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Krka — Remuneration Information 2026
May 14, 2026
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Remuneration Information
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KRKA
Report on Remuneration of Management and Supervisory Board Members in 2025
In accordance with Article 294b of the Companies Act (ZGD-1), Krka, d. d., Novo mesto releases
REPORT ON REMUNERATION PAID TO MANAGEMENT AND SUPERVISORY BOARD MEMBERS OF KRKA, D. D., NOVO MESTO IN 2025
Introduction
In accordance with Article 294a of the Companies Act, Krka, d. d. Novo mesto (hereinafter 'the Company' or 'Krka') has drafted the Remuneration Policy for Management and Supervisory Bodies of Krka, d. d., Novo mesto (hereinafter the 'Remuneration Policy'), which it must put to vote to its Annual General Meeting (hereinafter 'the AGM') pursuant to Article 294a(1) of the Companies Act. The vote on the remuneration policy is an advisory vote. Pursuant to paragraph 3, Article 294a of the Companies Act, payments to management and supervisory body members must comply with the remuneration policy submitted to the AGM for voting. Krka put its Remuneration Policy to vote to the 29th AGM on 6 July 2023. Of the total votes cast, 97.45% were in favour of adopting the document.
The Remuneration Policy is based on Krka's long-term development strategy, sustainability policy, and strategy. It encourages the Management Board to achieve Krka's strategic objectives, focusing on its long-term development and sustainable operations. The Supervisory Board of Krka participates in the adoption of the strategy. The Management and Supervisory Boards also adopt Krka's sustainability policy and strategy.
This remuneration report refers to the above document. There were no deviations in 2025 from the procedures laid down in the Remuneration Policy. The report includes a comprehensive overview of remunerations, including all bonuses rewarded by Krka to individual management and supervisory body members.
Remuneration of Management Board members
The Krka Management Board is composed of the President of the Management Board Jože Colarič; members Aleš Rotar, Vinko Zupančič, and David Bratož; and Milena Kastelic, a member – Worker Director.
Members of the Management Board receive fixed and variable remuneration, bonuses, and fringe benefits as per their service agreements. These comply with the Remuneration Policy.
Fixed remuneration is specified in the respective contracts as multiples of the average salary of Krka employees over the last three months. The Supervisory Board determines it at the time of appointing Management Board members based on their areas of responsibility. Multiple four (4) applies to Milena Kastelic, Management Board member – Worker Director, who acts as a workers' representative and represents employee interests in human resource and social issues. Multiple seven (7) applies to David Bratož, Management Board member responsible for corporate performance management, finance, information technology, and certain administrative services, and to Vinko Zupančič, Management Board member responsible for API R&D, production, and supply chain management. Multiple eight (8) applies to Aleš Rotar, Management Board member responsible for research and development of finished products, new products, quality management, and health and safety at work. Multiple ten (10) applies to Jože Colarič, President of the Management Board, in charge of marketing, sales, human resources, investments, industrial property, and certain administrative services. They receive allowances for continuity of service and years of service under the same criteria as all other employees. In 2025, the average monthly salary at Krka totalled €3,438.69 gross, excluding holiday allowance payment and winter allowance payment, Christmas bonus, company performance bonuses, and other bonuses awarded for good work performance. The actual gross monthly average salary was, therefore, in fact higher.
In accordance with internal acts, Management Board members are also entitled to bonuses, allowances, and other payments to which all Krka employees are entitled (bonuses for years of service and continuity of service, anniversary bonuses, Christmas bonuses, holiday allowance payment, other bonuses, compensations, and payments in line with internal acts).
KRKA
Report on Remuneration of Management and Supervisory Board Members in 2025
The Supervisory Board determines variable remuneration in line with the existing Remuneration Policy based on the opinion of the relevant committee. Performance is evaluated as per Krka Group consolidated data, except when performance criteria specify otherwise.
The Supervisory Board measures the Management Board's performance against financial and non-financial criteria, which encourage the Management Board to pursue the objectives set by Krka's long-term development strategy, its sustainability policy, and strategy, and therefore aim for long-term development and sustainable operations.
Financial criteria prompt Krka to launch and sell products of maximum customer value in as many markets as possible. They closely consider effective and efficient production and performance of other business functions, as well as solid working capital management and risk management.
Non-financial criteria contribute to the same objectives in the long term and to other objectives outlined in Krka's sustainability policy and sustainability strategy.
All performance criteria add to reaching Krka's primary objective, i.e. running a profitable business while maximising the value of Krka, generating profit, and acting to benefit Krka, its employees, shareholders, and the social community.
Krka's sustainability policy and strategy identify six key aspects that are most important to both stakeholders and Krka in the long term:
- Product quality and patient safety;
- Talent attraction and retention;
- Good leadership and governance practices;
- Accessible healthcare;
- Planet and climate change; and
- Compliance, integrity and transparency,
Effective performance by the Management Board in these areas contributes to achieving the best financial criteria.
The ESG Policy of Krka is published on Krka's website and on SEOnet of the Ljubljana Stock Exchange. Summaries of Krka's sustainability-related activities are also published in annual reports and on its corporate websites.
The variable components of Management Board members' remuneration depend on their performance in meeting the financial and non-financial criteria outlined below.
Financial criteria are used to assess the performance of current operations and the extent to which they were achieved in the past.
Non-financial criteria are applied to Management Board activities that augment future business success. The Supervisory Board evaluates these efforts based on their anticipated long-term impact (long-term performance).
