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NRC Group Remuneration Information 2026
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Remuneration Information
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NRC Group
BankID Signing
Almild, Espen
2026-03-26
BankID Signing
Anders Fredrik Gustafsson
2026-03-26
BankID Signing
Mæland, Martin
2026-03-26
Finnish FTN
Outi Kristiina Henriksson
2026-03-26
BankID Signing
Rodahl, Ståle Roar
2026-03-26
BankID Signing
Undrum, Stine Benedicte Ilebret
2026-03-27
Remuneration Report
2025
Remuneration Report 2025
NRC Group
Introduction
Under section 6-16 b of the Public Limited Liability Companies Act, the Board of NRC Group ASA ("NRC Group" or the "Company") is required to draw up an annual report that provides a complete overview of remuneration disbursed and remuneration due to executive personnel covered by the guidelines defined in section 6-16 a.
This remuneration report (the "Report") has been prepared in compliance with the Norwegian Public Limited Liability Companies Act and related regulations.
Information on the work of the Remuneration Committee of NRC Group in 2025 is set out in the Corporate Governance Report, which is available in the annual report 2025.
The Report will be presented for an advisory vote at the Annual General Meeting on 8 May 2026 and is disclosed, once adopted, at the Company's website, www.nrcgroup.com.
PURPOSE
The objective of the Report is to ensure transparency in NRC Group's remuneration policy and the actual remuneration of the executive personnel, and to ensure that the remuneration system is in accordance with NRC Group's results and goals. The definition of executive personnel in this report includes the chief executive officer, the chief financial officer, any other member of the executive management team, and any member of the Board of Directors of the Company.
The combination of fixed and variable compensation arrangements including the senior executive share option scheme has ensured NRC Group's competitiveness as an employer in all of the geographies and domains it operates, enabling us to retain, develop and recruit skilled senior executives with relevant experience and competence. These compensation arrangements have been important for successfully implementing the Group's business strategy, our long-term interests, and to develop our sustainable business practices.
COMPLIANCE WITH THE GUIDELINES
The remuneration guidelines (the "Guidelines") have been fully implemented in 2025. The remuneration to the executive personnel for 2025 is in accordance with the Guidelines; no deviations have been made from the approved principles.
No remuneration has been reclaimed.
The Guidelines and the auditor's assurance report regarding whether the Company has complied with the Guidelines are available on the Company's website, www.nrcgroup.com.
REMUNERATION IN FOREIGN CURRENCY
Remuneration to senior executives is paid or accrued in the currency of the respective subsidiary that owns the employment relationship. In this Report, amounts are presented in Norwegian kroner (NOK), which is both the functional and presentation currency of the parent company. Remuneration in other currencies received during the financial year is translated into NOK using the average exchange rate for the year. Accrued remuneration at the end of the reporting period is translated at the exchange rate in effect on the balance sheet date. Members of the Board receive their fees from the parent company NRC Group ASA in NOK.
Remuneration Report 2025
NRC Group
Key developments 2025
Overall company development in 2025
| (Amounts in NOK million) | 2025 | 2024 |
|---|---|---|
| Revenue | 6,553 | 6,892 |
| EBITDA | 356 | 25 |
| EBIT | 141 | -820 |
| EBIT (%) | 2.2% | -11.9% |
| Order intake | 7,106 | 6,606 |
| Order backlog | 9,208 | 7,971 |
| Cash flow from operating activities | 85 | 31 |
| Cash and cash equivalents | 180 | 357 |
| Net interest-bearing debt | 753 | 622 |
| Equity ratio | 40% | 37% |
| Employees | 1,647 | 1,780 |
For more information about the general performance of the Company during the financial year, please see the CEO's letter and the Board of Director's report in the annual report 2025.
Remuneration Report 2025
NRC Group
Remuneration of the Board of Directors
The Directors' fees shall be decided by the General Meeting. This decision will be based on the Nomination Committee's recommendation.
