CONSOLIDATED BALANCE SHEET

CHF 1,000

Note

30.06.2026

31.12.2025

Cash and cash equivalents

2,243

1,205

Trade receivables

3,459

2,340

Other receivables

1,956

2,326

Properties held for sale

2.2

2,683

2,683

Prepaid expenses and accrued income

8,392

4,508

Total current assets

18,733

13,063

Investment properties

2.2

2,282,765

2,235,389

Tangible fixed assets

165

129

Financial assets

4.1

22,273

36,948

Total non-current assets

2,305,203

2,272,466

Total assets

2,323,936

2,285,529

Current financial liabilities

3.2

525,000

526,000

Trade payables

6,200

4,912

Other liabilities

3,498

3,803

Accrued expenses and deferred income

21,538

22,073

Total current liabilities

556,236

556,787

Bonds

3.2

100,000

100,000

Provisions

260

277

Deferred tax liabilities

182,686

174,463

Total non-current liabilities

282,946

274,740

Total liabilities

839,182

831,527

Share capital

1,280

1,280

Capital reserves

–440

–736

Treasury shares

–3,106

–4,284

Retained earnings

1,487,020

1,457,742

Total equity

1,484,753

1,454,002

Total equity and liabilities

2,323,936

2,285,529

The disclosures in the notes form an integral part of the consolidated financial statements.