It’s nice to look at these figures before going to make some morning coffee. Well done Aktia! And it’s great that you are participating on the forum.
Quarter in brief
Comparable operating profit: 43.7 (26.2) million euros, 67 percent higher than last year, thanks to both positive development in core business and the effects of the new ECL model.
Net interest income: 33.1 (34.7) million euros, 5 percent lower than last year, as interest rates on the loan portfolio were lower than in the comparison period. However, net interest income increased by 3 percent compared to the previous quarter.
Net commission income: increased by 7 percent to 32.5 (30.3) million euros, mainly due to the growth in fund commissions.
Net life insurance: 14.1 (8.0) million euros, 75 percent higher than last year due to a strong investment result and improved insurance service result.
Credit losses: decreased by 10.0 million euros to a positive 6.8 (-3.2) million euros, mainly due to the implementation of the new ECL model and the related 8.1 million euro transition effect, as well as the fact that individual impairments decreased by 1.6 million euros and model-based ECL impairments by 0.3 million euros.
Comparable operating expenses: 45.1 (43.7) million euros, 3 percent higher than last year due to slightly higher personnel costs, IT costs, and depreciations.
Assets under management: rose to a new record level of 18.1 billion euros (31 Dec 2025: 16.6 billion euros), thanks to net subscriptions of 376 million euros as well as good development and favorable market conditions.
Outlook for 2026 (updated)
Aktia’s comparable operating profit for 2026 is expected to be roughly at the same level or slightly higher than in 2025, when the comparable operating profit was 106.0 million euros.
Comparable EPS €0.46.