Table 1A sets out the total remuneration paid to each board member during 2025.
Table 1A - Remuneration paid to the Board of Directors in the reported financial year
| Name, position | Employment period | Financial year | 1 Fixed remuneration - Fees | 2 Variable remuneration | 3 Total remuneration | 4 Proportion of fixed and variable remuneration |
|---|---|---|---|---|---|---|
| Rolf Jansson, Chair of the BoD | Nov 2018 - May 2025 | 2025 | 603 750 | 0 | 603 750 | 100 % 0 % |
| 2024 | 770 000 | 0 | 770 000 | 100 % 0 % | ||
| Mats Williamson, Board member | Jul 2018 - May 2025 | 2025 | 370 125 | 0 | 370 125 | 100 % 0 % |
| 2024 | 453 000 | 114 000 | 453 000 | 80 % 20 % | ||
| Tove Elisabeth Pettersen, Board member | May 2020 - May 2025 | 2025 | 370 125 | 0 | 370 125 | 100 % 0 % |
| 2024 | 453 000 | 0 | 453 000 | 100 % 0 % | ||
| Eva Nygren, Board member | Nov 2018 - May 2025 | 2025 | 307 125 | 0 | 307 125 | 100 % 0 % |
| 2024 | 390 000 | 0 | 390 000 | 100 % 0 % | ||
| Heikki Allonen, Board member | May 2021 - May 2025 | 2025 | 338 625 | 0 | 338 625 | 100 % 0 % |
| 2024 | 422 000 | 0 | 422 000 | 100 % 0 % | ||
| Karin Bing Orgland, Board Member | May 2022 - May 2025 | 2025 | 370 125 | 0 | 370 125 | 100 % 0 % |
| 2024 | 453 000 | 0 | 453 000 | 100 % 0 % | ||
| Martin Mæland, Chair of the BoD | May 2025 - | 2025 | 375 000 | 0 | 375 000 | 100 % 0 % |
| 2024 | N/A | N/A | N/A | N/A | ||
| Outi Henriksson, Board member | May 2021 - | 2025 | 526 125 | 0 | 526 125 | 100 % 0 % |
| 2024 | 422 000 | 0 | 422 000 | 100 % 0 % | ||
| Espen Almlid, Board Member | May 2025 - | 2025 | 187 500 | 0 | 187 500 | 100 % 0 % |
| 2024 | N/A | N/A | N/A | N/A | ||
| Stine Undrum, Board Member | May 2025 - | 2025 | 187 500 | 0 | 187 500 | 100 % 0 % |
| 2024 | N/A | N/A | N/A | N/A | ||
| Ståle Rodahl, Board Member | May 2025 - | 2025 | 187 500 | 0 | 187 500 | 100 % 0 % |
| 2024 | N/A | N/A | N/A | N/A |
Remuneration Report 2025
NRC Group
The remuneration for 2025 is based on the general assembly approved remuneration for 2025 which amounts to NOK 750,000 for the chair and NOK 375,000 for the members. Additional remuneration for the audit committee is NOK 94,500 for the chair and NOK 63,000 for members. For the HR committee the remuneration is NOK 52,500 for the chair and 31,500 for members and for the project committee NOK 94,500 for the chair and 63,000 for the members. The board members have not received variable remuneration in 2025. No other benefits were granted or awarded or due, but not yet materialised, during the reported financial year.
5
Remuneration Report 2025
NRC Group
Remuneration of the management
The Guidelines enable the Company to offer senior executives a competitive remuneration. Under the Guidelines, the remuneration shall be on market terms, competitive, and reflect the performance and responsibilities of individual senior executives. The remuneration may consist of fixed cash salary, variable cash salary, pension benefits, participation in the share option incentive programme, and the employee share programme.
The fixed cash salary shall be the main element in the overall remuneration and shall take into account the scope and responsibility associated with the position, as well as the skills, experience, and performance of each senior executive.
