Consolidated Income Statement

CHF million	Note	2025	2024
Net revenue	2.2	5,748.6	6,643.0
Own work capitalised		6.2	3.9
Other operating income		24.1	20.4
Total revenue and other income		5,779.0	6,667.3
Energy and inventory costs	2.3	– 4,920.2	– 4,854.4
Employee costs	2.4	– 264.3	– 246.2
Other operating expenses		– 161.2	– 179.8
Earnings before interest, tax, depreciation and amortisation (EBITDA)		433.2	1,386.9
Depreciation, amortisation and impairment	4.1/4.2	– 130.4	– 114.5
Earnings before interest and tax (EBIT)		302.8	1,272.3
Share of results of partner power plants and other associates	4.3	– 12.6	– 7.4
Finance costs	2.5	– 78.7	– 122.7
Finance income	2.5	13.0	34.5
Earnings before tax		224.6	1,176.7
Income tax expense	2.6	– 27.7	– 233.3
Net income		196.9	943.4
Attributable to non-controlling interests		– 3.4	1.6
Attributable to equity investors of Alpiq Holding Ltd.		200.3	941.8
Earnings per share in CHF, basic and diluted	2.7	6.05	27.37