YIT

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. 

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

YIT, XTX Markets and regional partner companies, Paikallissähkö, LVI-Aitta and Sundström, have committed to donate EUR 125,000 to pediatric and youth health services at Kainuu Central Hospital to support pediatric care and the well-being of local families.  

The commitment coincided with the topping-out ceremony for the second building in the XTX Markets data center complex in Kajaani, attended by senior management from XTX Markets, YIT and our construction partners. This construction is part of the rapidly developing Kajaani data-centre ecosystem, supporting the next generation of digital infrastructure.  

The donation also celebrates a major safety milestone for the project: 500 accident-free working days across the Kajaani data center construction sites. The milestone reflects a strong, shared safety culture from the very beginning of the project. Through close collaboration and a consistent focus on occupational safety, the teams have created a work environment where everyone looks out for one another. 

"Safety is at the heart of everything we do," said Heikki Vuorenmaa, President and CEO of YIT. "Reaching 500 accident-free days is a testament to the professionalism, commitment and teamwork of everyone on site. We are proud to celebrate this achievement by giving back to the local community and supporting the important work of Kainuu Central Hospital." 

Jukka-Pekka Partanen, Head of XTX Markets Finland and Data Centre Director, said, "We set ambitious targets for our data center project in terms of scale and speed, and we are proud to be meeting those objectives with the latest topping-out milestone.  

It's also fantastic to be truly embedded in the local community - through our partnership with Kajaani University of Applied Sciences, support for the city's 375th-anniversary celebrations and the large number of local contractors working on the construction site. We are delighted to make this commitment to Kainuu Central Hospital. XTX Markets has a long history of philanthropic support for the communities where we operate, and we are thrilled to back the hospital's important pediatric work." 

Representatives of the Kainuu Wellbeing Services County accepted the donation at the project's topping-out ceremony. Chief Physician Liisa Kalliokoski said the corporate contributions will be used to acquire new equipment for the neonatal intensive care unit. "Upgrading a ventilator designed for newborns and replacing an ultrasound imaging system are both timely needs. We are deeply grateful for the companies' generous support." 

XTX Markets is a leading algorithmic trading firm which uses state-of-the-art machine learning technology to produce price forecasts for over 50,000 financial instruments. The company selected Kajaani to construct its large-scale data center complex to future-proof its significant computational capabilities. YIT announced an agreement in December 2024 to construct XTX Markets' first data center in Kajaani and, in August 2025, signed a subsequent agreement to begin building a second facility. 

For further information: 

YIT Corporate 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. 

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YIT and Atria Oyj have signed an agreement on the construction of a convenience food production plant in Nurmo, Seinäjoki. The total value of the contract for YIT is approximately EUR 13 million, and it will be recorded in the order book for the first quarter of the year. The contract supports YIT's strategy, in which energy and industrial construction projects play a key role in building a sustainable society, promoting a clean transition.

YIT will be responsible for the construction of a new building to expand the convenience food production plant. The food production plant concept of future is part of Atria's clean transition investment, where convenience food production and related energy solutions are modernized by upgrading the production process and other technical systems to the most energy-efficient solutions.

"Atria's food production plant concept of the future is a significant investment in the strengthening of Finland's food production and security of supply. With our investment of over 80 million euros, we will modernize our production and take a major step toward carbon-neutral food production. In collaboration with YIT, we are implementing this project and building a future where Finnish food is of high quality, innovative, and environmentally friendly - and where security of supply and food security are stronger than ever," said Mika Ala-Fossi, President and CEO of Atria Finland.

"It is great to be able to take this project forward in line with YIT's strategy and to utilize our long-term expertise in an industrial construction and clean transition project. We are grateful for this confidence in our experienced organization and proud to be able to develop and implement modern and functional work environments for local actors. In close cooperation with the project parties, we get to build a high-quality facility," said Peter Forssell, EVP, Building Construction segment at YIT.

Construction work has been started, and construction has progressed to the foundation stone masonry, which will be held on Monday, January 19 at Atria's Nurmo production plant, led by Prime Minister of Finland Petteri Orpo. The construction work has just started, and it is slated for completion by the end of 2026.

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

We build and develop sustainable living environments: functional and comfortable homes; public and commercial buildings for future needs; infrastructure to promote the green transition; and industrial, production and energy facilities to support our customers' processes. YIT's vision is to be the most competent partner in the development of sustainable homes, facilities and cities - for a good life. The company employs around 4,100 professionals, and in 2024 our turnover was EUR 1.8 billion. YIT'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

Change in the YIT Leadership Team: Mari Puoskari appointed EVP, Residential Finland segment  

YIT has appointed Mari Puoskari (M.Sc. Tech.) as EVP, Residential Finland segment and a member of YIT's Leadership Team, effective 8.7.2026, at the latest. She currently serves as CEO of Pilke Päiväkodit Oy and Dibber Sverige Ab. 

