Consolidated cash flow statement

CHF million	Note	Financial year ended 30.06.2026	Financial year ended 30.06.2025
Net profit		185.2	188.0
Depreciation and amortization	2.3	109.2	103.6
Income tax expenses	1.6	64.2	65.3
Interest expenses	1.5	32.4	33.9
Interest income	1.5	–2.0	–2.8
(Gain) Loss on disposal of fixed assets, net		–0.4	–7.5
Adjustment for other non-cash and non-operational items		9.4	13.1
Change in trade receivables		–22.9	–17.6
Change in inventories		10.2	–18.7
Change in other current assets		–6.9	–4.3
Change in trade payables		23.4	18.7
Change in accrued pension and other employee benefits		–7.9	–4.0
Change in provisions, accrued and other current liabilities		–34.0	–13.8
Cash generated from operations		359.9	353.9
Income taxes paid		–43.8	–63.8
Interest paid		–28.3	–28.4
Interest received		1.9	2.8
Net cash from operating activities		289.7	264.5
Cash flows from investing activities
Additions of property, plant, and equipment	2.3	–80.1	–71.4
Proceeds from sale of property, plant, and equipment	2.3	2.3	19.5
Additions of intangible assets	2.3	–49.0	–35.7
Change in non-current financial assets		–10.4	–0.5
Acquisition of subsidiaries, net of cash acquired	4.3	–77.0	–2.7
Sale of subsidiaries, net of cash sold	4.3	0.9	–0.8
Acquisition of associates and joint ventures	4.2	0.0	–0.4
Sale of investment in associates and joint ventures	4.2	0.0	0.8
Net cash used in investing activities		–213.3	–91.2
Cash flows from financing activities
Repayment of bond	3.1	–320.0	0.0
New bonds issued	3.1	0.0	199.3
Other proceeds from (repayment of) current borrowings, net	3.1	23.8	24.9
Proceeds from (repayment of) non-current borrowings, net	3.1	–3.0	–0.9
Change in other non-current liabilities		0.3	–0.2
Dividends paid to company’s shareholders	3.3	–38.4	–33.5
Dividends paid to minority shareholders		–28.5	–30.4
(Purchase) Sale of treasury shares	3.2	–8.0	–25.9
Net cash flows from financing activities		–373.8	133.3
Translation exchange differences		1.4	–11.9
Net increase (decrease) in cash and cash equivalents		–296.0	294.7
Cash and cash equivalents at beginning of period		445.1	150.4
Cash and cash equivalents at end of period		149.1	445.1
Net increase (decrease) in cash and cash equivalents		–296.0	294.7