The performance measures for the senior executives' variable remuneration have been selected to deliver the Company's business strategy and to encourage behaviour that is in the long-term interest of the Company. In the selection of performance measures, the strategic objectives, sustainability, and long-term interest have been taken into account. None of the senior executives receives remuneration from other enterprises in the NRC Group than the entity they are employed in.
Table 1B and 1C set out total remuneration to NRC Group's CEO and other senior executives during 2025. Table 1B contains each individual director's total remuneration excluding accrued bonus expenses to be paid in 2026, split out by component. Furthermore, the table presents the relative proportion of fixed and variable remuneration. In addition to the directors who have performed their mandate during the reported financial year, information regarding former directors, to the extent remuneration was awarded or due during the reported financial year, is provided.
Remuneration Report 2025
NRC Group
Explanatory notes regarding Table 1B
| Base Salary | Fixed base salary paid or due to senior executives, in exchange for professional services to serve their mandate in respect to the reported financial year. |
|---|---|
| Fringe benefits | Value of any benefits and perquisites awarded or due to the senior executive in respect to the reported financial year. For the current financial year, the main fringe benefits are related to car allowances, telephone, medical and other minor benefits 'in natura'. |
| One-year variable | Total value of annual bonus paid in cash to the senior executive as a result of the fulfilment of the predetermined performance criteria, where the time span does not exceed one year. |
| Multi-year variable | Total value of annual bonus due to the senior executive as a result of the fulfilment of the predetermined performance criteria, where the time span exceeds one year. For all senior executives, reported values solely concern share option expenses which are allocated over the service period assumed in the option programme. For more information regarding share-based payments, see note 6 in the annual report 2025. |
| Extraordinary items | Any other non-recurring remuneration, whether in cash or in other form, such as sign-on fees, retention bonus, redundancy payments and indemnity for non-competition or severance payments. |
| Pension expense | Senior executives are covered by the defined contribution pension plans in Norway, Sweden, and Finland, respectively. Pension expenses are the contributions that took place under the reported financial year to finance a fund for future pension pay-out for the senior executive. For more information regarding pensions, see note 17 in the annual report 2025. |
| Notice period | Period of time between the receipt of the letter of dismissal and the end of the last working day. Additionally, presented information includes any non-compete periods subsequent to the ordinary notice period, during which the senior executives will receive the basic salary and other remuneration and participate in the Group pension plan. |
| Accrued variable remuneration | Bonus expenses that were granted or awarded, but not yet materialised, during the reported financial year. |
Remuneration Report 2025
NRC Group
Table 1B - Remuneration of senior executives for the reported financial year
| Name, position | Employment period | Financial year | 1 Fixed remuneration | 2 Variable remuneration | 3 Extraordinary items | 4 Pension expense | 5 Total remuneration | 6 Proportion of fixed and variable remuneration | 7 Remuneration by component | 8 Notice period | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base salary | Fringe benefits | One-year variable | Multi-year variable | Fixed | Variable | ||||||||
