-
Free Cash Flow Margin	91.73%	23.32%	11.89%	43.64%	-1.86%	12.49%
Free Cash Flow Per Share	0.72	0.25	0.14	0.55	-0.04	-
Cash Interest Paid	26.8	27.8	18.5	13.3	32.1	24.5
Cash Income Tax Paid	37.8	43.2	40.2	60.4	13.5	66
Levered Free Cash Flow	570.06	329.81	230.21	-3,380	285.63	295.48
Unlevered Free Cash Flow	612.94	375	286.96	-3,331	291.63	304.1
Change in Working Capital	-236.2	-523.7	-740.4	-910.1	-567.1	9.4

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