3.1Financial result

CHF 1,000

2025

2024

Share of profit of associates

1,595

3

Share of loss of associates

–604

–641

Total result from associates

991

–638

Interest income

105

237

Income from disposal of financial assets

11,080

-

Other financial income

40

26

Total financial income

11,225

262

Interest expenses

–6,270

–5,956

Other financial expenses

–317

–256

Total financial expenses

–6,587

–6,212

Total financial result

5,628

–6,588

The weighted average interest rate was 1.01% (2024: 1.41 %). The weighted average interest rate of the outstanding financial liabilities as at 31 December 2025 stands at 0.88 % (31.12.2024: 1.05 %).

In 2025, share of loss of associates includes the loss on the disposal of associates amounting to CHF 0.6 million (see Note 4.3, Note 4.4 and Note 4.5). Income from disposal of financial assets relates entirely to the gain on the partial sale of the minority interest in PHM Group TopCo Oy amounting to CHF 11.1 million (see Note 4.4). Other financial expenses include CHF 0.2 million for the issuance of bonds.

In 2024, other financial expenses include CHF 0.2 million for the issuance of bonds.

Accounting principles

The financial result includes the result from associates, interest income and expenses, exchange rate differences, gains and losses on securities and other financial income and expenses.