5Notes and explanations on income statement items

Other operating revenue and other income

in CHF mn

2025

2024

Management fees

38.5

46.5

Revenue from real estate

20.8

22.4

Change in provisions for doubtful accounts

-0.7

0.6

Other operating revenue

5.0

4.4

Total other operating revenue and other income

63.6

74.0

Other operating expense

in CHF mn

2025

2024

Distribution and sales expenses

-9.6

-11.0

Advertising and PR expenses

-7.3

-6.2

Rent, lease payments and licenses

-4.6

-4.1

Management fees

-8.6

-18.3

Other operating expenses

-21.3

-18.6

Total other operating expense

-51.5

-58.1

Financial result

in CHF mn

2025

2024

Interest income

9.7

14.7

Revenue from investments

57.4

136.4

Gain from sale of investments

0.0

14.4

Reversal of value adjustments of investments

5.2

11.7

Other financial income

1.3

6.0

Total financial income

73.6

183.1

Interest expense

-1.5

-3.5

Impairment on financial assets

-0.4

-3.0

Other financial expenses

-1.4

-4.0

Total financial expense

-3.3

-10.5

Total financial result

70.2

172.6