v3.25.4
Leases
 12 Months Ended
Dec. 31, 2025
Lease liabilities [abstract]  
Leases Leases
The Group leases office and laboratory facilities in Schlieren, Switzerland. These leases generally have terms between 2 and 10 years and contain extension or terminations options exercisable by the Group up to one year before the end of the non‑cancellable contract period. These terms are used to maximize operational flexibility in terms of managing contracts. The options to extend are held by the Company and the termination options are held both by the Company and the lessor. As of December 31, 2025, the Group exercised the option to extend the lease on its facilities in Schlieren by two years with a new lease term ending on December 31, 2028. The earliest contractual termination date for both the lessor and the Group on the major real estate lease is December 31, 2028. For information about the right-of-use assets please also see note 6.
Set out below are the carrying amounts of the lease liabilities and the movements during the period:
in CHF thousands20252024
as at January 1,2,444 3,652 
Lease extension2,414 — 
Recognition of interest on lease liabilities18 24 
Payments(1,231)(1,232)
Balance as at December 31,3,644 2,444 
Current1,206 1,217 
Non-current2,438 1,227 
Balance as at December 31,3,644 2,444 
The following are the expense amounts recognized in the consolidated statement of profit or loss and other comprehensive result. No expenses for leasing of low-value assets nor for short term leases were incurred for the years ended December 31, 2025, 2024 and 2023.
in CHF thousands202520242023
Depreciation on right-of-use assets1,201 1,200 1,200 
Interest expense on lease liabilities18 24 34 
Total amount recognized in profit or loss1,218 1,224 1,234 
The total cash outflow for leases for the year ended December 31, 2025 amounted to TCHF 1,231 (year ended December 31, 2024 TCHF 1,232; year ended December 31, 2023 TCHF 1,232).
Contractual maturities of financial liabilities at December 31, 2025
in CHF thousands
Less than 1 year Between 1 and 2 years Between 2 and 5 years More than 5 yearsTotal contractual cash-flowsCarrying Amount lease liabilities
Lease liabilities1,229 1,229 1,229 — 3,686 3,644 
Contractual maturities of financial liabilities at December 31, 2024
in CHF thousands
Less than 1 year Between 1 and 2 years Between 2 and 5 years More than 5 yearsTotal contractual cash-flowsCarrying Amount lease liabilities
Lease liabilities1,232 1,232 — — 2,464 2,444