Consolidated balance sheet (unaudited)

In CHF million	Note	30.9.2025	31.12.2024 restated¹	1.1.2024 restated¹

Assets
Cash and cash equivalents		193	1,523	148
Trade receivables	7	2,680	2,866	2,143
Receivables from finance leases		41	47	53
Other operating assets	7	1,761	1,739	1,323
Other financial assets		47	66	50
Current income tax assets		95	82	1
Total current assets		4,817	6,323	3,718
Property, plant and equipment		13,564	13,455	11,059
Intangible assets		5,733	6,054	1,737
Goodwill		6,433	6,443	5,172
Right-of-use assets		4,054	4,363	2,033
Equity-accounted investees		27	27	27
Receivables from finance leases		148	135	84
Other financial assets		465	545	745
Defined benefit assets		–	–	11
Deferred tax assets		326	269	225
Total non-current assets		30,750	31,291	21,093
Total assets		35,567	37,614	24,811


Liabilities and equity
Financial liabilities	5	933	1,639	718
Lease liabilities		926	835	340
Trade payables	7	2,458	2,647	1,567
Other operating liabilities	7	1,935	1,980	1,471
Provisions	9	147	221	115
Current income tax liabilities		333	286	203
Total current liabilities		6,732	7,608	4,414
Financial liabilities	5	11,807	12,382	4,947
Lease liabilities		2,772	3,127	1,681
Defined benefit obligations		53	55	21
Provisions	9	1,296	1,370	1,148
Deferred gain on sale and leaseback of real estate		75	77	81
Deferred tax liabilities		861	841	898
Total non-current liabilities		16,864	17,852	8,776
Total liabilities		23,596	25,460	13,190
Share capital		52	52	52
Capital reserves		136	136	136
Retained earnings		13,921	14,070	13,528
Foreign currency translation adjustments		(2,110)	(2,081)	(2,086)
Hedging reserves		(27)	(23)	(12)
Equity attributable to equity-holders of Swisscom Ltd		11,972	12,154	11,618
Non-controlling interests		(1)	–	3
Total equity		11,971	12,154	11,621
Total liabilities and equity		35,567	37,614	24,811
¹ See Note 1