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Endomines Remuneration Information 2026
3155_rns_2026-03-26_7bde30bf-8c27-40bc-a594-4f998909d3d2.pdf
Remuneration Information
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ENDOMINES
2025
Remuneration Report
Remuneration Report
ENDOMINES
This report presents the remuneration of the Board of Directors and CEO of Endomines Finland Plc for the period of 1 January to 31 December 2025.
Principles of Remuneration
The remuneration is based on the remuneration policy. The objective and key principle of the remuneration policy is to promote the company's business strategy and long-term financial success, as well as to commit the members of the governing bodies to act in accordance with common goals. In addition, the objective of the remuneration policy is to encourage and reward actions in accordance with the current strategy and the achievement of the set goals.
The remuneration policy is valid until the company's annual general meeting in 2027, unless the company's Board of Directors decides to bring it to the General Meeting's advisory decision earlier. Any significant changes to the remuneration policy always require an advisory decision of the General Meeting.
Remuneration of the CEO
Kari Vyhtinen has been the CEO of Endomines Finland Plc since March 1, 2022. Endomines Finland Plc does not have a deputy CEO.
The company's Board of Directors decides annually on the CEO's remuneration and other compensation in accordance with the remuneration policy. The CEO receives a fixed monthly salary, and an annual variable performance bonus based on the company's result and the CEO's personal performance.
In 2025, the Board of Directors did not deviate from the guidelines of the remuneration policy. In 2025, CEO Kari Vyhtinen was paid a salary of EUR 357,959 (2024: EUR 361,863), including a short-term performance bonus of EUR 80,519 (2024: EUR 84,423) and taxable fringe benefits of 240 euros (2024: 240 euros).
The CEO's pension is determined according to the Employment Pension Act (in Finnish TyEL). The total pension contributions in 2025 were EUR 60,586 (2024: EUR 64,016). In 2025, the CEO was paid a supplementary pension of EUR 43,135 (2024: EUR 0).
Salaries and remuneration paid on average
| Salaries & Remuneration (EUR) | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Chair of the Board | 44,792 | 43,296 | 57,033 | 29,862 | 39,607 |
| Board Member (average) | 28,008 | 27,353 | 34,316 | 20,381 | 15,015 |
| CEO | 357,959 | 361,863 | 334,595 | 220,200 | 254,577 |
| Employees (average) | 64,442 | 68,253 | 70,663 | 68,567 | 60,561 |
Endomines Group's five-year development
| MEUR | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 45.5 | 28.7 | 19.7 | 13.5 | 0.0 |
| EBITDA | 16.3 | 5.8 | -0.7 | -6.4 | -11.6 |
ENDOMINES • REMUNERATION REPORT
Remuneration of the board of directors
The Annual General Meeting decides annually on the remuneration and other financial benefits of the members of the Board of Directors and committees. The Shareholders' Nomination Committee prepares a proposal for the General Meeting. The total remuneration paid to the members of the Board in 2025 was EUR 156,824 (2024: EUR 152,806). In 2025, approximately 30% of the annual remuneration of the Board members was paid in company shares. No other financial benefits were paid to the Board members.
| Remuneration (EUR) | 2025 | 2024 |
|---|---|---|
| Annual remuneration, Chair | 35,000 | 35,000 |
| Annual remuneration, vice chair | 25,000 | - |
| Annual remuneration, Member | 20,000 | 20,000 |
| Annual remuneration, Committee Chair | 5,000 | 5,000 |
| Annual remuneration, Committee Member | 2,500 | 2,500 |
| Meeting fee, physical meetings | 300 | 300 |
The remuneration paid to the Board of Directors
| Paid remuneration (EUR) | 2025 | 2024 |
|---|---|---|
| Kyösti Kakkonen (vice chair of the board) | 20,154 | - |
| Jeremy Read | 7,600 | 27,155 |
| Markus Ekberg | 31,532 | 28,650 |
| Eeva Ruokonen | 27,779 | 28,355 |
| Jukka-Pekka Joensuu (Chair of the Board) | 44,792 | 43,395 |
| Jukka Jokela | 24,966 | 25,250 |
ENDOMINES • REMUNERATION REPORT
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