Sulzer : Financial reporting (Sulzer Midyear Report 2025 Financial reporting)

About this update from Sulzer Ag

Financial reporting 20 Consolidated financial statements 20 Consolidated income statement 21 Consolidated statement of comprehensive income 22 Consolidated balance sheet 23 Consolidated statement of changes in equity 24 Consolidated statement of cash flows 26 Notes to the consolidated financial statements ‌Consolidated income statement January 1 - June 30 millions of CHF Notes 2025 2024 Sales 2 1'743.9 1'699.3 Cost of goods sold -1'158.5 -1'126.2 Gross profit 585.4 573.1 Selling and distribution expenses -163.0 -170.4 General and administrative expenses -185.1 -186.0 Research and development expenses -36.7 -36.9 Net impairment release / (loss) on contract assets and trade accounts receivable -4.2 -0.9 Other operating income / (expenses), net 5 -3.7 -8.7 Operating income (EBIT) 192.7 170.1 Interest and securities income 6 7.0 9.7 Interest expenses 6 -14.2 -14.1 Other financial income / (expenses), net 6 -7.3 -7.3 Share of profit / (loss) of associates and joint ventures -9.1 -2.1 Income before income tax expenses 169.1 156.3 Income tax expenses 7 -40.9 -38.9 Net income 128.2 117.4 - thereof attributable to shareholders of Sulzer Ltd 127.5 116.6 - thereof attributable to non-controlling interests 0.8 0.8 Earnings per share (in CHF) Basic earnings per share 3.77 3.44 Diluted earnings per share 3.74 3.40 ‌Consolidated statement of comprehensive income January 1 - June 30 millions of CHF Notes 2025 2024 Net income 128.2 117.4 Items that may be reclassified subsequently to the income statement Cash flow hedges, net of tax 14.9 -11.3 Currency translation differences -106.8 61.5 Total of items that may be reclassified subsequently to the income statement -92.0 50.2 Items that will not be reclassified to the income statement Remeasurements of defined benefit plans, net of tax 25.7 21.0 Equity investments at FVOCI - net change in fair value, net of tax 1.3 -2.7 Total of items that will not be reclassified to the income statement 27.0 18.3 Total other comprehensive income -64.9 68.5 Total comprehensive income for the period 63.3 185.9 - thereof attributable to shareholders of Sulzer Ltd 62.8 184.7 - thereof attributable to non-controlling interests 0.5 1.2 June 30, 2025 640.2 163.1 371.4 101.4 39.9 33.4 173.2 0.6 138.0 1'661.3 529.2 26.0 102.2 487.1 635.0 136.1 0.5 921.6 2'837.7 4'499.0 0.3 1'131.7 1'132.0 11.1 1'143.1 744.8 74.4 73.2 8.1 98.3 44.4 7.4 1'050.6 308.3 27.0 32.0 135.7 516.9 362.9 922.6 2'305.4 3'355.9 4'499.0 ‌Consolidated balance sheet millions of CHF Notes December 31, 2024 June 30, 2024 Non-current assets Goodwill 661.4 671.3 Other intangible assets 178.5 194.4 Property, plant and equipment 387.8 378.4 Lease assets 105.2 96.8 Associates and joint ventures 53.0 55.0 Other non-current financial assets 30.2 32.1 Defined benefit assets 144.0 190.9 Non-current receivables 1.9 0.9 Deferred income tax assets 153.6 145.1 Total non-current assets 1'715.5 1'764.8 Current assets Inventories 515.1 544.5 Current income tax receivables 28.4 30.5 Advance payments to suppliers 94.7 111.2 Contract assets 500.1 456.4 Trade accounts receivables 680.2 612.1 Other current receivables and prepaid expenses 118.8 123.4 Current financial assets 1.0 1.1 Cash and cash equivalents 1'060.6 931.4 Total