Annual Reports

The RhB Group’s 2025 results, presented for the first time in accordance with Swiss GAAP FER, amounted to CHF 14.5 million, once again significantly exceeding expectations and remaining close to the previous year’s figure of CHF 15.0 million. The strong growth phase of the past four years also characterised 2025. In the core passenger transport business, net revenue rose significantly once again, to CHF 147.2 million (+12.2 per cent year-on-year). Compared with the pre-coronavirus peak (2019: CHF 99 million), growth in net revenue from passenger transport stood at almost 50 per cent by the end of 2025. The solid results of the subsidiaries, including dividend payments to RhB, and a stable property business also contributed to the positive year-end results.