YIT

The Finnish Transport Infrastructure Agency has selected YIT to carry out Area Contract 4 of the Espoo Urban Railway project, covering the section between Espoo Center and Kauklahti. The contract was signed on March 5, 2026, with a total value of approximately EUR 73 million. The project will be recorded in YIT's order book for the first quarter of 2026. Preparatory works will begin in March, and the project is expected to be completed in 2029. 

YIT has been involved in the construction of the project from the very beginning and currently serves as the main contractor for the excavation works as well as one of the two main contractors for Area Contract 2. 

"Espoo Urban Railway is one of the most significant infrastructure projects in the Helsinki metropolitan area. Our strategic investments in the development of rail construction strengthen YIT's ability to deliver comprehensive rail infrastructure solutions for even the most demanding projects. We are proud to take part in building this important connection for the future," said Aleksi Laine, EVP of YIT's Infra segment. 

"This is an exceptionally demanding rail project, both in terms of scope and workload. We are very pleased to now move forward with construction. For the first time, we will be able to fully utilize this year's rail traffic closures across the entire project area," said Project Manager Tommi Rosenvall from the Finnish Transport Infrastructure Agency. 

The most visible changes in the contract area will take place around Kauklahti station, where a new underpass will be built beneath the tracks. A new southern side platform will be constructed, and the existing island platform will be widened. The new pair of tracks will be built south of the current tracks, with parts of the work overlapping with the Kaupunginkallio excavation. 

Other key structures include a new railway bridge over the Espoonjoki River, new Vadetinportti underpasses beneath the railway, and the widening of the Vantinportti underpass bridge. Between Espoonjoki and Kauklahti station, nearly one kilometer of slab track will be built, protected by retaining walls while train traffic continues. 

Initial construction activities include building access roads, ground stabilization, retaining wall works, and material transports at the eastern end of the contract area. 

Once completed, the Espoo Urban Railway will enable more frequent commuter rail service between Leppävaara and Kauklahti, improve punctuality along the coastal line, and reduce service disruption 

For further information:

YIT Corporate Communications, tel. +358 44 743 7536, press@yit.fi

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com  

YIT builds thriving living environments in Europe. For more than 110 years, we have made everyday life smoother by building homes for a good life, spaces where people and businesses can thrive, and infrastructure that supports the essential functions of society. We operate in seven countries and employ approximately 4,100 professionals. In 2025, our revenue was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki. 

Read more: www.yitgroup.com and follow us on Linkedin I X I Instagram I Facebook

YIT adopts percentage of completion revenue recognition method in segment reporting and publishes comparison financial information for 2025, basis for presenting the guidance changes

YIT has completed the plans related to the previously announced change in the operating model and, as part of the new operating model, will adopt percentage of completion revenue recognition method for self-developed projects in its internal management and reporting. The change will be reflected also in the external segment reporting, improving transparency of financial reporting and providing the capital market with a better and more consistent view of the businesses' financial performance. The change has no impact on the IFRS accounting policy.

Adopting the percentage of completion revenue recognition method impacts the timing of the revenue recognition in segment reporting. Therefore, it has no impact on YIT's financial targets set for the strategy period 2025-2029 or the adjusted operating profit guidance given for year 2026. Going forward, YIT publishes adjusted operating profit only in accordance with the segment reporting, which will serve as basis for the guidance for 2026.

Starting from the first quarter of 2026, YIT will report all operations using the percentage of completion revenue recognition method in segment reporting. Revenue from sales of self-developed projects will be reported using the percentage of completion method in segment reporting, in contrast to the previously used method where revenue was recognized upon the project completion, when control is transferred to the customer. The new revenue recognition method provides more timely and predictable information, as it reflects the progress of the projects based on both the degree of completion and the sales rate already during the project. The impact is primarily reflected in the residential segments' revenue recognition.

Going forward, YIT will present financial information both according to the IFRS accounting standards and according to segment reporting using the percentage of completion revenue recognition method for self-developed projects. Reconciliations between the two reporting methods will also be provided. The key performance indicators for segment reporting are updated to reflect the new method.

YIT publishes comparison financial information for 2025 to reflect the announced change of the revenue recognition method in segment reporting including also the change in the definition of operating profit adjusting items, announced on February 6, 2026. The new comparison financial information for 2025 is presented in the table attached to this release. The information is unaudited.

For further information:
Essi Nikitin, Vice President, Investor Relations, YIT Corporation, tel. +358 50 581 1455, essi.nikitin@yit.fi

YIT Corporation

Markus Pietikäinen
CFO, interim

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com

YIT builds thriving living environments in Europe. For more than 110 years, we have made everyday life smoother by building homes for a good life, spaces where people and businesses can thrive, and infrastructure that supports the essential functions of society. We operate in seven countries and employ approximately 4,100 professionals. In 2025, our revenue was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.

Read more: www.yitgroup.com and follow us on Linkedin I X I Instagram I Facebook

YIT redeems its outstanding green capital securities on the reset date March 31, 2026

YIT Corporation ("YIT") will exercise its right to redeem its originally EUR 100 million green capital securities issued on March 31, 2021 (ISIN: FI4000496310) (the "Capital Securities").

The outstanding EUR 46 million Capital Securities will be redeemed in whole on March 31, 2026 (the "Reset Date") in accordance with the terms and conditions of the Capital Securities. Holders of the Capital Securities will receive a redemption price equal to the principal amount of the note together with any accrued interest to, but excluding, the Reset Date.

This notice of redemption is irrevocable and is given to the calculation agent and holders of the Capital Securities in accordance with the terms and conditions of the Capital Securities.

Further information:
Markus Pietikäinen, CFO, interim, YIT Corporation, tel. +358 40 525 3024, markus.pietikainen@yit.fi

YIT Corporation

Markus Pietikäinen
CFO, interim

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com

YIT builds thriving living environments in Europe. For more than 110 years, we have made everyday life smoother by building homes for a good life, spaces where people and businesses can thrive, and infrastructure that supports the essential functions of society. We operate in seven countries and employ approximately 4,100 professionals. In 2025, our revenue was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.

Read more: www.yitgroup.com and follow us on Linkedin I X I Instagram I Facebook

Notice convening YIT Corporation's Annual General Meeting

The shareholders of YIT Corporation are invited to attend the Annual General Meeting to be held on Thursday, March 19, 2026, starting at 11:00 a.m. Finnish time (GMT+2) at Finlandia Hall, Helsinki Hall at the address Mannerheimintie 13e, 00100 Helsinki, Finland (entrance M3, from Mannerheimintie door).

Check-in for those who have registered for the meeting, the distribution of voting tickets and coffee service will start at the meeting venue at 10:00 a.m. Finnish time. Heikki Vuorenmaa, President and CEO of YIT Corporation, will be available to meet with meeting participants at the Investor Relations desk located in the Helsinki Hall lobby before the start of the General Meeting from 10:00 to 10:30 a.m. Questions may be presented to the President and CEO at this event, but the event held prior to the General Meeting is not part of the General Meeting.

Shareholders may also exercise their voting rights by voting in advance. Further information on advance voting is presented in section C. 2. of this notice.

Shareholders may follow the Annual General Meeting via a video stream in Finnish. It is not possible to pose questions, make counterproposals, speak, or vote through the online video stream. Following the meeting via the video stream shall not be regarded as participation in the General Meeting in accordance with the Limited Liability Companies Act or as exercising shareholders' rights. Instructions on how to register for the video stream www.yitgroup.com/agm2026.

A. Matters to be considered at the Annual General Meeting

Information and proposals concerning formal organizational matters in agenda items 1 to 5 are included in a separate organizational document published on the Company's website at www.yitgroup.com/agm2026, which document also constitutes a part of this notice. The document will be supplemented as needed at the General Meeting with such information that is not available before the Annual General Meeting.

