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Inferra AI / Company / ONON

On Holding Ag

ONON · Materials

Last earnings Sep 22, 2026  ·  Next earnings Nov 10, 2026

Key results

Net incomequarter

15.0%

Net income margin increased to 15.0%, up from 4.8% in the prior year.

SEC original ↗On Holding Ag — Earnings release (6-K exhibit)EX-99Nov 12, 2025

net income increased by 289.8% to CHF 118.9 million from CHF 30.5 million net income margin increased to 15.0% from 4.8% basic earnings per share ( EPS ) Class A (CHF) increased to CHF 0.36 from CHF 0.09 diluted EPS Class A (CHF) increased to CHF 0.36 from CHF 0.09 adjusted earnings before interest, taxes

SEC original ↗On Holding Ag — Earnings release (6-K exhibit)EX-99Nov 12, 2025

net income increased by 182.9% to CHF 142.0 million from CHF 50.2 million adjusted basic EPS Class A (CHF) increased to CHF 0.43 from CHF 0.16 and adjusted diluted EPS Class A (CHF) increased to CHF 0.43 from CHF 0.15.

SEC original ↗On Holding Ag — Earnings release (6-K exhibit)EX-99Nov 12, 2025

EPSquarter

51.2%

net income decreased by 11.9% to CHF 134.6 million from CHF 152.7 million net income margin decreased to 5.9% from 8.9% basic EPS Class A (CHF) decreased to CHF 0.41 from CHF 0.47 diluted EPS Class A (CHF) decreased to CHF 0.40 from CHF 0.47 adjusted EBITDA increased by 51.2% to CHF 436.0 million from CHF 288.3 million

SEC original ↗On Holding Ag — Earnings release (6-K exhibit)EX-99Nov 12, 2025

net income decreased by 10.2% to CHF 182.9 million from CHF 203.6 million adjusted basic EPS Class A (CHF) decreased to CHF 0.56 from CHF 0.63 and adjusted diluted EPS Class A (CHF) decreased to CHF 0.55 from CHF 0.62.

SEC original ↗On Holding Ag — Earnings release (6-K exhibit)EX-99Nov 12, 2025

AI analysis

Q3 2025 · reported Nov 12, 2025

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Headline figures

MetricQ3 2025Prior qtrYear ago
Net income15.0%—4.8%
EPS51.2%——

EX-99 · Nov 12, 2025

Guidance · company-stated

Direction: Raised

Margin

“The gross profit margin outlook increases to around 62.5%, reflecting sustainable structural efficiencies, the brand s strengthening premium positioning, and a favorable cost environment.”

Company outlook — Raised

“Following another outstanding quarter and continued strong momentum, On raises its full-year 2025 guidance across all key metrics.”

Company outlook — Raised

“Reflecting the strength of its third-quarter performance and sustained momentum, On is raising its full-year 2025 guidance across all key metrics.”

Classified from the release's primary full-year outlook statement.

Next earningsNov 10, 2026Verified from the company’s own announcement

Capital allocation

13 Liquidity and Capital Resources Our primary need for liquidity is to fund working capital requirements, capital expenditures, lease obligations and for general corporate purposes.

Indebtedness On July 7, 2023 , On entered into a CHF 700 million multicurrency credit facility agreement ( credit facility ) which replaced our bank overdraft facilities previously reported.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

On Holding Ag Q3 2025 — Net income margin increased to 15.0%, up from 4.8% in the prior year.

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Guidance & outlook

Direction: Raised

Margin: “The gross profit margin outlook increases to around 62.5%, reflecting sustainable structural efficiencies, the brand s strengthening premium positioning, and a favorable cost environment.”

Company outlook — Raised (“raises”)
“Following another outstanding quarter and continued strong momentum, On raises its full-year 2025 guidance across all key metrics.”

Margin — Raised (“increases”)
“The gross profit margin outlook increases to around 62.5%, reflecting sustainable structural efficiencies, the brand s strengthening premium positioning, and a favorable cost environment.”

Company outlook — Raised (“raising”)
“Reflecting the strength of its third-quarter performance and sustained momentum, On is raising its full-year 2025 guidance across all key metrics.”

Classified from the release's primary full-year outlook statement.

Capital allocation

13 Liquidity and Capital Resources Our primary need for liquidity is to fund working capital requirements, capital expenditures, lease obligations and for general corporate purposes.

SEC original ↗On Holding Ag — Earnings release (6-K exhibit)EX-99Nov 12, 2025

Indebtedness On July 7, 2023 , On entered into a CHF 700 million multicurrency credit facility agreement ( credit facility ) which replaced our bank overdraft facilities previously reported.

SEC original ↗On Holding Ag — Earnings release (6-K exhibit)EX-99Nov 12, 2025

On has an option to increase the total availability of borrowings under the credit facility in an aggregate amount of up to CHF 200 million , subject to the satisfaction of certain customary conditions.

