Reconciliation of alternative performance measures
in CHF million |
1.1.–30.9.2025 |
1.1.–30.9.2024 |
Change reported |
|||
|---|---|---|---|---|---|---|
| EBITDA after lease expense (EBITDAaL) | ||||||
| Operating income before depreciation and amortisation | 4,999 | 3,746 | 1,253 | |||
| Depreciation of right-of-use assets | (1,184) | (501) | (683) | |||
| Depreciation of indefeasible rights of use (IRU) | 41 | 13 | 28 | |||
| Interest expense on financial liabilities | (79) | (37) | (42) | |||
| EBITDA after lease expense (EBITDAaL) | 3,777 | 3,221 | 556 | |||
| Capital expenditure | ||||||
| Purchase of property, plant and equipment and intangible assets | 2,138 | 1,715 | 24.7% | |||
| Payments for indefeasible rights of use (IRU) | 33 | 16 | 106.3% | |||
| Capital expenditure | 2,171 | 1,731 | 25.4% | |||
| Operating free cash flow | ||||||
| Cash flow from operating activities | 4,339 | 3,269 | 1,070 | |||
| Purchase of property, plant and equipment and intangible assets | (2,138) | (1,715) | (423) | |||
| Payments for indefeasible rights of use (IRU) | (33) | (16) | (17) | |||
| Depreciation of right-of-use assets | (1,184) | (501) | (683) | |||
| Depreciation of indefeasible rights of use (IRU) | 41 | 13 | 28 | |||
| Proceeds from finance leases | (66) | (63) | (3) | |||
| Change in deferred gain from the sale and leaseback of real estate | 2 | 3 | (1) | |||
| Change in operating assets and liabilities | 53 | 134 | (81) | |||
| Change in provisions | 160 | 58 | 102 | |||
| Change in net defined benefit obligations | (16) | (3) | (13) | |||
| Gain on sale of property, plant and equipment | 19 | 7 | 12 | |||
| Loss on sale of property, plant and equipment | (2) | – | (2) | |||
| Expense for share-based payments | (1) | (1) | – | |||
| Revenue from finance leases | 73 | 59 | 14 | |||
| Interest received | (10) | (57) | 47 | |||
| Interest payments on financial liabilities | 142 | 62 | 80 | |||
| Dividends received | (1) | (1) | – | |||
| Income taxes paid | 228 | 242 | (14) | |||
| Operating free cash flow | 1,606 | 1,490 | 116 | |||
| Free cash flow | ||||||
| Cash flow from operating activities | 4,339 | 3,269 | 1,070 | |||
| Cash flow used in investing activities | (2,124) | (3,465) | 1,341 | |||
| Repayment of lease liabilities | (1,144) | (514) | (630) | |||
| Acquisition of subsidiaries, net of cash and cash equivalents acquired | 16 | 20 | (4) | |||
| Proceeds from equity-accounted investees | (1) | (1) | – | |||
| Purchase of other financial assets | 15 | 2,159 | (2,144) | |||
| Proceeds from other financial assets | (43) | (431) | 388 | |||
| Other cash flows from financing activities | 2 | – | 2 | |||
| Free cash flow | 1,060 | 1,037 | 23 |
in CHF million |
1.1.–30.9.2025 |
1.1.–30.9.2024 |
Change reported |
Change at constant exchange rates |
||||
|---|---|---|---|---|---|---|---|---|
| Revenue, reported | 11,175 | 8,160 | 36.9% | 38.0% | ||||
| Pro forma revenue Vodafone Italia | – | 3,257 | ||||||
| Revenue, pro forma | 11,175 | 11,417 | –2.1% | –1.3% | ||||
| EBITDA after lease expense (EBITDAaL), reported | 3,777 | 3,221 | 17.3% | 17.9% | ||||
| Pro forma EBITDAaL Vodafone Italia | – | 747 | ||||||
| EBITDAaL, pro forma | 3,777 | 3,968 | –4.8% | –4.3% | ||||
| Provisions for legal proceedings in Switzerland | (90) | (24) | ||||||
| Provisions for contractual risks in Switzerland | 52 | – | ||||||
| Restructuring cost in Switzerland | 12 | – | ||||||
| Integration cost of Vodafone Italia | 38 | – | ||||||
| Transaction cost for the acquisition of Vodafone Italia | – | 18 | ||||||
| Provisions for contractual risks in Italy | 8 | – | ||||||
| Pension cost (IAS 19 reconciliation) | 12 | (14) | ||||||
| EBITDAaL, adjusted | 3,809 | 3,948 | –3.5% | –3.0% | ||||
| Capital expenditure, reported | 2,171 | 1,731 | 25.4% | 26.3% | ||||
| Pro forma capital expenditure Vodafone Italia | – | 614 | ||||||
| Capital expenditure, pro forma | 2,171 | 2,345 | –7.4% | –6.7% | ||||
| INWIT mobile sites consolidation | ||||||||
| Integration capital expenditure of Vodafone Italia | (71) | (58) | ||||||
| Capital expenditure, adjusted | 2,100 | 2,287 | –8.2% | –7.5% | ||||
| Operating free cash flow, reported | 1,606 | 1,490 | 7.8% | 8.1% | ||||
| Pro forma operating free cash flow Vodafone Italia | – | 133 | ||||||
| Operating free cash flow, pro forma | 1,606 | 1,623 | –1.0% | –0.7% | ||||
| EBITDAaL adjustments | 32 | (20) | ||||||
| Capital expenditure adjustments | 71 | 58 | ||||||
| Operating free cash flow, adjusted | 1,709 | 1,661 | 2.9% | 3.2% |