Mari Puoskari brings over 20 years of experience in both corporate and public roles. Prior to her current position, she was CEO of FCG Finnish Consulting Group and has also held senior business leadership roles at Pöyry and Ekokem. In addition, Mari has served in several public positions, including as Chair of the Helsinki City Council from 2013 to 2016. 

"Enhancing customer experience is a strategic priority for us, and I am pleased that under Mari Puoskari's leadership we can advance this in the Residential Finland segment. Customer expectations are evolving rapidly, and we want to ensure YIT responds with greater agility. Mari brings strong expertise in customer-centric development, change leadership, and strengthening competitiveness in fast-changing markets. This experience is invaluable as we develop both YIT Homes' product portfolio and our ways of working to meet customer expectations," said Heikki Vuorenmaa, President and CEO, YIT Corporation. 

Heikki Vuorenmaa will continue as interim leader of the Residential Finland segment, alongside his duties as the CEO, until Mari Puoskari assumes the role.  

CV Mari Puoskari  

Born 1979 

 
Education: 

M.Sc. Tech (Chemical and Environmental Engineering) 

Primary work experience: 

• Pilke Kindergartens: CEO, 2022- 

• Dibber Sverige Ab: CEO, 2024-   

• FCG Finnish Consulting Group: Group CEO, 2018-2022  

• Pöyry: President, Environment, 2017-2018 

• Ekokem: various leadership roles, 2013-2016 

Positions of trust:  

• Remeo Oy, Member of the Board, 2019- 

• A-Insinöörit, Member of the Board, 2023-  

• LUT University, Member of the Advisory Board, 2022-   

• Elo, Member of the Supervisory Board, 2023-, vice chairman and member of election committee 2026-  

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 

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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In line with its strategy, YIT seeks growth in rail infrastructure projects in Finland. To strengthen its railway construction expertise, YIT has agreed to acquire Electric Power Finland Oy's railway services business. As part of the transaction, the personnel, equipment, and certifications related to the business will become part of YIT's Infra segment. The parties have agreed not to disclose the purchase price.  

Electric Power Finland Oy, founded in 2007, provides turnkey solutions for demanding electrical construction and railway technical system projects. The company's railway services business delivers railway electrification and signaling device projects and offers services for tram, metro and railway infrastructure. 

"This acquisition is a strategic investment for us in railway construction and maintenance expertise. We have collaborated with the Electric Power Finland team on several projects, and now we are joining forces to offer our customers comprehensive solutions that leverage the best expertise in the industry," said Aleksi Laine, EVP, Infrastructure, YIT. 

"We're very pleased with this transaction and about YIT continuing to grow and develop the railway services business. Our partnership has been highly productive, and this deal ensures that expertise in complex rail projects will be carried forward. Going forward, Electric Power Finland will focus on specialized power distribution, with metro and light rail remaining an important part of our service offering," said Tuomo Rauvala, CEO of Electric Power Finland. 

The transaction is expected to be completed by the end of January 2026. 

More information about Electric Power Finland Oy:  

Electric Power Finland Oy is a privately owned Finnish company established in 2007, specializing in demanding electricity distribution projects as well as testing and commissioning services. The company has offices in Paimio, Turku, Espoo, and Oulu. Electric Power Finland's revenue in 2024 was approximately EUR 14 million. www.epf.fi/en  

For further information: 

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

YIT has launched a self-developed residential project in Oulu: the construction of Asunto Oy Oulun Merijalinportti. The project consists of 36 new YIT Homes in two buildings, an apartment building and a terraced house. The value of the project is almost EUR 15 million. Construction began in December 2025 and is slated to be complete in September 2027.

The apartment building located in Oulu's Länsi-Tuira will have about 1 900 square meters of living area. Almost all homes have a spectacular view on the river. The Merijalinportti residential building will include cozy high-class homes. The unique, protected and charming old log building will be restored on the outside and completely renovated on the inside with two-story terraced house apartments.

The apartment sizes will range from 27.5 to 112.5 square meters, with choices from many different floor plans, from studios to five-room apartments with kitchens. Länsi-Tuira's Merijalinranta is a fifteen-minute walk from all everyday services, with lush greenery right outside the windows. Parking is mainly underground in the parking garage, with elevator access for residents of the apartment building. Residents get to live in comfort thanks to the building's sheltered and fenced courtyard.

"Asunto Oy Merijalinportti is an idyllic place to live that combines beautiful views with modern living. The homes are on the banks of Oulujoki river and the location offers seasonal views and a unique environment for the residents. All homes are within walking distance to the city center and everyday services," says Sales Manager Mira Kontio from YIT's Northern Finland Unit.

