| Schedule of fair value (level 3) of derivative financial instruments |
| | | | | | | June 30, 2026 | | December 31, 2025 | Phantom shares | | 285,962 | | 285,962 | Anti-dilution protection | | 102,547 | | 102,547 | Warrants | | 120,558 | | 120,558 | Total | | 509,067 | | 509,067 |
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| Schedule of fair value measurement of assets |
| | | | | | | | | | | Levels 1 and 2 | | Level 3 | | | June 30, | | December 31, | | June 30, | | December 31, | | | 2026 | | 2025 | | 2026 | | 2025 | Financial assets at fair value through profit and loss (FVPL) | | | | | | | | | Phantom shares (Stalicla SA) | | — | | — | | 285,962 | | 285,962 | Anti-dilution protection (Stalicla SA) | | — | | — | | 102,547 | | 102,547 | Warrants (Stalicla SA) | | — | | — | | 120,558 | | 120,558 | Financial assets at fair value through other comprehensive income (OCI) | | | | | | | | | Preferred shares (Stalicla SA) (note 23) | | — | | — | | 285,962 | | 285,962 | Total financial assets | | — | | — | | 795,029 | | 795,029 |
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| Schedule of significant unobservable inputs used in fair value measurement |
| | | | | | | | | | | | | | | Fair value at | | | | Range of inputs | | | | | June 30, | | December 31, | | | | June 30, | | December 31, | | Relation of unobservable inputs to | Description | | 2026 | | 2025 | | Unobservable inputs | | 2026 | | 2025 | | fair value | Preferred shares (Stalicla SA) | | 285,962 | | 285,962 | | (1) | | CHF17-CHF30 | | CHF17-CHF30 | | (2) | Phantom shares (Stalicla SA) | | 285,962 | | 285,962 | | Stalicla share price used in Black-Scholes valuation model, determined by the price paid by external investors. The fair value of phantom shares is capped at the fair value of preferred shares | | CHF17 | | CHF17 | | A 10% increase or decrease in Stalicla’s share price would increase or decrease the fair value by CHF 39,682 and CHF 36,138, respectively. In both cases the fair value would remain capped at the fair value of preferred shares. | Anti-dilution protection (Stalicla SA) | | 102,547 | | 102,547 | | Sale price of Stalicla shares used in the different scenarios in binomial valuation model | | CHF17-CHF30 | | CHF17 -CHF30 | | A 10% increase or decrease in the sale price of Stalicla shares under the scenario used in the binomial valuation model, would increase or decrease the fair value by CHF 25,064 and CHF 18,949, respectively. | Warrants (Stalicla SA) | | 60,547 | | 60,547 | | Stalicla share price used in Black-Scholes valuation model, determined by the price paid by external investors | | CHF17 | | CHF17 | | A 10% increase or decrease in Stalicla’s share price would increase or decrease the fair value by CHF 15,673 and CHF 12,791, respectively. | Warrants (Stalicla SA) | | 60,011 | | 60,011 | | Stalicla share price used in Black-Scholes valuation model, determined by the price paid by external investors | | CHF17 | | CHF17 | | A 10% increase or decrease in Stalicla’s share price would increase or decrease the fair value by CHF 6,091 and CHF 5,538, respectively. |
(1)The fair value of the preferred shares was determined as the residual amount between the subscription price of CHF 795,029 and the fair value of the derivative financial instruments measured using Black-Scholes and binomial valuation models. The fair value of the phantom shares was capped at the fair value of the preferred shares. (2)An increase or decrease of 10% in Stalicla’s share price used to calculate the fair value of the anti-dilution protection through a ratchet mechanism and warrants would result in a decrease or increase in fair value by CHF 21,697 and CHF 20,357, respectively.
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