Integrated Annual Report 2025

Financial Report – Consolidated financial statements

Consolidated statement of changes in equity

PwC SchweizPwC Switzerland

EUR million

Share capital

Capital reserves

Own shares

Retained earnings

Equity attributable to share- holders of Zehnder Group AG

Minority interests

Total equity

Goodwill offset

Other retained earnings

Translation differences

Equity at 1.1.2025

0.4

–0.2

–6.1

–270.9

515.6

–6.4

232.3

9.2

241.5

Capital reduction

-

-

-

-

-

-

-

-

-

Purchase of own shares

-

-

–3.9

-

-

-

–3.9

-

–3.9

Sale of own shares

-

-

1.2

-

0.6

-

1.8

-

1.8

Share-based compensation

– Transfers

-

-

1.0

-

–1.0

-

-

-

-

– Granted

-

-

-

-

1.7

-

1.7

-

1.7

Net profit/(loss)

-

-

-

-

46.3

-

46.3

1.5

47.8

Netted goodwill

-

-

-

–0.6

-

-

–0.6

-

–0.6

Change in minority interests

-

-

-

-

-

-

-

-

-

Dividends

-

-

-

-

–11.8

-

–11.8

–1.2

–13.0

Currency effects

-

-

-

-

-

–7.0

–7.0

–0.7

–7.7

Equity at 31.12.2025

0.4

–0.2

–7.8

–271.5

551.3

–13.4

258.7

8.8

267.5

Equity at 1.1.2024

0.4

33.6

–39.9

–187.0

530.4

–4.8

332.6

14.7

347.3

Capital reduction

-

–33.8

33.8

-

-

-

-

-

-

Purchase of own shares

-

-

–4.3

-

-

-

–4.3

-

–4.3

Sale of own shares

-

-

3.0

-

–0.8

-

2.2

-

2.2

Share-based compensation

– Transfers

-

-

1.4

-

–2.0

-

–0.6

-

–0.6

– Granted

-

-

-

-

1.6

-

1.6

-

1.6

Net profit/(loss)

-

-

-

-

1.7

-

1.7

–4.1

–2.4

Netted goodwill

-

-

-

–83.9

-

-

–83.9

-

–83.9

Change in minority interests

-

-

-

-

-

-

-

–0.6

–0.6

Dividends

-

-

-

-

–15.4

-

–15.4

–1.1

–16.4

Currency effects

-

-

-

-

-

–1.6

–1.6

0.3

–1.3

Equity at 31.12.2024

0.4

–0.2

–6.1

–270.9

515.6

–6.4

232.3

9.2

241.5

To the top