| Anders Gustafsson, CEO | 1 Oct 2023 – | 2025 | 5 995 000 | 54 000 | 530 000 | 799 000 | 0 | 1 789 000 | 9 167 000 | 86 % | 14 % | NRC Group ASA | 6 months |
| 2024 | 5 246 000 | 36 000 | 0 | 21 000 | 0 | 655 000 | 5 958 000 | 100 % | 0 % | ||||
| Ásgeir Nord, CFO | 1 Aug 2024 – | 2025 | 2 548 000 | 66 000 | 250 000 | 469 000 | 0 | 229 500 | 3 562 500 | 80 % | 20 % | NRC Group ASA | 6 months |
| 2024 | 1 042 000 | 18 000 | 0 | 3 000 | 0 | 85 000 | 1 148 000 | 100 % | 0 % | ||||
| Ingvild Storås, EVP & MD NRC Group Norway | 1 Jan 2025 - 30 April 2026 | 2025 | 3 083 000 | 18 000 | 0 | 0 | 400 000* | 110 000 | 3 611 000 | 89 % | 11 % | NRC Norge AS | 6 months |
| 2024 | |||||||||||||
| Harri Lukkarinen, EVP & MD NRC Group Finland | 7 Jan 2019 – | 2025 | 4 097 000 | 0 | 0 | 520 000 | 0 | 354 000 | 4 971 000 | 90 % | 10 % | NRC Holding Finland Oy | 6 months |
| 2024 | 3 926 000 | 0 | 41 000 | 125 000 | 0 | 337 000 | 4 429 000 | 96 % | 4 % | ||||
| Tomas Johansson, EVP & MD NRC Group Sweden | 1 Sep 2024 – | 2025 | 3 251 000 | 231 000 | 0 | 469 000 | 0 | 840 000 | 4 791 000 | 90 % | 10 % | NRC Group Sverige AB | 6 months |
| 2024 | 956 000 | 80 000 | 0 | 3 000 | 0 | 150 000 | 1 189 000 | 100 % | 0 % | ||||
| Lene Engebretsen, EVP & Head of Strategy, Sustainability and Communications | 1 May 2020 – | 2025 | 2 291 000 | 14 000 | 0 | 495 000 | 0 | 231 000 | 3 031 000 | 84 % | 16 % | NRC Group ASA | 6 months |
| 2024 | 1 933 000 | 10 000 | 668 000 | 67 000 | 0 | 209 000 | 2 887 000 | 75 % | 25 % | ||||
| Marianne Ulland Kellmer, EVP & Head of People, Culture and Digitalisation | 1 aug 2022 – | 2025 | 2 281 000 | 30 000 | 0 | 492 000 | 0 | 234 000 | 3 037 000 | 84 % | 16 % | NRC Group ASA | 6 months |
| 2024 | 1 923 000 | 26 000 | 512 000 | 26 000 | 0 | 207 000 | 2 694 000 | 80 % | 20 % |
- Sign-on fee
Remuneration Report 2025
NRC Group
In addition to paid bonuses as shown in table 1B, senior executives are awarded cash bonuses for 2025 to be paid in 2026. The accrued variable cash bonus is based on financial results and the achievement of certain qualitative goals, including key performance indicators both for the Group's overall performance as well as local segment and individual performance. The bonuses have been evaluated and approved by the Board of Directors for the CEO and by the HR Committee for other senior executives. The Board believes that a performance-based bonus agreement for executive personnel had a motivational effect and therefore is beneficial for the Group and its shareholders in order to reach the financial results and the overall performance of the Group.
Table 1C – Accrued short-term bonus remuneration in the reported financial year
| Name, position | Performance criterion | Relative weight | Measured performance | Actual award | Awarded in % of base salary |
|---|---|---|---|---|---|
| Anders Gustafsson, CEO | Nordic results | 100 % | 100 % | 3 450 000 | 60 % |
| Åsgeir Nord, CFO | Nordic results | 70 % | 100 % | 1 334 000 | 49 % |
| Functional KPI's | 30 % | 90 % | |||
| Harri Lukkarinen, EVP & MD NRC Group Finland | Nordic results | 30 % | 100 % | 1 990 000 | 50 % |
| Country results | 70 % | 100 % | |||
| Tomas Johansson, EVP & MD NRC Group Sweden | Nordic results | 30 % | 100 % | 698 000 | 22 % |
| Country results | 70 % | 14 % | |||
| Lene Engebretsen, EVP & Head of Strategy, Sustainability and Communications | Nordic results | 70 % | 100 % | 1 200 000 | 50 % |
| Functional KPI's | 30 % | 100 % | |||
| Marianne Ulland Kellmer, EVP & Head of People, Culture and Digitalisation | Nordic results | 70 % | 100 % | 1 200 000 | 50 % |
| Functional KPI's | 30 % | 100 % |
Remuneration Report 2025
NRC Group
Share-based long-term incentive remuneration
Since 2016, the annual general meeting has resolved each year that options may be awarded to the senior executives. Options may be granted based on achievements of specific financial goals and some other criteria determined by the Board of Directors.
