| CHF millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 71.7 | 80.6 | 82.8 | 66.3 | 62.5 | 55.9 | −10.5% | |
| Depreciation & amortization | 21.3 | 23.1 | 24.1 | 22.4 | 22.6 | 22.4 | −1.1% | |
| Stock-based compensation | 1.4 | 0.9 | 0.6 | 0.6 | 0.0 | 0.0 | — | |
| Change in working capital | 29.9 | (57.5) | (37.3) | 41.1 | 18.6 | (21.0) | −212.7% | |
| Operating cash flow | 123.2 | 47.7 | 71.8 | 113.2 | 95.0 | 56.7 | −40.3% | |
| Capital expenditure | (51.3) | (51.1) | (26.4) | (17.5) | (13.6) | (11.1) | +18.5% | |
| Acquisitions | 1.8 | 2.4 | 3.4 | 0.5 | (2.3) | (2.4) | −7.5% | |
| Investing cash flow | (49.5) | (48.7) | (23.1) | (24.4) | (17.9) | (16.7) | +6.5% | |
| Dividends paid | (18.8) | (22.3) | (25.4) | (26.3) | (26.5) | (26.7) | −0.9% | |
| Share buybacks | (30.8) | (22.5) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (4.6) | 15.3 | (13.0) | (2.1) | (2.1) | (2.3) | −8.8% | |
| Financing cash flow | (54.2) | (29.5) | (34.0) | (20.5) | (15.5) | (18.2) | −17.6% | |
| Free cash flow | 71.9 | (3.4) | 45.5 | 95.7 | 81.4 | 45.6 | −44.0% | |
| Net change in cash | 14.5 | (29.8) | 10.8 | 61.0 | 63.8 | 11.9 | −81.3% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