At the General Meeting, the following matters will be considered: 

1. Opening of the meeting

2. Calling the meeting to order

3. Election of the persons to scrutinize the minutes and to supervise the counting of votes

4. Recording the legality of the meeting

5. Recording the attendance and adoption of the list of votes

6. Presentation of the financial statements, the report of the Board of Directors, the consolidated financial statements, the auditor's report and the assurance report on the sustainability statement for the year 2025

The President and CEO reviews the financial year 2025 and presents the outlook for 2026.

YIT Corporation's Annual Review, which includes the parent company's financial statements, the report of the Board of Directors (including the sustainability statement), the consolidated financial statements, the auditor's report and the assurance report on the sustainability statement, will be available on the Company's website at www.yitgroup.com/ as of February 25, 2026.

7. Adoption of the financial statements and the consolidated financial statements

8. Resolution on the use of profit shown on the balance sheet and the distribution of dividend

The Board of Directors proposes that no dividend be paid based on the balance sheet to be adopted for the financial year 2025.

9. Resolution on the discharge of the members of the Board of Directors and the President and CEO from liability

10. Presentation of the remuneration report for governing bodies

The remuneration report for the Company's governing bodies will be available on the Company's website at www.yitgroup.com/ as of February 25, 2026.

11. Resolution on the remuneration of the Chairperson, Vice Chairperson and members of the Board   of Directors and the remuneration of the Shareholders' Nomination Board

The Shareholders' Nomination Board proposes that the remuneration payable to the members of the Board of Directors remains unchanged and that the following fixed annual remuneration be paid to the members of the Board of Directors for the term of office ending at the conclusion of the next Annual General Meeting:

• Chairperson of the Board: EUR 105,000;
• Vice Chairperson of the Board and Chairpersons of permanent committees: EUR 73,500, unless the same person is Chairperson or Vice Chairperson of the Board; and
• members: EUR 52,500.

In addition, the Nomination Board proposes that, based on the resolution of the Annual General Meeting, 40% of the fixed annual fee shall be paid in YIT Corporation's shares to be purchased on the Board members' behalf at a price determined in public trading at the Helsinki Stock Exchange (Nasdaq Helsinki Ltd). The shares will be purchased within two weeks of the publication of the interim report for the period January 1-March 31, 2026 or on the first possible date under applicable law. The Company will pay any costs related to the purchase of shares.

The Nomination Board recommends that members of the Board of Directors do not divest the shares awarded to them as a fixed annual fee until their term on the Board has expired. The Nomination Board views that long-term oriented and increasing share ownership by the members of the Board of Directors benefits all shareholders.

The Nomination Board further proposes that the members of the Board and its permanent and temporarily appointed committees be paid a meeting fee of EUR 800 per meeting, also for meetings of the Board and its committees held via electronic remote connections or by telephone.

It is proposed that the Chairperson of the Board and the Chairpersons of the permanent and temporarily appointed committees be paid a meeting fee of EUR 1,600 per meeting. Per diems are proposed to be paid for trips in Finland and abroad in accordance with the group's travel guidelines and the Tax Administration's travelling compensation regulations.

In addition, the Nomination Board proposes that the remuneration payable to the members of the Shareholders' Nomination Board remains unchanged and that the members of the Shareholders' Nomination Board, including the expert member, be paid a meeting fee of EUR 800 per Board meeting and the Chairperson of the Shareholders' Nomination Board be paid EUR 1,600 per Board meeting.

12. Resolution on the number of members of the Board of Directors

The Shareholders' Nomination Board proposes that a Chairperson, a Vice Chairperson and four (4) ordinary members be elected to the Company's Board of Directors.

13. Election of the Chairperson, Vice Chairperson and members of the Board of Directors

The Shareholders' Nomination Board proposes that the following persons be re-elected as members of the Board of Directors of the Company for a term of office ending at the conclusion of the next Annual General Meeting following their election: Jyri Luomakoski as Chairperson, Casimir Lindholm as Vice Chairperson, and Anders Dahlblom, Sami Laine, Kerttu Tuomas and Leena Vainiomäki as members.

With respect to the election procedure of the members of the Board of Directors, the Nomination Board recommends that the shareholders take a position on the proposal as a whole. In preparing its proposals, the Nomination Board, in addition to ensuring that the individual nominees for membership of the Board of Directors possess the required competences, has determined that the proposed Board of Directors as a whole also has the best possible expertise for the Company and that the composition of the Board of Directors meets all other requirements of the law and the Finnish Corporate Governance Code for listed companies.

All candidates have consented to being elected and are independent of the Company and of its significant shareholders with the exception of Anders Dahlblom, who is dependent on a significant shareholder of the Company. Essential information regarding the proposed members, including the CVs and assessments of independence, is available on the Company's website at www.yitgroup.com/agm2026.

14. Resolution on the remuneration of the auditor and the sustainability auditor

The Board of Directors proposes on recommendation of the Audit Committee that the auditor's and the sustainability auditor's fees will be paid according to the invoice approved by the Company.

15. Election of the auditor and the sustainability auditor

The Board of Directors proposes on recommendation of the Audit Committee that Ernst & Young Oy, Authorized Public Accountants, be re-elected as the Company's auditor for a term of office ending at the conclusion of the next Annual General Meeting following their election, with Mikko Rytilahti, APA, serving as the chief auditor.

In addition, the Board of Directors proposes on recommendation of the Audit Committee that Ernst & Young Oy, Authorized Sustainability Audit Firm, be re-elected as the Company's sustainability auditor for a term of office ending at the conclusion of the next Annual General Meeting following their election, with Mikko Rytilahti, ASA, serving as the chief sustainability auditor.

16. Authorization of the Board of Directors to resolve on the repurchase of own shares

The Board of Directors proposes that the Annual General Meeting authorize the Board of Directors to resolve on the repurchase of the Company's own shares using the Company's unrestricted equity under the following terms and conditions:

A maximum of 23,000,000 Company shares in total may be purchased, corresponding to approximately 10% of all Company shares. However, the number of shares held by the Company may not represent more than 10% of all shares in the Company. This number includes all the treasury shares held by the Company and its subsidiaries in the manner provided for in chapter 15, section 11(1) of the Limited Liability Companies Act.

The Board of Directors is authorized to resolve how Company shares are purchased. Company shares may be purchased at a price determined by public trading on the day of purchase or at a price otherwise determined at the market. Shares may be purchased in a proportion other than that of the shares held by the shareholders.

The authorization revokes the authorization to repurchase the Company's own shares issued by the Annual General Meeting on April 3, 2025. The authorization is valid until the close of the next Annual General Meeting, however, no longer than until June 30, 2027.

17. Authorization of the Board of Directors to resolve on share issues

The Board of Directors proposes that the Annual General Meeting authorize the Board of Directors to resolve on share issues under the following terms and conditions:

The authorization may be used in full or in part by issuing shares in the Company in one or more tranches so that the maximum number of shares issued is a total of 23,000,000, corresponding to approximately 10% of all Company shares.

The Board of Directors is authorized to resolve on all terms and conditions of the share issue. The Board of Directors may also resolve on a directed share issue in deviation from the shareholders' pre-emptive subscription rights. Shares can be issued for subscription with or without consideration.

Based on the authorization, the Board of Directors may also resolve on a share issue without consideration to the Company itself so that the number of own shares held by the Company after the share issue represents a maximum of 10% of all shares in the Company. This number includes all the treasury shares held by the Company and its subsidiaries in the manner provided for in chapter 15, section 11(1) of the Limited Liability Companies Act.

The authorization revokes the authorization to resolve on share issues issued by the Annual General Meeting on April 3, 2025. The authorization is valid until the close of the next Annual General Meeting, however, no longer than until June 30, 2027.

