(CHF million) | Regulated business | Noise | Non-regulated business | International | Eliminations | Consolidated | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
First half 2026 | ||||||||||||
Revenue from contracts with customers (IFRS 15) | 345.1 | 0.0 | 93.3 | 66.6 | 0.0 | 505.1 | ||||||
Other revenue (non-IFRS 15) | 0.1 | 0.0 | 168.4 | 0.0 | 0.0 | 168.5 | ||||||
Revenue from third parties | 345.2 | 0.0 | 261.7 | 66.6 | 0.0 | 673.6 | ||||||
Inter-segment revenue | 16.2 | 0.0 | 59.0 | 0.0 | –75.2 | 0.0 | ||||||
Total revenue | 361.4 | 0.0 | 320.7 | 66.6 | –75.2 | 673.6 | ||||||
Personnel expenses | –55.2 | –0.9 | –74.7 | –6.8 | 0.0 | –137.6 | ||||||
Other operating expenses | –89.8 | –0.6 | –50.1 | –21.3 | 0.0 | –161.8 | ||||||
Inter-segment operating expenses | –58.7 | –0.3 | –15.6 | –0.6 | 75.2 | 0.0 | ||||||
Segment result (EBITDA) | 157.8 | –1.8 | 180.3 | 37.9 | 0.0 | 374.2 | ||||||
Depreciation and amortisation | –80.2 | –1.3 | –65.6 | –8.4 | 0.0 | –155.6 | ||||||
Segment result (EBIT) | 77.6 | –3.1 | 114.7 | 29.5 | 0.0 | 218.6 | ||||||
Finance result | –12.5 | |||||||||||
Share of result of associates | 0.0 | |||||||||||
Income taxes | –42.4 | |||||||||||
Consolidated result | 163.7 | |||||||||||
Invested capital as at 30 June 2026 | 1,777.5 | 63.2 | 1,858.2 | 1,160.5 | 4,859.4 | |||||||
Non-interest-bearing non-current liabilities | 362.6 | |||||||||||
Non-interest-bearing current liabilities | 373.5 | |||||||||||
Total assets as at 30 June 2026 | 5,595.5 | |||||||||||
ROIC (in %) 1 | 8.6 | –9.0 | 10.1 | 3.7 | 7.9 |
(CHF million) | Aviation | PRM | User fees | Air security | Access fees | Eliminations | Total regulated business | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
First half 2026 | ||||||||||||||
Revenue from contracts with customers (IFRS 15) | 201.6 | 7.8 | 45.7 | 89.0 | 1.0 | 0.0 | 345.1 | |||||||
Other revenue (non-IFRS 15) | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | |||||||
Revenue from third parties | 201.7 | 7.8 | 45.7 | 89.0 | 1.0 | 0.0 | 345.2 | |||||||
Inter-segment revenue | 20.0 | 0.0 | 3.4 | 5.4 | 1.5 | –14.2 | 16.2 | |||||||
Total revenue | 221.8 | 7.9 | 49.1 | 94.4 | 2.5 | –14.2 | 361.4 | |||||||
Personnel expenses | –40.5 | –5.9 | –6.3 | –1.7 | –0.7 | 0.0 | –55.2 | |||||||
Other operating expenses | –22.8 | –0.1 | –3.2 | –38.0 | –25.7 | 0.0 | –89.8 | |||||||
Inter-segment operating expenses | –41.1 | –1.9 | –12.7 | –10.8 | –6.4 | 14.2 | –58.7 | |||||||
EBITDA | 117.4 | –0.1 | 26.8 | 43.9 | –30.3 | 0.0 | 157.8 | |||||||
Depreciation and amortisation | –53.4 | –0.2 | –21.6 | –3.7 | –1.1 | 0.0 | –80.2 | |||||||
EBIT | 63.9 | –0.3 | 5.2 | 40.2 | –31.4 | 0.0 | 77.6 | |||||||
Invested capital as at 30 June 2026 | 1,207.4 | 5.0 | 471.2 | 74.7 | 19.3 | 1,777.5 | ||||||||
ROIC (in %) 1 | 10.3 | –2.6 | 1.6 | 102.7 | –259.5 | 8.6 |
1Based on the result for the 12-month period preceding the reporting date.