In evaluating Management Board performance, non-financial criteria account for $35.3\%$ of the total score, with the remaining percentage attributed to financial criteria.
Variable components of Management Board member remuneration are determined annually in accordance with the Remuneration Policy. The Supervisory Board assesses Management Board performance using seven (7) financial and six (6) non-financial criteria. The former includes eleven (11) units and weights, and the latter six (6). One unit of the variable remuneration in the relevant six-month or one-year period amounts to a Management Board member's average fixed monthly remuneration component in that period.
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KRKA
Report on Remuneration of Management and Supervisory Board Members in 2025
Financial criteria are as follows (the maximum number of allocated units, which also represent weights, are given in brackets):
- Sales revenue growth (2);
- Sales volume growth (2);
- Sales revenue growth against competitors (1);
- Increase in cash flow from operating activities (1);
- Increase in operating profit (3);
- Return on equity against competitors (1);
- Dividends paid (1).
Non-financial criteria are as follows (the maximum number of allocated units, which also represent weights, are given in brackets):
- Product quality and patient safety (1);
- Talent attraction and retention (1);
- Good leadership and governance practices (1);
- Accessible healthcare (1);
- Planet and climate change (1);
- Compliance, integrity and transparency (1).
Please find below the requirements applied to each criterion in force since the 29th AGM on 6 July 2023.
| FINANCIAL CRITERIA | ||
|---|---|---|
| Criterion | Requirements | No. of payment units |
| Sales revenue growth | Year on year: | |
| • Up 4.1% or more | ||
| • Up between 0.1% and 4.0% | ||
| • No change | ||
| • Down up to 5% | 2 | |
| 1.5 | ||
| 1 | ||
| 0.5 | ||
| Sales volume growth | Year on year: | |
| • Up 4.1% or more | ||
| • Up between 0.1% and 4.0% | ||
| • No change | ||
| • Down up to 5% | 2 | |
| 1.5 | ||
| 1 | ||
| 0.5 | ||
| Sales revenue growth against competitors | Growth rate equal or higher than that of competitors | 1 |
| Increase in cash flow from operating activities | Over 90% year-on-year attainment: | |
| • A bonus of 0.1 salary for 91% attainment | ||
| • A bonus of 0.2 salary for 92% attainment, etc. | ||
| • A bonus of 1 salary for 100% attainment | 1 | |
| Increase in operating profit | Year on year: | |
| • Up 2.1% or more | ||
| • Up between 0.1% and 2.0% | ||
| • Down up to 5% | 3 | |
| 2 | ||
| 1 | ||
| Return on equity against competitors | Higher or at least comparable to the competition. | 1 |
| Dividends paid | At least in accordance with Krka’s long-term development strategy in force | 1 |
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KRKA
Report on Remuneration of Management and Supervisory Board Members in 2025
NON-FINANCIAL CRITERIA
| Criterion | Requirements | No. of payment units |
|---|---|---|
| Product quality and patient safety | • Very successful | |
| • Successful | ||
| • Unsuccessful | 1 | |
| 0.5 | ||
| 0 | ||
| Talent attraction and retention | • Very successful | |
| • Successful | ||
| • Unsuccessful | 1 | |
| 0.5 | ||
| 0 | ||
| Good leadership and governance practices | • Very successful | |
| • Successful | ||
| • Unsuccessful | 1 | |
| 0.5 | ||
| 0 | ||
| Accessible healthcare | • Very successful | |
| • Successful | ||
| • Unsuccessful | 1 | |
| 0.5 | ||
| 0 | ||
| Planet and climate change | • Very successful | |
| • Successful | ||
| • Unsuccessful | 1 | |
| 0.5 | ||
| 0 | ||
| Compliance, integrity and transparency | • Very successful | |
| • Successful | ||
| • Unsuccessful | 1 | |
| 0.5 | ||
| 0 |
Performance assessment based on non-financial criteria relies on a written report of the Management Board. Scores apply to activities that are expected to deliver future results, while past achievements in this context are also monitored.
The unit of payment of variable remuneration in the relevant six-month or one-year period is the average fixed monthly remuneration of the relevant Management Board member in that period.
Financial criteria apply to performance evaluation in the current year or six months (short-term performance) and in the past ten calendar years (long-term performance). The reward evaluation of all Management Board members comprises current period performance (60%), and performance over the past ten calendar years (40%). The Supervisory Board can adopt a resolution to change the weight for long-term performance to 50%.
A different approach is applied to non-financial criteria, rewarding the impact of current activities on future results.
If justified, the Supervisory Board may increase (bonus) or decrease (malus) the number of units calculated based on financial and non-financial criteria by a maximum of three units and thus adjust the amount of variable remuneration paid. A bonus applies if the Supervisory Board assesses that Krka operations exceeded expectations in view of a business situation. A malus applies if corporate compliance or risk management rules are breached or the Supervisory Board assesses that Krka could have performed better considering the business situation.
The number of variable remuneration units for the President of the Management Board and the Worker Director is subject to further adjustment. Variable remuneration of the President of the Management Board is calculated by multiplying a Management Board member's unit by 1.2, while the Worker Director receives one-third of those units.