Senior executives are awarded share options based on financial and non-financial achievements, granted by the board upon their approval of the annual accounts. The weighted average fair value of options granted in 2025 was NOK 3.33 each. The share option expense is allocated over the service period assumed in the option program. For further information see note 7 in the Annual accounts. Table 2 includes the key elements and events throughout the reported financial year regarding the different share-based remuneration plans per senior executive.
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Remuneration Report 2025
NRC Group
Explanatory notes regarding Table 2
| Specification of plan | Specification of each share option plan in a way that allows identification of those plans. |
|---|---|
| Performance period | Period of time during which the performance goals must be met in order to determine the degree of vesting with respect to the share option. |
| Grant date | The date share options are given to the recipient. |
| Vesting period | The date the directors can exercise the options according to the terms of the share option plan. |
| Expiration date | Point of time the senior executive must decide whether to exercise or let the share option expire. |
| Strike price | Strike prices of the shares that each respective issuance of share options entitle to in consistency with the terms of the applicable plan. |
| Opening balance | Number of share options or shares held at the beginning of the reported financial year. |
| Share options awarded | Number of shares that have been awarded on the grant date under each applicable share option plan during the reported financial year. |
| Vested share options | Number of share options that have been vested in the vesting period (as presented in column 4) during the reported financial year. |
| Exercised share options | Number of share options used during the reported financial year to purchase NRC's common stock at the strike price of the share as presented in column 6, regardless of the stock's price at the time the senior executive exercises the option. |
| Cancelled share option | Number of share options cancelled due to the share option's terms and agreements no longer being valid. |
| Share options subject to a performance condition | Number of share options still subject to a performance condition. |
| Exercisable share options | Number of share options that have been awarded on a grant date as presented in column 3 during the reported or previous financial years and which are vested at the end of the reported financial year. |
Remuneration Report 2025
NRC Group
Table 2 - Granted options to senior executives for the reported financial year
| Name, position | Main terms for the option plan | Information regarding the current financial year | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening balance | During the year | Closing balance | ||||||||||||
| 1 Specification of plan | 2 Performance period | 3 Grant date | 4 Vesting period | 5 Expiration date | 6 Strike price of the share in NOK | 7 Share options awarded at the beginning of the year | 8 Share options awarded | 9 Vested share options | 10 Expired share options | 11 Exercised share options | 12 Cancelled share options | 13 Share options subject to a performance condition | 14 Exercisable Share options | |
