Mandatum Posts Strong Q3 2025 Growth Amid Efficiency Gains

Mandatum Oyj delivered a robust Q3 2025 performance, with profit before tax rising 23 % year‑on‑year. A 20 % increase in fee income and a marked improvement in operational efficiency (cost‑to‑income ratio falling to roughly 50 %) were the twin levers behind the result. Meanwhile, assets under management hit a record €14.9 billion, buoyed by strong inflows in institutional wealth management and international expansion—especially in Sweden and the newly established Luxembourg office. Looking ahead, Mandatum reaffirmed its 2028 target of 10 %+ annual capital‑light profit growth, while organic capital generation reached €70 million in the quarter (~€0.14 per share) and return on equity came in at 13.6 %. On the flip side, the company noted that net flows in some retail and corporate segments remained flat or slightly negative due to seasonal factors and legacy business headwinds. However, management emphasised that their scalable model and diversified business mix position them well for further expansion. #Mandatum #Q32025Earnings #WealthManagement #OperationalEfficiency #SlimScan #GrowthStocks #CANSLIM