| CHF millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 434.3 | 550.3 | 532.1 | 457.6 | 460.8 | 466.5 | +1.2% | |
| Depreciation & amortization | 53.7 | 55.4 | 50.4 | 49.6 | 52.6 | 55.3 | +5.1% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | (8.2) | (90.5) | (210.4) | 129.4 | (50.6) | (5.7) | +88.7% | |
| Operating cash flow | 471.5 | 518.3 | 365.9 | 576.5 | 480.4 | 537.2 | +11.8% | |
| Capital expenditure | (48.2) | (78.9) | (93.9) | (49.3) | (32.0) | (28.1) | +12.3% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (34.3) | — | |
| Investing cash flow | (87.2) | (160.7) | 275.7 | (101.8) | 176.6 | (60.5) | −134.3% | |
| Dividends paid | (364.9) | (304.1) | (385.9) | (368.4) | (374.2) | (403.5) | −7.8% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (4.8) | (7.4) | (7.7) | 18.8 | (26.6) | 21.8 | +182.1% | |
| Financing cash flow | (473.4) | (405.5) | (500.5) | (451.2) | (403.7) | (386.4) | +4.3% | |
| Free cash flow | 423.3 | 439.4 | 272.0 | 527.2 | 448.4 | 509.2 | +13.6% | |
| Net change in cash | (97.5) | (44.8) | 138.0 | 15.8 | 254.0 | 84.7 | −66.6% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
