ALSO with record results in 2025

The decisive factor here was the consistent execution of our strategic priorities. The increase in efficiency, the further expansion of the cloud business and additional optimisations in the product category, reseller and vendor mix had a particularly positive effect. The successful integration of acquisitions had a reinforcing effect.

Wolfgang Krainz, CEO of ALSO Holding AG: "The company's success is based on the breadth and quality of its business models and clear operational management with strong cost and cash flow discipline. Stringent working capital management and continuous efficiency improvements have proven their worth and are strengthening the company's financial robustness in the long term."

For the 2026 financial year, ALSO expects:

• EBITDA between EUR 300 million and EUR 340 million, and
• ROCE of over 20%.

The medium-term guidance, taking into account possible acquisitions, remains unchanged at:

• EBITDA between EUR 425 million and EUR 525 million and
• ROCE of over 25%.

As in the past, ALSO will continue to evaluate acquisitions. The company will only proceed with acquisitions if they generate positive cash flow after a predefined period of time following the acquisition.

Due to its very solid financial position, the Board of Directors is proposing to the Annual General Meeting that the dividend be increased to CHF 5.30 per share.