Reported Earnings • Jul 26
Second quarter 2026 earnings released: EPS: €1.00 (vs €0.05 loss in 2Q 2025) Second quarter 2026 results: EPS: €1.00 (up from €0.05 loss in 2Q 2025). Revenue: €5.99b (up 33% from 2Q 2025). Net income: €765.0m (up €801.0m from 2Q 2025). Profit margin: 13% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. New Risk • Jul 24
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 6.3% per year for the foreseeable future. Announcement • Jun 29
Technip Energies, Alterra and Neste Launch Nerea, a Standardized Modular Solution for Plastic Chemical Recycling Technip Energies, Alterra and Neste announced the commercial launch of Nerea™, a new type of industrial offering designed to accelerate the deployment of chemical recycling projects for plastic waste. By transitioning from bespoke engineering to a standardized product model, Nerea™ enables waste operators, project developers, refining and petrochemical players to scale circular plastic production with enhanced predictability. Nerea™ addresses this challenge by building on the collaboration agreement signed by Technip Energies, Alterra and Neste in November 2024 and bringing together Alterra’s thermochemical liquefaction technology, Neste’s chemical recycling expertise, and Technip Energies’ engineering, project delivery and modularization capabilities. Alterra’s technology has demonstrated more than five years of continuous commercial operation, processing real-world plastic waste streams. Nerea™ has a standardized, modular design that minimizes pre-investment and reduces project complexity, while providing greater certainty in terms of cost and schedule. Designed for rapid deployment across various industrial environments, the Nerea™ plant converts heterogeneous and hard-to-recycle plastic waste into high-quality feedstock for the petrochemical industry. Announcement • Jun 12
Neste Corporation Announces Board Changes The following members have been appointed to the Shareholders' Nomination Board of Neste Corporation: Director General Maija Strandberg of the Ownership Steering Department in the Prime Minister s Office of Finland, as the Chair, and EVP, Investments Annika Ekman of Ilmarinen Mutual Pension Insurance Company and Senior Vice President, Investments Timo Sallinen of Varma Mutual Pension Insurance Company, as its members. Pasi Laine, the Chair of Neste's Board of Directors, acts as an expert to the Nomination Board.
The Shareholders Nomination Board is responsible for preparing and presenting proposals to the Annual General Meeting concerning Board members as well as the remuneration and the number of Board members. The Nomination Board shall forward its proposals to Neste s Board of Directors by 31 January 2027. Declared Dividend • Mar 10
Dividend of €0.20 announced Shareholders will receive a dividend of €0.20. Ex-date: 26th March 2026 Payment date: 7th April 2026 Dividend yield will be 0.9%, which is lower than the industry average of 4.5%. Payout Ratios Payout ratio: 107%. Cash payout ratio: 19%. Announcement • Mar 05
Neste Corporation Announces Management Changes, Effective 1 April 2026 Neste Corporation appointed new leadership team members as part of an organizational change that primarily affects the company's Renewable Products business. As of 1 April 2026, Renewable Products commercial, refining, and feedstock sourcing and trading will be represented in Neste's leadership team. At the same time, Neste will establish a Renewable Products, North America business unit, responsible for all renewable products business in North America, including regional feedstock and commercial operations as well as Martinez joint venture. From 1 April 2026 onwards, Neste's leadership team members will consist of Heikki Malinen, President and CEO, and the following leadership team members, who will all report to the President and CEO: Jori Sahlsten, Executive Vice President, Oil Products business area; Artturi Mikkola, Senior Vice President, Renewable Products Feedstock Sourcing and Trading; Jukka Kanerva, Senior Vice President, Renewable Products Refining; Carl Nyberg, Senior Vice President, Renewable Products Commercial; N.N., President, Renewable Products, North America (Carl Nyberg as interim); Markku Korvenranta, Executive Vice President and Chief Operating Officer (COO); Eeva Sipilä, Chief Financial Officer (CFO); Hannele Jakosuo-Jansson, Executive Vice President, People & Culture. These changes will not affect Neste's financial reporting segments. Announcement • Feb 07
