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

6 Months Ended

Jun. 30, 2026

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

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

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

AC Immune recognized no additions for its right-of-use of leased assets for the six months ended June 30, 2026.

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 are 5.5% for buildings, 3.3% for office equipment and 7.2% for IT equipment, respectively.

The following table shows the movements in the net book values of right-of-use of leased assets for the six months ended June 30, 2026:


				Office		IT
In CHF thousands		Buildings		equipment		equipment		Total
Balance as of December 31, 2025		4,469		51		20		4,540
Depreciation		(447)		(11)		(3)		(460)
Balance as of June 30, 2026		4,022		40		17		4,080

There are no variable lease payments that are not included in the measurement of lease obligations. All extension options have been included in the measurement of lease obligations.

For the six months ended June 30, 2026, and 2025, the impact on the Company’s condensed consolidated statements of income/(loss) and the condensed consolidated statements of cash flows is as follows:


		For the Six Months
		Ended June 30,
In CHF thousands		2026		2025
Statements of income/(loss)
Depreciation of right-of-use assets		460		511
Interest expense on lease liabilities		119		92
Expense for short-term leases and leases of low value		322		365
Total		902		968

Statements of cash flows
Total cash outflow for leases		881		965

The following table presents the contractual undiscounted cash flows for lease obligations as of June 30, 2026:


		As of
In CHF thousands		June 30, 2026
Less than one year		1,039
1-3 years		2,071
3-5 years		1,526
Total		4,636

The Company also has deposits in escrow accounts totaling CHF 0.6 million for leases of the Company’s premises as of June 30, 2026 and December 31, 2025. These deposits are presented in Long-term financial assets on the Company’s condensed consolidated balance sheets.