Consolidated balance sheet

In CHF million Note 31.12.2025 31.12.2024 restated 1 1.1.2024 restated 1
Assets
Cash and cash equivalents 258 1,523 148
Trade receivables 3.1 2,494 2,886 2,143
Receivables from finance leases 2.3 34 47 46
Other operating assets 3.1 1,648 1,807 1,323
Other financial assets 2.5 598 66 50
Current income tax assets 6.1 96 82 1
Non-current assets held for sale – – 7
Total current assets 5,128 6,411 3,718
Property, plant and equipment 3.2 13,663 13,454 11,059
Intangible assets 3.3 5,682 6,049 1,737
Goodwill 3.4 6,575 6,596 5,172
Right-of-use assets 2.3 3,949 4,215 2,033
Equity-accounted investees 5.4 26 27 27
Receivables from finance leases 2.3 136 135 84
Other financial assets 2.5, 6.3 510 628 745
Defined benefit assets 4.3 – – 11
Deferred tax assets 6.1 354 330 225
Total non-current assets 30,895 31,434 21,093
Total assets 36,023 37,845 24,811
Liabilities and equity
Financial liabilities 2.2 1,216 1,660 718
Lease liabilities 2.3 898 835 340
Trade payables 3.1 2,386 2,647 1,560
Other operating liabilities 3.1 1,761 1,951 1,471
Provisions 3.5 179 221 115
Current income tax liabilities 6.1 308 286 203
Total current liabilities 6,748 7,600 4,407
Financial liabilities 2.2 11,773 12,500 4,947
Lease liabilities 2.3 2,831 3,130 1,688
Defined benefit obligations 4.3 50 55 21
Provisions 3.5 1,408 1,468 1,148
Deferred gain on sale and leaseback of real estate 2.3 74 77 81
Deferred tax liabilities 6.1 901 861 898
Total non-current liabilities 17,037 18,091 8,783
Total liabilities 23,785 25,691 13,190
Share capital 52 52 52
Capital reserves 136 136 136
Retained earnings 2.1 14,216 14,070 13,528
Foreign currency translation adjustments 2.1 (2,145) (2,081) (2,086)
Hedge reserves 2.1 (20) (23) (12)
Equity attributable to equity holders of Swisscom Ltd 12,239 12,154 11,618
Non-controlling interests (1) – 3
Total equity 12,238 12,154 11,621
Total liabilities and equity 36,023 37,845 24,811
1 See ’General information and changes in accounting policies’ in the notes to the financial statements.