The Swatch Group AG Balance Sheet

Financials in millions CHF. Fiscal year is January - December.

Millions CHF. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,010	1,103	1,683	2,176	1,979
Short-Term Investments	221	293	380	369	672
Cash & Short-Term Investments	1,231	1,396	2,063	2,545	2,651
Cash Growth	-11.82%	-32.33%	-18.94%	-4.00%	48.02%
Accounts Receivable	594	612	672	663	710
Other Receivables	-	119	115	115	153
Receivables	594	731	787	778	863
Inventory	7,295	7,641	7,309	6,873	6,389
Prepaid Expenses	295	194	219	169	171
Other Current Assets	182	44	124	28	33
Total Current Assets	9,597	10,006	10,502	10,393	10,107
Property, Plant & Equipment	3,121	3,036	2,958	2,623	2,715
Long-Term Investments	30	34	13	19	21
Other Intangible Assets	143	151	153	111	105
Long-Term Deferred Tax Assets	402	453	448	448	449
Long-Term Deferred Charges	-	-	-	35	39
Other Long-Term Assets	83	312	155	264	242
Total Assets	13,376	13,992	14,229	13,893	13,678
Accounts Payable	245	270	317	298	313
Accrued Expenses	421	442	527	491	574
Short-Term Debt	-	11	73	6	97
Current Portion of Long-Term Debt	36	9	2	2	1
Current Income Taxes Payable	-	67	123	119	147
Other Current Liabilities	281	223	178	210	245
Total Current Liabilities	983	1,022	1,220	1,126	1,377
Long-Term Debt	2	2	2	2	2
Pension & Post-Retirement Benefits	42	44	42	43	42
Long-Term Deferred Tax Liabilities	505	507	516	459	430
Other Long-Term Liabilities	190	200	191	212	222
Total Liabilities	1,722	1,775	1,971	1,842	2,073
Common Stock	118	118	118	118	118
Retained Earnings	15,043	15,274	15,416	14,858	14,336
Treasury Stock	-81	-132	-114	-123	-131
Comprehensive Income & Other	-3,519	-3,148	-3,223	-2,868	-2,783
Total Common Equity	11,561	12,112	12,197	11,985	11,540
Minority Interest	93	105	61	66	65
Shareholders' Equity	11,654	12,217	12,258	12,051	11,605
Total Liabilities & Equity	13,376	13,992	14,229	13,893	13,678
Total Debt	38	22	77	10	100
Net Cash (Debt)	1,193	1,374	1,986	2,535	2,551
Net Cash Growth	-13.17%	-30.82%	-21.66%	-0.63%	50.41%
Net Cash Per Share	22.98	26.57	38.27	48.89	49.24
Filing Date Shares Outstanding	51.9	51.77	51.87	51.84	51.81
Total Common Shares Outstanding	51.9	51.77	51.87	51.84	51.81
Working Capital	8,614	8,984	9,282	9,267	8,730
Book Value Per Share	222.74	233.97	235.13	231.21	222.74
Tangible Book Value	11,418	11,961	12,044	11,874	11,435
Tangible Book Value Per Share	219.98	231.05	232.19	229.07	220.72
Land	-	2,986	2,923	2,657	2,666
Machinery	-	5,421	5,215	5,057	4,974

Source: S&P Global Market Intelligence. Standard template. Financial Sources.