18. Closing of the meeting

B. Documents of the General Meeting

The above resolution proposals on the matters on the agenda of the Annual General Meeting and this notice convening the meeting are available on YIT Corporation's website at www.yitgroup.com/agm2026. YIT Corporation's Annual Review, which includes the parent company's financial statements, the report of the Board of Directors (including the sustainability statement), consolidated financial statements, the auditor's report the and the assurance report on the sustainability statement, as well as the remuneration report for YIT Corporation's governing bodies and the organizational document will be available on said website as of February 25, 2026. The resolution proposals, the financial statement documents and the other documents referred to above will also be available for viewing at the Annual General Meeting.

The minutes of the Annual General Meeting will be available on said website on April 2, 2026, at the latest.

C. Instructions for those participating in the General Meeting

1. Shareholders registered in the shareholders' register

A shareholder who is registered in the Company's shareholders' register, which is maintained by Euroclear Finland Oy, on the record date of the General Meeting, March 9, 2026, has the right to participate in the General Meeting. A shareholder whose shares are registered in the shareholder's personal Finnish book-entry account has been registered in the shareholders' register of the Company.

Changes in shareholding after the record date of the General Meeting shall not affect the right to attend the meeting or the voting rights of the shareholder.

The registration for the Annual General Meeting begins on February 25, 2026 at 2:00 p.m. Finnish time. A shareholder whose shares are registered in the shareholder's personal Finnish book-entry account and who wishes to participate in the Annual General Meeting shall register for the Annual General Meeting no later than by March 16, 2026 at 10:00 a.m. Finnish time, by which time the registration must be received. Registration for the Annual General Meeting can be made:

a) Online through YIT Corporation's website at www.yitgroup.com/agm2026. Shareholders who are natural persons must sign into the online registration service using strong electronic authentication with a Finnish bank ID or a Finnish mobile certificate. Shareholders who are legal persons are required to sign in using their book-entry account number and their business ID or identification code. Alternatively, shareholders who are legal persons can authorize a proxy representative via the Suomi.fi service at www.suomi.fi/e-authorizations using the authorization for `Representation at the General Meeting'. The proxy representative authorized via the Suomi.fi service must sign into the online registration service using strong electronic identification with a Finnish bank ID or a Finnish mobile certificate.

b) By email to Innovatics Oy at agm@innovatics.fi. The registering shareholder must include in the message the registration form available on the Company's website and the possible advance voting form or corresponding information.

c) By phone through Innovatics Oy at number 010 2818 909 on weekdays between 9:00 a.m. and 12:00 noon and between 1:00 p.m. and 4:00 p.m. Finnish time. Advance voting is not possible in connection with registering by phone.

The requested information, such as the shareholder's name, date of birth or business ID, address, telephone number and email address, the name of a proxy representative and/or assistant, if any, as well as the proxy representative's date of birth, telephone number and email address, must be provided in connection with the registration.

The personal data disclosed by the shareholders to YIT Corporation or Innovatics Oy will only be used in connection with the Annual General Meeting and the processing of related necessary registrations. Further information on the processing of personal data is available on the Company's website at www.yitgroup.com/agm2026.

A shareholder, their representative or proxy representative shall, upon request, be able to prove their identity and/or right of representation at the meeting venue.

Further information on registration and advance voting is available by phone during the registration period for the Annual General Meeting from Innovatics Oy at telephone number 010 2818 909 on weekdays between 9:00 a.m. and 12:00noon and between 1:00 p.m. and 4:00 p.m. Finnish time.

2. Advance voting

Shareholders with a Finnish book-entry account can vote in advance on certain matters on the agenda of the General Meeting in the following ways:

a) Online through YIT Corporation's website at www.yitgroup.com/agm2026 in the service available between February 25, 2026 at 2:00 p.m. Finnish time to March 16, 2026 at 10:00 a.m. Finnish time. Shareholders can sign in to the advance voting service the same way as to the online registration service referred to above in section C. 1. a) of these instructions.

b) By email by delivering the advance voting form available on the Company's website or corresponding information to Innovatics Oy at agm@innovatics.fi. The advance votes must be received by the end of the advance voting period. Delivering the votes in this manner before the end of the registration and advance voting period shall be considered registration for the Annual General Meeting, provided that the above-mentioned information required for registration is included.

Resolution proposals that are subject to advance voting are considered to have been presented unchanged in the General Meeting, and the advance votes are taken into account in a possible vote held at the meeting venue also in circumstances where an alternative resolution proposal concerning the matter has been presented. Taking the votes into account requires that the shareholders who voted in advance are registered in the Company's shareholders' register maintained by Euroclear Finland Oy on the record date of the General Meeting. Shareholders voting in advance will not be able to use their rights under the Limited Liability Companies Act to request information or a vote, unless they are present at the General Meeting in person or by way of proxy representation.

The instructions for advance voting are available on the Company's website at www.yitgroup.com/agm2026.

Holders of nominee registered shares can vote in advance through their account operators. Account operators can vote in advance on behalf of the holders of nominee registered shares they represent in accordance with such shareholders' voting instructions during the registration period applicable to holders of nominee-registered shares set out in the below section C. 3. of these instructions.

3. Holder of nominee registered shares

A holder of nominee registered shares has the right to participate in the Annual General Meeting based on the shares that would entitle them to be registered in the shareholders' register maintained by Euroclear Finland Oy on the record date of the General Meeting, March 9, 2026. In addition, the right to participate requires that the holder of nominee registered shares is temporarily entered into the shareholders' register maintained by Euroclear Finland Oy based on such shares by March 16, 2026 at 10:00 a.m. Finnish time at the latest. As regards nominee registered shares, this is considered registration for the General Meeting. Changes in shareholding after the record date of the General Meeting shall not affect the right to attend the meeting or the voting rights of the shareholder.

Holders of nominee registered shares are advised to request in good time the necessary instructions regarding temporary registration in the shareholders' register of the Company, the issuing of proxy documents and voting instructions, registration for the General Meeting and advance voting from their custodian bank. The account operator of the custodian bank must register a holder of nominee registered shares who wishes to participate in the Annual General Meeting temporarily into the shareholders' register of the Company at the latest by the time stated above, and, if needed, take care of voting in advance on behalf of the holder of nominee registered shares within the registration period applicable to holders of nominee registered shares.

4. Proxy representative and powers of attorney

A shareholder may participate in the General Meeting and exercise their rights at the meeting through a proxy representative. A proxy representative of a shareholder may also vote in advance in the manner described in section C. 2. of these instructions. A proxy representative must identify themselves in the online registration service using strong electronic authentication, after which they can register and vote in advance on behalf of the shareholder they represent.

The proxy representative shall present a dated proxy document or otherwise in a reliable manner demonstrate their right to represent the shareholder at the General Meeting. If a shareholder participates in the General Meeting by means of several proxy representatives representing the shareholder with shares held in different securities accounts, the shares by which each proxy representative represents the shareholder shall be identified in connection with the registration for the Annual General Meeting.

A proxy template is available on the Company's website at www.yitgroup.com/agm2026.

Possible proxy documents should preferably be delivered as an attachment in connection with the online registration or alternatively by email to agm@innovatics.fi before the end of the registration period.

In addition to delivering a proxy document, the shareholder or their proxy representative must see to the registration to the General Meeting in the manner described above in section C. 1. of these instructions.

A shareholder who is a natural person may also choose to authorize a proxy representative in the online registration service referred to in section C. 1. a) of these instructions.

A shareholder who is a legal person may, as an alternative for a traditional proxy document, authorize a proxy representative by using the Suomi.fi e-authorization service. The proxy representative is authorized via the Suomi.fi service at www.suomi.fi/e-authorizations (authorization for `Representation at the General Meeting'). In the General Meeting registration service, the proxy representatives must identify themselves by using strong electronic identification, after which the e-authorization is verified automatically. Strong electronic identification requires a Finnish bank ID or a Finnish mobile certificate. For more information on e-authorization, please see www.suomi.fi/e-authorizations.

5. Other information

The meeting will be held in Finnish.

