Slide 1: Q4/2025 Financial Statements Bulletin January – December 2025
Q4/2025 Financial Statements Bulletin January – December 2025 Heikki Vuorenmaa, President and CEO Markus Pietikäinen, interim CFO Naujasis Skansenas, Vilnius, Lithuania
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by, and the information contained herein (unless otherwise indicated) has been provided by YIT Corporation (the “Company”). By attending the meeting or event where this presentation is made, or by reading the presentation slides, you agree to be bound b
Slide 3: YIT's 2025 in brief
YIT’s 2025 in brief • We successfully completed the first year of our strategy • In the Residential Finland segment, our stock of unsold for years 2025–2029. During the year we saw positive completed apartments decreased, and we launched consumer development towards many of the targets set for the p
Slide 4: Revenue decreased and adjusted operating profit increased in 2025
Revenue decreased and adjusted operating profit increased in 2025 Revenue, Adjusted operating profit, EUR million EUR million 1,820 1,757 54 3.1% 32 1.7% 2024 2025 2024 2025 Adj. OPM (%) 4
Slide 5: Operating profit improved significantly during 2025
Operating profit improved significantly during 2025 2024 2025 • Operating profit improved by EUR 100 million during 2025 Operating profit, 45 EUR million • Adjusting items of EUR 9 million -55 in 2025 included costs from operations to be closed down • Adjusting items of EUR 86 million Adjusting item
Slide 6: YIT Strategy for 2025-2029
YIT YIT STRATEGY Q4/2025 STRATEGY FOR 2025-2029 in brief FOR 2025- 2029 Getting it done together 6 VESI Hostivař, Prague, Czech Republic
Slide 7: Revenue and adjusted operating profit increased in Q4, net debt continued to decrease
Revenue and adjusted operating profit increased in Q4, net debt continued to decrease Solid quarter from Residential Order book increased Ongoing actionsintoboth Net Cashdebt flow and gearing improvements CEE with increased revenue contracting segments, industrial decreased, supported by and adjuste
Slide 8: Financial performance in Q4/2025
Financial performance in Q4/2025 YIT Group, EUR million • Residential Finland continued to be impacted by the weak market Adj. operating profit Revenue Adj. OP, % • Solid quarter from Residential CEE with increased 25 (13) 557 (521) 4.5 (2.6) revenue and strong profitability • Infrastructure revenue
Slide 9: Residential Finland: Focus on strengthening our market position
Residential Finland: Focus on strengthening our market position Revenue, Target: Adjusted operating profit, Capital employed, EUR million Increase market share EUR million EUR million Margin target >10% ROCE target >20% Revenue decrease during the year Low volumes have impacted profitability. Capita
Slide 10: Completions during the quarter increased the inventory of unsold completed apartments
Completions during the quarter increased the inventory of unsold completed apartments Unsold completed apartments in Finland, Unsold completed apartments in Finland by region, units units 700 682 587 341 524 455 83 54 39 7 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Helsinki Tampere Turku Northern Eastern Metropo
Slide 11: Consumer apartment starts and sales in Residential Finland
Consumer apartment starts and sales in Residential Finland Consumer apartments in Residential Finland, Consumer apartments in Residential Finland, quarterly, units rolling 12 months, units 1,200 224 1,000 174 160 152 800 133 119 600 108 97 83 400 51 200 0 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q4/24 Q1/25 Q2/25
Slide 12: Low amount of completions during 2026 will limit Residential Finland profit
Low amount of completions during 2026 will limit the Residential Finland segments capability to generate profit Consumer apartment completions in Residential Finland, units • There were 211 consumer apartment completions in Q4/25 520 450 • Completions are expected to 350 increase in 2026, but the ov
Slide 13: Residential CEE: Revenue and adjusted operating profit increased
