Balance Sheet GAM Holding AG

Stocks

GAM

CH0102659627

Investment Management & Fund Operators

Market Closed - Swiss Exchange Other stock markets 16:31:45 22/07/2026 BST			5-day change	1st Jan Change
0.0632 ^CHF	-0.32%		-0.63%	-56.86%

05-21	Swiss stocks - Factors to watch on May 21	RE
05-12	GAM Holding AG Approves Board and Board Committee Elections	CI

07f8cc944.iAMYEIYGLmDUXoRLJ3qkRJXNRIrHeBepX6GSUcpyblY.uGx_JuhqFzGWP8cBUBXHffv0JvylHlrrPvDjPPJBI2_8RGFS5UNdF58s0Q

Published financial data: GAM HOLDING AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	230M	166M	129M	78.2M	47.1M
Gain (Loss) on Sale of Investment, Total (Rev)	-	-	-	-	-
Interest And Invest. Income (Rev)	-	200K	1.2M	800K	200K
Other Revenues, Total	-3M	-700K	-200K	1.7M	1.5M
Total Revenues	226M	165M	130M	80.7M	48.8M
Cost of Goods Sold, Total	143M	114M	96.8M	75.4M	64.3M
Gross Profit	83.4M	51.7M	33.4M	5.3M	-15.5M
Selling General & Admin Expenses, Total	73.2M	75.8M	65M	52.1M	36.1M
Depreciation & Amortization - (IS)	18.9M	18M	16.5M	13.8M	9.4M
Other Operating Expenses	-	-	-	-2M	-600K
Other Operating Expenses, Total	92.1M	93.8M	81.5M	63.9M	44.9M
Operating Income	-8.7M	-42.1M	-48.1M	-58.6M	-60.4M
Interest Expense, Total	-5.8M	-1.5M	-1.6M	-4.5M	-1.6M
Net Interest Expenses	-5.8M	-1.5M	-1.6M	-4.5M	-1.6M
Currency Exchange Gains (Loss)	6.2M	7.9M	2M	-4.7M	-300K
Other Non Operating Income (Expenses)	9M	100K	200K	900K	600K
EBT, Excl. Unusual Items	700K	-35.6M	-47.5M	-66.9M	-61.7M
Restructuring Charges	-4.2M	-5M	-8.2M	-7.6M	-5.7M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-600K	-2.6M
Asset Writedown	-1.6M	-224M	-26.3M	5.4M	-
Insurance Settlements	100K	-	-	-	-
Other Unusual Items	-10.2M	-2.1M	300K	100K	-4.6M
EBT, Incl. Unusual Items	-15.2M	-266M	-81.7M	-69.6M	-74.6M
Income Tax Expense	8.1M	23.8M	400K	1.3M	-400K
Earnings From Continuing Operations	-23.3M	-290M	-82.1M	-70.9M	-74.2M
Net Income to Company	-23.3M	-290M	-82.1M	-70.9M	-74.2M
Net Income - (IS)	-23.3M	-290M	-82.1M	-70.9M	-74.2M
Net Income to Common Incl Extra Items	-23.3M	-290M	-82.1M	-70.9M	-74.2M
Net Income to Common Excl. Extra Items	-23.3M	-290M	-82.1M	-70.9M	-74.2M
Per Share Items
Net EPS - Basic	-0.15	-1.86	-0.52	-0.27	-0.07
Basic EPS - Continuing Operations	-0.15	-1.86	-0.52	-0.27	-0.07
Basic Weighted Average Shares Outstanding	156M	156M	158M	262M	1.07B
Net EPS - Diluted	-0.15	-1.86	-0.52	-0.27	-0.07
Diluted EPS - Continuing Operations	-0.15	-1.86	-0.52	-0.27	-0.07
Diluted Weighted Average Shares Outstanding	156M	156M	158M	262M	1.07B
