| CHF millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 67.1 | 96.4 | 103.0 | 74.2 | 72.4 | 71.9 | −0.6% | |
| Depreciation & amortization | 19.5 | 22.3 | 23.7 | 25.0 | 26.3 | 28.0 | +6.7% | |
| Stock-based compensation | 1.4 | 1.7 | 1.2 | 1.7 | 0.0 | 0.0 | — | |
| Change in working capital | 1.4 | (60.1) | (131.7) | 74.7 | 27.0 | (18.5) | −168.4% | |
| Operating cash flow | 91.6 | 65.9 | 6.0 | 157.7 | 126.8 | 84.4 | −33.4% | |
| Capital expenditure | (23.9) | (35.3) | (41.2) | (26.5) | (18.7) | (18.1) | +3.3% | |
| Acquisitions | (10.4) | (57.4) | (25.3) | 2.8 | (60.4) | (56.4) | +6.5% | |
| Investing cash flow | (41.2) | (92.3) | (68.1) | (36.3) | (95.6) | (93.2) | +2.5% | |
| Dividends paid | (15.4) | (33.9) | (39.3) | (42.3) | (30.8) | (30.1) | +2.4% | |
| Share buybacks | (1.5) | (1.1) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (23.6) | 55.3 | 104.5 | (22.9) | 4.2 | 35.1 | +736.3% | |
| Financing cash flow | (40.6) | 20.0 | 65.2 | (101.6) | (25.6) | 4.7 | +118.5% | |
| Free cash flow | 67.7 | 30.6 | (35.2) | 131.2 | 108.1 | 66.4 | −38.6% | |
| Net change in cash | 8.0 | (6.6) | 1.7 | 16.5 | 7.1 | (6.3) | −188.6% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