Variable remuneration is calculated and paid based on business results for the first six months (cut-off date: 30 June of the current year), when the first part of variable remuneration for the current year is calculated and paid. This part amounts to up to seven (7) units for the President of the Management Board and up to six (6) units for all other Management Board members, but not exceeding 50% of variable remuneration annualised based on current results. The remaining variable remuneration is deferred by twelve (12) months from the above cut-off date and determined and paid based on actual Krka Group results for the previous financial year, whereby the audited results must be comparable to unaudited results, which served as the basis for the Supervisory Board's evaluation of the Management Board's performance during the year.
KRKA
Report on Remuneration of Management and Supervisory Board Members in 2025
Additional criteria apply to new members appointed to the Management Board for the first time following the adoption of the Remuneration Policy (see Section 10 of the Remuneration Policy). In 2025, no new members were appointed to the Management Board.
Krka reserves the right to request the return of variable remuneration, or a proportional part of it, within three (3) years of the payment date:
- If the annual report is annulled and the reasons for the annulment relate to data or information which served as the basis for determining the variable part of remuneration; or
- If the special auditor's report shows that criteria for determining the variable part of the remuneration have been misapplied or that material data or indicators have not been properly identified or taken into account.
Variable remuneration refund is made first by offsetting the allocated variable remuneration which has not yet been paid.
Management Board members are entitled to bonuses and fringe benefits as follows:
- Insurance coverage, with the annual premium not exceeding 1/12 of the member's annual fixed remuneration. Supplementary pension insurance, accident insurance, supplementary health insurance, regular life insurance without unit-linked insurance, and comparable types of insurance are available, excluding unit-linked life insurance.
- Use of a company car, also for private purposes, valued at up to €70,000 including VAT or up to €90,000 including VAT if the vehicle is environmentally friendly. Unless the Supervisory Board approves otherwise, the vehicle may be replaced only after three years or once it has reached 150,000 km.
- Payment of membership fees for professional associations and clubs of up to €1,500 annually.
- A comprehensive annual medical examination. If conducted by a medical institution outside Slovenia, the costs are covered up to the equivalent amount charged by a comparable medical institution in Slovenia.
- Management Board members are also entitled to bonuses and fringe benefits that are available to all Krka employees.
Krka provides Management Board members with Company-owned fixed assets necessary for the performance of their duties and covers the associated costs, including entertainment expenses, in line with best practices at companies of comparable size and in accordance with applicable management codes in Slovenia.
Management Board members also sit on supervisory boards of certain Krka subsidiaries, but they do not receive additional compensation for these roles.
The table below presents the remuneration paid to Management Board members in 2025 and 2024, categorised by type of payment. The table shows the remuneration paid by Krka. Between 2021 and 2025, Management Board members did not receive any remuneration from other Krka Group companies. They also did not receive any financial benefits, payments, or services approved or provided by third parties in relation to their activities. The difference between remuneration figures in this document and those in the annual report is due to the application of the cost principle in the presentation of remuneration in the annual reports.
No Management Board member's term of office ended, whether early or upon completion of the term, during the reported five-year period. Therefore, no related payments were made. Additionally, no payments were made to any former Management Board members.
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KRKA
Report on Remuneration of Management and Supervisory Board Members in 2025
Remuneration paid to Krka Management Board members in 2025
| € | Fixed remuneration | Variable remuneration | Total | Fixed remuneration to gross variable remuneration | |||||
|---|---|---|---|---|---|---|---|---|---|
| Gross | Net | Net fringe benefits and other earnings | Gross | Net | Gross | Net | Fixed | Variable | |
| Jože Colarič | 588,123 | 176,700 | 78,582 | 990,328 | 380,305 | 1,578,451 | 635,587 | 37.3% | 62.7% |
| Aleš Rotar | 463,868 | 145,976 | 61,719 | 639,732 | 246,420 | 1,103,600 | 454,115 | 42.0% | 58.0% |
| Vinko Zupančič | 383,085 | 125,372 | 50,164 | 533,156 | 205,712 | 916,241 | 381,248 | 41.8% | 58.2% |
| David Bratož | 386,122 | 118,799 | 58,820 | 524,100 | 201,760 | 910,222 | 379,379 | 42.4% | 57.6% |
| Milena Kastelic | 225,602 | 80,670 | 28,863 | 98,738 | 38,808 | 324,340 | 148,341 | 69.6% | 30.4% |
| Total remuneration of Management Board members | 2,046,800 | 647,517 | 278,148 | 2,786,054 | 1,073,005 | 4,832,854 | 1,998,670 | 42.4% | 57.6% |
Net fringe benefits and other earnings of Krka Management Board members in 2025
| € | Liability insurance for Management Board members¹ | Collective voluntary supplementary pension insurance | Supplementary pension insurance² | Anniversary bonuses | Other bonuses | Re-imbursement of work-related costs | Holiday allowance payment³ | Total |
|---|---|---|---|---|---|---|---|---|
| Jože Colarič | 13,702 | 48,111 | 3,055 | 0 | 10,557 | 54 | 3,103 | 78,582 |
| Aleš Rotar | 9,392 | 37,715 | 3,055 | 3,912 | 3,384 | 1,158 | 3,103 | 61,719 |
| Vinko Zupančič | 7,795 | 31,757 | 3,055 | 0 | 3,494 | 960 | 3,103 | 50,164 |
| David Bratož | 7,715 | 31,326 | 3,055 | 0 | 12,409 | 1,212 | 3,103 | 58,820 |
| Milena Kastelic | 2,417 | 18,944 | 3,055 | 0 | 93 | 1,251 | 3,103 | 28,863 |
| Total remuneration of Management Board members | 41,021 | 167,853 | 15,275 | 3,912 | 29,937 | 4,635 | 15,515 | 278,148 |
¹ The insurance is arranged to safeguard Krka’s interests, with Management and Supervisory Board members included as insured parties.
