Consolidated statement of cash flow

in CHF 1,000

01.01.– 30.06.2026

01.01.– 30.06.2025

Cash flow from operating activities

Group net income

32,430

28,788

Non-cash-related positions in Group results

5,744

11,018

Net increase/reduction in banking activities

456,804

1,200,164

Other cash flow from operating activities

4,080

–99,202

Net cash flow from operating activities

499,058

1,140,768

Cash flow from investment activities

Cash flow from financial instruments

–72,558

61,398

Other investment activities

–5,745

–5,308

Net cash flow from investment activities

–78,303

56,090

Cash flow from financing activities

Dividend distributions

–25,050

–24,878

Issuance/redemption of medium-term notes

–314

2,752

Redemption of debentures

0

0

Other financing activities

–467

–1,189

Net cash flow from financing activities

–25,831

–23,315

Foreign-currency translation impact

–18,912

–18,876

Net increase/reduction in cash and cash equivalents

376,012

1,154,667

Cash and cash equivalents at the beginning of the financial year

1,964,952

1,300,112

Cash and cash equivalents at the end of the reporting period

2,340,964

2,454,779

Net increase/reduction in cash and cash equivalents

376,012

1,154,667

Cash and cash equivalents are represented by

Cash

1,547,446

1,797,405

Receivables arising from money market papers

0

0

Due from banks – at-sight balances

793,518

657,374

Total cash and cash equivalents

2,340,964

2,454,779