1.5Financial result
in CHF mn | 2025 | 2024 |
Interest income | 8.9 | 12.2 |
Currency exchange gains | 1.1 | 3.3 |
Financial income from IAS 19 | 2.6 | 1.2 |
Gain from sale of investments | 0.8 | 12.1 |
Other financial income | 0.4 | 12.2 |
Financial income | 13.8 | 40.9 |
Interest expense | -0.2 | -0.1 |
Interest expense from leases | -5.6 | -5.6 |
Currency exchange losses | -1.2 | -3.0 |
Financial expense from IAS 19 | -0.2 | -0.3 |
Loss from sale of investments | -0.4 | -8.2 |
Other financial expenses | -0.5 | -5.1 |
Financial expense | -8.1 | -22.3 |
Total | 5.8 | 18.7 |
At CHF 5.8 million, the financial result was CHF –12.9 million below the previous year. Interest income fell by CHF 3.2 million compared with the previous year, primarily due to lower interest rates on bank account balances. The gain from the sale of investments in the amount of CHF 0.6 million is attributable to the disposal of Splicky GmbH, whereas in 2024 the gain resulted from the disposal of dreifive Group in the amount of CHF 4.0 million and the disposal of DJ Digitale Medien GmbH in the amount of CHF 8.1 million. Other financial income in the previous period included the effect of CHF 7.5 million from the revaluation of the purchase price due for the non-controlling interests in NEO ADVERTISING SA (see Note 2.7) as well as the one-off effect of CHF 4.2 million from the profit participation from the resale of Trendsales ApS by the former buyers.
Overall, interest expense is at the previous yearʼs level. The loss from sale of investments in the amount of CHF 0.4 million is attributable to a subsequent purchase price adjustment for the sale of Goldbach Austria. The loss from sale of investments in the prior period arose from the disposal of Ultimate Media Beteiligungs- und Management GmbH (CHF 5.7 million), and the disposal of Goldbach Austria (CHF 2.2 million). Other financial expenses mainly includes effects from the revaluation of the purchase price liability for the non-controlling interests in NEO ADVERTISING SA. In 2024, valuation losses totalling CHF 2.9 million were also reported in connection with Karriere.at increasing its stake in hokify GmbH to 100%.