Right-of-use assets, long-term financial assets and lease liabilities

12 Months Ended

Dec. 31, 2025

Right-of-use assets, long-term financial assets and lease liabilities

Right-of-use assets, long-term financial assets and lease liabilities

5.Right-of-use assets, long-term financial assets and lease liabilities

The Company recognized additions and reassessment of right-of-use of leased assets for buildings or for office equipment totaling CHF 0.2 million and CHF 2.6 million for the years ended December 31, 2025 and 2024, respectively. In 2025, the change pertained to a reduction of lease space, offset by the reassessment of the lease term of a separate lease space. In 2024, the increase was predominantly associated with a new lease and the reassessment of our existing leased office space.

Regarding lease liabilities, the amortization depends on the rate implicit in the contract or the incremental borrowing rate for the respective lease component. The weighted averages of the incremental borrowing rates as of December 31, 2025 are 5.5% (3.5% for 2024) for buildings, 3.3% (3.3% for 2024) for office equipment and 7.2% (7.2% for 2024) for IT equipment.

The following tables show the movements in the net book values of right-of-use of leased assets for the years ended December 31, 2025 and 2024, respectively:


				Office		IT
In CHF thousands		Buildings		equipment		equipment		Total
Balance as of December 31, 2024		5,320		91		26		5,437
Lease modification and reassessment		213		—		—		213
Depreciation		(1,064)		(40)		(6)		(1,110)
Balance as of December 31, 2025		4,469		51		20		4,540


				Office		IT
In CHF thousands		Buildings		equipment		equipment		Total
Balance as of December 31, 2023		3,446		50		12		3,508
Additions and reassessment		2,516		64		26		2,606
Depreciation		(642)		(23)		(12)		(677)
Balance as of December 31, 2024		5,320		91		26		5,437

For the years ended December 31, 2025, and 2024, the impact on the Company’s consolidated statements of income/(loss) and consolidated statements of cash flows is detailed in the table below.


		For the Year Ended
		December 31,
In CHF thousands		2025		2024
Statements of income/(loss)
Depreciation of right-of-use assets		1,110		677
Interest expense on lease liabilities		174		113
Expense for short-term leases and leases of low value		690		752
Total		1,975		1,542

Statements of cash flows
Total cash outflow for leases		1,891		1,549

The following table presents the contractual undiscounted cash flows for lease liabilities as of December 31, 2025 and 2024:


		As of
		December 31,
In CHF thousands		2025		2024
Less than one year		1,079		1,200
1-3 years		2,077		2,372
3-5 years		2,038		2,352
Total		5,194		5,924

The Company also has two deposits in escrow accounts totaling CHF 0.6 million and CHF 0.4 million for the lease of the Company’s premises as of December 31, 2025 and 2024, respectively.