Consolidated balance sheet

In CHF million	Note	31.12.2025	%	31.12.2024	%
Current assets
Cash and cash equivalents		2 304	19.6	2 599	21.7
Financial assets	11	1 978	16.9	1 481	12.3
Accounts receivable	10	1 964	16.8	2 013	16.8
Income tax receivable		142	1.2	150	1.3
Contract assets	15	728	6.2	785	6.5
Inventories	16	1 020	8.7	1 157	9.6
Prepaid expenses		118	1.0	103	0.9
Total current assets		8 254	70.4	8 288	69.1

Non-current assets
Property, plant, and equipment	17	810	6.9	861	7.2
Right-of-use assets	18	518	4.4	507	4.2
Intangible assets	19	1 412	12.1	1 416	11.8
Financial assets and other assets	11	403	3.4	564	4.7
Associates		25	0.2	19	0.2
Deferred taxes	21	275	2.4	317	2.6
Employee benefits	6	25	0.2	25	0.2
Total non-current assets		3 468	29.6	3 709	30.9
Total assets		11 722	100.0	11 997	100.0

In CHF million	Note	31.12.2025	%	31.12.2024	%
Liabilities
Current liabilities
Accounts payable	12	1 373	11.6	1 392	11.6
Financial debts	14	66	0.6	227	1.9
Lease liabilities	18	140	1.2	134	1.1
Income tax payable		206	1.8	184	1.5
Contract liabilities	15	2 347	20.0	2 555	21.3
Accrued expenses	13	1 111	9.5	1 079	9.0
Provisions	20	244	2.1	253	2.1
Total current liabilities		5 487	46.8	5 824	48.5

Non-current liabilities
Financial debts	14	110	0.9	92	0.8
Lease liabilities	18	372	3.2	359	3.0
Provisions	20	239	2.0	266	2.2
Deferred taxes	21	136	1.2	165	1.4
Employee benefits	6	231	2.0	242	2.0
Total non-current liabilities		1 088	9.3	1 124	9.4
Total liabilities		6 575	56.1	6 948	57.9

Equity
Share and participation capital	22	11	0.1	11	0.1
Share premium		311	2.6	311	2.6
Treasury shares	22	–281	–2.4	–88	–0.7
Exchange differences		–1 361	–11.6	–1 232	–10.3
Other reserves	22	–3	–	7	0.1
Retained earnings		6 379	54.4	5 945	49.5
Equity attributable to Schindler shareholders		5 056	43.1	4 954	41.3
Equity attributable to non-controlling interests		91	0.8	95	0.8
Total equity		5 147	43.9	5 049	42.1
Total liabilities and equity		11 722	100.0	11 997	100.0