| Anders Gustafsson, CEO | Agreement 2023 | 36 months | 02.04.2024 | 1/3 per year | 02.04.2027 | 11,42 | 10 000 | 0 | 3 333 | 0 | 0 | 0 | 3 333 | 6 667 |
| Agreement 2024 | 36 months | 19.11.2024 | 3 years | 31.12.2028 | 3,46 | 100 000 | 0 | 0 | 0 | 0 | 0 | 100 000 | 0 | |
| Agreement 2025 | 36 months | 27.06.2025 | 3 years | 01.04.2029 | 4,90 | 0 | 1 000 000 | 0 | 0 | 0 | 0 | 1 000 000 | 0 | |
| Åsgeir Nord, CFO | Agreement 2024 | 36 months | 19.11.2024 | 3 years | 31.12.2028 | 3,46 | 50 000 | 0 | 0 | 0 | 0 | 0 | 50 000 | 0 |
| Agreement 2025 | 36 months | 27.06.2025 | 3 years | 01.04.2029 | 4,90 | 0 | 600 000 | 0 | 0 | 0 | 0 | 600 000 | 0 | |
| Harri Lukkarinen, EVP & MD NRC Group Finland | Agreement 2021 | 36 months | 16.03.2022 | 1/3 per year | 16.03.2025 | 17,7 | 66 000 | 0 | 22 000 | 66 000 | 0 | 0 | 0 | 0 |
| Agreement 2022 | 36 months | 20.03.2023 | 1/3 per year | 20.03.2026 | 20,04 | 42 000 | 0 | 14 000 | 0 | 0 | 0 | 0 | 42 000 | |
| Agreement 2023 | 36 months | 02.04.2024 | 1/3 per year | 02.04.2027 | 11,42 | 15 000 | 0 | 5 000 | 0 | 0 | 0 | 5 000 | 10 000 | |
| Agreement 2024 | 36 months | 19.11.2024 | 3 years | 31.12.2028 | 3,46 | 50 000 | 0 | 0 | 0 | 0 | 0 | 50 000 | 0 | |
| Agreement 2025 | 36 months | 27.06.2025 | 3 years | 01.04.2029 | 4,90 | 0 | 600 000 | 0 | 0 | 0 | 0 | 600 000 | 0 | |
| Tomas Johansson, EVP & MD NRC Group Sweden | Agreement 2024 | 36 months | 19.11.2024 | 3 years | 31.12.2028 | 3,46 | 50 000 | 0 | 0 | 0 | 0 | 0 | 50 000 | 0 |
| Agreement 2025 | 36 months | 27.06.2025 | 3 years | 01.04.2029 | 4,90 | 0 | 600 000 | 0 | 0 | 0 | 0 | 600 000 | 0 | |
| Lene Engebretsen, EVP & Head of Strategy, Sustainability and Communications | Agreement 2021 | 36 months | 16.03.2022 | 1/3 per year | 16.03.2025 | 17,7 | 35 000 | 0 | 11 667 | 35 000 | 0 | 0 | 0 | 0 |
| Agreement 2022 | 36 months | 20.03.2023 | 1/3 per year | 20.03.2026 | 20,04 | 10 000 | 0 | 3 333 | 0 | 0 | 0 | 0 | 10 000 | |
| Agreement 2023 | 36 months | 02.04.2024 | 1/3 per year | 02.04.2027 | 11,42 | 10 000 | 0 | 3 333 | 0 | 0 | 0 | 3 333 | 6 667 | |
| Agreement 2024 | 36 months | 19.11.2024 | 3 years | 31.12.2028 | 3,46 | 50 000 | 0 | 0 | 0 | 0 | 0 | 50 000 | 0 | |
| Agreement 2025 | 36 months | 27.06.2025 | 3 years | 01.04.2029 | 4,90 | 0 | 600 000 | 0 | 0 | 0 | 0 | 600 000 | 0 | |
| Ingvild Storås EVP & MD NRC Group Norway | Agreement 2025 | 36 months | 27.06.2025 | 3 years | 01.04.2029 | 4,90 | 0 | 600 000 | 0 | 0 | 0 | 600 000 | 0 | 0 |
| Marianne Ulland Kellmer, EVP & Head of People, Culture and Digitalisation | Agreement 2022 | 36 months | 20.03.2023 | 1/3 per year | 20.03.2026 | 20,04 | 4 000 | 0 | 1 333 | 0 | 0 | 0 | 0 | 4 000 |
| Agreement 2023 | 36 months | 02.04.2024 | 1/3 per year | 02.04.2027 | 11,42 | 10 000 | 0 | 3 333 | 0 | 0 | 0 | 3 333 | 6 667 | |
| Agreement 2024 | 36 months | 19.11.2024 | 3 years | 31.12.2028 | 3,46 | 50 000 | 0 | 0 | 0 | 0 | 0 | 50 000 | 0 | |
| Agreement 2025 | 36 months | 27.06.2025 | 3 years | 01.04.2029 | 4,90 | 0 | 600 000 | 0 | 0 | 0 | 0 | 600 000 | 0 |
552 000 4 600 000 67 333 101 000 0 600 000 4 365 000 86 000
Remuneration Report 2025
NRC Group
Comparative information on the change of remuneration and company performance
A summary of the development in the executive remuneration, the Company's performance, and average remuneration on a full-time equivalent basis of employees of the company other than senior executives, over the five most recent financial years is shown in the table 3 below.
