Statement of the Board of Directors

New mid-rise product in the US launched

Modernization solutions are successfully supporting our costumers

New elevator concept Schindler X8 introduced

Renewed recognition EcoVadis Platinum

The focus on executing our strategic agenda yielded results over the course of 2025. We continued to drive efficiency and profitability, despite testing market conditions and foreign exchange headwinds. Building on industry-leading innovation, standardization, and our unwavering customer focus, we further enhanced our competitiveness and remained committed to contributing to the decarbonization of cities.

Standardized product offering gaining traction

In the course of 2025, the rollout of the standardized modular elevator platform was completed. Leveraging the same platform, the new mid-rise product for the US enhances Schindler’s product offering in the local commercial and high-end residential segments and has received very positive customer feedback.

Additionally, we were able to successfully support our customers with our newly introduced modernization solutions.

Industry-leading innovation

April 2025 saw the launch of Schindler X8, a completely new elevator concept for new buildings and renovations. This innovation combines greater architectural freedom with breakthrough solutions, such as the new dynamic car break replacing conventional technology. With its premium interior design choices and enhanced eco-credentials, Schindler X8 is available in selected markets.

In collaboration with a customer, we have piloted the first ever low carbon-emissions steel elevator, helping them to optimize their CO₂ footprint and reinforcing our commitment to making cities and buildings more sustainable. This enables customers to optimize their CO₂ footprint and underscores our commitment to making cities and buildings more sustainable. The low carbon-emissions steel used for the product reduces carbon emissions for key components by up to 75% compared to conventional production.

Sustainability progress recognized by EcoVadis and CDP

Sustainability remains embedded in all aspects of our business, building on our industry-leading commitment to reach net-zero greenhouse gas emissions by 2040.

For the year 2025, Schindler’s sustainability management system was recognized with an EcoVadis Platinum medal, ranking Schindler in the top 1% of the more than 150 000 companies worldwide that are evaluated annually. In addition, Schindler was once again included in the CDP A-List of companies operating according to the highest environmental standards.

Commitment to people

Schindler once again secured its position among the top 50 companies in the Forbes ranking of the world’s best employers, placing third within the Engineering and Manufacturing sector. The ranking covers 900 companies across 50 countries and reflects our continued efforts to ensure workplace safety and to provide strong development opportunities for our employees.

Schindler has also received various “Top Employer” awards in numerous countries.

Financial performance

For the year 2025, order intake and revenue reached CHF 11 313 million and CHF 10 947 million, respectively, equivalent to a growth in local currencies of 3.1% and 1.3%, respectively. Operating profit increased to CHF 1 384 million, corresponding to an EBIT reported margin of 12.6%. The EBIT adjusted margin reached 13.3%. Net profit rose to CHF 1 073 million, corresponding to a net profit margin of 9.8%. Cash flow from operating activities decreased by 7% to CHF 1 490 million.

Profit and dividend

Schindler Holding Ltd. closed the year 2025 with a net profit of CHF 1 491 million (previous year: CHF 752 million). The Board of Directors will submit a proposal to the forthcoming General Meeting of Shareholders on March 24, 2026, for a dividend of CHF 6.00 per registered share and per participation certificate. In addition, an extraordinary dividend of CHF 0.80 per registered share and per participation certificate will be proposed.

Changes in the Board of Directors and in the Group Executive Committee

At the General Meeting of Shareholders on March 25, 2025, Josef Ming was elected to the Board of Directors and as Chairman. Marion Bonnard and Cyrill Bucher were newly elected to the Board of Directors. After more than 50 years of outstanding contribution to the Schindler Group, Luc Bonnard, who had been a member of the Board of Directors since 1984, did not stand for reelection.

Over the course of 2025, the Group Executive Committee saw various changes. Paolo Compagna was appointed Group CEO as of February 1, 2025. As of April 1, 2025, Meinolf Pohle, assumed responsibility for China and Patrick Hess joined the Group Executive Committee, leading Europe North. As of July 1, 2025, Nitin Chalke also joined the Group Executive Committee, taking responsibility for Asia-Pacific. In December 2025, Paolo Compagna assumed the role of Chief Human Resources Officer on an interim basis.

Outlook

For 2026, barring unexpected events, Schindler expects low to mid-single digit revenue growth in local currencies and an EBIT reported margin of 13%.

Thank you

We extend our gratitude to our customers for their long‑standing business relationships and their trust in our products and services, to our shareholders for their continued loyalty and relentless support, to our suppliers and business partners for their effective collaboration, and to our employees for their hard work and tireless dedication.

Josef Ming

Chairman of the Board of Directors

Patrice Bula

Vice Chairman of the Board of Directors