4.6 Cash and cash equivalents
CHF million | 31 Dec 2025 | 31 Dec 2024 |
Cash at bank and in hand | 1,355.7 | 1,332.3 |
Term deposits with a maturity of 90 days or less | 140.1 | 228.8 |
Total | 1,495.8 | 1,561.1 |
Cash at bank and in hand include foreign subsidiaries’ bank accounts with a total balance of EUR 1.9 million, converted CHF 1.8 million, (previous year: EUR 17.5 million, converted CHF 16.5 million), which is pledged in accordance with regulations in local finance agreements. These funds are therefore not freely available in full for the Alpiq Group.