Senior executives' remuneration and directors' fees presented in table 3 concern all senior executives who performed their mandate under the reported financial year. The amounts to be compared are the total amounts of remuneration presented in column 3 in table 1A and column 5 in table 1B respectively.
For calculating the annual change of remuneration for a senior executive whose mandate began or ended during the reported financial year, the respective remuneration has not been annualised. Necessary information on the employment period can be retrieved from tables 1A and 1B.
When calculating the average remuneration on a full-time equivalent basis of employees of the company other than senior executives, NRC Group included employees of the entire group of companies. Average remuneration is calculated by dividing consolidated salary and pension expenses which are reduced with the total remuneration paid to the senior executives, by the full time equivalent of the Group's employees other than the full time equivalent for the Group's senior executives.
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Remuneration Report 2025
NRC Group
Table 3 – Comparative information on the change of remuneration and company performance over the last five reporting financial years
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Directors' remuneration | |||||
| Anders Gustafsson, CEO | 1 834 000 | 5 958 000 | 9 167 000 | ||
| % change | NA | 225 % | 54 % | ||
| Åsgeir Nord, CFO | 1 148 000 | 3 562 500 | |||
| % change | NA | 210 % | |||
| Ingvild Storås, EVP & MD NRC Group Norway | 3 611 000 | ||||
| % change | NA | ||||
| Harri Lukkarinen, EVP & MD NRC Group Finland | 4 063 000 | 5 226 806 | 4 989 000 | 4 429 000 | 4 971 000 |
| % change | 29 % | -5 % | -11 % | 12 % | |
| Tomas Johansson, EVP & MD NRC Group Sweden | 1 189 000 | 4 791 000 | |||
| % change | NA | 303 % | |||
| Lene Engebretsen, EVP & Head of Strategy, Sustainability and Communications | 1 735 000 | 2 150 000 | 2 202 000 | 2 887 000 | 3 031 000 |
| % change | 24 % | 2 % | 31 % | 5 % | |
| Marianne Ulland Kellmer, EVP & Head of People, Culture and Digitalisation | 709 575 | 1 969 792 | 2 694 000 | 3 037 000 | |
| % change | NA | 178 % | 37 % | 13 % | |
| FTE Executive personnel | 8 | 8 | 7 | 6 | 7 |
| Board of Directors remuneration | |||||
| Rolf Jansson, Chair of the BoD | 425 000 | 640 000 | 700 000 | 770 000 | 603 750 |
| % change | 51 % | 9 % | 10 % | -22 % | |
| Mats Williamson, Board member | 350 000 | 375 000 | 415 000 | 567 000 | 370 125 |
| % change | 7 % | 11 % | 37 % | -35 % | |
| Tove Elisabeth Pettersen, Board member | 350 000 | 375 000 | 415 000 | 453 000 | 370 125 |
| % change | 7 % | 11 % | 9 % | -18 % | |
| Eva Nygren, Board member | 325 000 | 325 000 | 355 000 | 390 000 | 307 125 |
| % change | 9 % | 10 % | -21 % | -21 % | |
| Outi Henriksson, Board member | 75 000 | 350 000 | 385 000 | 422 000 | 526 125 |
| % change | 367 % | 10 % | 10 % | 25 % | |
| Heikki Allonen, Board member | 75 000 | 350 000 | 385 000 | 422 000 | 338 625 |
| % change | 367 % | 10 % | 10 % | -20 % | |
| Karin Bing Orgland, Board Member | 75 000 | 385 000 | 453 000 | 370 125 | |
| % change | 413 % | 18 % | -18 % |
Remuneration Report 2025
NRC Group
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Martin Mæland, Chair of the BoD | ○ | ○ | ○ | 375 000 | |
| % change | NA | ||||
| Ståle Rodahl, Board Member | 187 500 | ||||
| % change | NA | ||||
| Stine Undrum, Board Member | 187 500 | ||||
| % change | NA | ||||
| Espen Almlid, Board Member | 187 500 | ||||
| % change | NA | ||||
| 2021 | 2022 | 2023 | 2024 | 2025 | |
| --- | --- | --- | --- | --- | --- |
| Company performance | |||||
| Net profit for the year - NRC Group | -27 000 000 | -364 000 000 | 37 000 000 | -1 000 000 000 | 25 000 000 |
| Average remuneration on a full-time equivalent basis of employees | |||||
| Based on FTE - Employees of the Group | 703 706 | 739 100 | 834 900 | 905 133 | 1 056 141 |
| % change | 5 % | 13 % | 8 % | 17 % |
Remuneration Report 2025
NRC Group
The Board of Directors of NRC Group ASA
Lysaker, 26 March 2026
Martin Mæland
Chairman of the Board
Stine Undrum
Board member
Espen Almlid
Board member
Outi Henriksson
Board member
Ståle Rodahl
Board member
Anders Gustafsson
CEO NRC Group ASA
The report has been signed electronically.
