Depreciation and amortisation, non-operating results
| In CHF million, except where indicated | 1.1.–30.9.2026 | 1.1.–30.9.2025 | Change | in % | ||||
|---|---|---|---|---|---|---|---|---|
| EBITDA after lease expense (EBITDAaL) | 3,833 | 3,777 | 56 | 1.5% | ||||
| Lease expense | 1,199 | 1,222 | (23) | –1.9% | ||||
| EBITDA | 5,032 | 4,999 | 33 | 0.6% | ||||
| Depreciation and amortisation of property, plant and equipment and intangible assets | (2,388) | (2,330) | (58) | 2.5% | ||||
| Depreciation of right-of-use assets | (1,157) | (1,184) | 27 | –2.3% | ||||
| Operating income (EBIT) | 1,487 | 1,485 | 2 | 0.1% | ||||
| Net interest expense on financial assets and liabilities | (169) | (175) | 6 | –3.2% | ||||
| Interest expense on lease liabilities | (72) | (79) | 7 | –9.1% | ||||
| Other financial result | (12) | (16) | 3 | –19.6% | ||||
| Income before income taxes | 1,234 | 1,216 | 18 | 1.5% | ||||
| Income tax expense | (223) | (228) | 5 | –2.4% | ||||
| Net income | 1,011 | 988 | 23 | 2.4% | ||||
| Earnings per share (in CHF) | 19.53 | 19.09 | 0.44 | 2.4% |
Net income increased by CHF 23 million or 2.4% to CHF 1,011 million, mainly due to the higher EBITDAaL. Income tax expense amounted to CHF 223 million (prior year: CHF 228 million), which corresponds to an effective income tax rate of 18.1% (prior year: 18.8%).