² This insurance is available to all Krka employees under the same conditions.
³ The holiday allowance payment and the winter allowance payment are included.
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KRKA
Report on Remuneration of Management and Supervisory Board Members in 2025
Remuneration paid to Krka Management Board members in 2024
| € | Fixed remuneration | Variable remuneration | Total | Fixed remuneration to gross variable remuneration | |||||
|---|---|---|---|---|---|---|---|---|---|
| Gross | Net | Net fringe benefits and other earnings | Gross | Net | Gross | Net | Fixed | Variable | |
| Jože Colarič | 590,726 | 184,952 | 67,024 | 877,186 | 339,896 | 1,467,912 | 591,872 | 40.2% | 59.8% |
| Aleš Rotar | 464,364 | 148,585 | 55,308 | 587,979 | 228,232 | 1,052,343 | 432,125 | 44.1% | 55.9% |
| Vinko Zupančič | 389,997 | 127,674 | 47,909 | 489,892 | 190,565 | 879,889 | 366,148 | 44.3% | 55.7% |
| David Bratož | 385,524 | 124,802 | 49,177 | 481,455 | 187,548 | 866,979 | 361,527 | 44.5% | 55.5% |
| Milena Kastelic | 232,451 | 80,411 | 30,274 | 95,782 | 37,982 | 328,233 | 148,667 | 70.8% | 29.2% |
| Total remuneration of Management Board members | 2,063,062 | 666,424 | 249,692 | 2,532,294 | 984,223 | 4,595,356 | 1,900,339 | 44.9% | 55.1% |
Net fringe benefits and other earnings of Krka Management Board members in 2024
| € | Liability insurance for Management Board members4 | Collective voluntary supplementary pension insurance5 | Supplementary pension insurance6 | Anniversary bonuses | Other bonuses | Reimbursement of work-related costs | Holiday allowance payment | Total |
|---|---|---|---|---|---|---|---|---|
| Jože Colarič | 990 | 57,273 | 2,904 | 0 | 3,493 | 46 | 2,318 | 67,024 |
| Aleš Rotar | 990 | 45,498 | 2,904 | 0 | 2,478 | 1,120 | 2,318 | 55,308 |
| Vinko Zupančič | 990 | 37,254 | 2,904 | 0 | 3,518 | 925 | 2,318 | 47,909 |
| David Bratož | 990 | 37,611 | 2,904 | 0 | 4,161 | 1,193 | 2,318 | 49,177 |
| Milena Kastelic | 990 | 22,829 | 2,904 | 0 | 53 | 1,180 | 2,318 | 30,274 |
| Total remuneration of Management Board members | 4,950 | 200,465 | 14,520 | 0 | 13,703 | 4,464 | 11,590 | 249,692 |
4 The insurance is arranged to safeguard Krka's interests, with Management and Supervisory Board members included as insured parties.
5 A reconciliation was carried out in 2024 in line with the benefits applicable under the Remuneration Policy.
6 This insurance is available to all Krka employees under the same conditions.
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KRKA
Report on Remuneration of Management and Supervisory Board Members in 2025
Total remuneration paid to Krka Management Board members over the last five years
| € | Fixed remuneration | Variable remuneration | Total | Fixed remuneration to gross variable remuneration | |||||
|---|---|---|---|---|---|---|---|---|---|
| Gross | Net | Net fringe benefits and other earnings | Gross | Net | Gross | Net | Fixed | Variable | |
| 2025 | 2,046,800 | 647,517 | 278,148 | 2,786,054 | 1,073,005 | 4,832,854 | 1,998,670 | 42.4% | 57.6% |
| Index 2025/2024 | 99 | 97 | 111 | 110 | 109 | 105 | 105 | ||
| 2024 | 2,063,062 | 666,424 | 249,692 | 2,532,294 | 984,223 | 4,595,356 | 1,900,339 | 44.9% | 55.1% |
| Index 2024/2023 | 116 | 93 | 334 | 103 | 102 | 109 | 108 | ||
| 2023 | 1,774,324 | 719,791 | 74,858 | 2,460,078 | 964,916 | 4,234,402 | 1,759,565 | 41.9% | 58.1% |
| Index 2023/2022 | 100 | 96 | 97 | 118 | 108 | 110 | 102 | ||
| 2022 | 1,771,172 | 747,842 | 77,257 | 2,082,662 | 896,691 | 3,853,834 | 1,721,790 | 46.0% | 54.0% |
| Index 2022/2021 | 117 | 118 | 162 | 93 | 101 | 102 | 110 | ||
| 2021 | 1,512,800 | 635,365 | 47,658 | 2,250,420 | 886,128 | 3,763,220 | 1,569,151 | 40.2% | 59.8% |
Total net fringe benefits and other earnings paid to Krka Management Board members over the last five years
| € | Liability insurance for Management Board members7 | Collective voluntary supplementary pension insurance8 | Supplementary pension insurance 9 | Anniversary bonuses | Other bonuses | Re-imbursement of work-related costs | Holiday allowance payment10 | Total |
|---|---|---|---|---|---|---|---|---|
| 2025 | 41,021 | 167,853 | 15,275 | 3,912 | 29,937 | 4,635 | 15,515 | 278,148 |
| 2024 | 4,950 | 200,465 | 14,520 | 0 | 13,703 | 4,464 | 11,590 | 249,692 |
| 2023 | 4,470 | 30,000 | 14,520 | 0 | 10,789 | 4,354 | 10,725 | 74,858 |
| 2022 | 0 | 27,499 | 14,410 | 5,105 | 16,636 | 3,987 | 9,620 | 77,257 |
| 2021 | 0 | 0 | 14,095 | 1,338 | 18,215 | 4,125 | 9,885 | 47,658 |
The table below shows a Krka employee's average gross salary over the last five years, excluding holiday allowance payment and winter allowance payment, Christmas bonuses, company performance and individual work performance bonuses. Remuneration paid to members of the Management Board is excluded from this table.
| € | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Average annual gross salary | 3,412 | 3,527 | 3,361 | 3,038 | 2,878 |
The table below shows a Krka employee's average gross salary over the last five years, including Christmas bonuses and company performance.
| € | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Average annual gross salary | 4,028 | 4,180 | 3,984 | 3,623 | 3,449 |
7 The insurance is arranged to safeguard Krka's interests, with Management and Supervisory Board members included as insured parties.
8 A reconciliation was carried out in 2024 in line with the benefits applicable under the Remuneration Policy.
9 This insurance is available to all Krka employees under the same conditions.
10 The holiday allowance payment and the winter allowance payment are included for 2025.
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KRKA
Report on Remuneration of Management and Supervisory Board Members in 2025
Variable remuneration is calculated using the following performance results data from the table for the Krka Group and Krka over the last five years:
| € thousand | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Krka Group | |||||
| Revenue | 2,041,025 | 1,909,544 | 1,806,391 | 1,717,453 | 1,565,802 |
| - Growth index | 107 | 106 | 105 | 110 | 102 |
| Quantities sold (million product units) | 18,658 | 17,780 | 17,459 | 16,554 | 15,854 |
| - Growth index | 105 | 102 | 105 | 104 | 102 |
| Net cash flow from operating activities | 528,620 | 360,933 | 227,254 | 467,651 | 386,097 |
| - Growth index | 146 | 159 | 49 | 121 | 107 |
| Operating profit | 465,149 | 427,572 | 399,621 | 381,211 | 354,788 |
| - Growth index | 109 | 107 | 105 | 107 | 91 |
| Krka Group dividend payout ratio (%) | 70,6 | 73.6 | 56.3 | 56.6 | 53.6 |
| Krka | |||||
| Revenue | 1,859,391 | 1,766,021 | 1,674,572 | 1,553,514 | 1,381,367 |
| - Growth index | 105 | 105 | 108 | 112 | 95 |
| Net cash flow from operating activities | 467,895 | 320,519 | 155,399 | 407,733 | 348,239 |
| - Growth index | 146 | 206 | 38 | 117 | 99 |
| Operating profit | 412,686 | 385,997 | 322,308 | 357,870 | 273,325 |
| - Growth index | 107 | 120 | 90 | 131 | 81 |
Remuneration of Supervisory Board members
The composition of the Krka Supervisory Board in 2025 was as follows:
Composition of the Supervisory Board in 2025
| John Mermel | Luke Ceran | Brittian Farber | Metal Lafayette | Julijans Kristi | Majca Godwin Vidomšek | Goria Savile | Boris Žoldančić | Mari Bužić | Tomek Sever | Matsis Vrešar | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Function | President | Member | Member | Deputy President | Deputy President | Member | Member | Member | Member | Member | Deputy President |
| Committee membership | No | Member of the Audit Committee | Member of the Audit Committee | Member of the Audit Committee | Member and, since the constitutive meeting on 17 Sep, President of the Human Resource Committee | President of the Audit Committee | Member of the Audit Committee and the Human Resource Committee | President of the Human Resource Committee and member of the Audit Committee | No | Member of the Human Resource Committee and the Audit Committee | Member of the Human Resource Committee and the Audit Committee |
| Representative of shareholders / employees | Shareholders | Shareholders | Shareholders | Shareholders | Shareholders | Shareholders | Shareholders | Shareholders | Employees | Employees | Employees |
The remuneration of Supervisory Board members is set out in Resolution 4 adopted at the 29th AGM on 6 July 2023. Prior to that, remuneration was paid to Supervisory Board members in accordance with Resolution 4 adopted at the 27th AGM on 8 July 2021.
11 Supervisory Board member since 22 August 2025
12 Supervisory Board member until 21 August 2025
13 Supervisory Board member since 22 August 2025
14 Supervisory Board member until 21 August 2025
KRKA
Report on Remuneration of Management and Supervisory Board Members in 2025
Supervisory Board members receive the attendance fee of €360.00 gross per person for attending a Supervisory Board meeting (€275.00 gross until 6 July 2023). Supervisory Board members who sit on committees receive attendance fees for participating in committee meetings, totalling 80% of the attendance fees received for Supervisory Board meetings. Fees for participating in correspondence sessions equal 80% of the usual attendance fees. Irrespective of the above and the number of attendances in a financial year, each member of the Supervisory Board is entitled to receive attendance fees until the total amount of attendance fees reaches 50% of the basic annual pay for exercising their function on the Supervisory Board. Irrespective of the above and the number of Supervisory Board and committee meetings attended in a financial year, the Supervisory Board members who are members of one or more Supervisory Board committees are entitled to receive attendance fees up until the total amount of attendance fees received, based either on attending Supervisory Board meetings or Supervisory Board committee meetings, reaches 75% of the basic annual pay for exercising their function.
