26 Related parties
Schindler Holding Ltd., Hergiswil, Switzerland, is the ultimate holding company of the Group and is not controlled by any other company.
As of December 31, 2025, the Schindler and Bonnard families – within the scope of shareholder agreements –and parties related to these families, held 46 036 921 registered shares of Schindler Holding Ltd. (previous year: 46 640 198). This corresponds to 68.6% of the voting rights of the share capital recorded in the Commercial Register (previous year: 69.5%).
Business transactions with related parties are generally conducted on an arm’s length basis. Transactions involving goods and services are carried out at prices and under terms and conditions that are consistent with those applied to third parties.
Transactions with associates and other related parties consist of the following:
| In CHF million | 2025 | 2024 | ||
|---|---|---|---|---|
| Associates | ||||
| Accounts receivable and loans | 11 | 5 | ||
| Liabilities | 2 | 5 | ||
| Revenue | 8 | 10 | ||
| Material and operating expenses | 14 | 18 | ||
| Other related parties | ||||
| Liabilities towards shareholders | 7 | 8 | ||
| Interest expenses | – | – |
The compensation of key management is disclosed in note 6.4.