Zermatt Bergbahnen AG (ZBAG) can again look back on the most successful year in its operating history. Record figures were achieved for the third time in succession in the 2025/26 financial year, with sales of CHF 103.4 million, the highest EBITDA and the highest cash flow, with margins as a percentage of sales representing the very best in the industry. For the second year in a row, net operating income breached the CHF 100 million threshold. At the same time, ZBAG further strengthened its balance sheet, creating a sound financial basis for future investment. The foundation of this success lies in the systematic implementation over many years of its premium-brand strategy and thinking ahead in terms of generations rather than individual financial years.
