12. Financial expenses
| In millions of CHF | 2025 | 2024 | ||
|---|---|---|---|---|
| Bond interest | 10.5 | 15.9 | ||
| Loans and convertible loans interest | 0.9 | 0.6 | ||
| Commitment fees | 0.7 | 0.7 | ||
| Other financial expenses | 0.7 | 2.0 | ||
| 12.8 | 19.2 |
A loan amounting to CHF 350 million with an interest rate of 1.625% was repaid at the beginning of the 2025 financial year. Accordingly, interest expenses on loans decreased.