current assets 2'998.8 2'810.5 Total assets 4'714.3 4'575.4 Equity Share capital 8 0.3 0.3 Reserves 1'223.3 1'140.4 Equity attributable to shareholders of Sulzer Ltd 1'223.6 1'140.7 Non-controlling interests 11.5 7.5 Total equity 1'235.1 1'148.2 Non-current liabilities Non-current borrowings 9 745.0 795.8 Non-current lease liabilities 78.3 71.6 Deferred income tax liabilities 67.9 85.9 Non-current income tax liabilities 8.1 2.7 Defined benefit obligations 106.1 123.6 Non-current provisions 10 46.2 47.6 Other non-current liabilities 7.3 7.7 Total non-current liabilities 1'058.9 1'135.0 Current liabilities Current borrowings 9 312.0 266.2 Current lease liabilities 26.6 24.9 Current income tax liabilities 43.1 26.0 Current provisions 10 143.8 144.9 Contract liabilities 531.3 469.5 Trade accounts payable 388.2 389.2 Other current and accrued liabilities 11 975.2 971.5 Total current liabilities 2'420.3 2'292.2 Total liabilities 3'479.1 3'427.1 Total equity and liabilities 4'714.3 4'575.4 ‌Consolidated statement of changes in equity January 1 - June 30 Attributable to shareholders of Sulzer Ltd 8 8 1'235.1 128.2 14.9 25.7 1.3 -106.8 -64.9 63.3 - -18.8 8.0 -144.5 1'143.1 Share Retained Treasury Cash flow hedge Currency translation Non-controlling Total millions of CHF Notes capital earnings shares reserve adjustment Total interests equity Equity as of January 1, 2024 0.3 1'979.5 -36.7 4.2 -852.0 1'095.4 3.2 1'098.6 Comprehensive income for the period: Net income 116.6 116.6 0.8 117.4 - Cash flow hedges, net of tax - - -11.3 - -11.3 - -11.3 - Remeasurements of defined benefit plans, net of tax - 21.0 - - - 21.0 - 21.0 - Equity investments at FVOCI - net change in fair value, net of tax - -2.7 - - - -2.7 - -2.7 - Currency translation differences - - - - 61.1 61.1 0.4 61.5 Other comprehensive income - 18.3 - -11.3 61.1 68.1 0.4 68.5 Total comprehensive income for the period - 134.9 - -11.3 61.1 184.7 1.2 185.9 Transactions with owners of the company: Changes in non-controlling interests - -3.2 - - - -3.2 3.2 0.0 Contribution from medmix - 0.1 - - - 0.1 - 0.1 Allocation of treasury shares to share plan participants - -18.1 18.1 - - - - - Purchase of treasury shares 8 - - -15.7 - - -15.7 - -15.7 Share-based payments - 6.6 - - - 6.6 - 6.6 Dividends 8 - -127.3 - - - -127.3 -0.1 -127.3 Equity as of June 30, 2024 0.3 1'972.6 -34.3 -7.1 -790.8 1'140.7 7.5 1'148.2 Equity as of January 1, 2025 0.3 2'095.2 -51.6 -3.2 -817.2 1'223.6 11.5 Comprehensive income for the period: Net income 127.5 127.5 0.8 - Cash flow hedges, net of tax - - - 14.9 - 14.9 - - Remeasurements of defined benefit plans, net of tax - 25.7 - - - 25.7 - - Equity investments at FVOCI - net change in fair value, net of tax - 1.3 - - - 1.3 - - Currency translation differences - - - - -106.5 -106.5 -0.3 Other comprehensive income - 27.0 - 14.9 -106.5 -64.6 -0.3 Total comprehensive income for the period - 154.5 - 14.9 -106.5 62.8 0.5 Transactions with owners of the company: Allocation of treasury shares to share plan participants - -11.2 11.2 - - - Purchase of treasury shares - - -18.8 - - -18.8 Share-based payments - 8.0 - - - 8.0 Dividends - -143.6 - - - -143.6 -0.9 Equity as of June 30, 2025 0.3 2'102.9 -59.2 11.7 -923.7 1'132.0 11.1 Attention : This is an excerpt of the original content. 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