Pursuant to chapter 5, section 25 of the Limited Liability Companies Act, a shareholder who is present at the General Meeting has the right to request information with respect to the matters to be considered at the meeting.

On the date of this notice convening the Annual General Meeting, the total number of shares and votes in YIT Corporation is 232,059,853. On the date of this notice, the Company holds a total of 1,413,792 treasury shares. Pursuant to the Limited Liability Companies Act, shares held by the Company itself or by its subsidiaries do not carry a right to participate in the General Meeting.

Helsinki, February 25, 2026

YIT Corporation

Board of Directors

For further information:
Essi Nikitin, Vice President, Investor Relations, YIT Corporation, tel. +358 50 581 1455, essi.nikitin@yit.fi

YIT Corporation

Markus Pietikäinen
Interim CFO

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com

YIT builds thriving living environments in Europe. For more than 110 years, we have made everyday life smoother by building homes for a good life, spaces where people and businesses can thrive, and infrastructure that supports the essential functions of society. We operate in seven countries and employ approximately 4,100 professionals. In 2025, our revenue was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.

Read more: www.yitgroup.com and follow us on Linkedin I X I Instagram I Facebook

YIT's Annual Review for 2025 published

YIT's Annual Review for 2025 has been published today on the company's website at www.yitgroup.com/annualreports and as an attachment to this stock exchange release.

The Annual Review consists of the Report of the Board of Directors, Consolidated Financial Statements, Parent Company's Financial Statements and Auditor's Report. The Report of the Board of Directors contains the Sustainability Statement, which has been prepared based on the EU Corporate Sustainability Reporting Directive (CSRD) in accordance with the European Sustainability Reporting Standards (ESRS). The audit firm Ernst & Young Oy has provided a limited assurance report on the Sustainability Statement.

In addition, YIT has published the Report of the Board of Directors and the Financial Statements in accordance with the European Single Electronic Format (ESEF) reporting requirements in the format of Extensible Hypertext Markup Language (xHTML), which is available at www.yitgroup.com/annualreports and as attachment to this stock exchange release. The audit firm Ernst & Young Oy has provided an independent auditor's reasonable assurance report on the ESEF Financial Statements. The reasonable assurance engagement has been conducted in accordance with ISAE 3000.

The Corporate Governance Statement and the Remuneration Report have been published as separate PDF files at www.yitgroup.com/corporategovernance and as attachments to this stock exchange release.

All publications in PDF format are available in Finnish and English, but the xHTML file is published only in Finnish. 

For further information:
Essi Nikitin, Vice President, Investor Relations, YIT Corporation, tel. +358 50 581 1455, essi.nikitin@yit.fi

YIT Corporation

Markus Pietikäinen
Interim CFO

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com

YIT builds thriving living environments in Europe. For more than 110 years, we have made everyday life smoother by building homes for a good life, spaces where people and businesses can thrive, and infrastructure that supports the essential functions of society. We operate in seven countries and employ approximately 4,100 professionals. In 2025, our revenue was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.

Read more: www.yitgroup.com and follow us on Linkedin I X I Instagram I Facebook

YIT and Helsinki City Housing Company (Heka) have signed a comprehensive agreement on the renovation of a rental housing company located at Jokiniementie 5 in Veräjämäki, Helsinki. The total value of the contract for YIT is just under EUR 14 million, and it will be recorded in the order book for the first quarter of the year.

The renovation agreement encompasses two apartment buildings completed in 1964, with a total of 116 apartments, a garage building, and a waste canopy to be converted into a bicycle storage facility. The apartment buildings consist of four residential floors and a basement. As part of the renovation, accessibility, building technology and energy efficiency of the housing company will be improved by implementing geothermal heat alongside district heating and by adding heat recovery to exhaust ventilation. Facades and courtyards will also be renovated.

"After a comprehensive renovation, the quality level of the apartments will rise significantly, and they will provide a comfortable and safe home for Helsinki residents for decades to come," says Vesa Nevala, Housing Development Director at Heka.

"This project will continue our long-term collaboration with Heka. Renovation is a significant environmental measure. In connection with it, the housing company's energy solutions will be improved and the properties will be upgraded to be more energy efficient," says Jani Dementjeff, Vice President of the Renovation unit at YIT.

The construction works will be started at the end of April 2026, and the project will be completed in spring 2027.

Further information:
YIT Group Communications, tel. +358 44 743 7536, press@yit.fi

YIT creates attractive living environments in Europe. For more than 110 years, we have made everyday life easier by building homes for a good life, spaces where people and businesses can thrive, and infrastructure that ensures society works. We operate in seven countries and employ around 4,100 professionals. Our revenue in 2025 was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.

Learn more: https://www.yitgroup.com/en and follow us on LinkedIn I X I Instagram I Facebook

The Ministry of the Environment, and the Ministry of Economic Affairs and Employment of Finland, have approved YIT's Green Deal commitment for the circular economy, which aims to reduce the use of natural resources and promote a low-carbon circular economy by 2035. The commitment strengthens YIT's long-term work to promote the circular economy and accelerates concrete actions in the reuse of construction material streams.

As part of the commitment, YIT undertakes to develop solutions for replacing virgin soil and aggregates with surplus masses and recycled aggregates. In particular, predictability and collaboration between the parties and stakeholders will be increased. In addition, YIT undertakes to develop its operations to increase the share of other reusable and recycled materials, along with identifying materials suitable for reuse and recycling from its projects and seeking applications for them. The aim is to integrate the principles of circular economy to all YIT's operations.

"The Green Deal commitment gives a boost to our circular economy work. Now we focus on making a leap in our own operations and we want to use existing building materials more extensively than before, making the circular economy a reality at YIT," said Project Manager Sini Ruohoniemi, responsible for the Green Deal commitment for the circular economy at YIT.

In YIT's projects, different solution options are considered from the perspective of the circular economy, and in the future, a circular economy plan will be drawn up and monitored closely to ensure implementation. YIT has already implemented many circular economy solutions, of which here are a few examples:

• Gesterby School Center Wigge, Kirkkonummi: virgin soil and stone materials were replaced and concrete from the dismantled school was crushed and used on the plot for backfilling. This also significantly decreased the amount of energy and fuel needed for transporting the masses.
• Siilinlahti life cycle school, Siilinjärvi: concrete from the old school was utilized in the filling of the municipality's industrial area.
•  Aleksanterinkatu 13, Helsinki: the property's old copper roofing sheets, marble tiles, ceiling tiles, bricks and lamps were reused. In addition, used parquet flooring was brought from other sites, and tiles from a bankruptcy estate and the contractor's surplus stock were also utilized.
• Melkinlaituri life cycle school and daycare center, Helsinki: cavity slabs that have served for more than 40 years in another property were reused in first commercial projects in Finland.
• The circular economy brick was developed as a facade material for the Circular Economy Block in Jätkäsaari.
• YIT started the zoning of a block of about 1.5 hectares in Vallila, Helsinki. The project will serve as an important pilot for sustainable urban construction, circular economy solutions, and the utilization of material streams.

"With this Green Deal commitment, we want to strengthen not only our own operations, but also the entire industry. Circular economy solutions are created in collaboration with partners. We will put best practices from our previous projects into wider use, boldly try new things, learn as the project progresses, and share our successes and challenges openly," said Property Development Director Benjamin Kalliola from YIT's Urban Development team.

The Green Deal commitments are evaluated by an expert group, which includes the Finnish Environment Institute, VTT Technical Research Centre of Finland and the Natural Resources Institute Finland. The commitments are approved by the secretariat formed by the Ministry of the Environment and the Ministry of Employment and the Economy.

See also:
Circular economy in construction | YIT.fi
Circular Economy Green Deal - Ministry of the Environment

Further information:
YIT Group Communications, tel. +358 44 743 7536, press@yit

YIT builds thriving living environments in Europe. For more than 110 years, we have made everyday life smoother by building homes for a good life, spaces where people and businesses can thrive, and infrastructure that supports the essential functions of society. We operate in seven countries and employ approximately 4,100 professionals. In 2025, our revenue was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.

