26Other current and accrued liabilities

millions of CHF

 

2025

 

2024

Liability related to the purchase of treasury shares

 

90.4

 

90.4

Outstanding dividend payments

 

197.0

 

318.0

Taxes (VAT, withholding tax)

 

41.4

 

41.9

Derivative financial instruments

 

4.6

 

10.3

Contingent consideration

 

1.0

 

Other current liabilities

 

48.7

 

57.3

Total other current liabilities as of December 31

 

383.0

 

518.0

 

 

 

 

 

Contract-related costs

 

101.9

 

136.3

Salaries, wages and bonuses

 

121.3

 

140.1

Vacation and overtime claims

 

26.1

 

26.6

Other accrued liabilities

 

160.7

 

154.2

Total accrued liabilities as of December 31

 

410.0

 

457.2

 

 

 

 

 

Total other current and accrued liabilities as December 31

 

793.1

 

975.2

In 2025, outstanding dividends increased by CHF 46.2 million in connection with the 2024 dividend (see note 22). In addition, Sulzer provided CHF 167.2 million to settle a loan between Tiwel Holding AG and a Russian bank. The settlement did not require any flow of funds from Switzerland or any other country to Russia. The loan, secured by Sulzer shares, fell due in July 2025. The payment was executed based on approval from all relevant national and international authorities.