Neste Corporation Appoints Jukka Siukosaari as Senior Vice President, Public Affairs and Geopolitics, Effective June 1, 2026 Neste Corporation has appointed Jukka Siukosaari, MSc (Econ.), as Senior Vice President, Public Affairs and Geopolitics, effective June 1, 2026. He will report to Heikki Malinen, President and CEO of Neste and be a member of Neste’s Extended Leadership Team. Siukosaari will join Neste from the Ministry of Foreign Affairs where he currently serves as Ambassador of Finland to the Kingdom of Denmark. Previously he has served as Finland’s ambassador to the United Kingdom, Japan and Argentina as well as the Permanent Representative to the IMO (International Maritime Organization). From 2018 to 2021 he was Chief of Staff at the Office of the President of the Republic of Finland. Announcement • Oct 29
Neste Oyj Announces Guidance Unchanged for 2025 Neste Oyj announced guidance unchanged. for 2025 For the year, the company expected renewable products' sales volumes in 2025 are expected to be higher than in 2024. Oil Products' sales volumes in 2025 are expected to be higher than in 2024. Announcement • Jun 09
Neste Corporation Appoints Members to Shareholders' Nomination Board Neste Corporation has appointed the following members to the Shareholders' Nomination Board: Director General Maija Strandberg of the Ownership Steering Department in the Prime Minister's Office of Finland, as the Chair, and Senior Vice President, Investments Timo Sallinen of Varma Mutual Pension Insurance Company and Head of Equities Annika Ekman of Ilmarinen Mutual Pension Insurance Company, as its members. Pasi Laine, the Chair of Neste's Board of Directors, acts as an expert to the Nomination Board. According to the Charter for the Shareholders' Nomination Board, the members represent the company's three largest shareholders. Shareholders entitled to elect members to the Nomination Board are determined annually on the basis of the shareholders' register as of the first banking day in June. The Shareholders' Nomination Board is responsible for preparing and presenting proposals to the Annual General Meeting concerning Board members and the number of Board members. The Nomination Board shall forward its proposals to Neste's Board of Directors by January 31, 2026. Announcement • Mar 26
Neste Oyj Elects Members of Its Two Committees Neste Oyj convening after the Annual General Meeting on March 25, 2025, announced that the Board of Directors elected the members of its two Committees. Pasi Laine was elected as Chair and Nick Elmslie, Conrad Keijzer and Sari Mannonen as members of the Personnel and Remuneration Committee. Essimari Kairisto was elected as Chair and John Abbott, Anna Hyvönen and Just Jansz as members of the Audit Committee. Announcement • Mar 25
Neste Corporation Approves Dividend for the Year 2024, Payable on 3 April 2025 Neste Corporation announced that at its AGM held on 25 March 2025, approved the board of directors' proposal that a dividend of EUR 0.20 per share will be paid on the basis of the approved balance sheet for 2024. The dividend will be paid to shareholders registered in the shareholders' register of the company maintained by Euroclear Finland Oy on the record date of the dividend payment, which shall be 27 March 2025. The dividend will be paid on 3 April 2025. Upcoming Dividend • Mar 19
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 26 March 2025. Payment date: 03 April 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Swiss dividend payers (4.0%). Lower than average of industry peers (6.6%). Declared Dividend • Feb 19
Final dividend of €0.20 announced Shareholders will receive a dividend of €0.20. Ex-date: 26th March 2025 Payment date: 3rd April 2025 Dividend yield will be 8.9%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. New Risk • Feb 14
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 210% Paying a dividend despite having no free cash flows. Board Change • Feb 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 1 highly experienced director. Independent Director Nick Elmslie was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Jun 14
Neste Corporation Announces Resignation of Heikki Malinen as Member of the Board of Directors Neste Corporation announced Heikki Malinen, a member of the board of directors of the company has announced his resignation from the board of the company as of 13 June 2024. The reason for the resignation is his appointment as Neste’s President and CEO as of 2 November 2024, at the latest. After Malinen’s resignation Neste’s Board comprises nine members. Announcement • Nov 09
Neste Oyj (HLSE:NESTE) acquired additional 29% stake in Neste Demeter B.V. Neste Oyj (HLSE:NESTE) acquired additional 29% stake in Neste Demeter B.V. on November 8, 2023. After this transaction Neste Oyj (HLSE:NESTE) Holds 80% stake in Neste Demeter B.V. Neste has also agreed to acquire the remaining shares of Neste Demeter B.V. over the next few years as agreed with the minority shareholders.
Neste Oyj (HLSE:NESTE) completed the acquisition of additional 29% stake in Neste Demeter B.V. on November 8, 2023. 