Learn more: www.yitgroup.com/en and follow us on Linkedin I X I Instagram I Facebook

The development of YIT's Circular Economy Pilot Block 697 in Vallila, Helsinki, is entering a new phase as the intact removal of reusable materials begins and a dedicated circular economy store opens. At the same time, YIT is launching an educational collaboration on circular economy with Stadin AO (the Helsinki Vocational College). 

During the development phase, as many interior materials as possible will be carefully removed from the block's empty buildings for reuse. These materials will be sold at the newly opened circular economy store located in the block of Vallila, as well as through the online store at www.store.spolia.fi. 

The store will be operated by YIT's partner Spolia Design Oy, a company specializing in second-hand building components. Spolia tests, refurbishes and documents the items on sale, and provides a two-year product warranty. 

"In this pilot, we are developing practical operating models and processes for reuse. However, the aim is not only to recycle and sell materials, but to build a broader circular economy ecosystem together with partners and industry actors. This ecosystem will promote circularity comprehensively and create value for everyone involved," says Benjamin Kalliola, Project Director at YIT. 

Educational collaboration to build future expertise 

The Vallila project will also serve as a learning environment for construction students, as YIT begins a collaboration with Stadin AO. The goal is to familiarize future construction professionals with hands-on circular economy practices under the guidance of YIT and Spolia experts. At the same time, the college will explore the development of a new study module on circular construction. 

"We are testing the structure and feasibility of the planned study modules in Vallila. The module, designed around work-based learning, could consist of various elements, including the principles of circularity and resource efficiency in construction, material flows and usability, tools and methods used in dismantling and reuse, as well as safe working practices with environmental considerations," says Pekka Natunen, construction teacher at Stadin AO. 

Guided by circular economy principles 

The Vallila pilot block is being developed in line with circular economy principles more comprehensively than in any previous urban-development project in Finland. The design makes extensive use of the existing building stock, includes partial new construction, significantly increases the block's green factor, and integrates the circulation of materials, stormwater and nutrients into the future block structure. 

The project supports YIT's long-term target to reduce the use of natural resources and promote low-carbon circular construction. 

The Vallila block is currently in the development phase, and the zoning proposal is planned to be made available for public viewing in spring 2026. 

Read more: 

Circular economy block - Vallila's new life | YIT.fi

For further information: 

YIT Corporate communications, tel. +358 44 743 7536, press@yit.fi

YIT builds thriving living environments in Europe. For more than 110 years, we have made everyday life smoother by building homes for a good life, spaces where people and businesses can thrive, and infrastructure that supports the essential functions of society. We operate in seven countries and employ approximately 4,100 professionals. In 2025, our revenue was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki. 

Read more: www.yitgroup.com and follow us on Linkedin I X I Instagram I Facebook

YIT plans to renew the operating model in the Residential Finland and Building Construction segments, with the aim to respond more effectively to changing customer demand. In addition, the company aims to streamline the organizational structure and enhance operational efficiency. The planned renewal of the operating model and efficiency measures may also impact Group functions.  

The company is considering moving in the Residential Finland and Building Construction segments from the current geographically operating regional organization to a function-based structure in which responsibilities and activities are clearly defined around core functions. With the new operating model, the company plans to align its cost structure with current market conditions. 

As a result of the planned changes, the company estimates to achieve annual, inflation-adjusted cost savings of approximately 15 million euros by the end of 2027, compared to 2025. 

YIT will initiate change negotiations in Finland. Any potential personnel reductions resulting from the negotiations may affect salaried employees, senior salaried employees, and directors in the Residential Finland and Building Construction segments, as well as in Group functions. Potential reduction needs related to these change negotiations do not concern salaried employees working in production jobs at construction sites nor site workers. The planned changes could, if implemented, lead to a reduction of up to approximately 115 positions in Finland. As the planning progresses, new roles and positions are also expected to be created. 

Segment reporting principles 

In relation to the planned operating model changes, YIT is assessing changes to the segment reporting accounting principles so that revenue recognition for sold self-developed residential projects would in future be based on the percentage of completion during construction period. The change would also impact the company's external reporting and clarify the timing of profit recognition. The change would have no impact on IFRS revenue recognition principles. 

For further information: 

YIT Corporate communications, tel. +358 44 743 7536, press@yit.fi

Distribution: NASDAQ Helsinki, major media, www.yitgroup.com

YIT builds thriving living environments in Europe. For more than 110 years, we have made everyday life smoother by building homes for a good life, spaces where people and businesses can thrive, and infrastructure that supports the essential functions of society. We operate in seven countries and employ approximately 4,100 professionals. In 2025, our revenue was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki. 

Read more: www.yitgroup.com and follow us on Linkedin I X I Instagram I Facebook

Implementation of YIT's strategy progressing, the company raises its growth targets for the Infrastructure and Building Construction segments for the strategy period 

YIT has been implementing the strategy published in November 2024 in a determined manner. During the 2025-2029 strategy period, the company's priorities are to deliver industry leading productivity and financial performance, generate targeted growth and resilience, and enhance both customer and employee experience. 

The market for industrial construction, and particularly data center construction, has developed strongly in Finland. Investments in industrial construction are expected to continue growing throughout the strategy period. YIT has systematically invested in the capabilities of both the Infrastructure and Building Construction segments, reinforcing its position as Finland's leading data center builder. 

Revenue in YIT's energy and industrial construction business has grown faster than anticipated. As a result, YIT is doubling the growth targets for the Infrastructure and Building Construction segments for the strategy period. 

• The new target for the Building Construction segment is to achieve annual growth of at least 4%, with the compound annual growth rate (CAGR) by the end of 2029, based on year 2024.  

• The new target for the Infrastructure segment is to achieve annual growth of at least 10%, with the compound annual growth rate (CAGR) by the end of 2029, based on year 2024.  

Previously, the Building Construction segment's target was a CAGR of at least 2%, and the Infrastructure segment's corresponding target was at least 5% for the 2025-2029 strategy period. The Group's financial targets for the strategy period remain unchanged. 

To further strengthen customer orientation, YIT is planning to reorganize its energy and industrial construction operations into a new Digital Infrastructure business and will continue recruiting experts in the field. 

Further information: 
YIT Group Communications, tel. +358 44 743 7536, press@yit.fi

Distribution: NASDAQ Helsinki, major media, www.yitgroup.com

YIT Corporation 

Heikki Vuorenmaa 
President and CEO 

YIT builds thriving living environments in Europe. For more than 110 years, we have made everyday life smoother by building homes for a good life, spaces where people and businesses can thrive, and infrastructure that supports the essential functions of society. We operate in seven countries and employ approximately 4,100 professionals. In 2025, our revenue was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki. 

Read more: www.yitgroup.com and follow us on Linkedin I X I Instagram I Facebook

YIT's Financial Statements Bulletin January-December 2025

Revenue and adjusted operating profit increased in Q4, net debt continued to decrease

Fourth quarter of 2025 in brief

• Order book amounted to EUR 2,915 million (30 Sep 2025: 2,929). At the end of the period, 76% of the order book was sold (30 Sep 2025: 75%).
• Revenue increased to EUR 557 million (521).
• Adjusted operating profit increased to EUR 25 million (13). Adjusted operating profit margin increased to 4.5% (2.6).
• Operating profit increased to EUR 23 million (-17).
• Operating cash flow after investments amounted to EUR 111 million (114), supported by a return of capital and profit distributions from Tripla Mall Ky amounting to EUR 51 million, enabled by the refinancing of Tripla as announced on December 5, 2025.
• Net interest-bearing debt decreased to EUR 560 million (680), and gearing improved to 71% (88) at the end of the period.
• In Residential Finland, adjusted operating profit amounted to EUR -8 million (-12). Consumer apartment sales decreased to 97 (174) apartments. Consumer apartment starts in the quarter decreased to 119 (160). The number of unsold completed apartments decreased 25% year-on-year to 524 (31 Dec 2024: 700; 30 Sep 2025: 455).
• In Residential CEE, adjusted operating profit increased to EUR 26 million (25). During the quarter, YIT sold 873 (653) apartments, of which 286 (300) to consumers and 587 (353) to investors. Consumer apartment starts decreased to 40 (62). The number of unsold completed apartments decreased 22% year-on-year to 220 (31 Dec 2024: 281; 30 Sep 2025: 194).
• In Building Construction, adjusted operating profit decreased to EUR 1 million (2).
• In Infrastructure, adjusted operating profit increased to EUR 7 million (6).
• Result for the period was EUR 3 million (-39).