The reportable segments for the prior-year period are as follows:
(CHF million) | Regulated business | Noise | Non-regulated business | International | Eliminations | Consolidated | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
First half 2025 | ||||||||||||
Revenue from contracts with customers (IFRS 15) | 327.2 | 0.0 | 90.8 | 57.6 | 0.0 | 475.6 | ||||||
Other revenue (non-IFRS 15) | 0.1 | 0.0 | 165.0 | 0.0 | 0.0 | 165.1 | ||||||
Revenue from third parties | 327.3 | 0.0 | 255.8 | 57.6 | 0.0 | 640.7 | ||||||
Inter-segment revenue | 17.9 | 0.0 | 59.6 | 0.0 | –77.5 | 0.0 | ||||||
Total revenue | 345.2 | 0.0 | 315.3 | 57.6 | –77.5 | 640.7 | ||||||
Personnel expenses | –51.1 | –0.9 | –73.8 | –5.8 | 0.0 | –131.6 | ||||||
Other operating expenses | –85.5 | –1.5 | –48.3 | –14.9 | 0.0 | –150.3 | ||||||
Inter-segment operating expenses | –59.2 | –0.4 | –17.2 | –0.7 | 77.5 | 0.0 | ||||||
Segment result (EBITDA) | 149.3 | –2.7 | 176.1 | 36.2 | 0.0 | 358.8 | ||||||
Depreciation and amortisation | –78.0 | –1.2 | –63.9 | –6.6 | 0.0 | –149.7 | ||||||
Segment result (EBIT) | 71.3 | –3.9 | 112.2 | 29.6 | 0.0 | 209.1 | ||||||
Finance result | –7.1 | |||||||||||
Share of result of associates | 0.0 | |||||||||||
Income taxes | –40.7 | |||||||||||
Consolidated result | 161.3 | |||||||||||
Invested capital as at 30 June 2025 | 1,748.8 | 61.7 | 1,857.1 | 961.9 | 4,629.4 | |||||||
Non-interest-bearing non-current liabilities | 381.7 | |||||||||||
Non-interest-bearing current liabilities | 305.0 | |||||||||||
Total assets as at 30 June 2025 | 5,316.1 | |||||||||||
ROIC (in %) 1 | 8.1 | –9.0 | 10.5 | 4.2 | 8.0 |
(CHF million) | Aviation | PRM | User fees | Air security | Access fees | Eliminations | Total regulated business | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
First half 2025 | ||||||||||||||
Revenue from contracts with customers (IFRS 15) | 191.7 | 7.4 | 42.9 | 84.3 | 0.8 | 0.0 | 327.2 | |||||||
Other revenue (non-IFRS 15) | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | |||||||
Revenue from third parties | 191.8 | 7.4 | 42.9 | 84.3 | 0.8 | 0.0 | 327.3 | |||||||
Inter-segment revenue | 20.9 | 0.0 | 3.0 | 5.4 | 1.6 | –13.0 | 17.9 | |||||||
Total revenue | 212.7 | 7.4 | 45.9 | 89.7 | 2.4 | –13.0 | 345.2 | |||||||
Personnel expenses | –37.6 | –5.1 | –6.1 | –1.6 | –0.7 | 0.0 | –51.1 | |||||||
Other operating expenses | –19.5 | 0.1 | –3.1 | –37.6 | –25.5 | 0.0 | –85.5 | |||||||
Inter-segment operating expenses | –40.4 | –1.7 | –13.5 | –10.2 | –6.4 | 13.0 | –59.2 | |||||||
EBITDA | 115.2 | 0.7 | 23.1 | 40.4 | –30.1 | 0.0 | 149.3 | |||||||
Depreciation and amortisation | –53.1 | –0.2 | –19.9 | –3.5 | –1.3 | 0.0 | –78.0 | |||||||
EBIT | 62.1 | 0.6 | 3.3 | 36.9 | –31.4 | 0.0 | 71.3 | |||||||
Invested capital as at 30 June 2025 | 1,187.0 | 5.8 | 469.7 | 66.2 | 20.1 | 1,748.8 | ||||||||
ROIC (in %) 1 | 9.9 | 24.9 | 1.5 | 103.1 | –248.3 | 8.1 |
1Based on the result for the 12-month period preceding the reporting date.