Income statement

CHF thousand	Note	2025	2024

Net sales from goods and services	1	710,765	1,064,052
Change in inventories for work in progress		–211	788
Own costs capitalised	2	14,088	13,444
Other operating income	3	41,560	28,773
Total operating revenue		766,202	1,107,057

Energy procurement	4	–488,779	–790,964
Materials and third party services		–32,329	–27,899
Concession fees	5	–12,240	–16,869
Personnel expenses		–69,806	–64,211
Other operating expenses	6	–22,015	–33,096
Depreciation/amortisation and impairment	7	–28,394	–23,000
Operating expenses		–653,563	–956,039

Operating earnings before interest, extraordinary items and taxes		112,639	151,018

Financial income	8	9,687	21,579
Financial expenses	8	–6,206	–12,446
Operating earnings before taxes		116,120	160,151

Non-operating income		444	473
Earnings before taxes		116,564	160,624

Taxes		–18,936	–27,696
Net earnings for the year		97,628	132,928