Consolidated Balance Sheet

GRI 2-2: Entities included in the organization’s sustainability reporting
GRI 201-2: Financial implications and other risks and opportunities due to climate change

in CHF 1 000	Notes	31.12.2025	in %	31.12.2024	in %
Assets
Property, plant and equipment	(5)	99 228	17.8	64 116	15.4
Intangible assets	(6)	52 740	9.5	44 102	10.6
Other non-current assets		622	0.1	510	0.1
Deferred tax assets	(11)	4 509	0.8	5 438	1.3
Non-current assets		157 099	28.2	114 166	27.4
Inventories	(7)	184 248	33.1	141 489	33.9
Trade accounts receivable	(8)	95 161	17.1	74 290	17.8
Other accounts receivable	(8)	17 171	3.1	9 226	2.2
Prepaid expenses and accruals		3 663	0.7	3 735	0.9
Cash and cash equivalents	(9)	99 436	17.9	74 159	17.8
Current assets		399 679	71.8	302 899	72.6
Total assets		556 778	100.0	417 065	100.0

Liabilities and shareholders’ equity
Share capital		46 703	8.4	45 649	10.9
Mandatory convertible note		372	0.1	5 284	1.3
Capital reserves		160 268	28.8	154 773	37.1
Treasury shares		–4 589	–0.8	–5 716	–1.4
Retained earnings		–51 727	–9.3	–63 338	–15.2
Total equity		151 028	27.1	136 652	32.8
Long-term provisions	(10)	7 071	1.3	6 523	1.6
Deferred tax liabilities	(11)	14 942	2.7	10 988	2.6
Long-term financial liabilities	(12)	133 398	24.0	91 822	22.0
Liabilities for post-employment benefits	(13)	5 495	1.0	1 626	0.4
Other long-term liabilities	(3)	4 206	0.8	1 532	0.4
Non-current liabilities		165 112	29.7	112 491	27.0
Short-term financial liabilities	(12)	36 151	6.5	26 479	6.3
Trade accounts payable		75 478	13.6	58 103	13.9
Other current liabilities	(14)	84 429	15.2	48 251	11.6
Accruals	(14)	37 983	6.8	27 104	6.5
Short-term provisions	(10)	4 775	0.9	3 402	0.8
Income tax payable		1 822	0.3	4 583	1.1
Current liabilities		240 638	43.2	167 922	40.3
Total liabilities		405 750	72.9	280 413	67.2
Total equity and liabilities		556 778	100.0	417 065	100.0

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Report of the Statutory Auditor

Consolidated Income Statement

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