6 Other Disclosures

This section covers information not already disclosed in other parts of the report, including disclosures regarding income tax and events after the reporting date.

6.1 Income Tax

The table below presents the income tax recognised in the statement of profit or loss. Other comprehensive income includes deferred income tax related to remeasurement of defined benefit plans amounting to CHF 423 thousand (previous year: CHF 351 thousand).

The expected Group tax rate corresponds to the weighted average of the tax rates applicable to the Group’s domestic and foreign subsidiaries. Effective income tax differ from expected income tax as follows.

The tax rate applicable to a major Group company increased in the reporting year, requiring a remeasurement of deferred tax assets and liabilities. This remeasurement primarily relates to deferred taxes recognised on purchase price allocation (PPA) assets and resulted in a higher carrying amount of deferred tax liabilities, with a corresponding recognition of deferred tax expense in the period.

Deferred Tax Assets and Liabilities

Tax Loss Carry Forwards

As in the previous year, there were no deferred income taxes recognised on the undistributed earnings of subsidiaries as at 31 December 2025.

Significant Judgements and Estimates

The measurement of current tax assets and liabilities is subject to the interpretation of tax laws in the respective countries, the appropriateness of which is evaluated in the context of the final assessment or tax audits by the authorities. Definitive tax assessments are only available several years after the reporting year. Before this assessment by the tax authorities, an income tax assessment must be performed at the time that the financial statements are prepared. The uncertainty corresponds with either the expected value or the most likely value, whichever best reflects the uncertainty.

Furthermore, the assessment of the recognition of deferred tax assets for tax loss carry forwards requires management to assess if it is probable that future taxable profits will be available against which they can be used. Management’s probability assessment depends on many factors and developments such as changes in markets and the competitive environment, customer base, and economic conditions. This is based on the annual planning of the entity and contains estimates and judgements.

6.2 Other Operating Expense

The Group’s statement of profit or loss is prepared using the nature of expense method. Under this approach, marketing and IT expenses only include third-party costs, while personnel-related expenses are disclosed separately under personnel expenses. Further details regarding other operating expense are provided below.

As of 2025, following revised contractual terms with its parcel provider, the Group is considered the principal for shipping label sales via the Ricardo platform as part of the business unit General Marketplaces. Accordingly, these revenues and the related cost of service are recognised on a gross basis, resulting in higher cost of service in 2025. In the prior year, the Group acted as an agent and recognised the revenues on a net basis.

The increase in advisory service expense is primarily attributable to higher audit and legal fees in connection with the IPO and the establishment of the Company during the current year.

The increase in office & admin expense is primarily related to higher Board of Directors fees, and higher PSP expense for the Board of Directors, mainly driven by the fair value adjustment in 2025 (refer to Note 3.8).

6.4 Events after the Reporting Date

Between the reporting date and issuance of these financial statements, there were no significant events that might impact the Group and that would therefore require disclosure.

6.3 Other Accounting Policies and Disclosures

Foreign Currency Conversion

The following exchange rates were applied to convert foreign currencies: