Swisscom : Q1 Interim report January – March 2026

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[{"type":"text","content":"\n \n Interim Report\n \n \n 2026\n \n Contents\n \n \n \n KPIs Group\n \n \n \n 3\n \n \n \n Notes to the interim financial statements\n \n \n \n 15\n \n \n About this report\n \n \n 15\n \n \n KPIs segments\n \n \n 4\n \n \n 1 Changes in accounting principles\n \n \n 15\n \n \n 2 Segment information\n \n \n 15\n \n \n Financial review\n \n \n 5\n \n \n 3 Operating costs\n \n \n 18\n \n \n Summary\n \n \n 5\n \n \n 4 Dividend\n \n \n 18\n \n \n Depreciation and amortisation, non-operating results\n \n \n 8\n \n \n 5 Financial liabilities\n \n \n 19\n \n \n Cash flows\n \n \n 9\n \n \n 6 Financial result\n \n \n 19\n \n \n Net asset position\n \n \n 9\n \n \n 7 Net current operating assets\n \n \n 20\n \n \n Financial outlook\n \n \n 10\n \n \n 8 Provisions and contingent liabilities\n \n \n 21\n \n \n Consolidated interim financial statements\n \n \n 11\n \n \n Alternative performance measures\n \n \n 22\n \n \n Consolidated statement of\n \n \n Reconciliation of alternative performance measures\n \n \n 23\n \n \n comprehensive income (unaudited)\n \n \n 11\n \n \n Consolidated balance sheet (unaudited)\n \n \n 12\n \n \n Further information\n \n \n 25\n \n \n Consolidated statement of cash flows (unaudited)\n \n \n 13\n \n \n Share information\n \n \n 25\n \n Consolidated statement of changes in equity (unaudited) 14\n \n \n Quarterly review 2025 and 2026 26\n \n \n Disclaimer 28\n \n Q1 2026\n \n ‌KPIs Group\n \n Revenue\n \n \n 3,606\n \n \n 3,759\n \n \n (153)\n \n \n -4.1%\n \n \n EBITDA after lease expense (EBITDAaL)\n \n \n 1,288\n \n \n 1,277\n \n \n 10\n \n \n 0.8%\n \n \n Capital expenditure\n \n \n 693\n \n \n 780\n \n \n (86)\n \n \n -11.0%\n \n \n Operating free cash flow\n \n \n 594\n \n \n 498\n \n \n 96\n \n \n 19.3%\n \n \n Free cash flow\n \n \n 586\n \n \n 471\n \n \n 115\n \n \n 24.3%\n \n \n Net income\n \n \n 332\n \n \n 367\n \n \n (35)\n \n \n -9.6%\n \n \n Equity\n \n \n 11,157\n \n \n 12,598\n \n \n (1,441)\n \n \n -11.4%\n \n \n Net debt\n \n \n 16,176\n \n \n 15,634\n \n \n 542\n \n \n 3.5%\n \n In CHF million, except where indicated Financial data1\n Q1 2025 Change in %\n \n \n \n Operational data Switzerland\n \n Postpaid value connections\n \n \n thousand\n \n \n 4,421\n \n \n 4,403\n \n \n 19\n \n \n 0.4%\n \n \n Broadband connections\n \n \n thousand\n \n \n 1,918\n \n \n 1,953\n \n \n (34)\n \n...

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