January-December 2025 in brief

• Revenue decreased to EUR 1,757 million (1,820).
• Adjusted operating profit increased to EUR 54 million (32). The adjusted operating profit margin increased to 3.1% (1.7).
• Operating profit increased to EUR 45 million (-55). Comparison period's operating profit was impacted by the transformation program costs and operations to be closed down.
• Operating cash flow after investments decreased to EUR 65 million (110).
• In Residential Finland, adjusted operating profit amounted to EUR -8 million (-20). Consumer apartment sales decreased to 490 (589) apartments. Consumer apartment starts increased to 477 (160).
• In Residential CEE, adjusted operating profit decreased to EUR 30 million (37). During the year, YIT sold a total of 2,169 (1,644) apartments, of which 1,246 (986) to consumers and 923 (658) to investors. Consumer apartment starts increased to 1,555 (783).
• In Building Construction, adjusted operating profit increased to EUR 16 million (3). The comparison period included a EUR -10 million change in the fair value of segment's equity investments in the first quarter of 2024.
• In Infrastructure, adjusted operating profit increased to EUR 22 million (17).
• Result for the period was EUR -24 million (-112). Comparison period's result was impacted by the transformation program costs and operations to be closed down.
• YIT's Board of Directors has decided that it will not propose dividend to be distributed based on the balance sheet to be adopted for 2025.

Unless otherwise noted, the figures in brackets in this report refer to the corresponding period in the previous year.

Key figures

Comments from the President and CEO, Heikki Vuorenmaa

"Our final quarter of the year was as strong as we expected. Our revenue and profits improved from the comparison period, supported by the completions in the Residential CEE segment. In 2025, our adjusted operating profit increased by more than 70% to EUR 54 million, and net debt decreased by EUR 120 million. Simultaneously, we renewed our financing with improved terms.

In 2025, our apartment sales increased by more than 30% in the Baltic and CEE countries. These regions have become the principal market for our residential development and construction. Demand remained healthy, particularly in the Czech and Polish markets, where structural residential needs and urbanization trends continued to support activity. We continue to allocate further capital and focus on these markets to secure future projects to our pipeline, which currently represents capabilities to construct 15,000 new homes.

Apartment sales in Finland did not develop as expected, particularly in the second half of the year. This was partially driven by a geographical imbalance in our own inventory. However, the main driver was the prolonged weak market conditions. Overall, the Finnish primary residential market remained stagnant in 2025. Consumer uncertainty continued to slow demand, and investor activity remained muted.

Finnish residential market in 2026 remains highly consumer-driven as investors remain cautious about launching new projects. We continue to adapt our operations to prevailing market conditions and launch self-developed consumer apartment projects based on demand. Urbanization continues, and cities grow faster than in many years. This phenomenon will eventually lead to a shortage of residential units in Finland's major urban areas. Sales volumes in the primary residential market are not, however, expected to increase in 2026.

The Infrastructure segment demonstrated strong momentum throughout the year, with revenue increasing by more than 30%, and all key performance indicators developing positively. This reflects the successful execution of our strategic initiatives. The industry investment pipeline began to materialize in Finland in 2025, with numerous projects still in the feasibility study phase. The development of the digital infrastructure market in particular has progressed faster than anticipated.

In 2025, we made determined progress in the Building Construction segment, securing several contracts across both public and private sectors that reinforce our core competences and expertise. In December, we announced that we had received EUR 51 million from Tripla Mall Ky as return of capital and profit distributions, enabled by the successful refinancing of Tripla, supporting our strategic objectives. The release of capital from non-strategic items will remain among our top priorities.

One of our key strategic priorities is to deliver a step change in work safety, reinforcing our commitment to continuous improvement in this area. Despite our efforts, safety metrics have not developed at the pace we expect, and the number of accidents at our worksites remains too high. We are seeing good progress in YIT employees' work safety, and we want to extend our efforts to cover everyone working on our sites. Achieving meaningful progress will require stronger engagement from all parties. Our goal is clear: There should not be any accidents on YIT's worksites. To measure the development, we set a reduction target to halve the cLTIF metric during the strategy period. To achieve this, we must intensify our collective focus on this across our supply chain.

During 2025, we sold close to 3,000 homes, delivered solid progress in more than 300 projects and achieved an order book of close to EUR 3 billion at the end of the year. I want to express my sincere thanks to all customers for placing their trust in YIT's capabilities to deliver the promises given. This is being done by our 4,000 employees and a partner network that are constantly finding new solutions to keep our offering competitive, building a better tomorrow for all of us together."

Results

October-December

YIT's order book amounted to EUR 2,915 million (30 Sep 2025: 2,929). At the end of the quarter, 76% of the order book was sold (30 Sep 2025: 75%).

YIT's revenue increased from the comparison period to EUR 557 million (521). Revenue increased in Residential CEE and Infrastructure and decreased in Residential Finland and Building Construction.

Adjusted operating profit for the quarter increased to EUR 25 million (13). Adjusted operating profit margin increased to 4.5% (2.6). Adjusted operating profit increased in Residential Finland, Residential CEE and Infrastructure and decreased in Building Construction.

YIT's operating profit increased to EUR 23 million (-17). Adjusting items amounted to EUR 2 million in the fourth quarter (31). The adjusting items in the comparison period were mainly related to the costs of the transformation program and operating profit from operations to be closed down in Sweden. Net finance costs amounted to EUR 15 million (15). The result for the period was EUR 3 million (-39).

January-December

YIT's revenue decreased to EUR 1,757 million (1,820). Revenue increased in Infrastructure and Residential CEE and decreased in Residential Finland and Building Construction.

YIT's adjusted operating profit increased to EUR 54 million (32) and the adjusted operating profit margin increased to 3.1% (1.7). Adjusted operating profit increased in Residential Finland, Building Construction and Infrastructure and decreased in Residential CEE.

YIT's operating profit increased to EUR 45 million (-55). Adjusting items amounted to EUR 9 million (86). Adjusting items in the comparison period included costs of transformation program and operating profit from operations to be closed down. Net finance costs amounted to EUR 55 million (64). The result for the period amounted to EUR -24 million (-112). Earnings per share was EUR -0.14 (-0.51).

Guidance and outlook for 2026

Guidance for 2026

YIT expects its Group adjusted operating profit* for continuing operations to be EUR 70-100 million in 2026.

Outlook for 2026

The residential market in the Baltic countries and Central Eastern Europe is expected to continue favorable, contributing positively to Residential CEE segment's capability to generate profit. Timing of the residential project completions may deviate from the original estimates leading to revenue and profit recognition shifting from one quarter or a year to another.

In Finland, the primary apartment market sales volumes are not expected to increase in 2026. In Residential Finland segment, low amount of completions during 2026 will limit the segment's capability to generate profit.

In Building Construction, the operational performance is expected to improve.

In Infrastructure, the operational performance is expected to remain stable.

Changes in the macroeconomic or global political environment may impact the residential market demand and the fair value of investments. The escalation of geopolitical risks reflected in general uncertainty and demand could have a negative impact on the company's financial position.

