Balance sheet

As of December 31,
in CHF	Note	2025	2024

Assets
Cash and cash equivalents		381,600	212,619
Other current receivables due from third parties		1,057,391	1,992,736
Other current receivables due from group companies		35,735,177	2,116,381
Short-term loans due from group companies		-	152,919,173
Financial assets	3	-	3,545,252

Current assets		37,174,168	160,786,161
Investments	4	678,181,748	211,097,254
Property, plant and equipment		10,109,879	10,417,847
Long-term loans due from group companies		257,184,959	-

Non-current assets		945,476,586	221,515,101

Total assets		982,650,754	382,301,262

As of December 31,
in CHF	Note	2025	2024

Liabilities and equity
Other current liabilities due to third parties		3,932,798	3,545,138
Other current liabilities due to group companies		262,897	498,158
Accruals and deferred income due to third parties		3,243,839	13,355,611
Accruals and deferred income due to group companies		46,600	23

Current liabilities		7,486,134	17,398,930

Shareholders’ equity
Share capital	5	2,211,030	1,585,815
Legal capital reserves
Share premium		159,170,062	124,596,898
Capital contribution reserves (Swiss)	6	819,913	18,761,557
Capital contribution reserves (non-Swiss)	6	617,741,700	25,247,493
Treasury shares
Treasury shares	7	–69,998,938	–72,986,940
Available earnings
Profit brought forward		231,207,515	230,052,096
Profit for the period		34,013,338	37,645,413

Equity		975,164,620	364,902,332

Total liabilities and equity		982,650,754	382,301,262