Appropriation of profit
Proposal of the Board of Directors to the Annual General Meeting of 13 April 2026
Amounts in Swiss francs | 2025 | 2024 | ||
Profit for the year | 290,591,921 | 288,153,102 | ||
Profit carried forward from previous year | 702,383 | 908,900 | ||
Total distributable profit | 291,294,303 | 289,062,001 | ||
Withdrawal from statutory capital reserves | 66,937,500 | 64,359,619 | ||
Total available for distribution by the Annual General Meeting | 358,231,803 | 353,421,620 | ||
The Board of Directors proposes to the Annual General Meeting that the above amount be appropriated as follows: | ||||
Allocation to statutory retained earnings reserve | 0 | 0 | ||
Allocation to voluntary retained earnings reserve | 224,000,000 | 224,000,000 | ||
Distribution of 2.70 Swiss francs per share (previous year: 2.60 Swiss francs per share)1) | 133,874,999 | 128,719,237 | ||
of which dividend of 1.35 Swiss francs per share (previous year: 1.30 Swiss francs per share) | 66,937,500 | 64,359,619 | ||
of which distribution from statutory capital reserves of 1.35 Swiss francs per share (previous year: 1.30 Swiss francs per share) | 66,937,500 | 64,359,619 | ||
Profit carried forward to new account | 356,804 | 702,383 | ||
Total | 358,231,803 | 353,421,620 |
1)Shares owned by Luzerner Kantonalbank AG at the time of payment are not entitled to distribution. As a result, the reported distribution amount may be reduced accordingly. For this reason, the dividend payment for the previous year is 594,353 Swiss francs lower than in last year's financial report (although the profit carried forward has increased).
Distribution
If the proposal is approved, the distribution will be paid out as follows:1)
2025 | 2024 | |||||||||||
Amounts in Swiss francs | Gross | 35 % withholding tax | Net | Gross | 35 % withholding tax | Net | ||||||
Dividend | 1.350 | 0.473 | 0.878 | 1.300 | 0.455 | 0.845 | ||||||
Distribution from statutory capital reserves | 1.350 | 0.000 | 1.350 | 1.300 | 0.000 | 1.300 | ||||||
Total | 2.700 | 0.473 | 2.228 | 2.600 | 0.455 | 2.145 | ||||||
1)The last trading day for entitlement to receive the distribution is Wednesday, 15 April 2026. From Thursday, 16 April 2026, the shares are traded ex-distribution. The record date is Friday, 17 April 2026. If approved by the Annual General Meeting, the distribution of 2.70 Swiss francs per registered share will be credited to shareholders on Monday, 20 April 2026.