| CHF millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 292.1 | 595.0 | 330.0 | 207.6 | 374.9 | 408.5 | +8.9% | |
| Depreciation & amortization | 1.3 | 1.4 | 1.3 | 1.2 | 0.9 | 1.6 | +70.2% | |
| Stock-based compensation | 2.0 | 1.5 | 1.9 | 1.6 | 0.0 | 0.8 | — | |
| Change in working capital | (11.8) | 63.7 | 58.6 | 11.8 | (0.7) | 6.9 | +1131.6% | |
| Operating cash flow | 209.8 | 297.5 | 316.4 | 276.9 | 213.0 | 227.2 | +6.7% | |
| Capital expenditure | (0.3) | 0.0 | 0.0 | (0.2) | (0.5) | 0.0 | +100.0% | |
| Acquisitions | (147.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (491.0) | (105.0) | (222.1) | (353.6) | (38.1) | (43.6) | −14.3% | |
| Dividends paid | (165.1) | (167.4) | (172.0) | (174.3) | (176.6) | (178.9) | −1.3% | |
| Share buybacks | (2.4) | (1.5) | (2.0) | (1.6) | (1.9) | (0.8) | +56.2% | |
| Debt issued / repaid | 462.4 | (34.4) | 80.1 | 375.0 | (79.5) | (15.0) | +81.1% | |
| Financing cash flow | 293.9 | (204.4) | (93.9) | 197.6 | (259.5) | (195.3) | +24.8% | |
| Free cash flow | 209.5 | 297.5 | 316.4 | 276.7 | 213.0 | 227.2 | +6.7% | |
| Net change in cash | 12.7 | (12.0) | 0.4 | 120.9 | (84.7) | (11.6) | +86.3% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