Residential CEE: Revenue and adjusted operating profit increased Revenue, Target: >15% growth Adjusted operating profit, Capital employed, EUR million (CAGR from 2024 baseline) EUR million EUR million ROCE target Margin >25% target >15% High amount of completions during the Profitability has been im
Slide 14: Consumer apartment starts and sales in Residential CEE
Consumer apartment starts and sales in Residential CEE Consumer apartments in Residential CEE, Consumer apartments in Residential CEE, quarterly, units rolling 12 months, units 1,600 648 1,400 546 1,200 1,000 800 300 335 321 346 279 286 600 400 200 62 40 0 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q4/24 Q1/25 Q2/2
Slide 15: Completions in Residential CEE are expected to increase in 2026
Completions in Residential CEE are expected to increase in 2026 Consumer apartment completions in Residential CEE, units • There were 556 apartment 1,450 1,000 completions during Q4/25 • Year 2026 will have the same 950 990 strong seasonality in completions as year 2025, with the majority of the 250
Slide 16: Apartments sold by associated companies and joint ventures increased from the previous quarter
Apartments sold by associated companies and joint ventures increased from the previous quarter Apartments sold by associated Completions of apartments under construction in associated companies companies and joint ventures*, units and joint ventures*, units Total of 16 (at end of Q3/25: 32) unsold c
Slide 17: Infrastructure: Strong performance is expected to continue
Infrastructure: Strong performance is expected to continue Revenue, Target: >10% growth Adjusted operating profit, Capital employed, EUR million (CAGR from 2024 baseline) EUR million EUR million Margin Target: target Negative >6% Revenue increased by over 30% during Profitability remained stable thr
Slide 18: Infrastructure order book increased
Infrastructure order book increased Infrastructure order book, • Order book corresponds to approximately EUR million 20 months of work • The infrastructure market in Finland is active in both the public and private sectors • Main orders announced during Q4: • The project company behind the Kouvola d
Slide 19: Building Construction: Profitability increased in 2025
Building Construction: Profitability increased in 2025 Revenue, Target: >4% growth Adjusted operating profit, Capital employed, EUR million (CAGR from 2024 baseline) EUR million EUR million Margin target >6% Target: Negative Revenue has declined in a highly Profitability increased from the previous
Slide 20: Building Construction order book close to EUR 1 billion
Building Construction order book close to EUR 1 billion Building Construction order book, • Order book corresponds to approximately 18 EUR million months of work • We have continued to secure several contracts across both public and private sectors that reinforce our core competences and expertise.
Slide 21: Key operational metrics
Key operational metrics Apartments under construction for Project margin net deviations, Supply chain status, consumers and investors, units rolling 12 months availability 4,236 3,861 3,718 978 Steel structures 2,982 837 661 2,770 3,258 820 3,024 3,057 Concrete structures 876 0 1,894 2,162 Building
Slide 22: Overall market environment remained stable
Overall market environment remained stable In Central Eastern Europe, the Building Residential construction Infrastructure residential market is favorable market market market with strong demand; Finland In Finland, the primary Baltic countries Central Eastern Europe apartment market sales volumes a
Slide 23: YIT Strategy for 2025-2029: Financial development
YIT YIT STRATEGY Financial STRATEGY FOR 2025-2029 development FOR 2025- 2029 Getting it done together 23
Slide 24: Financial development in Q4/2025
Financial development in Q4/2025 ROCE, Key assets Operating cash flow rolling 12 months at amounted to after investments was 3.9% 1,527 million EUR 111 million (Q4/24: 2.1%) (Q4/24: 1,674) (Q4/24: 114) (Q3/25: 3.0%) (Q3/25: 1,653) Gearing at Net debt at Guidance YIT expects its Group 71% EUR 560 mil
Slide 25: Successful capital release actions during the quarter
