These consolidated interim financial statements comprise the unaudited half-year results of Emmi AG and its subsidiaries for the period ending 30 June 2025. The interim consolidated financial statements for 2025 have been prepared in compliance with “Complementary recommendation for listed companies” and the consolidation and accounting principles described in the 2024 consolidated financial statements, with the exception of the adjustments described below.
Income taxes are calculated based on an estimate of the expected income tax rate for the full year 2025. The consolidated half-year results should be read in conjunction with the consolidated financial statements compiled for the financial year ended 31 December 2024, as they represent an update of the last complete financial statements and therefore do not contain all information and disclosures required in the year-end consolidated financial statements. The consolidated half-year results are presented in Swiss francs (CHF). Except where stated otherwise, all amounts are presented in thousands of Swiss francs.
The consolidated interim financial statements were approved by the Board of Directors of Emmi AG on 19 August 2025.
Emmi increased its stake in Emmi Dessert USA LLC from 88% to 100% on 28 February 2025. This also increased Emmi’s shares in Bello LLC, Classe Foods LLC, Luce Foods LLC, Luna Foods LLC and Vivi Foods LLC, which are wholly owned by Emmi Dessert USA LLC, from 88% to 100% in each case.
We refer to the consolidated financial statements for 2024 for changes to the scope of consolidation in financial year 2024.
Emmi is involved in legal disputes in connection with ordinary operating activities. Although the outcome of the lawsuits currently cannot be predicted with certainty, Emmi believes that none of the disputes will have any significant negative impact on the operating activities or on the Group’s financial situation. Suitable provisions for expected outgoing payments have therefore been made.
From the balance sheet date until the consolidated financial statements were approved by the Board of Directors of Emmi AG on 19 August 2025, no other major events occurred which could adversely affect the validity of the interim financial statements for 2025.
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1st half-year average rates |
End rates |
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|
2025 |
2024 |
30.6.2025 |
31.12.2024 |
|
1 BRL |
0.15 |
0.17 |
0.15 |
0.15 |
|
1 CAD |
0.61 |
0.65 |
0.58 |
0.63 |
|
1 EUR |
0.94 |
0.96 |
0.93 |
0.94 |
|
1 GBP |
1.12 |
1.12 |
1.09 |
1.14 |
|
1 MXN |
0.04 |
0.05 |
0.04 |
0.04 |
|
1 TND |
0.28 |
0.29 |
0.27 |
0.29 |
|
1 USD |
0.86 |
0.89 |
0.79 |
0.91 |
|
100 CLP |
0.09 |
0.09 |
0.09 |
0.09 |