Half-year report 2025

6 Financial income and expenses

January 1 – June 30

millions of CHF

 

2025

 

2024

 

Interest income

 

0.5

 

0.4

 

Interest income on employee benefit plans

 

0.1

 

0.2

 

Total interest income

 

0.6

 

0.5

 

 

 

 

 

 

 

Interest expenses on borrowings

 

–3.7

 

–5.5

 

Interest income / (expenses) on interest rate derivative financial instruments – transfer from cash flow hedge reserve

 

–0.7

 

0.1

 

Interest expenses on lease liabilities

 

–0.9

 

–0.6

 

Interest expenses on employee benefit plans

 

–0.0

 

–0.0

 

Total interest expenses

 

–5.4

 

–6.1

 

 

 

 

 

 

 

Total interest income / (expenses), net

 

–4.8

 

–5.6

 

 

 

 

 

 

 

Fair value changes on foreign currency derivative financial instruments, unrealized

 

4.0

 

–1.8

 

Fair value changes on foreign currency derivative financial instruments, realized

 

1.4

 

–1.8

 

Currency exchange gains / (losses), net

 

–7.0

 

3.3

 

Other financial income / (expenses), net

 

–0.8

 

–0.3

 

Total other financial income / (expenses), net

 

–2.4

 

–0.7

 

 

 

 

 

 

 

Total financial income / (expenses), net

 

–7.2

 

–6.2

 

Total financial income / (expenses), net, amounted to CHF -7.2 million, compared with CHF -6.2 million in the first half of 2024.

Total interest income / (expenses), net, decreased from CHF -5.6 million in the first half of 2024 to CHF -4.8 million in 2025, due to lower interest rates on borrowings.

Total other financial income / (expenses), net, amounted to CHF -2.4 million in 2025, compared with CHF -0.7 million in the first half of 2024, mostly driven by net currency exchange losses.