Notes to the financial statements: further notes

Net release of hidden reserves

In the reporting year, hidden reserves of CHF 8,665 thousand were released (prior year CHF 6,936 thousand).

Employee information

In the year under review the number of full-time positions at Repower AG averaged 453 over the year (prior year 450).

List of interests

Direct participations

Indirect participations

Contingent liabilities

Joint liability for VAT group taxation with Repartner Produktions AG, Repower Moesano SA, Kraftwerk Morteratsch AG and Ovra electrica Ferrera SA.

In the course of regular business, Repower AG granted guarantees, bank guarantees and sureties in favour of third parties, directly and via commercial banks. These came to CHF 21,278 thousand (prior year CHF 35,039 thousand).

Lease liabilities

The maturities of unrecognised lease liabilities that do not mature or cannot be terminated within 12 months break down as follows:

Pension fund liability

On the balance sheet date there was a liability to the pension fund of CHF 696 thousand (prior year CHF 652 thousand).

Related parties

Receivables and liabilities vis-à-vis direct or indirect participants and management bodies and vis-à-vis undertakings in which there is a direct or indirect participation are shown separately in the notes to the financial statements. Participants and management bodies are the main shareholders, the members of the board of directors and the statutory auditors of Repower AG.

Events occurring after the balance sheet date

Since 31 December 2025 there have been no other events which require disclosure.

The financial statements were approved for publication by the board of directors on 1 April 2026. They are subject to the approval of the annual general meeting, which will take place on 13 May 2026.

Disclosures in accordance with Art. 959c of the Swiss Code of Obligations at 31 December of the financial year:

There are no other items which require disclosure.