16
EY
Shape the future with confidence
Statsautoriserte revisorer
Ernst & Young AS
Stortorvet 7, 0155 Oslo
Postboks 1156 Sentrum, 0107 Oslo
Foretaksregisteret: NO 976 389 387 MVA
Tlf: +47 24 00 24 00
www.ey.no Medlemmer av Den norske Revisorforening
To the General Meeting in NRC Group ASA
INDEPENDENT AUDITOR'S ASSURANCE REPORT ON REMUNERATION REPORT
Opinion
We have performed an assurance engagement to obtain reasonable assurance that NRC Group ASA's report on salary and other remuneration to directors (the remuneration report) for the financial year ended 31 December 2025 has been prepared in accordance with section 6-16 b of the Norwegian Public Limited Liability Companies Act and the accompanying regulation.
In our opinion, the remuneration report has been prepared, in all material respects, in accordance with section 6-16 b of the Norwegian Public Limited Liability Companies Act and the accompanying regulation.
Board of directors' responsibilities
The board of directors is responsible for the preparation of the remuneration report and that it contains the information required in section 6-16 b of the Norwegian Public Limited Liability Companies Act and the accompanying regulation and for such internal control as the board of directors determines is necessary for the preparation of a remuneration report that is free from material misstatements, whether due to fraud or error.
Our independence and quality control
We are independent of the company in accordance with the requirements of the relevant laws and regulations in Norway and the International Ethics Standards Board for Accountants' International Code of Ethics for Professional Accountants (including International Independence Standards) (IESBA Code), and we have fulfilled our other ethical responsibilities in accordance with these requirements. The firm applies International Standard on Quality Management, 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.
Auditor's responsibilities
Our responsibility is to express an opinion on whether the remuneration report contains the information required in section 6-16 b of the Norwegian Public Limited Liability Companies Act and the accompanying regulation and that the information in the remuneration report is free from material misstatements. We conducted our work in accordance with the International Standard for Assurance Engagements (ISAE) 3000 – "Assurance engagements other than audits or reviews of historical financial information".
We obtained an understanding of the remuneration policy approved by the general meeting. Our procedures included obtaining an understanding of the internal control relevant to the preparation of the remuneration report in order to design procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control. Further we performed procedures to ensure completeness and accuracy of the information provided in the remuneration report, including whether it contains the information required by the law and accompanying regulation. We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Oslo, 13 April 2026
ERNST & YOUNG AS
The auditor's assurance report is signed electronically
Asbjørn Ler
State Authorised Public Accountant (Norway)
A member firm of Ernst & Young Global Limited
PENN30
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Asbjørn Ler
State Authorised Public Accountant (Norway)
Serienummer: bankid.no no_bankid:9578-5997-4-395226
IP: 147.161.xxx.xxx
2026-04-13 13:40:11 UTC
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