Annual reports
VTT is a Finnish non-profit limited liability company owned by the state. The company falls within the mandate of the Ministry of Employment and the Economy. According to the law VTT is an independent and impartial research organisation. We operate as a research, development and innovation partner to help the society and companies to grow through technological innovations. In our annual and sustainability reports, we describe how we have achieved our targets each year. In addition, you can learn about our activities in the annexes Tax footprint, management and control, and Financial statement (in Finnish, we are sorry!). The salary and remuneration report is part of the Tax footprint, management and control annex.
VTT's year 2025: Greetings from the President & CEO
VTT aims to create impact by supporting Finland’s growth opportunities CEO’s review
Finland’s growth cannot be achieved without long-term investment in research and innovation. VTT’s role is to accelerate Finland’s growth by creating start-ups and supporting scale-ups, renewing industry and strengthening resilience. It is encouraging to see that start-ups and technologies originating from research are also finding their way into industrial production and new investments.
VTT had a lot of success stories during the year. We cooperated with IQM to develop the largest quantum computer ever built in Europe, we were involved in six European Defence Fund projects and participated extensively in EU projects. VTT-originating startups attracted around EUR 400 million of equity funding in total in 2025.
Kalle Härkki
President & CEO
VTT's annual report 2025
VTT's annual report 2024
Annual and sustainability report 2024 (pdf)
Tax footprint, management and control 2024 (pdf)
Financial statement 2024 (pdf, in Finnish)
VTT's annual report 2023
Annual and sustainability report 2023 (pdf)
Tax footprint, management and control 2023 (pdf)
Financial statement 2023 (pdf, in Finnish)
VTT's annual report 2022
Annual and sustainability report 2022 (pdf)
Tax footprint, management and control 2022 (pdf)
Financial statement 2022 (pdf, in Finnish)
VTT's annual report 2021
Annual report 2021 (pdf)
Tax footprint, management and control 2021 (pdf)
Financial statement 2021 (pdf, in Finnish)
VTT's annual report 2020
Annual report 2020 (pdf)
Tax footprint, management and control 2020 (pdf)
Financial statement 2020 (pdf, in Finnish)
VTT's annual report 2019
Annual report 2019 (pdf)
Tax footprint, management and control 2019 (pdf)
Financial statement 2019 (pdf, in Finnish)
VTT's annual report 2018
- Annual report 2018 (pdf)
- Tax footprint, management and control 2018 (pdf)
- Financial statement 2018 (pdf, in Finnish)
VTT Review 2017
VTT Review 2016
- VTT Review 2016 (pdf)
- Finance and personnel 2016 (pdf)
VTT Review 2015
- VTT Review 2015 (pdf)
- Finance and personnel (pdf)
VTT Review 2014
- VTT Review 2014 (pdf)
VTT Review 2013
- VTT Review 2013 (pdf)
VTT Review 2012
- VTT Review 2012 (pdf)
VTT Review 2011
- VTT Review 2011 (pdf)