Normalized Basic EPS	0	-0.14	-0.19	-0.16	-0.04
Normalized Diluted EPS	0	-0.14	-0.19	-0.16	-0.04
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	-3.4M	-38.8M	-36.6M	-53.4M	-56.7M
EBITA	-8M	-42.1M	-48.1M	-58.6M	-60.4M
EBIT	-8.7M	-42.1M	-48.1M	-58.6M	-60.4M
EBITDAR	4.3M	-33.8M	-33.3M	-50.4M	-54.1M
Total Revenues (As Reported)	236M	172M	131M	79.2M	45.5M
Effective Tax Rate - (Ratio)	-53.29	-8.94	-0.49	-1.87	0.54
Total Current Taxes	2.9M	2M	1.1M	100K	-400K
Total Deferred Taxes	5.2M	21.8M	-700K	1.2M	-
Normalized Net Income	438K	-22.25M	-29.69M	-41.81M	-38.56M
Non-Cash Pension Expense	400K	1.1M	2.6M	800K	2M
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	65M	70.6M	61.3M	48.7M	33.2M
Net Rental Expense, Total	7.7M	5M	3.3M	3M	2.6M
Imputed Operating Lease Interest Expense	6.04M	1.37M	762K	2.41M	880K
Imputed Operating Lease Depreciation	1.66M	3.63M	2.54M	595K	1.72M
Stock-Based Comp., COGS (Total)	9.4M	6.9M	2.7M	3M	6.2M
Total Stock-Based Compensation	9.4M	6.9M	2.7M	3M	6.2M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	235M	138M	87.2M	65.1M	38.6M
Short Term Investments	11.1M	4.7M	600K	400K	1.3M
Total Cash And Short Term Investments	246M	143M	87.8M	65.5M	39.9M
Accounts Receivable, Total	84.1M	65.8M	42.4M	22.6M	15M
Other Receivables	-	-	-	-	100K
Total Receivables	84.1M	65.8M	42.4M	22.6M	15.1M
Prepaid Expenses	10.6M	9M	6.5M	5.5M	3.6M
Other Current Assets, Total	8.9M	300K	37M	2.2M	1.9M
Total Current Assets	350M	218M	174M	95.8M	60.5M
Gross Property Plant And Equipment	114M	84M	78.2M	68.4M	60.1M
Accumulated Depreciation	-58.4M	-38.6M	-40.8M	-47.4M	-41.8M
Net Property Plant And Equipment	55.9M	45.4M	37.4M	21M	18.3M
Long-term Investments	2.6M	1.3M	900K	1.3M	400K
Goodwill	0	-	-	-	-
Other Intangibles, Total	305M	83.2M	50.8M	51.9M	42.1M
Deferred Tax Assets Long-Term	35M	2.8M	2M	800K	800K
Other Long-Term Assets, Total	7.2M	2.5M	1.2M	2.3M	700K
Total Assets	755M	353M	266M	173M	123M
Liabilities
Accounts Payable, Total	20.3M	17.8M	27.6M	7M	3.7M
Accrued Expenses, Total	158M	102M	40.1M	25.2M	22.8M
Current Portion of Leases	100K	1M	3.7M	2.2M	1.1M
Current Income Taxes Payable	1.5M	2.7M	1.1M	1.1M	200K
Other Current Liabilities	10.9M	7M	38.9M	2.7M	5.2M
Total Current Liabilities	190M	131M	111M	38.2M	33M
Long-Term Debt	-	-	36.6M	-	39.7M
Long-Term Leases	48M	38.7M	30.9M	16.4M	16.2M
Pension & Other Post Retirement Benefits	32M	28.4M	22.7M	7.4M	3.1M
Deferred Tax Liability Non Current	2.3M	1.4M	-	-	-
Other Non Current Liabilities	4M	3.1M	2.8M	1.1M	1.2M