SEC original ↗On Holding Ag — Earnings release (6-K exhibit)EX-99Nov 12, 2025

We entered into the credit facility as part of our prudent financial planning strategy to create future financial flexibility to better align with the size and maturity of the Company.

SEC original ↗On Holding Ag — Earnings release (6-K exhibit)EX-99Nov 12, 2025

The proceeds of any borrowings under the credit facility may be used towards the financing of working capital requirements and for general corporate purposes, including the roll-in of certain existing bank guarantees and the issuance of new bank guarantees.

SEC original ↗On Holding Ag — Earnings release (6-K exhibit)EX-99Nov 12, 2025

The credit facility had an initial term of three years, which has been subsequently extended for a total period of two years.

SEC original ↗On Holding Ag — Earnings release (6-K exhibit)EX-99Nov 12, 2025

Strategy & priorities

htm EX-99.1_Q3_2025 PRESS RELEASE_OPERATING RESULTS Document Exhibit 99.1 On Reports Results for the Third Quarter and Nine-Month Period Ended September 30, 2025 Driven by exceptional global momentum and consistent execution of its strategic priorities, On delivers record net sales and profitability in the third quarter.

SEC original ↗On Holding Ag — Earnings release (6-K exhibit)EX-99Nov 12, 2025

Execution on strategic priorities continues to deliver strong, multi-dimensional growth.

SEC original ↗On Holding Ag — Earnings release (6-K exhibit)EX-99Nov 12, 2025

Performance is complemented by the continued expansion of On s global network of premium brand hubs, with new retail store locations in Palo Alto, Zurich, and Tokyo.

SEC original ↗On Holding Ag — Earnings release (6-K exhibit)EX-99Nov 12, 2025

The Company celebrates its first-ever gold medals at the World Athletics Championships and, in recent weeks, Hellen Obiri s record-breaking victory at the marathon in New York, underscoring the success of its athlete-first innovation strategy.

SEC original ↗On Holding Ag — Earnings release (6-K exhibit)EX-99Nov 12, 2025

This enhanced profitability supports an adjusted EBITDA margin above 18.0%, even as On accelerates strategic investments and manages foreign exchange headwinds.

SEC original ↗On Holding Ag — Earnings release (6-K exhibit)EX-99Nov 12, 2025

Risks & headwinds

This enhanced profitability supports an adjusted EBITDA margin above 18.0%, even as On accelerates strategic investments and manages foreign exchange headwinds.

SEC original ↗On Holding Ag — Earnings release (6-K exhibit)EX-99Nov 12, 2025

Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of risks and uncertainties, including those stated below and in our filings with the U.

SEC original ↗On Holding Ag — Earnings release (6-K exhibit)EX-99Nov 12, 2025

Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including, but not limited to, those identified under the section titled Risk Factors in our Annual Report.

SEC original ↗On Holding Ag — Earnings release (6-K exhibit)EX-99Nov 12, 2025

As discussed in the section titled Special Note Regarding Forward-Looking Statements, the following management's discussion and analysis contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they never materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements.

SEC original ↗On Holding Ag — Earnings release (6-K exhibit)EX-99Nov 12, 2025

Customs and duty expenses, cost inflation, consumer spending, ability to manage inventory, and foreign exchange Beginning in April 2025, the United States ( US ) implemented new tariffs as part of its trade policy, including both baseline tariffs and higher country-specific reciprocal tariffs on imports from all countries.

SEC original ↗On Holding Ag — Earnings release (6-K exhibit)EX-99Nov 12, 2025

Additionally, on July 31, 2025, an executive order ( Executive Order ) was signed confirming the tariff rates on various trading partner countries, including a fixed reciprocal import tariff of 20% on Vietnam (applied in addition to the existing 20% import tariff in Vietnam).

SEC original ↗On Holding Ag — Earnings release (6-K exhibit)EX-99Nov 12, 2025

Documents

Earnings deck slides

0 decks with slide view

On Holding Ag — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

On Holding Ag — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

On Holding Ag — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

On Holding Ag — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

On Holding Ag — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Rio Tinto (RIO) MaterialsCemex Sab De Cv (CX) MaterialsWheaton Precious Metals (WPM) MaterialsNucor (NUE) MaterialsFranco-Nevada (FNV) MaterialsKinross Gold (KGC) MaterialsBarrick Mining (B) MaterialsCarpenter Technology (CRS) Materials

Filings

48 documents

Earnings releases

36 documents

Presentations

5 documents

Transcripts

0 documents

No transcripts for On Holding Ag are held in this edition of the library.

Mentioned by

2 companies

Other tracked companies whose held documents mention On Holding Ag by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.