U.S. COMPANY FILING
On Holding AG — Form 20-F filed 2026-03-03
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On Holding AG reported FY2025 net sales of CHF 3,014.0 million, up 30.0% YoY, with gross margin expanding to 62.8%. Adjusted EBITDA rose 46.3% to CHF 567.0 million, but net income fell 15.9% to CHF 203.7 million due to FX losses. The company opened the world's first LightSpray production facility, expanded retail presence, and plans a new automated warehouse in Belgium.
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