*YIT has defined non-strategic items, namely assets, that are not part of the company's strategic core operations according to the strategy for years 2025-2029 and which it intends to dispose of during the strategy period. Starting from the beginning of 2026, YIT will change the definition of operating profit adjusting items so that, going forward, the profit impacts related to non-strategic items will be included in operating profit adjusting items. The comparative Group adjusted operating profit for 2025 was EUR 50 million.

Board of Directors' proposal for profit distribution

The distributable funds of YIT Corporation on 31 December 2025 amounted to EUR 713 million, of which the profit for the period 2025 amounted to EUR -45 million.

YIT's Board of Directors has decided, that it will not propose dividend to be distributed based on the balance sheet to be adopted for 2025.

Webcast for investors and the media

A webcast in English and an international telephone conference will be arranged on February 6, 2026, at 10:00 a.m. EET. The results will be presented by Heikki Vuorenmaa, President and CEO of YIT Corporation, and interim CFO Markus Pietikäinen.

The webcast can be followed at https://yit.events.inderes.com/q4-2025/. A recording of the webcast will be available at the company's website after the event.

The teleconference can be accessed by registering at: https://events.inderes.com/yit/q4-2025/dial-in. After the registration, participants will be provided with phone numbers and a conference ID to access the conference. To ask a question, please dial *5 on your telephone keypad to enter the queue.

For further information:
Essi Nikitin, Vice President, Investor Relations, YIT Corporation, tel. +358 50 581 1455, essi.nikitin@yit.fi

YIT Corporation

Markus Pietikäinen
Interim CFO

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com

YIT builds thriving living environments in Europe. For more than 110 years, we have made everyday life smoother. We build homes for a good life, spaces where people and businesses can thrive, and infrastructure that supports the essential functions of society.

We operate in seven countries and employ approximately 4,100 professionals. In 2025, our revenue was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.

Read more: www.yitgroup.com and follow us on Linkedin I X I Instagram I Facebook

YIT clarifies the reporting of its strategy-aligned business operations

YIT has defined non-strategic items, namely assets, that are not part of the company's strategic core operations according to the strategy for years 2025-2029 published in November 2024, and which it intends to dispose of during the strategy period. The book value of these non-strategic items at the end of 2025 was approximately EUR 340 million.

Starting from the beginning of 2026, YIT will change the definition of operating profit adjusting items so that, going forward, the profit impacts related to non-strategic items will be included in operating profit adjusting items. Capital employed of the businesses will be presented as operative capital employed, which includes items aligned with the company's strategy. Return on capital employed (ROCE) will be calculated based on the operative capital employed. The change does not impact the company's financial targets.

As a result of the change, the reported adjusted operating profit and operative capital employed will more clearly reflect the profitability, capital usage, and capital efficiency of the company's strategic business operations. The aim of the change is to improve the transparency and comparability of reporting. Separating the impacts of non-strategic items from the adjusted operating profit and capital employed provides market participants with a clearer view of the company's operational performance and capital allocation.

In the Residential Finland segment, non-strategic items include associated companies and joint ventures as well as equity investments engaged in long-term property investment. Plots and properties related to vacation housing are also defined as non-strategic items in this segment.

In the Building Construction segment, non-strategic items include the segment's equity investment in Tripla Mall Ky and other associated companies and joint ventures engaged in long-term property investment. Segment's large self-developed, commercial-premises-driven area development projects and completed self-developed commercial premises projects bearing sales risk are also classified as non-strategic items.

Residential CEE segment, Infrastructure segment, and Other items do not include any non-strategic items as defined.

The changes in reporting will take effect on January 1, 2026, and the company will publish its first interim report reflecting the changes for January-March 2026 in April 2026. The company will publish restated comparison figures adjusted for the changes for the 2025 financial year before the release of the January-March 2026 interim report.

For further information: 
Essi Nikitin, Vice President, Investor Relations, YIT Corporation, tel. +358 50 581 1455, essi.nikitin@yit.fi

YIT Corporation 

Markus Pietikäinen 
Interim CFO 

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com  

We build and develop sustainable living environments: functional and attractive homes, future-proof public and commercial buildings, infrastructure to support the green transition as well as industrial, production, and energy facilities to support our customers' processes. YIT's vision is to be the expert partner in developing sustainable homes, spaces, and cities - for a good life. There are approximately 4,100 professionals in our team and our revenue in 2024 was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.  

Read more: www.yitgroup.com and follow us on Linkedin I X I Instagram I Facebook

YIT started construction work on the first plot of the Circular Economy Block. A total of 70 right-of-occupancy apartments and 84 rental apartments for seniors will be completed in Jätkäsaari, Helsinki. In addition, the block will have service spaces for communal activities, as well as business premises. The building has eight residential floors and an underground garage floor, on top of which a yard deck is implemented. The size of the building is over 11,000 square meters. The estimated completion of the works will take place in the spring of 2028.

The Yrjö and Hanna Foundation acts as the developer in the project, YIT is the turnkey project's contractor, architectural design is carried out by ARK-house Architects and AINS Group is responsible for other design areas. Yrjö and Hanna Foundation's office premises will be located in the block.

"We are really excited about this unique project and happy that construction is finally starting. The block creates a completely new kind of active and participatory urban life, which is needed to achieve a sustainable future," says Petri Kokkonen, CEO of the Yrjö and Hanna Foundation.

"In the Circular Economy Block, encounters between different generations create an environment for sharing experiences and learning new things. Besides circular economy, the starting point for the planning of the block is a sense of community, which will be fostered by common spaces, meeting places, yard areas and recreational spaces designed for the residents. Community is always rooted in the residents themselves and their wishes. The residents will shape the block's activities in line with their preferences. Yrjö and Hanna Foundation is involved in creating a safe and comfortable living environment in the block together with the residents," adds Kokkonen.

A holistic approach to the sustainable construction of the future

The Circular Economy Block is a development project that uses a new kind of construction method and takes into account the circular economy during both construction and use.

"The design, construction and use of the block are based on the principles of the circular economy and low carbon emissions. A long life cycle is planned for the building, and the premises will be adaptable so that they will serve the needs of users also in the future," explains VP Esa Turkka, YIT.

Materials used in construction are renewable, recycled or recyclable or have a lower environmental burden, such as low-carbon concrete.

During the use and maintenance of the building, the circular economy is also taken into account in production, use, and recovery of energy, as well as in water consumption. In the choice of materials, the emissions of materials and the share of recycled raw materials are considered, alongside the recyclability of materials at the end of their life cycle.

"The development of circular economy solutions for facades has been carried out in close collaboration with operators in the sector. One example is the circular economy brick, which reduces the need for new raw materials, saves natural resources and reduces carbon dioxide emissions from brick manufacturing. Heating energy for the building will be generated by a geothermal heat system and some of the electrical energy required by the property will be produced by solar panels located on the roof," notes Turkka.

The project is part of Helsinki's Kehittyvä kerrostalo development program. The project's development themes include circular economy during construction and affordable and repeatable circular economy solutions.

Read more:
The circular economy brick won the Finland Chamber of Commerce's Sustainability Deed of the Year award | YITGroup.com
The Jätkäsaari Circular Economy Block will have a new circular economy brick as facade material | YITGroup.com
YIT has signed an agreement with the Yrjö and Hanna Foundation for the construction of the Jätkäsaari Circular Economy Quarter in Helsinki | YITGroup.com

For more information:
Esa Turkka, VP, Housing Segment, YIT, tel. +358 40 551 5945, esa.turkka@yit.fi
Petri Kokkonen, CEO, Yrjö and Hanna Foundation, tel. +358 40 457 1670, petri.kokkonen@yrjojahanna.fi
Ilkka Murto, Project Development Manager, Yrjö and Hanna Foundation, tel. +358 40 124 4499, ilkka.murto@yrjojahanna.fi

YIT Group Communications, tel. +358 44 743 7536, press@yit.fi

We build and develop sustainable living environments: functional and attractive homes, future-proof public and commercial buildings, infrastructure to support the green transition as well as industrial, production, and energy facilities to support our customers' processes. YIT's vision is to be the expert partner in developing sustainable homes, spaces, and cities - for a good life. There are approximately 4,100 professionals in our team and our revenue in 2024 was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.

