v3.25.4
LEASING
12 Months Ended
Dec. 31, 2025
Disclosure Of Leases [Abstract]  
LEASING LEASING
Sunrise leased assets include telecommunications installations like mobile sites and transmission equipment such as leased lines, shops and offices as well as vehicles. Information about leases for which Sunrise is a lessee is presented below.

Right-of-use assets
Year ended 31 December
CHF in millions
2025
2024
Network
1,199.0
1,091.4
Land, buildings and other
168.9
171.1
Total RoU assets
1,367.9
1,262.5

At 31 December 2025 the weighted average discount rate was 5.0% (2024: 5.5%). During 2025, Sunrise recorded additions in RoU assets associated with leases of CHF 151.7 million (2024: CHF 126.30 million). Additionally, balance-sheet adjustments of CHF 63.8 million were recorded, mainly driven by revised assumptions regarding the exercise of lease extension options during the budget forecast period for evergreen network leases. Sunrise makes extensive use of evergreen contracts, as they provide flexibility in network planning in response to the rapidly evolving telecommunications technology landscape.

Lease expenses
Year ended 31 December
CHF in millions
2025
2024
2023
Depreciation and amortisation
Network
94.0
101.4
99.3
Land, buildings and other
35.9
28.3
28.7
Total depreciation and amortisation
129.9
129.7
128.0
Interest expense
61.3
69.8
67.9
Short-term lease expense
3.1
2.4
3.2
Total lease expense
194.3
201.9
199.1

Lease liabilities
Maturities of Sunrise lease liabilities are presented below:

Year ended 31 December
CHF in millions
2025
2024
Within 1 year
181.4
164.1
Between 1 and 2 years
178.3
152.0
Between 2 and 3 years
151.6
148.8
Between 3 and 4 years
144.9
141.3
Between 4 and 5 years
139.3
135.2
After 5 years
863.9
925.7
Total payments
1,659.4
1,667.1
Less: present value discount
(382.2)
(447.8)
Present value of lease payments
1,277.2
1,219.3
Current portion
181.4
164.1
Non-current portion
1,095.8
1,055.2

Cash flows from leases
Year ended 31 December
CHF in millions
2025
2024
Principal payments
121.0
114.4
Interest payments
61.3
61.0
Payments for short-term leases
3.1
2.4
Total payments
185.4
177.8