Balance sheet


(CHF million)	Notes	31.12.2025	31.12.2024
Assets
Cash and cash equivalents		63.0	225.6
Current fixed-term deposits		220.0	0.0
Current financial assets of Airport Zurich Noise Fund		42.6	39.5
Trade receivables	(1)	115.5	102.7
Other current receivables		7.9	24.8
Inventories		15.5	18.8
Prepaid expenses		69.3	87.4
Current assets		533.8	498.8
Non-current financial assets of Airport Zurich Noise Fund		274.5	281.2
Investments	(2)	161.5	161.5
Loans	(2)	395.0	349.5
Other non-current financial assets		0.0	0.5
Equity interest in co-ownership structure for the Circle	(3)	515.0	536.0
Property, plant and equipment	(4)	2,965.8	2,690.5
Right-of-use assets	(5)	88.3	110.0
Intangible asset from right of formal expropriation		20.8	21.5
Other intangible assets		21.5	28.2
Non-current assets		4,442.3	4,178.8

Total assets		4,976.1	4,677.6

Liabilities and equity
Trade payables		55.6	47.0
Other current liabilities	(6)	51.3	49.1
Current provision for aircraft noise	(8)	29.1	18.8
Other current provisions		6.7	5.6
Accruals and deferrals		138.3	129.4
Current liabilities		281.0	249.9
Non-current financial liabilities	(7)	1,065.0	915.0
Other non-current liabilities		82.4	101.5
Non-current provision for aircraft noise	(8)	399.1	408.0
Renovation fund		212.1	206.6
Non-current liabilities		1,758.6	1,631.1
Total liabilities		2,039.6	1,881.0

Share capital	(9)	307.0	307.0
Statutory capital reserves: capital contribution reserves		0.3	43.3
Statutory retained earnings		42.4	42.4
Voluntary retained earnings		109.9	109.9
Treasury shares	(10)	–0.9	–0.3
Profit carried forward		2,162.3	1,980.4
Result for the year		315.5	313.9
Equity		2,936.5	2,796.6

Total liabilities and equity		4,976.1	4,677.6