30Transactions with members of the Board of Directors, Executive Committee and related parties

Key management compensation

As of December 31, 2025, there are no outstanding loans with members of the Board of Directors or the Executive Committee. No shares have been granted to members of the Board of Directors, the Executive Committee, or related persons, with the exception of shares granted in connection with equity-settled plans and service awards.

Transactions and balances with associates and joint ventures

In 2025, the group recorded transactions and balances with associates and joint ventures. Sales with associates amounted to zero (2024: zero), other operating income amounted to zero (2024: CHF 0.3 million), the operating expenses amounted to CHF 0.3 million (2024: CHF 0.2 million), and as of December 31, 2025, trade receivables with associates amounted to zero (2024: CHF 0.3 million), and trade payables amounted to CHF 0.3 million (2024: CHF 0.0 million). The operating expenses with joint ventures amounted to CHF 5.8 million (2024: CHF 4.3 million), and interest income to CHF 0.1 million (2024: CHF 0.1 million). As of December 31, 2025, loan receivables amounted to CHF 1.7 million (2024: CHF 1.7 million), other receivables amounted to zero (2024: CHF 0.1 million), and payables amounted to zero (2024: CHF 0.6 million). See note 15 for details on the investments in associates and joint ventures.

Transactions and balances with other related parties

In 2025, open payables with related parties amounted to CHF 288.7 million (2024: CHF 408.4 million million), of which CHF 90.4 million (2024: CHF 90.4 million) related to the purchase of treasury shares (see note 26) and CHF 197.0 million (2024: CHF 318.0 million) related to outstanding dividend payments (see note 22 and note 26).

All related party transactions are priced on an arm’s-length basis.