Total Liabilities	277M	202M	204M	63.1M	93.2M
Common Stock, Total	8M	8M	8M	53.3M	53.9M
Additional Paid In Capital	893M	893M	893M	946M	949M
Retained Earnings	-276M	-594M	-688M	-747M	-830M
Treasury Stock	-23.3M	-13.8M	-5.3M	-1.1M	-100K
Comprehensive Income and Other	-124M	-143M	-146M	-142M	-144M
Total Common Equity	478M	151M	61.6M	110M	29.6M
Total Equity	478M	151M	61.6M	110M	29.6M
Total Liabilities And Equity	755M	353M	266M	173M	123M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	156M	155M	159M	1.06B	1.08B
ECS Total Common Shares Outstanding	156M	155M	159M	1.06B	1.08B
Book Value / Share	3.07	0.97	0.39	0.1	0.03
Tangible Book Value	174M	67.4M	10.8M	58.1M	-12.5M
Tangible Book Value Per Share	1.11	0.43	0.07	0.05	-0.01
Total Debt	48.1M	39.7M	71.2M	18.6M	57M
Net Debt	-198M	-103M	-16.6M	-46.9M	17.1M
Debt Equivalent of Unfunded Proj. Benefit Obligation	25.1M	17.7M	15.2M	-1.3M	-14.1M
Debt Equivalent Oper. Leases	61.6M	40M	26.4M	24M	20.8M
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	605	541	478	294	226

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-23.3M	-290M	-82.1M	-70.9M	-74.2M
Depreciation & Amortization - CF	13.2M	11M	11.5M	5.2M	3.7M
Amortization of Goodwill and Intangible Assets - (CF)	700K	-	-	-	-
Depreciation & Amortization, Total	13.9M	11M	11.5M	5.2M	3.7M
Amortization of Deferred Charges, Total - (CF)	5M	7M	5M	8.6M	5.7M
(Gain) Loss From Sale Of Asset	-	-	-	1.6M	2.3M
Asset Writedown & Restructuring Costs	1.6M	224M	26.3M	-5.4M	-
Stock-Based Compensation (CF)	9.4M	6.9M	2.6M	3M	6.3M
Other Operating Activities, Total	10.7M	-11.9M	-13.6M	-10.9M	-8.1M
Change In Accounts Receivable	-7.2M	8.6M	1.8M	1.5M	-4.5M
Change In Accounts Payable	12.7M	-9.1M	2.4M	-2M	-2M
Change in Other Net Operating Assets	-17M	-9.3M	-3.4M	1.2M	12M
Cash from Operations	5.8M	-63.3M	-49.5M	-68.1M	-58.8M
Capital Expenditure	-20.7M	-14.1M	-2.8M	-7.6M	-2.5M
Sale of Property, Plant, and Equipment	2.1M	-	-	-	-
Cash Acquisitions	-4.9M	-	-	-	-
Divestitures	-	-	-	-17.4M	-1.3M
Sale (Purchase) of Intangible assets	-	-	-	-	-
Cash from Investing	-23.5M	-14.1M	-2.8M	-25M	-3.8M
Long-Term Debt Issued, Total	-	-	36M	45.5M	38.5M
Total Debt Issued	-	-	36M	45.5M	38.5M
Long-Term Debt Repaid, Total	-9.6M	-9.2M	-5.7M	-18.5M	-2.7M
Total Debt Repaid	-9.6M	-9.2M	-5.7M	-18.5M	-2.7M
Issuance of Common Stock	-	-	-	29.1M	-
Repurchase of Common Stock	-6.7M	-3.9M	-300K	-1.3M	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-	-800K	-3M	-5M	-400K
Cash from Financing	-16.3M	-13.9M	27M	49.8M	35.4M
