Expenses are allocated to the financial year to which they relate.
|
€ Million |
2025 |
2024 |
|
Salaries |
475 |
417 |
|
Social security contributions |
62 |
54 |
|
Pension costs |
55 |
50 |
|
External staff |
185 |
182 |
|
Charges to/release from employee-related provisions |
4 |
3 |
|
Other employee-related expenses |
37 |
35 |
|
Total |
818 |
741 |
The development of the workforce in 2025 can be specified as follows:
|
2025 |
2024 |
|
|
Own staff |
6,326 |
5,734 |
|
External staff with temporary employment |
1,124 |
1,215 |
|
Total FTE at year-end |
7,450 |
6,949 |
The average number of FTEs in 2025 amounted to 7,204 (2024: 6,693). Enexis has no employees working outside the Netherlands.
Employee benefit expenses increased by €77 million to €818 million in 2025. This increase is the balance of a €74 million increase in expenses for internal personnel and a €3 million increase for external personnel.
The increase in employee benefit expenses for internal personnel compared to 2024 was due to the increase in FTEs, regular salary increases, and a collective bargaining agreement increase of 3% as of 1 January 2025 and 2% as of 1 July 2025.
The costs for external hires increased by €3 million. This concerns a combination of tariff increases and a decrease in the number of external FTE hires in 2025 compared to 2024.
Pension obligations
Enexis employees participate in the pension scheme of Stichting Pensioenfonds ABP (the Dutch pension fund for employees in the government, public, and education sectors). ABP may increase pensions if the current funding ratio exceeds 110% and the policy funding ratio exceeds 105%.
At the end of 2025, the coverage ratio of pension fund ABP amounted to 122% (end of 2024: 112%). This is above the 110% minimum set by the government. The policy coverage ratio is the average of the preceding 12 actual monthly coverage ratios and was 117% at the end of November 2025.
Based on the policy coverage ratios, ABP has decided to increase pensions by 2.84% from 1 January 2026.
The contribution for retirement and surviving dependents’ pension will remain at 27.1% in 2026. The employer pays 18.97% and the employee 8.13% of the pension contribution.
As Enexis does not have access to the necessary specific information, these schemes are treated as defined contribution plans, and the pension contributions due for the financial year are recognised in the financial statements as pension costs.