Balance sheet
in CHF mn | 30.06.2026 | 31.12.2025 | Change |
|---|---|---|---|
Current financial liabilities | 70.5 | 67.3 | 4.9% |
of which financial liabilities from leases | 62.8 | 63.6 | -1.3% |
Non-current financial liabilities | 137.1 | 153.5 | -10.7% |
of which financial liabilities from leases | 127.7 | 144.9 | -11.9% |
Cash and cash equivalents | -270.1 | -309.0 | -12.6% |
(Net liquidity) / net debt 1 | -62.5 | -88.2 | -29.2% |
Cash flow from / (used in) operating activities | 120.4 | 190.6 | -36.8% |
Debt factor 2 | – | – | n.a. |
(Net liquidity) / net debt less leases 3 | -252.9 | -296.7 | -14.7% |
1Current and non-current financial liabilities less cash and cash equivalents.
2Net debt to cash flow from / (used in) operating activities.
3Current and non-current financial liabilities (less leases) less cash and cash equivalents.
Net liquidity decreased by 14.7% compared with year-end 2025 from CHF 296.7 million to CHF 252.9 million. This reduction is primarily attributable to the reduction in cash and cash equivalents. The main drivers of the decline in cash and cash equivalents were the dividend payments to the shareholders of TX Group AG and shareholders with non-controlling interests (CHF -61.4 million) and the purchase of treasury shares (CHF -30.0 million). This was partially offset by dividend income from associates and joint ventures totalling CHF 35.4 million. The decrease in financial liabilities is primarily due to leasing. With net liquidity being positive, no debt factor can be calculated.
Total assets fell to CHF 3’115.0 million in the first half of 2026. Equity declined by CHF 103.4 million to CHF 2’392.7 million. The decrease in equity was mainly attributable to the acquisition of treasury shares, dividend payments made during the reporting period, and negative net income.
The equity ratio increased by 0.4%p to 76.8% compared to the end of 2025.