SWX:HBLN Cash Flow Statement

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
Net Income	20.03	20.45	21.28	18.03	17.91
Depreciation & Amortization	15.52	9.63	7.38	4.75	14.96
Provision for Credit Losses	0.3	1.06	1.37	1.44	1.62
Other Adjustments	4.72	6.75	10.42	4.1	0.37
Changes in Trading Assets	0.03	0.01	0	0.01	0.05
Changes in Accrued Interest and Accounts Receivable	2.14	6.14	1.88	1.58	2.3
Changes in Accrued Expenses	1	2.55	1.31	11.17	0.33
Changes in Other Operating Activities	8.64	8.64	8.28	8.28	7.92
Operating Cash Flow	26.35	22.16	31.53	26.25	21.74
Operating Cash Flow Growth	18.91%	-29.71%	20.12%	20.78%	-4.01%
Net Change in Short-Term Interbank Lending and Reverse Repurchase Agreements	106.21	65.41	49.65	103.16	31.39
Net Change in Loans Held-for-Investment	235.08	509.15	347.98	403.03	194.33
Net Change in Securities and Investments	125.54	203.53	84.48	26.61	42.67
Cash Acquisitions	32.97	0	0	0	0
Proceeds from Business Divestments	1.67	8.47	0.1	2.74	-
Sale of Property, Plant & Equipment	4.12	1.66	1.84	0.96	0.82
Proceeds from Sale of Intangible Assets	15.04	11.36	12.18	11.55	12.06
Other Investing Activities	10.42	6.33	5.9	10.63	2.41
Investing Cash Flow	531.04	805.9	502.14	558.69	283.68
Net Change in Deposits	704.5	235.14	341.01	350.61	484.99
Net Change in Short-Term Interbank Borrowing and Repurchase Agreements	146.04	23.2	68.02	167.14	103.42
Long-Term Debt Issued	141.32	80	29.18	129.56	128.87
Long-Term Debt Repaid	60	74.01	31.92	18.76	0
Net Long-Term Debt Issued (Repaid)	201.31	154.01	61.1	148.31	128.87
Issuance of Common Stock	0.05	0.06	0.06	0.02	0.04
Repurchase of Common Stock	6.79	5.94	8.37	6.3	5.21
Net Common Stock Issued (Repurchased)	6.85	6	8.42	6.32	5.25
Other Financing Activities	7.27	5.68	2.44	0.28	0.1
Financing Cash Flow	1,066	424.03	481	672.66	722.63
Net Cash Flow	1,623	1,252	1,015	1,258	1,028
Free Cash Flow	26.35	22.16	31.53	26.25	21.74
Free Cash Flow Growth	18.91%	-29.71%	20.12%	20.78%	-4.01%
FCF Margin	18.69%	19.43%	27.71%	30.16%	24.15%
Free Cash Flow Per Share	367.25	308.79	439.44	365.58	302.82