| CHF millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 167.2 | 182.6 | 154.7 | 65.2 | 211.4 | 219.3 | +3.7% | |
| Depreciation & amortization | 1.3 | 1.5 | 1.8 | 2.2 | 2.4 | 1.7 | −29.2% | |
| Stock-based compensation | 0.2 | 0.2 | 0.1 | 0.2 | 0.0 | 0.0 | — | |
| Change in working capital | (72.8) | 28.8 | 13.8 | (92.7) | (49.2) | 18.5 | +137.6% | |
| Operating cash flow | 61.8 | 164.4 | 159.6 | 25.0 | 85.1 | 156.5 | +83.9% | |
| Capital expenditure | (39.5) | (0.2) | (4.7) | (6.5) | (3.4) | (0.2) | +94.1% | |
| Acquisitions | 130.1 | (161.5) | (4.3) | (12.8) | 0.0 | 0.2 | — | |
| Investing cash flow | (130.1) | (181.7) | 12.6 | 6.3 | 14.4 | (14.5) | −200.7% | |
| Dividends paid | (107.3) | (106.7) | (115.6) | (115.6) | (115.6) | 0.0 | +100.0% | |
| Share buybacks | 0.0 | (88.3) | 0.0 | (0.8) | 0.0 | 0.0 | — | |
| Debt issued / repaid | 178.5 | 244.7 | (116.1) | 83.5 | 7.8 | (25.4) | −425.6% | |
| Financing cash flow | 71.5 | 50.2 | (231.5) | (32.8) | (107.8) | (141.0) | −30.8% | |
| Free cash flow | 22.3 | 164.2 | 154.9 | 18.5 | 81.7 | 156.3 | +91.3% | |
| Net change in cash | 3.2 | 32.9 | (59.3) | (1.5) | (8.3) | 1.1 | +113.3% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
