| CHF million | Note | 2025 | 2024 | Variance in per cent |
|---|---|---|---|---|
| Net turnover | 7 | 24,476 | 24,802 | –1.3 |
| Net expenses for services from third parties | –15,676 | –16,132 | ||
| Gross profit | 7 | 8,800 | 8,670 | 1.5 |
| Personnel expenses | 8 | –5,148 | –4,861 | |
| Selling, general and administrative expenses | 9 | –1,522 | –1,343 | |
| Other operating income/expenses, net | 10 | 21 | 12 | |
| EBITDA | 2,151 | 2,478 | –13.2 | |
| Depreciation of property, plant and equipment | 14 | –195 | –185 | |
| Depreciation of right-of-use assets | 15 | –658 | –587 | |
| Amortisation of other intangibles | 16 | –56 | –52 | |
| EBIT | 1,242 | 1,654 | –24.9 | |
| Financial income | 11 | 35 | 24 | |
| Financial expenses | 11 | –50 | –46 | |
| Result from joint ventures and associates | 3 | 6 | ||
| Earnings before tax (EBT) | 1,230 | 1,638 | –24.9 | |
| Income tax | 12 | –305 | –408 | |
| Earnings | 925 | 1,230 | –24.8 | |
| Attributable to: | ||||
| Equity holders of the parent company | 882 | 1,181 | –25.3 | |
| Non-controlling interests | 43 | 49 | ||
| Earnings | 925 | 1,230 | –24.8 | |
| Basic earnings per share in CHF | 13 | 7.43 | 9.97 | –25.5 |
| Diluted earnings per share in CHF | 13 | 7.42 | 9.95 | –25.4 |