Proposal for the appropriation of voluntary retained earnings and available earnings
The Board of Directors will propose that the Annual General Meeting allocate part of the voluntary retained earnings to the statutory retained earnings:
(CHF million) | 31.12.2025 | |
Voluntary retained earnings | 109.9 | |
Allocation of voluntary retained earnings to the statutory retained earnings | –108.0 | |
Voluntary retained earnings | 1.9 | |
The Board of Directors will subsequently propose to the Annual General Meeting that the available earnings be used as follows:
(CHF million) | 31.12.2025 | |
Profit carried forward | 2,162.3 | |
Result for the year | 315.5 | |
Available earnings | 2,477.8 | |
Allocation to the statutory retained earnings 1 | –3.1 | |
Payment of an ordinary dividend of CHF 8.50 (gross) 2 | –261.0 | |
Available earnings to be carried forward | 2,213.7 | |
1Allocation to the statutory retained earnings until these amount to 50% of the share capital (Article 672 of the Swiss Code of Obligations).
2The proposed dividend covers all outstanding registered shares. However, those shares held by the company at the time of declaration of the dividend are not eligible to a dividend. For this reason, the dividend sum may be correspondingly lower.
