Financial Performance - Revenue decreased by 1.1% YoY to CHF 741 million in Q3 2025 [46], primarily due to a decline in Fixed Subscription Revenue and lower Mobile Non-Subscription Revenue [50] - Adjusted EBITDAaL increased by 2.4% YoY to CHF 270 million in Q3 2025 [46], driven by Opex improvements [16] - CAPEX decreased by 4.7% YoY to CHF 106 million in Q3 2025 [46], aligning with expected full-year reductions [50] - Adjusted FCF reached CHF 37 million, benefiting from lower interest payments [46] Customer & Commercial - Mobile Postpaid net additions increased by 20k, supported by improved B2B growth [16] - Fixed Mobile Convergence (FMC) increased to 59% of the customer base [41] - Internet net additions were -7k, impacted by softer trading and UPC migrations [16] Strategic Initiatives - Launched "CHmobile" to address the C-Segment, completing segment coverage [16] - Introduced new products including Home Security, "Iconic Bundle," and "SuperSearch" [16] - Reaffirmed Capital Markets Day (CMD) mid-term outlook of increasing Free Cash Flows [16] Guidance & Debt - 2025 Guidance re-confirmed, including expected DPS growth of 2.7% YoY [16] - Debt maturity extended, with approximately 84% of debt due after 2031 and about 60% due in 2032 [74]

Financial Performance - Q2 2025 revenue decreased by 0.8% year-over-year to CHF 732 million, while H1 2025 revenue decreased by 2.1% year-over-year to CHF 1,454 million[40] - Q2 2025 Adjusted EBITDAaL increased by 1.9% year-over-year to CHF 254 million, representing 34.7% of revenue, while H1 2025 Adjusted EBITDAaL increased by 1.1% year-over-year to CHF 494 million, representing 34.0% of revenue[40] - Q2 2025 CAPEX decreased by 7.9% year-over-year to CHF 116 million, representing 15.9% of revenue[40] - Q2 2025 Adjusted Free Cash Flow was CHF 153 million[40] - Sunrise reconfirmed its FY 2025 guidance, expecting broadly stable revenue, stable to low-single digit growth in Adjusted EBITDAaL, CAPEX/Revenue between 15-16%, and Adjusted FCF between CHF 370-390 million[13, 61] Commercial Developments - Sunrise completed the 3G switch-off, becoming the first operator in Europe with a modern 4G/5G Standalone only network[13] - Sunrise launched new product offerings, including a refresh of the Yallo Portfolio and completion of the UPC customer base migration[13] - Fixed Mobile Convergence continued to increase, up by 1.4% year-over-year[35] - Sunrise extended Swiss National League hockey rights until 2035[25] Customer Metrics - Mobile ARPU trend is improving as subscription revenue stabilizes due to price increases[35] - Fixed ARPU is declining year-over-year but showing an upward trend due to price increases[35] - Net additions growth in Q2 2025 was softer due to reduced commercial activity and price increases[35] Debt and ADS - Sunrise priced new EUR 550 million Senior Secured Notes due 2032 to refinance existing Term Loans[13] - Sunrise Class A American Depositary Shares were delisted from Nasdaq on August 15, 2025, with termination of the sponsored ADS programs planned for around mid-November 2025[13]