In addition to attendance fees, Supervisory Board members receive a basic annual pay of €21,000.00 gross per person for serving on the Board (until 6 July 2023, basic pay was €15,000 gross per annum). The President of the Supervisory Board is entitled to additional compensation amounting to 50% of the basic pay for serving on the board, and the Deputy President to an additional 10% of the basic pay for serving on the Board.
Supervisory Board committee members receive additional compensation equal to 25% of the basic pay for serving on the Board. Presidents of committees are entitled to additional compensation equal to 37.5% of the basic pay for serving on the Supervisory Board. Every financial year, irrespective of the above and the number of committees a member sits on or chairs, the total additional compensation for committee work is capped at 50% of the basic annual remuneration for serving as a Supervisory Board member. If a Supervisory Board member's term is shorter than the full financial year, they are entitled to additional compensation – again capped at 50% of the basic annual remuneration – based on the duration of their term of office and the payments they are eligible for within that period.
Supervisory Board members are also eligible for additional compensation for special tasks. Special tasks are exceptional in nature, highly complex, and typically extend over a longer period, generally at least a month. With the Supervisory Board member's consent, the Supervisory Board may assign such tasks, determine their duration, and set the corresponding compensation in accordance with the resolution adopted by the AGM. In line with this AGM resolution, the Supervisory Board also has the authority to approve additional compensation for special duties assigned to Supervisory Board members arising from objective circumstances at Krka. Additional compensation is granted solely for the period during which the tasks are actually performed. As an exception, the Supervisory Board may approve compensation retrospectively – particularly when special tasks arise from objective circumstances at Krka – but only for the preceding financial year. Regardless of the number of special tasks, the total additional compensation per member may not exceed 50% of the basic annual remuneration for serving on the Supervisory Board. When determining the amount of additional compensation, the complexity of the special task, along with the associated increase in workload and responsibility, is taken into account. The additional compensation is calculated based on the actual time required to carry out the special task.
Supervisory Board members receive basic pay and additional compensation for serving on the Board, as well as proportionate monthly payments for any special tasks performed during their term. The monthly amount corresponds to one-twelfth of the applicable annual compensation. Depending on the circumstances, additional compensation for special tasks may also be paid as a lump sum upon completion of the task.
Limitations on the total amounts of attendance fees and additional compensation paid to Supervisory Board members in no way affect their obligation to actively participate in all Supervisory Board and committee meetings, nor do they impact their legal liability.
The Supervisory Board members are entitled to reimbursement of travel and accommodation expenses incurred in connection with their work on the Supervisory Board up to the amount specified in the rules regulating the reimbursement of work-related expenses and other income not included in the tax base (provisions applicable to business travel and overnight accommodation on business trips). The amount a Supervisory Board member is entitled to under the above rule must be grossed up so that the net payout equals the actual travel expenses incurred. Mileage is calculated based on distances between locations as provided
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KRKA
Report on Remuneration of Management and Supervisory Board Members in 2025
by the AMZS (Slovene National Automobile Association) website. Accommodation expenses are reimbursable only if a Supervisory Board member's or a Supervisory Board committee member's permanent or temporary residence is at least 100 kilometres apart from their place of work and returning home was not possible due to the unavailability of public transport or other objective reasons.
The table below presents the remuneration paid to Supervisory Board members in 2025 and 2024. The table shows the remuneration paid by Krka. Between 2021 and 2025, Supervisory Board members did not receive any remuneration from other Krka Group companies. They also did not receive any financial benefits, payments, or services approved or provided by third parties in relation to their activities.
Remuneration paid to Krka Supervisory Board members in 2025
| € | Base remuneration for exercising the function | Fringe benefits and other earnings15 | Attendance fees | Commuting allowances | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| Gross | Net | Gross/Net16 | Gross | Net | Gross | Net | Gross | Net | |
| Remuneration paid to members of the Supervisory Board, owner representatives | |||||||||
