Table of contents for the 3rd Interim Report 2026 report

Interim Report 2026KPIs GroupKPIs segmentsFinancial review
SummaryDepreciation and amortisation, non-operating resultsCash flowsNet asset positionFinancial outlook
Consolidated interim financial statements
Consolidated statement of comprehensive income (unaudited)Consolidated balance sheet (unaudited)Consolidated statement of cash flows (unaudited)Consolidated statement of changes in equity (unaudited)
Notes to the interim financial statements
About this report1 Changes in accounting principles2 Segment information3 Operating costs4 Equity5 Financial liabilities6 Financial result7 Net current operating assets8 Provisions and contingent liabilities
Alternative performance measures
Reconciliation of alternative performance measures
Further information
Share informationQuarterly review 2025 and 2026Disclaimer

3 Operating costs

Direct costs

In CHF million 1.1.–30.9.2026 1.1.–30.9.2025
Customer premises equipment and merchandise 1,035 1,022
Services purchased 726 815
Costs to obtain a contract 375 370
Costs to fulfil a contract 16 52
Network access costs 435 540
Allowances for receivables and contract assets 79 74
Total direct costs 2,667 2,873

Indirect costs

In CHF million 1.1.–30.9.2026 1.1.–30.9.2025
Salary and social security expenses 2,162 2,216
Other personnel expense 86 65
Total personnel expense 2,248 2,281
Information technology cost 286 252
Maintenance expense 214 223
Energy costs 334 330
Advertising and selling expenses 150 149
Consultancy expenses and freelance workforce 74 81
Network capacity rental 45 54
Call centre services purchased 92 107
Administration expense 32 30
Miscellaneous operating expenses 386 526
Total other operating expense 1,612 1,752
Capitalised self-constructed tangible and intangible assets (495) (502)
Own work for capitalised contract costs (17) (23)
Gain on sale of property, plant and equipment (6) (19)
Miscellaneous income (106) (186)
Total capitalised self-constructed assets and other income (624) (730)
Total indirect costs 3,237 3,303

Capitalised self-constructed tangible and intangible assets include personnel costs for the manufacture of technical installations, the construction of network infrastructure and the development of software for internal use.