Read more: www.yitgroup.com and follow us on Linkedin I X I Instagram I Facebook

Publishing of YIT Corporation's Financial Statements Bulletin 2025 on February 6, 2026

YIT Corporation's Financial Statements Bulletin 2025 will be published on Friday, February 6, 2026, at approximately 8:30 a.m. EET. The stock exchange release and the reporting materials in Finnish and in English will be available at that time on the company's website at www.yitgroup.com/investors.

A webcast in English and an international telephone conference will be arranged on February 6, 2026, at 10:00 a.m. EET. The results will be presented by Heikki Vuorenmaa, President and CEO of YIT Corporation, and interim CFO Markus Pietikäinen. 

The webcast can be followed at https://yit.events.inderes.com/q4-2025/. A recording of the webcast will be available at the company's website after the event.

The teleconference can be accessed by registering at: https://events.inderes.com/yit/q4-2025/dial-in. After the registration, participants will be provided with phone numbers and a conference ID to access the conference. To ask a question, please dial *5 on your telephone keypad to enter the queue.

The event is targeted for investors, analysts, and the media. Welcome!

For further information:
Essi Nikitin, Vice President, Investor Relations, YIT, tel. +358 50 581 1455, essi.nikitin@yit.fi

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com

We build and develop sustainable living environments: functional and attractive homes, future-proof public and commercial buildings, infrastructure to support the green transition as well as industrial, production, and energy facilities to support our customers' processes. YIT's vision is to be the expert partner in developing sustainable homes, spaces, and cities - for a good life. There are approximately 4,100 professionals in our team and our revenue in 2024 was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.

Read more: www.yitgroup.com and follow us on Linkedin I X I Instagram I Facebook

Proposals of the Shareholders' Nomination Board to the Annual General Meeting

The Shareholders' Nomination Board of YIT Corporation presents the following proposals to the Annual General Meeting of YIT Corporation, which meets on March 19, 2026:

Number of members of the Board of Directors

The Nomination Board proposes that a Chairperson, a Vice Chairperson and four (4) ordinary members be elected to the Board of Directors.

Fees of the Chairperson, Vice Chairperson and members of the Board of Directors

The Nomination Board proposes that the fees of the members of the Board of Directors remain the same as previous year.

The Nomination Board proposes that the members of the Board of Directors be paid the following fixed annual fees for the term of office ending at the conclusion of the next Annual General Meeting:

• Chairperson of the Board: EUR 105,000,
• Vice Chairperson of the Board and Chairpersons of the permanent Committees: EUR 73,500, unless the same person is Chairperson of the Board or Vice Chairperson of the Board and
• Members: EUR 52,500.

In addition, the Shareholders' Nomination Board proposes that the annual remuneration for the members of the Board of Directors shall be paid in Company shares so that 40% of the annual fee is paid in YIT Corporation shares to be purchased on the Board members' behalf from the market at a price determined in public trading from a regulated market (Nasdaq Helsinki Ltd). The shares will be purchased within two weeks of the publication of the Interim Report for the period January 1, 2026 - March 31, 2026, or as soon as possible in accordance with applicable legislation. The Company will pay any costs related to the purchase of Company shares.

It is recommended by the Nomination Board that members of the Board of Directors do not divest the shares awarded to them as a fixed annual fee until their term on the Board expires. The Nomination Board views that long-term oriented and increasing share ownership by the members of the Board of Directors benefits all shareholders.

It was further decided to propose to the Annual General Meeting that in addition to the fixed annual fee, the members of the Board and its permanently and temporarily appointed committees be paid a meeting fee of EUR 800 per meeting, also for meetings of the Board and its committees held via electronic remote connections or by telephone.

It is also proposed that the chairperson of the Board and the chairpersons of the permanent and temporarily appointed committees be paid a meeting fee of EUR 1,600 per meeting. Per diems are proposed to be paid for trips in Finland and abroad in accordance with YIT Corporation's and tax authorities travelling compensation regulations.

In addition, it is also proposed to the general meeting that the members of the Shareholders' Nomination Board, including the expert member, be paid as previous year a meeting fee of EUR 800 per Board meeting and the Chairperson be paid EUR 1,600 per Board meeting

Proposal for Chairperson, Vice Chairperson and members of the Board of Directors

The Nomination Board proposes to the Annual General Meeting that Jyri Luomakoski will be re-elected as Chairperson, Casimir Lindholm as Vice Chairperson and Anders Dahlblom, Sami Laine, Kerttu Tuomas and Leena Vainiomäki will be re-elected for a term ending at the close of the next Annual General Meeting following their election.

With regard to the selection procedure for the members of the Board of Directors, the Nomination Board recommends that shareholders take a position on the proposal as a whole at the Annual General Meeting. In preparing its proposals the Nomination Board, in addition to ensuring that individual nominees for membership of the Board of Directors possess the required competences, has determined that the proposed Board of Directors as a whole also has the best possible expertise for the company and that the composition of the Board of Directors meets other requirements of the law and the Finnish Corporate Governance Code for listed companies.

All candidates have consented to being elected and are independent of the company or its major shareholders, except Anders Dahlblom who is dependent on a major shareholder. Essential information regarding the proposed candidates is available on the YIT website at https://www.yitgroup.com/nominationboard.

Shareholders' Nomination Board

YIT Corporation's Annual General Meeting held on March 15, 2016, decided to set up a Shareholders' Nomination Board, to prepare proposals for the Annual General Meeting on the election and remuneration of the members of the Board of Directors.

YIT's three largest shareholders according to Euroclear's shareholder register on August 29, 2025, and according to the standing order were Tercero Invest AB, shareholder group (PNT Group Oy, Noora Pentti, Fideles Oy, Kristian Pentti, Kristina Pentti-von Walzel, Eva Pentti-Kortman and Heikki Pentti Estate), and Varma Mutual Pension Insurance Company. The following persons have been nominated as their representatives to YIT's Nomination Board:

• Alexander Ehrnrooth, CEO, Tercero Invest AB (18,53% of shares and votes)
• Kristina Pentti-von Walzel, CEO Laponie Oy, the shareholder group PNT Group Oy, Noora Pentti, Fideles Oy, Kristian Pentti, Kristina Pentti-von Walzel, Eva Pentti-Kortman and Heikki Pentti Estate (16.71% of shares and votes)
• Risto Murto, President and CEO, Varma Mutual Pension Insurance Company (5.69% of shares and votes)

As the Nomination Board's Chairperson acts CEO Alexander Ehrnrooth. The Chairperson of YIT Corporation's Board of Directors, Jyri Luomakoski, participates in the Nomination Board's work as an expert member.

The Nomination Board prepares the proposals concerning Board members and Board compensation for the following Annual General Meeting.

The Board of Directors of YIT Corporation includes these proposals in the notice of the Annual General Meeting of 2026.

For further information:
Alexander Ehrnrooth, Chairperson of the Nomination Board, tel. +358 9 6122 340
Juha Jauhiainen, Corporate General Counsel, YIT Corporation, tel. +358 40 725 9643

YIT Corporation

Markus Pietikäinen
CFO, interim

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com

We build and develop sustainable living environments: functional and attractive homes, future-proof public and commercial buildings, infrastructure to support the green transition as well as industrial, production, and energy facilities to support our customers' processes. YIT's vision is to be the expert partner in developing sustainable homes, spaces, and cities - for a good life. There are approximately 4,100 professionals in our team and our revenue in 2024 was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki. 

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