Retirement benefit plan (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Retirement benefit plan |
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| Schedule of amounts recognized in balance sheet from defined benefit plans |
| | | | | | | | | As of | | | December 31, | In CHF thousands | | 2025 | | 2024 | | 2023 | Defined benefit obligation | | (48,261) | | (52,455) | | (41,060) | Fair value of plan assets | | 39,615 | | 43,611 | | 35,290 | Total liability | | (8,646) | | (8,844) | | (5,770) |
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| Schedule of amounts recognized in statement of profit and loss from defined benefit plans |
| | | | | | | | | For the Year Ended | | | December 31, | In CHF thousands | | 2025 | | 2024 | | 2023 | Current service cost | | 1,952 | | 1,688 | | 1,453 | Past service cost | | — | | — | | 903 | (Gains) and losses on settlement / curtailment | | (1,757) | | — | | — | Interest cost | | 544 | | 680 | | 804 | Interest income | | (438) | | (574) | | (705) | Net pension cost | | 301 | | 1,794 | | 2,455 |
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| Schedule of changes in defined benefit obligations, fair value of plan assets and net defined benefit liability |
| | | | | | | | | For the Year Ended | | | December 31, | In CHF thousands | | 2025 | | 2024 | | 2023 | Defined benefit obligation as of January 1 | | (52,455) | | (41,060) | | (32,410) | Current service cost | | (1,952) | | (1,688) | | (1,453) | Past service cost | | — | | — | | (903) | Interest cost | | (544) | | (680) | | (804) | Change in demographic assumptions | | — | | (16) | | 136 | Change in financial assumptions | | (2,652) | | (3,846) | | (2,908) | Change in experience assumptions | | 831 | | (1,078) | | (57) | Benefits (deposited)/paid | | 4,119 | | (2,504) | | (1,265) | Gains and (losses) on settlement / curtailment | | 6,057 | | — | | — | Employees’ contributions | | (1,665) | | (1,583) | | (1,396) | Defined benefit obligation as of December 31 | | (48,261) | | (52,455) | | (41,060) |
| | | | | | | | | For the Year Ended | | | December 31, | In CHF thousands | | 2025 | | 2024 | | 2023 | Fair value of plan assets as of January 1 | | 43,611 | | 35,290 | | 29,197 | Interest income | | 438 | | 574 | | 705 | Employees’ contributions | | 1,665 | | 1,583 | | 1,396 | Employer’s contributions | | 1,853 | | 1,804 | | 1,567 | Benefits (paid) / deposited | | (4,119) | | 2,504 | | 1,265 | Gains and (losses) on settlement / curtailment | | (4,300) | | — | | — | Return on plan assets excluding interest income | | 467 | | 1,856 | | 1,160 | Fair value of plan assets as of December 31 | | 39,615 | | 43,611 | | 35,290 |
| | | | | | | | | For the Year Ended | | | December 31, | In CHF thousands | | 2025 | | 2024 | | 2023 | Net defined benefit liabilities as of January 1 | | 8,844 | | 5,770 | | 3,213 | Net pension cost through statement of income/(loss) | | 301 | | 1,794 | | 2,455 | Remeasurement through other comprehensive income/(loss) | | 1,353 | | 3,084 | | 1,669 | Employer’s contribution | | (1,853) | | (1,804) | | (1,567) | Net defined benefit liabilities as of December 31 | | 8,645 | | 8,844 | | 5,770 |
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| Schedule of amounts recognized in statement of other comprehensive income from defined benefit plans |
| | | | | | | | | For the Year Ended | | | December 31, | In CHF thousands | | 2025 | | 2024 | | 2023 | Effect of changes in demographic assumptions | | — | | (16) | | 136 | Effect of changes in financial assumptions | | (2,652) | | (3,846) | | (2,908) | Effect of changes in experience assumptions | | 831 | | (1,078) | | (57) | Return on plan assets excluding interest income | | 467 | | 1,856 | | 1,160 | Total other comprehensive gain/(loss) | | (1,353) | | (3,084) | | (1,669) |
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| Schedule of actuarial assumptions and quantitative sensitivity analysis |
| | | | | | | | | | For the Year Ended | | | | December 31, | | | | 2025 | | 2024 | | 2023 | | Discount rate | | 1.30 | % | 1.00 | % | 1.50 | % | Rate of future increase in compensations | | 2.00 | % | 2.00 | % | 1.75 | % | Rate of future increase in current pensions | | 0.00 | % | 0.00 | % | 0.00 | % | Interest rate on retirement savings capital | | 3.25 | % | 1.25 | % | 1.50 | % | Mortality and disability rates | | 2020 GT (CMI) | | BVG 2020 GT (CMI) | | BVG 2020 GT (CMI) | |
A quantitative sensitivity analysis for significant assumptions as of December 31, 2025 is shown below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Interest rate on | | | Discount rate | | Future salary increase | | Future pension cost | | savings capital | | | 0.5% | | 0.5% | | 0.5% | | 0.5% | | 0.5% | | 0.5% | | 0.5% | | 0.5% | Assumptions | | increase | | decrease | | increase | | decrease | | increase | | decrease | | increase | | decrease | | | | In CHF thousands | Potential defined benefit obligation | | 44,698 | | 52,332 | | 49,343 | | 47,256 | | 50,262 | | 46,435 | | 49,613 | | 46,984 | Decrease/(increase) from actual defined benefit obligation | | 3,563 | | (4,071) | | (1,082) | | 1,005 | | (2,001) | | 1,826 | | (1,352) | | 1,277 |
A quantitative sensitivity analysis for significant assumptions as of December 31, 2024 is shown below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Interest rate on | | | Discount rate | | Future salary increase | | Future pension cost | | savings capital | | | 0.5% | | 0.5% | | 0.5% | | 0.5% | | 0.5% | | 0.5% | | 0.5% | | 0.5% | Assumptions | | increase | | decrease | | increase | | decrease | | increase | | decrease | | increase | | decrease | | | | In CHF thousands | Potential defined benefit obligation | | 48,532 | | 56,936 | | 53,728 | | 51,262 | | 54,683 | | 50,423 | | 53,865 | | 51,118 | Decrease/(increase) from actual defined benefit obligation | | 3,923 | | (4,481) | | (1,273) | | 1,193 | | (2,228) | | 2,032 | | (1,410) | | 1,337 |
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