Income statement

CHF thousand	Note	2024	2023

Net sales from goods and services	1	1,064,052	1,963,856
Change in inventories for work in progress		788	–2,583
Own costs capitalised	2	13,444	13,378
Other operating income	3	28,773	28,563
Total operating revenue		1,107,057	2,003,214

Energy procurement	4	–790,964	–1,469,489
Materials and third party services		–27,899	–26,073
Concession fees	5	–16,869	–26,308
Personnel expenses		–64,211	–68,715
Other operating expenses	6	–33,096	–25,228
Depreciation/amortisation and impairment	7	–23,000	–33,939
Operating expenses		–956,039	–1,649,752

Operating earnings before interest, extraordinary items and taxes		151,018	353,462

Financial income	8	21,579	55,157
Financial expenses	8	–12,446	–19,542
Operating earnings before taxes		160,151	389,077

Non-operating income		473	428
Earnings before taxes		160,624	389,505

Taxes		–27,696	–56,480
Net earnings for the year		132,928	333,025