Annual Report 2025

Annual Report 2025

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26. Research and development cost

Research and development cost

 

 

2025

 

2024

 

 

MCHF

 

MCHF

Research and development expenses

 

71.2

 

73.6

Capitalised development expenses

 

-4.5

 

-2.5

Amortisation of capitalised development expenses

 

3.2

 

3.5

Research and development cost

 

69.9

 

74.6

In 2025, research and development expenses totalling MCHF 71.2 (PY: MCHF 73.6) were included in the items “Personnel expenses”, “Depreciation” and “Other operating expenses, net”. For three major development projects, the capitalisation criteria according to IAS 38.57 were met and expenses of MCHF 4.5 (PY: MCHF 2.5) were capitalised.