Learn more:
Oulu Merijalinportti - apartments for sale | YIT.fi

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

We build and develop sustainable living environments: functional and comfortable homes; public and commercial buildings for future needs; infrastructure to promote the green transition; and industrial, production and energy facilities to support our customers' processes. YIT's vision is to be the most competent partner in the development of sustainable homes, facilities and cities - for a good life. The company employs around 4,100 professionals, and in 2024 our turnover was EUR 1.8 billion. YIT's shares are listed on Nasdaq Helsinki.

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

YIT signs a EUR 200 million sustainability-linked revolving credit facility and an amendment and restatement to its existing term loan facility

YIT Corporation has today signed a new EUR 200 million sustainability-linked revolving credit facility agreement with its main lenders, for the purpose of refinancing YIT's existing revolving credit facility, and an amendment and restatement agreement to YIT's existing term loan facility agreement with a currently outstanding principal amount of EUR 30 million to align its key terms with the new revolving credit facility agreement.

Each of the facilities are secured by the existing shared security pool. The new revolving credit facility will mature in December 2028 with an option to extend the maturity to December 2029 and the existing term loan facility will mature in January 2027. The facility agreements include certain covenants as well as restrictions on distributions. The margin of the new revolving credit facility is impacted by, positively or negatively, the performance in regard to three sustainability targets which are measured with the following indicators: emission intensity of the Group's own operations (CO₂e emissions per EUR millions of revenue) (Scope 1 and 2 GHG emissions), emission intensity of the Group's value chain (CO₂e emissions per EUR millions of revenue) (Scope 3 GHG emissions) and lost time injury frequency rate (including partners).

Further information:

Markus Pietikäinen, CFO, interim, YIT Corporation, tel. +358 40 525 3024, markus.pietikainen@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 LinkedinI XI InstagramI Facebook

YIT to launch the development phase of the Tuusula health and social services centre and Varuskunnanaukio parking facility

YIT, the Central Uusimaa Wellbeing Services County (Keusote) and the Municipality of Tuusula have signed an agreement on the development phase of the construction project for the Tuusula health and social services centre and Varuskunnanaukio parking facility. The project will be carried out in the centre of Hyrylä in Tuusula as a cooperative project management contract. The estimated target budget for the project management contract, determined by the client of the project aiming at the implementation phase after the development phase, is approximately EUR 44 million. The target budget will be revised during the development phase.

The project covers the design and construction of the health and social services centre and the parking facility next to it, including its yard area. Three above-ground and one underground floor are planned for the health and social services centre. In accordance with the environmental and sustainability objectives of the project, low carbon emissions and energy efficiency will be taken into account in the development phase, and biodiversity will be promoted.

"We are happy to be able to take forward a project that is important to us. The aim is not only to build new premises, but at the same time to develop operating methods and use the premises more efficiently. The winning proposal provides good opportunities for this," says Taneli Kalliokoski, Keusote's Director of Facilities and Support Services.

"It is great that we will be able to utilize our extensive expertise in health care projects in the development of the Tuusula health and social services centre. In this project, which is in line with our unit's strategy, we want to ensure that our customers will gain high-quality, accessible, customer-oriented, and cost-effective premises," says Pekka Luukkonen, Head of Public New Construction at YIT.

The health and social welfare centre will house premises for Keusote, the municipality of Tuusula, and the Hus Diagnostics Centre, as well as for private operators. The health and social services centre will serve all residents of the wellbeing services county.

The development phase will be in full swing in January and the goal is to move to the project implementation phase lasting around two years in the summer of 2026.

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

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

YIT is a leading construction company and project developer. Building on our more than 110 years of experience, we develop and build sustainable living environments: functional real estate for accommodation, public and commercial buildings for the future needs, and infrastructure to promote the green transition. The company employs approximately 4,300 professionals in eight countries, and in 2023 our turnover was EUR 2.2 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.

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YIT has entered into a joint venture with Czech-Slovak ONE FAMILY OFFICE in Czechia to accelerate growth in the Residential CEE segment. The cooperation supports YIT's strategic focus to improve capital efficiency. YIT and ONE FAMILY OFFICE each own 50% of the now established joint venture. The parties have agreed not to disclose the value of the transaction. 

The first project under this cooperation will be Lumo Braník, a residential development project in Prague 4. The project will transform the former Kuta Centrum administrative block into a modern residential area offering approximately 150 apartments. Construction is expected to start in 2026. The location combines peaceful surroundings with excellent transport connections and comprehensive local amenities, making it an attractive choice for sustainable urban living. 

"The transaction is an important step in executing our strategy to strengthen the Residential CEE segment and enhance capital efficiency. Partnering with a financially strong and experienced investors enables us to accelerate growth and scale up our opportunities," said Justyna Filipczak, EVP, Residential CEE at YIT. 

The cooperation will focus on residential development projects in Czechia, where YIT has a strong track record and brand presence. YIT will be responsible for project development, construction, and sales, while ONE FAMILY OFFICE will contribute to project financing. 

For further information: 

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