Consolidated income statement

in CHF 1,000	Note	01.01.– 30.06.2025	01.01.– 30.06.2024	Variance absolute	Variance in %
Interest income from financial instruments at amortised cost		97,641	140,178	–42,537	–30.3
Other interest income¹		48,285	45,985	2,300	5.0
Interest expense using the effective interest method		72,692	110,231	–37,539	–34.1
Total net interest income¹	1, 18	73,234	75,932	–2,698	–3.6
Commission income		79,428	79,670	–242	–0.3
Commission expenses		10,410	11,414	–1,004	–8.8
Total net income from commission business and services	2	69,018	68,256	762	1.1
Income from trading activities¹	3	18,942	14,632	4,310	29.5
Income from financial instruments	4	8,804	3,522	5,282	150.0
Other income	5	5,356	305	5,051	n.a.
Total operating income		175,354	162,647	12,707	7.8

Personnel expenses	6	85,893	85,707	186	0.2
General and administrative expenses	7	41,913	43,712	–1,799	–4.1
Depreciation of property, equipment and intangible assets	8, 18	14,997	18,685	–3,688	–19.7
Credit loss expenses	9	–458	89	–547	n.a.
Provisions and losses	9	496	629	–133	–21.1
Operating expenses		142,841	148,822	–5,981	–4.0

Earnings before income tax		32,513	13,825	18,688	135.2

Taxes on income	10	3,725	2,319	1,406	60.6
Group net income		28,788	11,506	17,282	150.2


Share information (in CHF)
Undiluted group net income per registered share A	11	4.63	1.86
Undiluted group net income per registered share B	11	0.46	0.19

Diluted group net income per registered share A	11	4.61	1.85
Diluted group net income per registered share B	11	0.46	0.19

1Changes to presentation (note 1, 3 and principles underlying financial statement reporting) and restatement of prior-year figures.