Successful capital release actions during the quarter Capital employed, ROCE %, YIT Group, EUR million YIT Group, rolling 12 months Target >15% EUR million Residential Finland Residential CEE Infrastructure Building Construction ’Other’ segment capital employed EUR 231 million in Q4/25 (in Q3/25: EU
Slide 26: Timing of residential completions is reflected in the quarterly cash flow profile
Timing of residential completions is reflected in the quarterly cash flow profile Operating cash flow after investments, • Operating cash flow after EUR million investments was EUR 111 million in Q4 • Cash flow was supported by a return of capital and profit distributions from Tripla Mall Ky amounti
Slide 27: Net interest-bearing debt and gearing decreased
Net interest-bearing debt and gearing decreased Net interest-bearing debt, EUR million • Net debt decreased to EUR 560 million (680) • Gearing decreased to 71% (88%) mainly supported by positive operating cash flow and hybrid bond issuance in Q2/2025 • Adjusted net debt decreased to EUR 173 million
Slide 28: Balance sheet enables the targeted profitable growth
Balance sheet enables the targeted profitable growth Assets and net debt breakdown, EUR million, at the end of Q4/25 Enables the construction of ~15,000 apts. in Finland: 524 apts. Tripla valued Finland and ~15,000 apts. in CEE CEE: 220 apts. at 136 million 1,527 Key assets Owned plots Leased plots
Slide 29: YIT clarifies the reporting of its strategy-aligned business operations
YIT clarifies the reporting of its strategy-aligned business operations • YIT has defined non-strategic items that are not part of the company’s Non-strategic items in Residential Finland strategic core operations according to the strategy for years 2025-2029, Asset Value* and which it intends to di
Slide 30: YIT expects Group adjusted operating profit of EUR 70–100 million in 2026
• The residential market in the Baltic countries and Central Eastern Europe is YIT expects its Group expected to continue favorable, contributing positively to Residential CEE segment's capability to generate profit. Timing of the residential project adjusted operating completions may deviate from t
Slide 31: YIT Strategy Progress update
YIT Strategy STRATEGY progress FOR 2025-2029 update Getting it done together 31
Slide 32: Progress towards the strategic targets
Progress towards the strategic targets Revenue, Adjusted operating profit margin %, ROCE %, EUR million rolling 12 months rolling 12 months Group revenue decline during the year is Growing operations in Residential CEE will Further opportunities to release capital will connected to weak market condi
Slide 33: Growth targets for Infrastructure and Building Construction increased
Growth targets for Infrastructure and Building Construction increased • 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. • Reve
Slide 34: YIT plans to align operations to current market conditions in Finland
YIT plans to align operations to current market conditions in Finland • YIT plans to renew the operating model in the Residential • YIT will initiate change negotiations in Finland. Any Finland and Building Construction segments, with the aim potential personnel reductions resulting from the negotia
Slide 35: Additional information
Additional information YIT Investor Relations investorrelations@yit.fi Essi Nikitin Arttu Hakala-Ranta VP, Investor Relations Investor Relations Manager +358 50 581 1455 +358 40 076 1775 essi.nikitin@yit.fi arttu.hakala-ranta@yit.fi YIT’s Interim Report for January-March 2026 will be published on Tu
Slide 36: Appendices
Appendices I. Key figures II. Apartment sales 36
Slide 37: I. Key figures
I. Key figures EUR million 10–12/25 10–12/24 1–12/25 1–12/24 Revenue 557 521 1,757 1,820 Operating profit 23 -17 45 -55 Operating profit margin, % 4.2 -3.3 2.6 -3.0 Adjusted operating profit 25 13 54 32 Adjusted operating profit margin, % 4.5 2.6 3.1 1.7 Result before taxes 9 -33 -10 -118 Result for
Slide 38: II. Apartment sales
II. Apartment sales *Q1/2023 “To investors” figure includes 144 units initially started for consumers from a bundle deal. *Q2/2023 “To investors” figure includes 190 units initially started for consumers from a bundle deal.
Slide 39: Together we can do it.
Together we can do it.