6 Shareholders’ equity
6.1 CHANGES IN SHAREHOLDERS’ EQUITY
Share capital | Legal capital | Legal retained earnings | Treasury shares | Profit carried forward | Profit for the period | Total share-holders’ equity | |
| CHF 1,000 | |||||||
| Balance at January 1, 2024 | 1,278 | 455,017 | 1,000 | - | 244,516 | - | 701,811 |
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| Profit for the period | – | – | – | - |
| 35,405 | 35,405 |
New shares issued based on (conditional share capital increase) | 5 | 13,873 | – | - | - | - | 13,878 |
| Dividend paid | – | (19,160) | – | - | (19,160) | - | (38,320) |
| Purchase of treasury shares | – | – | – | (28,934) | - | - | (28,934) |
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| Balance at December 31, 2024 | 1,283 | 449,730 | 1,000 | (28,934) | 225,356 | 35,405 | 683,840 |
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| Profit carried forward | - | - | - | - | 35,405 | (35,405) | - |
| Profit for the period | - | - | - | - | - | 36,545 | 36,545 |
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| Treasury shares sold to fund employee participation plans | - | - | - | 10,322 | (5,918) | - | 4,404 |
| Dividend paid | - | (19,014) | - | - | (19,014) | - | (38,028) |
| Purchase of treasury shares | - | - | - | (33,412) | - | - | (33,412) |
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| Balance at December 31, 2025 | 1,283 | 430,716 | 1,000 | (52,024) | 235,829 | 36,545 | 653,349 |
The Company’s share capital is CHF 1,282588.30 consisting of 12,825’883 registered shares with a nominal value of CHF 0.10 each (2024: share capital of CHF 1,282588.30 consisting of 12,825’883 registered shares with a nominal value of CHF 0.10 each).
The amount of the legal capital reserve (capital contribution reserve) is subject to review and confirmation by the Swiss federal tax authorities.
6.2 CONDITIONAL SHARE CAPITAL
31.12.2024 | 31.12.2025 | |
| Reserved for employee participation plans |
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| Shares (with a nominal value of CHF 0.10 each) | 127,329 | 127,329 |
| CHF | 12,733 | 12,733 |
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| Reserved for future business development |
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| Shares (with a nominal value of CHF 0.10 each) | 1,800,000 | 1,800,000 |
| CHF | 180,000 | 180,000 |
In 1997, a conditional share capital of CHF 130,000 reserved for employee participation plans was approved. The conditional share capital consisted of 1,300,000 registered shares with a nominal value of CHF 0.10 each. Since 1999, several employee participation plans have been introduced based on this conditional share capital. Between February 2011 and June 2015, the employee participation plans were funded with treasury shares. In 2024 a total of 6,558 options (share option plans) were exercised and 36,238 shares transferred (share plans), increasing the Company's share capital by CHF 4,276.30 and decreasing the Company's conditional share capital by 42,796 shares (2023: a total of 9,488 options were exercised and 42,158 shares transferred, increasing the share capital by CHF 5,164.60 and decreasing the conditional share capital by 51,646 shares). Effective as from January 1, 2025, the Group will fund outstanding employee participation plans with treasury shares.
On April 26, 2006, the Annual General Meeting of Shareholders approved the creation of additional conditional share capital for the purpose of future business development.
6.3 TREASURY SHARES
| Shares (each share has a nominal value of CHF 0.10) | 31.12.2024 | 31.12.2025 |
| Balance at January 1 | – | 100,000 |
| Treasury shares sold to fund employee participation plans | - | (28,072) |
| Purchase of treasury shares | 100,000 | 219,985 |
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| Balance at December 31 | 100,000 | 291,913 |
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| Thereof treasury shares purchased under the share buy-back program | - | 169,985 |
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| Average price of shares purchased, CHF | 289,34 | 151,88 |
| Average price of shares sold, CHF | 0,00 | 163,97 |