Consolidated balance sheet

(CHF million)

Notes

31.12.2025

31.12.2024

Assets

Property, plant and equipment

(8)

3,340.6

3,097.3

Right-of-use assets

(9)

100.1

132.9

Investment property

(10)

668.3

541.4

Investments in airport operator projects

(11)

331.6

342.8

Intangible asset from right of formal expropriation

(11)

32.5

28.8

Other intangible assets

(11)

22.8

28.3

Investments in associates

(12)

0.0

0.0

Non-current financial assets of Airport Zurich Noise Fund

(13)

274.2

280.7

Non-current fixed-term deposits

(16)

8.5

5.3

Other non-current financial assets

1.1

1.6

Deferred tax assets

(21)

1.5

4.4

Employee benefit assets

(22)

30.4

0.0

Total non-current assets

4,811.7

4,463.5

Inventories

15.7

19.0

Current financial assets of Airport Zurich Noise Fund

(13)

42.6

39.5

Other current financial assets

37.7

34.9

Trade receivables

(14)

134.9

118.7

Other receivables and prepaid expenses

(15)

146.0

199.7

Current tax assets

5.1

4.0

Current fixed-term deposits

(16)

220.0

0.0

Cash and cash equivalents

(16)

159.6

323.2

Total current assets

761.6

739.0

Total assets

5,573.3

5,202.5

Equity and liabilities

Share capital

(17)

307.0

307.0

Treasury shares

–0.9

–0.3

Other reserves

83.3

126.3

Translation reserve

–196.3

–155.8

Retained earnings

2,955.8

2,689.1

Equity attributable to shareholders of Zurich Airport Ltd.

3,148.9

2,966.3

Equity attributable to non-controlling interests

0.1

0.1

Total equity

3,149.0

2,966.4

Non-current financial liabilities

(18)

1,694.4

1,481.4

Non-current provisions for formal expropriations plus sound insulation and resident protection

(19)

250.7

265.5

Deferred tax liabilities

(21)

82.5

69.0

Employee benefit obligations

(22)

10.1

41.7

Contract liabilities

30.9

39.8

Non-current liabilities

2,068.6

1,897.4

Trade payables

71.8

63.4

Current financial liabilities

(18)

25.6

28.3

Current provisions for formal expropriations plus sound insulation and resident protection

(19)

29.1

18.8

Current tax liabilities

29.0

27.0

Other current liabilities, accruals and deferrals

(23)

200.2

201.2

Current liabilities

355.7

338.7

Total liabilities

2,424.3

2,236.1

Total equity and liabilities

5,573.3

5,202.5