Income statement

In millions of CHF	Notes	2025	2024
Net turnover	4, 31	1,483.5	1,825.1
Other operating income	5, 31	27.2	18.7
Change in volume- and tariff-related timing differences	16, 31	–466.8	–582.8
Capitalised self-constructed assets		31.4	29.2
Total operating income		1,075.3	1,290.2
Procurement costs	6, 31	462.6	684.5
Gross profit		612.7	605.7
Cost of materials and third-party supplies	8	138.8	120.1
Personnel expenses	9	155.6	145.4
Other operating expenses	10	32.7	40.2
Earnings before interest, income taxes, depreciation and amortisation		285.6	300.0
Depreciation on property, plant and equipment	14	141.4	137.0
Amortisation on intangible assets	14	26.6	23.9
Earnings before interest and income taxes (EBIT)¹	31	117.6	139.1
Financial income	11	3.3	3.6
Financial expenses	12	12.8	19.2
Earnings before income taxes		108.1	123.5
Income taxes	13	16.4	19.7
Net income		91.7	103.8

¹ Corresponds to net income before financial income, financial expenses and income taxes (EBIT).

Earnings per share

CHF	2025	2024
Net income	91,632,451	103,767,254
Weighted average number of shares outstanding	334,495,151	334,495,151
Non-diluted earnings per share	0.27	0.31
Diluted earnings per share	0.27	0.31