| CHF millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 210.9 | 221.4 | 226.6 | 265.4 | 286.6 | 295.5 | +3.1% | |
| Depreciation & amortization | 26.2 | 38.1 | 33.6 | 34.5 | 0.0 | 0.0 | — | |
| Stock-based compensation | 4.7 | (4.0) | (4.6) | (4.2) | 0.0 | 0.0 | — | |
| Change in working capital | (37.6) | 10.7 | (175.9) | (4,660.0) | 501.9 | (480.6) | −195.7% | |
| Operating cash flow | 337.0 | 470.7 | 153.1 | (4,378.8) | 823.0 | (142.2) | −117.3% | |
| Capital expenditure | (87.7) | (65.8) | (84.9) | (34.2) | (19.4) | (20.2) | −4.1% | |
| Acquisitions | 0.9 | (2,830.6) | 84.9 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (3,471.4) | (2,871.5) | 1,785.1 | (55.7) | 592.7 | 891.8 | +50.5% | |
| Dividends paid | (106.0) | (106.1) | (106.1) | (106.1) | (123.4) | (128.7) | −4.3% | |
| Share buybacks | (8.7) | (4.8) | (3.5) | (27.8) | (4.4) | (2.5) | +42.6% | |
| Debt issued / repaid | 1,851.1 | 1,184.5 | 874.8 | (911.7) | 359.5 | (1,126.9) | −413.5% | |
| Financing cash flow | 5,318.1 | 4,273.2 | (2,536.2) | 1,253.0 | (1,189.8) | (335.0) | +71.8% | |
| Free cash flow | 249.3 | 404.9 | 68.2 | (4,413.0) | 803.6 | (162.3) | −120.2% | |
| Net change in cash | 2,150.1 | 1,882.8 | 7,356.1 | (1,188.5) | 0.0 | 0.0 | — |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