| Jože Mermal | 39,909 | 28,913 | 641 | 2,520 | 1,838 | 0 | 0 | 43,070 | 31,392 |
| Luka Cerar | 35,408 | 25,630 | 641 | 4,248 | 3,099 | 550 | 401 | 40,847 | 29,771 |
| Boštjan Furlan17 | 12,115 | 8,663 | 450 | 1,008 | 731 | 121 | 88 | 13,694 | 9,932 |
| Matej Lahovnik18 | 24,263 | 17,664 | 240 | 3,240 | 2,368 | 830 | 606 | 28,573 | 20,878 |
| Julijana Kristl | 36,399 | 26,391 | 486 | 3,384 | 2,468 | 643 | 469 | 40,912 | 29,814 |
| Mojca Osolnik Videmšek | 38,033 | 27,601 | 431 | 4,248 | 3,099 | 577 | 420 | 43,289 | 31,551 |
| Sanja Savič19 | 13,631 | 9,764 | 450 | 1,008 | 731 | 189 | 137 | 15,278 | 11,082 |
| Boris Žnidarič20 | 26,278 | 19,136 | 240 | 4,104 | 2,998 | 396 | 289 | 31,018 | 22,663 |
| Remuneration paid to members of the Supervisory Board, employee representatives | |||||||||
| Mari Božič | 30,158 | 21,981 | 431 | 2,520 | 1,838 | 0 | 0 | 33,109 | 24,250 |
| Tomaž Sever | 40,658 | 29,632 | 431 | 5,112 | 3,729 | 576 | 421 | 46,778 | 34,213 |
| Mateja Vrečer | 42,758 | 31,162 | 431 | 5,112 | 3,729 | 0 | 0 | 48,301 | 35,322 |
| Total remuneration paid to members of the Supervisory Board | 339,610 | 246,537 | 4,872 | 36,504 | 26,629 | 3,882 | 2,831 | 384,869 | 280,869 |
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KRKA
Report on Remuneration of Management and Supervisory Board Members in 2025
Remuneration paid to Krka Supervisory Board members in 2024
| € | Base remuneration for exercising the function | Fringe benefits and other earnings21 | Attendance fees | Commuting allowances | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| Gross | Net | Gross/Net22 | Gross | Net | Gross | Net | Gross | Net | |
| Remuneration paid to SB members, owner representatives | |||||||||
| Jože Mermal | 40,250 | 29,185 | 990 | 2,520 | 1,843 | 0 | 0 | 43,760 | 32,018 |
| Luka Cerar | 32,135 | 23,190 | 1,200 | 3,960 | 2,897 | 471 | 345 | 37,766 | 27,632 |
| Matej Lahovnik | 37,100 | 26,880 | 990 | 4,248 | 3,107 | 995 | 728 | 43,333 | 31,705 |
| Julijana Kristl | 35,000 | 25,329 | 1,375 | 3,384 | 2,476 | 468 | 343 | 40,227 | 29,523 |
| Mojca Osolnik Videmšek | 36,529 | 26,462 | 990 | 4,248 | 3,107 | 509 | 373 | 42,276 | 30,932 |
| Boris Žnidarič | 40,250 | 29,170 | 1,375 | 5,112 | 3,739 | 509 | 373 | 47,246 | 34,657 |
| Remuneration paid to members of the Supervisory Board, employee representatives | |||||||||
| Mari Božič23 | 15,458 | 11,317 | 0 | 1,080 | 791 | 0 | 0 | 16,538 | 12,108 |
| Franc Šašek24 | 17,029 | 12,187 | 990 | 2,592 | 1,894 | 0 | 0 | 20,611 | 15,071 |
| Tomaž Sever | 37,399 | 27,100 | 990 | 3,960 | 2,897 | 586 | 429 | 42,935 | 31,416 |
| Mateja Vrečer | 40,885 | 29,652 | 990 | 4,824 | 3,530 | 0 | 0 | 46,699 | 34,172 |
| Total remuneration paid to members of the Supervisory Board | 332,035 | 240,472 | 9,890 | 35,928 | 26,281 | 3,538 | 2,591 | 381,391 | 279,234 |
Total remuneration paid to Krka Supervisory Board members over the last five years25
| € | Remuneration for exercising the function | Fringe benefits and other earnings21 | Attendance fees | Commuting allowances | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| Gross | Net | Gross/Net22 | Gross | Net | Gross | Net | Gross | Net | |
| 2025 | 339,610 | 246,537 | 4,872 | 36,504 | 26,629 | 3,882 | 2,831 | 384,869 | 280,869 |
| Index 2025/2024 | 102 | 103 | 49 | 102 | 101 | 110 | 109 | 101 | 101 |
| 2024 | 332,035 | 240,472 | 9,890 | 35,928 | 26,281 | 3,538 | 2,591 | 381,391 | 279,234 |
| Index 2024/2023 | 117 | 117 | / | 152 | 153 | 105 | 106 | 123 | 124 |
| 2023 | 283,729 | 206,355 | / | 23,576 | 17,148 | 3,358 | 2,443 | 310,663 | 225,946 |
| Index 2023/2022 | 115 | 115 | / | 97 | 97 | 132 | 132 | 114 | 114 |
| 2022 | 246,749 | 179,461 | / | 24,200 | 17,601 | 2,542 | 1,848 | 273,491 | 198,910 |
| Index 2022/2021 | 89 | 89 | / | 102 | 102 | 129 | 129 | 90 | 90 |
| 2021 | 277,571 | 201,877 | / | 23,651 | 17,201 | 1,969 | 1,432 | 303,191 | 220,511 |
21 Fringe benefits and other earnings include collective liability insurance and, for individual members, also the membership fee for the Slovenian Directors' Association (SDA).
22 Net equals gross, as the benefit is not grossed up.
23 Supervisory Board member since 21 June 2024
24 Supervisory Board member until 20 June 2024
25 The table includes the remuneration of all Supervisory Board members in the individual years, not only of Board members in 2025.
KRKA
Report on Remuneration of Management and Supervisory Board Members in 2025
Novo mesto, 23 March 2026
Jože Colarič
President of the Management Board and CEO

Dr Aleš Rotar
Member of the Management Board

Dr Vinko Zupančič
Member of the Management Board

David Bratož
Member of the Management Board

Milena Kastelic
Member of the Management Board – Worker Director
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KRKA
Report on Remuneration of Management and Supervisory Board Members in 2025
KPMG
This is an English translation of the Independent Auditor's Limited Assurance Report on the Remuneration Report originally issued in Slovenian. In the event of any differences, the Slovenian original prevails. This report should be read in conjunction with the Remuneration Report issued in Slovenian to which it relates. The accompanying English Remuneration Report is not subject to the limited assurance engagement.