Foreign Exchange Rate Adjustments	-2.1M	-5.6M	-4M	-200K	700K
Miscellaneous Cash Flow Adjustments	-	-	-21.4M	21.4M	-
Net Change in Cash	-36.1M	-96.9M	-50.7M	-22.1M	-26.5M
Supplemental Items
Cash Interest Paid	1.6M	2.9M	3M	5M	400K
Cash Income Tax Paid (Refund)	2.6M	3.4M	700K	500K	-600K
Levered Free Cash Flow	9.94M	-48.55M	-47.46M	-38.84M	-22.05M
Unlevered Free Cash Flow	13.56M	-47.61M	-46.46M	-36.02M	-21.05M
Change In Net Working Capital	-11.4M	32.1M	32.8M	8.6M	-3.6M
Net Debt Issued / Repaid	-9.6M	-9.2M	30.3M	27M	35.8M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-0.69	-4.75	-9.71	-17.46	-26.3
Return on Total Capital	-1.02	-7.34	-18.61	-27.05	-36.83
Return On Equity %	-4.89	-92.2	-77.38	-78.34	-114.68
Return on Common Equity	-4.89	-92.2	-77.38	-78.34	-114.68
Margin Analysis
Gross Profit Margin %	36.82	31.26	25.65	6.57	-31.76
SG&A Margin	32.32	45.83	49.92	64.56	73.98
EBITDA Margin %	-1.5	-23.46	-28.11	-66.17	-116.19
EBITA Margin %	-3.53	-25.45	-36.94	-72.61	-123.77
EBIT Margin %	-3.84	-25.45	-36.94	-72.61	-123.77
Income From Continuing Operations Margin %	-10.29	-175.33	-63.06	-87.86	-152.05
Net Income Margin %	-10.29	-175.33	-63.06	-87.86	-152.05
Net Avail. For Common Margin %	-10.29	-175.33	-63.06	-87.86	-152.05
Normalized Net Income Margin	0.19	-13.45	-22.8	-51.81	-79.02
Levered Free Cash Flow Margin	4.39	-29.35	-36.45	-48.13	-45.18
Unlevered Free Cash Flow Margin	5.99	-28.79	-35.69	-44.64	-43.14
Asset Turnover
Asset Turnover	0.29	0.3	0.42	0.38	0.34
Fixed Assets Turnover	3.31	3.27	3.14	2.76	2.51
Receivables Turnover (Average Receivables)	2.69	2.21	2.39	3.76	2.52
Short Term Liquidity
Current Ratio	1.84	1.67	1.56	2.51	1.83
Quick Ratio	1.73	1.59	1.17	2.31	1.67
Operating Cash Flow to Current Liabilities	0.03	-0.48	-0.44	-1.78	-1.78
Days Sales Outstanding (Average Receivables)	135.66	164.9	152.84	97.35	144.91
Average Days Payable Outstanding	44	61.15	85.59	34.46	34.34
Long Term Solvency
Total Debt/Equity	10.05	26.36	115.58	16.91	192.57
Total Debt / Total Capital	9.13	20.86	53.61	14.46	65.82
LT Debt/Equity	10.03	25.7	109.58	14.91	188.85
Long-Term Debt / Total Capital	9.12	20.34	50.83	12.75	64.55
Total Liabilities / Total Assets	36.64	57.32	76.84	36.45	75.9
EBIT / Interest Expense	-1.5	-28.07	-30.06	-13.02	-37.75
EBITDA / Interest Expense	0.9	-20.73	-22.88	-11.87	-35.44
(EBITDA - Capex) / Interest Expense	-2.67	-30.13	-24.62	-13.56	-37
Total Debt / EBITDA	9.25	-1.28	-1.95	-0.35	-1.01
Net Debt / EBITDA	-38.04	3.31	0.45	0.88	-0.3
