Mandatum Oyj (MANDF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.440 Good morning and welcome to Mandantum's Q3 Audiocast. 00:00:04.440 -- 00:00:09.030 I am Lotta Burström from Investor Relations and it is my pleasure to introduce you our 00:00:09.030 -- 00:00:14.421 CEO Petri Niemi-Svirta and our CFO Matti Ahokas who will guide you through today's 00:00:14.421 -- 00:00:16.062 presentation. 00:00:16.062 -- 00:00:20.326 During this audio cast, we will begin by presenting the highlights and key developments 00:00:20.326 -- 00:00:24.210 of Mandantum's third quarter of 2025. Following 00:00:24.210 -- 00:00:28.914 this, we will proceed to the Q&A session, where you will have the opportunity to dial 00:00:28.914 -- 00:00:34.139 in with any questions you may have. As a new feature, participants can also submit 00:00:34.139 -- 00:00:38.823 questions through the chat, which we will review after the dial-in Q&A. 00:00:38.823 -- 00:00:43.602 With these remarks, I will hand over to Petri, please go ahead. 00:00:43.602 -- 00:00:48.610 Thank you Lotta. And now let me give you an overview of Mandatum's third quarter 00:00:48.610 -- 00:00:51.371 of 2025. In Q3, 00:00:52.176 -- 00:00:57.104 we saw another period of solid growth, which reflects our strong momentum. 00:00:57.104 -- 00:01:02.722 Our profit before taxes increased by 23% compared to the same time last year. 00:01:02.722 -- 00:01:07.514 The good earnings growth was supported by the fee result, which increased by 20% from 00:01:07.514 -- 00:01:12.707 the last year, in line with our guidance. On top of that, our net finance result 00:01:12.707 -- 00:01:18.652 increased significantly from last year due to the favorable interest rate movements. 00:01:18.652 -- 00:01:23.899 The capital light result before taxes, including institutional wealth management, corpo...