Independent Limited Assurance Report on the Remuneration of Members of the Management and Supervisory Bodies
To the shareholders of KRKA, tovarna zdravil, d. d., Novo mesto
We were engaged by the Management board of KRKA, tovarna zdravil, d. d., Novo mesto ("the Company") to report on the Company's Report on remuneration of the members of the management and supervisory bodies for the financial year ended 31 December 2025 (the "Remuneration Report"), in the form of an independent limited assurance conclusion that based on our work performed and evidence obtained, nothing has come to our attention that causes us to believe that the Remuneration Report has not been prepared, in all material respects, in accordance with requirements of the Article 294.b of the Companies Act dated 4 May 2006 (Official Gazette of the Republic of Slovenia no. 42/2006 with amendments)(hereinafter, the "Companies Act (ZGD-1)", "Criteria")
Responsibilities of Management and Those Charged with Governance
The Management board is responsible for the preparation of the Remuneration Report that is free from material misstatement in accordance with the Criteria and for the information contained therein.
This responsibility includes designing, implementing and maintaining internal control relevant to the preparation and presentation of the Remuneration Report that is free from material misstatement, whether due to fraud or error. It also includes ensuring that Company complies with relevant policies and regulations, selecting and applying policies and maintaining adequate records in relation to the Remuneration Report.
The Management board is also responsible for preventing and detecting fraud and for identifying and ensuring that the Company complies with laws and regulations applicable to its activities, as well as for ensuring that staff involved with the preparation of the Remuneration Report are properly trained, systems are properly updated and that any changes in reporting encompass all significant business units.
Those charged with governance are responsible for overseeing the preparation of the Remuneration Report in compliance with the requirements of Article 294.b of the Companies Act (ZGD-1).
© 2025 KPMG SLOVENIA, podpise za mračranje, d.o.o., slovenska družba z omejeno odgovornostjo in členica globalne organizacije neuslovne slavo, in so povesane s KPMG International Limited, zasedno angleško družbo z omejeno odgovornostjo. Vse pravice priložane.
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razovni kopčat: 04.562,02 EUR
ID za OOV: 835437140
matilina št.: 0648568500
KRKA
Report on Remuneration of Management and Supervisory Board Members in 2025
Auditor's Responsibility
Our responsibility is to examine the Remuneration Report prepared by the Company and to report thereon in the form of an independent limited assurance conclusion based on the evidence obtained. We conducted our limited assurance engagement in accordance with International Standard on Assurance Engagements (ISAE) 3000 (Revised), Assurance Engagements Other than Audits or Reviews of Historical Financial Information (hereinafter: ISAE 3000) issued by the International Auditing and Assurance Standards Board. That standard requires that we plan and perform the engagement to obtain a meaningful level of assurance about whether the Remuneration Report is prepared in accordance with the Criteria, in all material respects, as the basis for our limited assurance conclusion.
Our firm applies International Standard on Quality Management (ISQM) 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements, issued by the IAASB, which requires the firm to design, implement and operate a system of quality management, including policies or procedures regarding compliance with ethical requirements, professional standards and applicable legal and regulatory requirements. We have complied with the independence and ethical requirements of the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board of Accountants (IESBA Code), founded on the fundamental principles of integrity, objectivity, professional competence and due care, confidentiality and professional behaviour, together with the ethical requirements that are relevant to our assurance engagements in Slovenia.
Summary of Work Performed
The procedures selected depend on our understanding of the Remuneration Report and other engagement circumstances, and our consideration of areas where material misstatements are likely to arise.
In obtaining an understanding of the Remuneration Report and other engagement circumstances, we have considered the process used to prepare the Remuneration Report in order to design assurance procedures that are appropriate in the circumstances, but not for the purposes of expressing a conclusion as to the effectiveness of the Company's process or internal control over the preparation and presentation of the Remuneration Report.
Our engagement also included: assessing the appropriateness of the Remuneration Report, the suitability of the criteria used by the Company in preparing the Remuneration Report in the circumstances of the engagement and evaluating the appropriateness of the policies and procedures.
In conducting our limited assurance engagement, the procedures performed included:
- Obtaining an understanding of the Company's internal controls, processes and systems for preparing the Remuneration Report via the inspection of relevant internal documentary evidence and inquiries of the Company's personnel;
- Tracing, on a sample basis, the information disclosed in the Remuneration Report to the Company's supporting documentation;
- Evaluating the completeness and accuracy of the Company's identification of the individuals for whom information is required to be included in the Remuneration Report, through inspection of the relevant corporate documentation and making enquiries of those responsible for the preparation of the Remuneration Report; and
- Checking whether the Remuneration Report contains all of the information required under Paragraphs 2 and 3 of Article 294.b of the Companies Act (ZGD-1).
The procedures performed in a limited assurance engagement vary in nature and timing from, and are less in extent than for, a reasonable assurance engagement. Consequently, the level of assurance obtained in a limited assurance engagement is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed.
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Report on Remuneration of Management and Supervisory Board Members in 2025
KPMG
Criteria
The Remuneration Report for the financial year ended 31 December 2025 has been evaluated against the requirements pursuant to Paragraphs 2 and 3 of Article 294.b of the Companies Act (ZGD-1).
Conclusion
Our conclusion has been formed on the basis of, and is subject to, the matters outlined in this report. We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion.
Based on the procedures performed and the evidence obtained, nothing has come to our attention that causes us to believe that the Remuneration Report is not prepared, in all material respects, based on the Criteria.
On behalf of our audit firm
KPMG SLOVENIJA, podjetje za revidiranje, d.o.o.


Ljubljana, 23 March 2026