Consolidated financial statementsConsolidated income statement

Consolidated income statement

millions of CHF	Notes	2026	2025
Sales	2	1’672.6	1’743.9
Cost of goods sold		–1’089.3	–1’158.5
Gross profit		583.2	585.4
Selling and distribution expenses		–170.2	–163.0
General and administrative expenses		–181.1	–185.1
Research and development expenses		–34.8	–36.7
Net impairment release / (loss) on contract assets and trade accounts receivable		–0.3	–4.2
Other operating income / (expenses), net	5	2.3	–3.7
Operating income (EBIT)		199.1	192.7
Interest and securities income	6	4.5	7.0
Interest expenses	6	–15.3	–14.2
Other financial income / (expenses), net	6	–9.8	–7.3
Share of profit / (loss) of associates and joint ventures		–0.6	–9.1
Income before income tax expenses		177.9	169.1
Income tax expenses	7	–39.1	–40.9
Net income		138.8	128.2
– thereof attributable to shareholders of Sulzer Ltd		137.8	127.5
– thereof attributable to non-controlling interests		0.9	0.8

Earnings per share (in CHF)
Basic earnings per share		4.07	3.77
Diluted earnings per share		4.05	3.74