Consolidated cash flow statement

CHF million

 

Reporting half-year ended 31.12.2025

 

Reporting half-year ended 31.12.2024

Net profit

 

77.4

 

96.7

Depreciation and amortization

 

52.4

 

50.9

Income tax expenses

 

33.1

 

34.0

Interest expenses

 

16.8

 

16.8

Interest income

 

–0.8

 

–1.3

(Gain) Loss on disposal of fixed assets, net

 

–0.5

 

–7.3

Adjustment for other non-cash and non-operational items

 

6.0

 

4.6

Change in trade receivables

 

45.1

 

37.9

Change in inventories

 

–11.5

 

–43.7

Change in other current assets

 

–28.9

 

–3.3

Change in trade payables

 

–34.3

 

–9.9

Change in accrued pension and other employee benefits

 

–1.6

 

3.4

Change in provisions, accrued and other current liabilities

 

–60.3

 

–40.8

Cash generated from operations

 

92.9

 

138.0

Income taxes paid

 

–37.4

 

–35.4

Interest paid

 

–20.1

 

–23.5

Interest received

 

0.8

 

1.2

Net cash from operating activities

 

36.2

 

80.3

Cash flows from investing activities

 

 

 

 

Additions of property, plant, and equipment

 

–38.5

 

–31.5

Proceeds from sale of property, plant, and equipment

 

0.8

 

13.9

Additions of intangible assets

 

–20.5

 

–13.4

Change in non-current financial assets

 

–4.0

 

1.6

Acquisition of subsidiaries, net of cash acquired

 

–12.5

 

0.0

Sale of subsidiaries, net of cash sold

 

0.7

 

–0.7

Net cash used in investing activities

 

–74.0

 

–30.1

Cash flows from financing activities

 

 

 

 

Repayment of bond

 

–320.0

 

0.0

Other proceeds from (repayment of) current borrowings, net

 

99.8

 

0.0

Proceeds from (repayment of) non-current borrowings, net

 

–0.9

 

–2.5

Change in other non-current liabilities

 

0.4

 

–0.1

Dividends paid to company’s shareholders

 

–38.4

 

–33.5

Dividends paid to minority shareholders

 

–28.5

 

–30.1

(Purchase) Sale of treasury shares

 

0.0

 

–3.1

Net cash flows from financing activities

 

–287.6

 

–69.3

Translation exchange differences

 

–1.2

 

4.6

Net increase (decrease) in cash and cash equivalents

 

–326.6

 

–14.5

Cash and cash equivalents at beginning of period

 

445.1

 

150.4

Cash and cash equivalents at end of period

 

118.5

 

135.9

Net increase (decrease) in cash and cash equivalents

 

–326.6

 

–14.5