This section provides details on the various commitments and contingencies as well as information about associated companies, acquisitions, and legal subsidiaries including the Group companiesʼ shareholdings.
Operating lease payments are charged to income (CHF 40.4 million in 2024/25 and CHF 42.8 million in 2023/24) on a straight-line basis over the lease term. The following table shows the future minimum lease payments resulting from non-cancellable operating leases:
|
CHF million |
|
Financial year ended 30.06.2025 |
|
Financial year ended 30.06.2024 |
|
Future payment commitments for operating leases |
|
175.9 |
|
171.7 |
|
Up to 1 year |
|
39.2 |
|
38.9 |
|
2 to 5 years |
|
93.9 |
|
83.1 |
|
Over 5 years |
|
42.8 |
|
49.7 |
Operating lease commitments mainly refer to the lease of buildings used for operational purposes.
|
CHF million |
|
Financial year ended 30.06.2025 |
|
Financial year ended 30.06.2024 |
|
Current endorsement liabilities |
|
2.0 |
|
1.1 |
|
Investments committed to purchase from third parties: |
|
|
|
|
|
Property, plant, and equipment |
|
13.6 |
|
9.2 |
|
Intangible assets |
|
0.1 |
|
0.4 |
|
CHF million |
|
Financial year ended 30.06.2025 |
|
Financial year ended 30.06.2024 |
|
Investments in associates at the end of the period |
|
0.3 |
|
0.0 |
|
Increase of investments in associates |
|
0.4 |
|
0.0 |
|
Sale of investments in associates |
|
0.0 |
|
–1.0 |
|
Share of profit (loss) |
|
–0.1 |
|
0.1 |
|
Investments in associates at the beginning of the period |
|
0.0 |
|
0.9 |
|
Result from associates |
|
–0.1 |
|
11.6 |
|
Share of profit (loss) |
|
–0.1 |
|
0.1 |
|
Profit (loss) from sale of investments in associates |
|
0.0 |
|
11.5 |
dormakaba Access Solutions (China) Ltd. signed an agreement on 3 April 2025 to form a joint venture with Guangdong Kinlong Precision Products Co., Ltd., a subsidiary of Guangdong Kinlong Hardware Products Co., Ltd. (“Kinlong”). Kinlong is the leading Chinese construction and architectural hardware company. Through this joint venture, dormakaba enhances its go-to-market in the strongly growing Chinese hospitality vertical.
The following table summarizes all considerations paid for businesses, as well as the assets and liabilities acquired and recognized at fair value as at the acquisition date for the 2024/25 financial year and 2023/24 in comparison.
|
CHF million |
|
Financial year ended 30.06.2025 |
|
Financial year ended 30.06.2024 |
|
|
|
Total |
|
Total |
|
Total consideration |
|
5.9 |
|
–2.1 |
|
Cash paid |
|
2.9 |
|
4.2 |
|
Deferred payment |
|
2.9 |
|
–6.3 |
|
Acquisition-related costs |
|
0.1 |
|
0.0 |
|
Identifiable assets and liabilities |
|
1.3 |
|
0.0 |
|
Cash and cash equivalents |
|
0.3 |
|
0.0 |
|
Trade receivables |
|
1.0 |
|
0.0 |
|
Inventories |
|
0.3 |
|
0.0 |
|
Other current assets |
|
–0.2 |
|
0.0 |
|
Property, plant, and equipment |
|
0.7 |
|
0.0 |
|
Trade payables |
|
–0.2 |
|
0.0 |
|
Current income tax liabilities |
|
–0.2 |
|
0.0 |
|
Accrued and other current liabilities |
|
–0.4 |
|
0.0 |
|
Goodwill 1 |
|
4.6 |
|
–2.1 |
1 Goodwill is capitalized or adjusted within intangible assets and disclosed in note on property, plant, and equipment/intangible assets (2.3).
In the period reported, dormakaba acquired Montagebedrijf Van den Berg B.V. (“Van den Berg”) in Bunschoten (NL) as per 1 January 2025. Van den Berg contributed CHF 2.6 million to net sales in the financial year ended 30 June 2025 and generated net sales of CHF 2.9 million from 1 July 2024 until the acquisition date.
In the previous year, no acquisitions were made. The change in deferred payments of CHF 6.3 million is related to acquisitions from previous years. Of this amount, CHF 4.2 million was paid out, while CHF 2.1 million was recorded against goodwill. Goodwill is capitalized within intangible assets and disclosed in the note on property, plant, and equipment/intangible assets (2.3).
|
CHF million |
|
Financial year ended 30.06.2025 |
|
Financial year ended 30.06.2024 |
|
|
|
Total |
|
Total |
|
Total consideration |
|
2.4 |
|
0.1 |
|
Cash consideration |
|
1.3 |
|
0.1 |
|
Deferred expenses/payment |
|
2.6 |
|
0.0 |
|
Divestment-related costs |
|
–1.5 |
|
0.0 |
|
Assets and liabilities divested |
|
4.5 |
|
1.1 |
|
Cash and cash equivalents |
|
0.6 |
|
0.2 |
|
Trade receivables |
|
2.2 |
|
0.0 |
|
Inventories |
|
2.5 |
|
0.0 |
|
Other current assets |
|
0.7 |
|
0.0 |
|
Property, plant, and equipment |
|
1.7 |
|
0.0 |
|
Intangible assets |
|
0.0 |
|
1.5 |
|
Deferred income tax assets |
|
0.1 |
|
0.0 |
|
Trade payables |
|
–1.6 |
|
–0.1 |
|
Accrued and other current liabilities |
|
–1.1 |
|
0.0 |
|
Non-current borrowings |
|
–0.4 |
|
0.0 |
|
Deferred income tax liabilities |
|
–0.2 |
|
–0.5 |
|
Effects from divestments |
|
–2.1 |
|
–1.0 |
|
Amortization on goodwill |
|
0.6 |
|
0.2 |
|
Result from sale of subsidiaries 1 |
|
–2.7 |
|
–1.2 |
1 Included in other operating expenses and disclosed in note on other operating expenses (1.4).
dormakaba divested the Kuwait entity dormakaba Kuwait for Ready Made Windows LLC to the local management team as per 19 February 2025. The business contributed CHF 1.3 million to net sales in the current financial year and generated net sales of CHF 3.3 million in the financial year ended 30 June 2024.
dormakaba divested the South African entity dormakaba South Africa (Pty) Ltd to the local management team as per 31 December 2024. The business contributed CHF 4.5 million to net sales in the current financial year and generated net sales of CHF 8.5 million in the financial year ended 30 June 2024.
dormakaba divested the Entrance System Automatics (ESA) Service Business in the United Kingdom as per 30 November 2024. The service business contributed CHF 8.0 million to net sales in the current financial year and generated net sales of CHF 20.4 million in the financial year ended 30 June 2024.
In the previous year, no material divestments were made.