Consolidated balance sheet

ASSETS

	Notes	31.12.2024	31.12.2025
CHF 1,000
Cash and cash equivalents	14	154,193	176,370
Other current financial assets	15	251,965	136,960
Trade accounts receivable	16	148,561	126,515
Contract assets		35,352	23,840
Other accounts receivable		11,869	15,203
Inventories	17	230,499	212,572
Income tax receivables		11,484	10,351
Prepaid expenses		12,383	9,933

Current assets		856,306	711,744

Non-current financial assets	18	7,367	2,220
Property, plant and equipment	19	78,752	65,908
Right-of-use assets	20	68,576	66,878
Intangible assets and goodwill	21	1,069,262	812,530
Deferred tax assets	12.2	41,220	38,809

Non-current assets		1,265,177	986,345

Assets		2,121,483	1,698,089

	Notes	31.12.2024	31.12.2025
CHF 1,000
Current financial liabilities	22	266,129	10,862
Trade accounts payable		33,611	27,824
Other accounts payable		27,579	26,839
Current contract liabilities	23	79,724	67,930
Current government grants	24	4,987	4,355
Income tax payables		32,250	27,512
Accrued expenses		61,447	97,255
Current provisions	25	25,525	26,177

Current liabilities		531,252	288,754

Non-current financial liabilities	22	59,952	207,928
Non-current contract liabilities	23	9,104	6,695
Non-current government grants	24	14,961	8,710
Liability for post-employment benefits	9.3	28,367	13,313
Non-current provisions	25	6,009	6,074
Deferred tax liabilities	12.2	36,507	15,124

Non-current liabilities		154,900	257,844

Total liabilities		686,152	546,598

Share capital		1,283	1,283
Capital reserve		408,347	398,039
Treasury shares		(28,934)	(52,024)
Retained earnings		1,111,808	978,856
Translation differences		(57,173)	(174,663)

Shareholders’ equity	26	1,435,331	1,151,491

Liabilities and equity		2,121,483	1,698,089