Aktia Pankki (AKTIA) investor relations material

Executive summary

• Comparable operating profit for Q2 2025 was EUR 26.2 million, down 15% year-over-year, mainly due to lower interest rates, but in line with expectations.

• Assets under management increased to EUR 15.9 billion, supported by positive net subscriptions and market developments.

• The Momentum acceleration program delivered positive results, with a run-rate improvement of EUR 4 million and a target of EUR 20 million by end-2026.

• Employee engagement remained strong, with a Net Promoter Score of 29 and a Culture Index of 4.3 out of 5.

• CEO transition underway, with Carl Haglund appointed and Anssi Huhta serving as interim CEO.

Financial highlights

• Total operating income for Q2 2025 was EUR 73.3 million, down 4% year-over-year; net interest income fell 11% to EUR 34.7 million.

• Net commission income was stable year-over-year but slightly weaker sequentially; net income from life insurance rose 9% to EUR 8.0 million.

• Comparable operating expenses decreased by 1% to EUR 43.7 million, but total operating expenses increased 5% due to non-recurring and marketing costs.

• Credit loss provisions increased to EUR 3.2 million, mainly from individual impairments.

• Earnings per share (EPS) for Q2: EUR 0.25 (-24% year-over-year); comparable EPS: EUR 0.29 (-16%).

Outlook and guidance

• Comparable operating profit for 2025 is expected to be lower than 2024’s EUR 124.5 million, mainly due to lower interest rates.

• Net interest income is projected to decline; net commission income to remain stable, but market uncertainty could impact results.

• Life insurance business expected to develop steadily; operating expenses to rise slightly due to IT investments.

• Credit losses anticipated to stay moderate, though Finnish real estate sector uncertainty poses risk.