Total Debt / (EBITDA - Capex)	-3.1	-0.88	-1.81	-0.3	-0.96
Net Debt / (EBITDA - Capex)	12.76	2.28	0.42	0.77	-0.29
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-2.62	-26.98	-21.28	-38.11	-39.53
Gross Profit, 1 Yr. Growth %	1.58	-38.01	-35.4	-84.23	-392.45
EBITDA, 1 Yr. Growth %	-54.05	1.04K	15.09	30.88	5.19
EBITA, 1 Yr. Growth %	-32.77	426.25	14.25	22.34	1.51
EBIT, 1 Yr. Growth %	-46.3	383.91	14.25	22.34	1.51
Earnings From Cont. Operations, 1 Yr. Growth %	-94	1.14K	-71.69	-13.64	-3.89
Net Income, 1 Yr. Growth %	-94	1.14K	-71.69	-13.64	-3.89
Normalized Net Income, 1 Yr. Growth %	-78.12	-5.19K	33.43	40.84	-9
Diluted EPS Before Extra, 1 Yr. Growth %	-93.95	1.14K	-72.04	-48.06	-76.2
Accounts Receivable, 1 Yr. Growth %	-2.77	-21.76	-35.56	18.95	-33.04
Net Property, Plant and Equip., 1 Yr. Growth %	-31.07	-18.78	-17.62	-43.85	-11.17
Total Assets, 1 Yr. Growth %	-7.92	-53.27	-24.62	-29.75	-25.26
Tangible Book Value, 1 Yr. Growth %	-2.69	-61.15	-83.98	187.62	-123.45
Common Equity, 1 Yr. Growth %	0.97	-68.53	-59.1	54.93	-70.34
Cash From Operations, 1 Yr. Growth %	346.15	-1.19K	-19.12	37.58	-13.66
Capital Expenditures, 1 Yr. Growth %	7.81	-31.88	-80.14	171.43	-67.11
Levered Free Cash Flow, 1 Yr. Growth %	-132.88	-588.55	-2.24	-29.18	-40.41
Unlevered Free Cash Flow, 1 Yr. Growth %	-157.17	-451.06	-2.42	-33.09	-38.43
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-19.46	-15.67	-24.18	-30.15	-38.83
Gross Profit, 2 Yr. CAGR %	-25.98	-20.65	-36.72	-67.98	-32.08
EBITDA, 2 Yr. CAGR %	-70.4	128.98	228.1	29.59	17.89
EBITA, 2 Yr. CAGR %	-51.42	88.09	145.2	17.98	12.29
EBIT, 2 Yr. CAGR %	-40.04	61.21	135.13	17.98	12.29
Earnings From Cont. Operations, 2 Yr. CAGR %	158.01	-13.59	87.71	-50.55	-4.93
Net Income, 2 Yr. CAGR %	158.01	-13.59	87.71	-50.55	-4.93
Normalized Net Income, 2 Yr. CAGR %	-69.85	233.54	723.75	37.08	13.97
Diluted EPS Before Extra, 2 Yr. CAGR %	158.15	-13.4	86.19	-61.89	-63.31
Accounts Receivable, 2 Yr. CAGR %	-15.29	-12.78	-29	-41.39	-11.15
Net Property, Plant and Equip., 2 Yr. CAGR %	-19.75	-25.18	-18.2	-31.99	-30.05
Total Assets, 2 Yr. CAGR %	-24.79	-34.41	-40.65	-29.96	-29.4
Tangible Book Value, 2 Yr. CAGR %	3.52	-38.52	-75.05	-7.16	-21.34
Common Equity, 2 Yr. CAGR %	-26.05	-43.63	-64.12	-14.54	-35.43
Cash From Operations, 2 Yr. CAGR %	-47.57	597.8	192.14	5.49	8.99
Capital Expenditures, 2 Yr. CAGR %	116.9	-14.3	-63.22	-26.58	-5.51
Levered Free Cash Flow, 2 Yr. CAGR %	-0.38	26.74	118.54	-10.56	-36.59
