Trade receivables (Tables)

12 Months Ended

Dec. 31, 2025

Subclassifications of assets, liabilities and equities [abstract]


(CHF in millions)	12/31/2025	12/31/2024


Not yet due	231.5	182.2
Past due 1 - 90 days	71.4	58.5
Past due 91 - 180 days	2.0	5.4
Past due > 181 days	6.2	10.8
Gross Carrying Amount	311.1	257.0



Expected credit loss	(5.7)	(10.7)
Trade receivables	305.3	246.2


(CHF in millions)	12/31/2025	12/31/2024


Credit cards	23.4	12.7
Deposits	19.9	18.1

Other current financial assets	15.9	25.5
Other current financial assets at amortized cost	59.2	56.4

Other current financial assets at fair value through profit and loss	—	—
Total other current financial assets	59.2	56.4

Schedule of Allowance for Credit Loss

The expected credit loss allowance for trade receivables reconciles as follows:


(CHF in millions)	2025	2024


Expected credit loss at January 1	10.7	13.3
Amounts settled or written off during the year	(4.9)	(1.9)
Income statement impact for the year	0.1	(0.8)
Exchange Difference	(0.2)	0.1
Expected credit loss at December 31(1)	5.7	10.7

(1) As of December 31, 2025, the individual loss allowance amounted to CHF 5.5 million (December 31, 2024: CHF 9.6 million).

- Definition

The disclosure of the reconciliation of changes in the loss allowance and explanation of changes in the gross carrying amount for financial instruments. Loss allowance is the allowance for expected credit losses on financial assets measured in accordance with paragraph 4.1.2 of IFRS 9, lease receivables and contract assets, the accumulated impairment amount for financial assets measured in accordance with paragraph 4.1.2A of IFRS 9 and the provision for expected credit losses on loan commitments and financial guarantee contracts. [Refer: Gross carrying amount [member]]

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