Annual Report 2025

Our key figures

Our key figures

Our revenue decreased by 7.4% (-4.8% organically). We delivered a profitability of a 20.0% adjusted EBITDA margin and free cash flow of CHF 27.1 million.

Share of revenue by business unit

2025

Share of revenue by business unit

2024

Key figures

millions of CHF

2025

% of revenue

+/–% change

2024

% of revenue

Revenue

448.0

100.0%

–7.4%

483.9

100.0%

Organic revenue growth 1)

–4.8%

Gross profit

161.9

36.1%

1.4%

159.7

33.0%

Operating income (EBIT)

22.8

5.1%

76.7%

12.9

2.7%

EBITDA

78.3

17.5%

5.1%

74.5

15.4%

Adjusted EBITDA

89.7

20.0%

–3.1%

92.5

19.1%

Net income

7.0

1.6%

n/a

–6.4

–1.3%

Free cash flow (FCF)

27.1

–31.7%

39.6

Operating net cash flow (ONCF)

40.3

–33.9%

61.0

Capital expenditure, net (capex, net)

41.7

–5.9%

44.3

Net debt as of December 31

216.5

5.4%

205.3

Net debt adjusted EBITDA ratio as of December 31

2.41

8.7%

2.22

Employees (number of full-time equivalents) as of December 31

2’574

–4.1%

2’684

1)Adjusted for currency effects.

Our KEY Figures

448.0m CHF

revenue in 2025

20.0%

adjusted EBITDA margin

27.1m CHF

free cash flow generated in 2025

Financial Review Section

Stock market information

2025

2024

Registered share (in CHF)

– high

13.50

18.68

– low

8.34

8.28

– year-end

11.24

8.80

Market capitalization as of December 31

– number of shares issued

41’262’370

41’262’370

– in millions of CHF

463.8

363.1

– in percentage of equity

109%

83%

P/E ratio as of December 31

71.8x

-48.7x

Dividend yield as of December 31

0.9%

5.7%

Data per share

CHF

2025

2024

Net income attributable to a shareholder of medmix Ltd

0.16

–0.18

Equity attributable to a shareholder of medmix Ltd

10.30

10.60

Ordinary dividend

0.101)

0.50

Payout ratio

64%

–277%

Average number of shares outstanding as of December 31

40’773’826

40’779’842

1)Proposal to the Annual General Meeting.

Shareholder structure as of December 31, 2025

Number of shares

Number of shareholders

Shareholding

1–100

2’246

0.3%

101–1'000

3’308

3.4%

1'001–10'000

1’111

7.6%

10'001–100'000

122

7.8%

More than 100'000

18

53.3%

Total registered shareholders and shares (excluding treasury shares of medmix Ltd)

6’805

72.3%

Shareholder structure as of December 31, 2024

Number of shares

Number of shareholders

Shareholding

1–100

2’485

0.3%

101–1'000

3’585

3.6%

1'001–10'000

1’019

7.0%

10'001–100'000

102

6.7%

More than 100'000

20

53.0%

Total registered shareholders and shares (excluding treasury shares of medmix Ltd)

7’211

70.6%

Global reach, local presence

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