Earnings release
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Ad hoc announcement pursuant to Article 53 LR Opfikon , Switzerland , 19 August 2026 - 07:00 CEST Sunrise Q2 revenue moderate as expected , commercial momentum strengthened , 2026 guidance confirmed • . • • Strong commercial momentum in the second quarter with net increase of +21,000 mobile postpaid¹ subscriptions and best Internet² net adds in five quarters with growth of +3,000 Internet² subscriptions . Supported by drivers such as strong portfolios and the extensively marketed and expanded Sunrise Rewards programme with strategic focus on existing customers . Q2 financial results moderate as expected and impacted by temporary comparative effects from phased price increases in 2025 versus 2026 , and by the cumulative effect of weaker subscriber growth in previous quarters . Adjusted EBITDAaL³ less P & E Additions ( CAPEX4 ) increased + 3.7 % YoY in Q2 ; Adjusted Free Cash Flow³ , 5 improved significantly by + 33.3 % YoY - supported by lower P & E Additions ( CAPEX4 ) and operating cost discipline . This was despite a decrease in revenue ( -2.6 % YoY ) and in Adjusted EBITDAAL ( -3.8 % YoY ) . The net loss decreased significantly ( by 58.2 % ) , while net cash flow from operating activities increased ( + 26.4 % ) and capital expenditure as disclosed in the cash - flow statement6 decreased ( -72.6 % ) . Based on the strengthened commercial momentum , the effective implementation of the price increase in Q3 and important and successful B2C and B2B product launches alongside continued cost discipline , Sunrise fully confirms its financial guidance 20267 , including the expected dividend for the 2026 financial years of CHF 3.49 per Class A Share and CHF 0.35 per Class B Share in 2027 , representing dividend growth of over + 2 % YoY . Consolidated results for Q2 2026 ( CHF million ) Revenue Residential customers Q2 2025 Q2 2026 Change 731.6 712.9 ( 2.6 % ) 521.3 499.5 ( 4.2 % ) Business customers and wholesale 208.0 209.0 0.5 % Infrastructure and support functions 2.3 4.4 91.3 % Adjusted EBITDAAL³ 254.1 244.4 ( 3.8 % ) P & E Additions ( CAPEX4 ) ( 116.4 ) ( 101.6 ) ( 12.7 % ) Adjusted EBITDAaL³ less P & E Additions ( CAPEX4 ) 137.7 142.8 3.7 % Adjusted FCF3,5 153.3 204.4 33.3 % As reported : Net loss ( 53.6 ) ( 22.4 ) 58.2 % Net cash provided by operating activities 290.5 367.3 26.4 % Capital expenditures in the cash - flow statement ( 165.9 ) ( 45.5 ) ( 72.6 % ) Note : The key financial figures are presented on a rebased IFRS basis . Alternative definitions of key performance indicators and reconciliations can be found in the appendix to this ad hoc announcement . 1/6