Consolidated statement of changes in equity

In CHF million Share capital Capital reserves Retained earnings Foreign currency translation adjustments Hedging reserves Equity attributable to equity holders of Swisscom Non-controlling interests Total equity
Balance at 31 December 2023 52 136 13,529 (2,086) (12) 11,619 3 11,622
Change in accounting policies¹ – – (1) – – (1) – (1)
Balance at 1 January 2024, restated 52 136 13,528 (2,086) (12) 11,618 3 11,621
Net income – – 1,542 – – 1,542 (1) 1,541
Other comprehensive income – – 146 5 (11) 140 – 140
Comprehensive income – – 1,688 5 (11) 1,682 (1) 1,681
Dividends paid – – (1,140) – – (1,140) – (1,140)
Other changes – – (6) – – (6) (2) (8)
Balance at 31 December 2024 52 136 14,070 (2,081) (23) 12,154 – 12,154
Net income – – 1,271 – – 1,271 (1) 1,270
Other comprehensive income – – 13 (64) 3 (48) – (48)
Comprehensive income – – 1,284 (64) 3 1,223 (1) 1,222
Dividends paid – – (1,140) – – (1,140) – (1,140)
Other changes – – 2 – – 2 – 2
Balance at 31 December 2025 52 136 14,216 (2,145) (20) 12,239 (1) 12,238
1 See ’General information and changes in accounting policies’ in the notes to the financial statements.