Equity and liabilities
| In millions of CHF | Notes | 31.12.2025 | 31.12.2024 | |||
|---|---|---|---|---|---|---|
| Share capital | 334.5 | 334.5 | ||||
| Capital reserves | 431.2 | 431.2 | ||||
| Retained earnings | 700.7 | 660.9 | ||||
| Total equity | 1,466.4 | 1,426.6 | ||||
| Non-current financial liabilities | 21 | 1,218.9 | 1,620.9 | |||
| Non-current provisions | 22 | 28.9 | 31.5 | |||
| Non-current surpluses arising from volume-and tariff-related timing differences | 16 | 188.3 | – | |||
| Non-current liabilities | 1,436.1 | 1,652.4 | ||||
| Liabilities held on a fiduciary basis | 17 | 37.2 | 98.1 | |||
| Current financial liabilities | 21 | 402.0 | 405.2 | |||
| Trade accounts payable | 164.1 | 179.3 | ||||
| Other liabilities | 23 | 9.6 | 27.3 | |||
| Accrued expenses and deferred income | 24 | 161.8 | 98.3 | |||
| Current provisions | 22 | – | 0.1 | |||
| Current liabilities | 774.7 | 808.3 | ||||
| Total liabilities | 2,210.8 | 2,460.7 | ||||
| Equity and liabilities | 3,677.2 | 3,887.3 |