Unlevered Free Cash Flow, 2 Yr. CAGR %	-22.92	41.66	85.09	-13.02	-37.47
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-23.15	-22.05	-17.59	-29.11	-33.43
Gross Profit, 3 Yr. CAGR %	-31.49	-30.23	-25.9	-60.09	-33.07
EBITDA, 3 Yr. CAGR %	-70.25	0	70.38	150.43	21.26
EBITA, 3 Yr. CAGR %	-60.05	7.49	59.29	94.21	12.79
EBIT, 3 Yr. CAGR %	-54.31	20.27	43.73	88.85	12.79
Earnings From Cont. Operations, 3 Yr. CAGR %	-70.6	335.96	-40.43	44.91	-36.52
Net Income, 3 Yr. CAGR %	-70.6	335.96	-40.43	44.91	-36.52
Normalized Net Income, 3 Yr. CAGR %	-83.7	66.59	145.76	357.2	20.12
Diluted EPS Before Extra, 3 Yr. CAGR %	-70.6	335.57	-40.59	21.66	-66.49
Accounts Receivable, 3 Yr. CAGR %	-11.95	-17.5	-21.15	-35.47	-38.91
Net Property, Plant and Equip., 3 Yr. CAGR %	32.37	-19.43	-22.74	-27.84	-26.13
Total Assets, 3 Yr. CAGR %	-17.16	-35.82	-31.3	-38.8	-29.66
Tangible Book Value, 3 Yr. CAGR %	3.45	-25.33	-60.73	-30.56	-42.97
Common Equity, 3 Yr. CAGR %	-18.42	-44.37	-49.34	-38.74	-41.86
Cash From Operations, 3 Yr. CAGR %	-63.63	44.22	236.42	127.29	-1.32
Capital Expenditures, 3 Yr. CAGR %	10.12	47.43	-47.36	-28.39	-43.82
Levered Free Cash Flow, 3 Yr. CAGR %	-55.7	69.26	16.23	57.52	-23.13
Unlevered Free Cash Flow, 3 Yr. CAGR %	-53.55	27.77	25.11	38.49	-23.82
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-13.61	-21.44	-23.56	-25.4	-26.83
Gross Profit, 5 Yr. CAGR %	-17.97	-29.07	-33.63	-48.91	-28.35
EBITDA, 5 Yr. CAGR %	-50.79	-26.38	-22.28	6.6	50.27
EBITA, 5 Yr. CAGR %	-41.04	-24.81	-17.45	11.57	38.39
EBIT, 5 Yr. CAGR %	-39.03	-21.8	-12.01	19.35	30.11
Earnings From Cont. Operations, 5 Yr. CAGR %	-29.55	18.67	-38.28	82.52	-28.18
Net Income, 5 Yr. CAGR %	-29.55	18.67	-38.28	82.52	-28.18
Normalized Net Income, 5 Yr. CAGR %	-63.35	-23.25	-21.73	54.09	80.73
Diluted EPS Before Extra, 5 Yr. CAGR %	-29.31	18.98	-38.48	64.38	-51.01
Accounts Receivable, 5 Yr. CAGR %	-6.61	-19.6	-19.21	-28.05	-29.56
Net Property, Plant and Equip., 5 Yr. CAGR %	38.42	38.84	9.19	-24.71	-25.75
Total Assets, 5 Yr. CAGR %	-20.5	-32.1	-27.5	-33.54	-31.6
Tangible Book Value, 5 Yr. CAGR %	10.07	-16.51	-41.43	-18.53	-41.23
Common Equity, 5 Yr. CAGR %	-23.65	-39.66	-41.26	-33.95	-42.57
Cash From Operations, 5 Yr. CAGR %	-40.24	-14.72	-16.31	26.41	114.33
Capital Expenditures, 5 Yr. CAGR %	47.15	49.31	-28.98	11.55	-33.48
Levered Free Cash Flow, 5 Yr. CAGR %	-33.32	-14.42	-16.12	31.14	-6.11
Unlevered Free Cash Flow, 5 Yr. CAGR %	-29.48	-15.54	-19.25	9.56	-2.36
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	-