BVZ Holding (BVZN) H1 2025 earnings summary

Executive summary

• Achieved record-high revenue and passenger numbers in H1 2025, driven by strong international tourism and stable Swiss demand.

• Total revenue including public sector contributions rose 7.6% year-over-year to CHF 111.6 million.

• Net profit increased by 38% to CHF 13.1 million compared to H1 2024.

• All business segments contributed positively, with notable growth in Gornergrat and Mobility.

• Strategic projects and efficiency initiatives are progressing as planned, supporting long-term growth.

Financial highlights

• Revenue: CHF 94.2 million (+7% year-over-year).

• Net profit: CHF 13.1 million (+38% year-over-year).

• EBITDA: CHF 17.3 million (up from CHF 15.6 million in H1 2024).

• Earnings per share: CHF 55.25 (up from CHF 38.59 in H1 2024).

• Equity ratio improved to 37.7% (from 34.9% in H1 2024).

Outlook and guidance

• Continued strong demand expected in tourism and mobility for the remainder of 2025.

• Ongoing implementation of the 2025–2028 strategy, focusing on operational excellence and innovation.

• Stable economic environment and high demand support a positive outlook.