Consolidated statement of cash flow

in CHF 1,000

01.01.– 30.06.2025

01.01.– 30.06.2024

Cash flow from operating activities

Group net income

28,788

11,506

Non-cash-related positions in Group results

11,018

18,449

Net increase/reduction in banking activities

1,200,164

1,846

Other cash flow from operating activities

–99,202

30,966

Net cash flow from operating activities

1,140,768

62,767

Cash flow from investment activities

Cash flow from financial instruments

61,398

97,368

Other investment activities

–5,308

–6,039

Net cash flow from investment activities

56,090

91,329

Cash flow from financing activities

Dividend distributions

–24,878

–30,890

Issuance/redemption of medium-term notes

2,752

–834

Redemption of debentures

0

0

Other financing activities

–1,189

–1,225

Net cash flow from financing activities

–23,315

–32,949

Foreign-currency translation impact

–18,876

54,622

Net increase/reduction in cash and cash equivalents

1,154,667

175,769

Cash and cash equivalents at the beginning of the financial year

1,300,112

2,160,582

Cash and cash equivalents at the end of the reporting period

2,454,779

2,336,351

Net increase/reduction in cash and cash equivalents

1,154,667

175,769

Cash and cash equivalents are represented by

Cash

1,797,405

1,770,423

Receivables arising from money market papers

0

0

Due from banks – at-sight balances

657,374

565,928

Total cash and cash equivalents

2,454,779

2,336,351