| CHF millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 150.4 | 265.5 | 331.2 | 352.1 | 226.8 | 235.0 | +3.6% | |
| Depreciation & amortization | 83.2 | 84.7 | 79.7 | 86.0 | 92.0 | 92.7 | +0.8% | |
| Stock-based compensation | 2.0 | 3.1 | 2.8 | 2.5 | 0.0 | 0.0 | — | |
| Change in working capital | 133.4 | (42.9) | (273.7) | (146.1) | 43.6 | 108.7 | +149.3% | |
| Operating cash flow | 379.9 | 342.7 | 164.2 | 250.4 | 345.1 | 407.3 | +18.0% | |
| Capital expenditure | (72.2) | (73.5) | (97.0) | (135.8) | (144.5) | (96.4) | +33.3% | |
| Acquisitions | (25.7) | (43.5) | (39.1) | (6.3) | (37.9) | 35.8 | +194.5% | |
| Investing cash flow | (97.3) | (115.1) | (146.6) | (139.1) | (200.2) | (76.3) | +61.9% | |
| Dividends paid | (81.8) | (66.5) | (97.3) | (133.2) | (138.3) | (112.5) | +18.7% | |
| Share buybacks | (2.8) | 0.0 | 0.0 | (1.8) | (8.2) | (122.1) | −1389.0% | |
| Debt issued / repaid | (99.8) | 0.0 | 0.0 | 1.5 | (103.8) | (7.2) | +93.1% | |
| Financing cash flow | (184.7) | (61.2) | (132.8) | (136.1) | (252.1) | (241.9) | +4.0% | |
| Free cash flow | 307.7 | 269.2 | 67.2 | 114.6 | 200.6 | 310.9 | +55.0% | |
| Net change in cash | 89.0 | 157.5 | (135.3) | (48.9) | (109.0) | 81.7 | +175.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
