On surpasses 3 billion-franc mark

(CONNECT) In 2025, On Holding AG generated net sales totaling 3.014 billion francs worldwide. When compared with the previous year, this corresponds to growth of 30.0 percent, as the Zurich-based athletic shoe and performance sportswear manufacturer reported in a statement. “Surpassing the 3 billion franc annual revenue milestone with record profitability is a profound validation of our vision to build the world’s most premium global sportswear brand,” commented David Allemann, Co-Founder and Executive Co-Chairman of On.

Net sales through the direct-to-consumer sales channel reportedly increased by 33.7 percent to 1.261 billion francs. Meanwhile, wholesale generated sales of 1.753 billion francs, which represents a year-on-year increase of 27.5 percent. For the current year, On has set itself a growth target of at least 23 percent.

On reported an adjusted EBITDA of 131.0 million francs in the reporting year, with the corresponding margin increasing year on year from 16.4 percent to 17.6 percent. The company is aiming for an EBITDA margin of between 18.5 percent and 19.0 percent in the current year. At 69.1 million francs, net profit in 2025 was 22.9 percent lower than in 2024.

“By charting our own course and executing with discipline against our strategic priorities, we have built a powerful financial engine that is driving record results,” explained Martin Hoffmann, CEO and CFO of On. “The strength of our premium strategy allows us to exceed our high aspirations while providing the flexibility to reinvest in the high-return areas that we expect will fuel our growth for years to come.” ce/hs