Selling, general and administrative expenses (Tables)

12 Months Ended

Dec. 31, 2025


	Year ended December 31,
(CHF in millions)	2025	2024	2023


Distribution expenses	(322.9)	(288.3)	(239.5)
Selling expenses	(260.1)	(168.2)	(133.3)
Marketing expenses	(376.5)	(276.6)	(195.8)
Share-based compensation	(62.6)	(71.5)	(31.8)
General and administrative expenses	(494.5)	(389.5)	(286.6)
Selling, general and administrative expenses	(1,516.6)	(1,194.2)	(887.0)