Annual Report 2025
MCH Group - A Global Platform for Experiences, Networks, and Value Creation
"2025 was a year of consolidation and tangible progress for MCH Group. We operated with consistent discipline, strengthening both our profitability and liquidity."
Management Report
The business year 2025 at a glance, summarized here in the Management Report.
The Year in Brief
Our financial performance in 2025 reflects slight growth and disciplined cost management.
Operating income is slightly below prior year with CHF 429.5 compared to CHF 435.7 in 2024.
EBITDA reached CHF 51.2 million, a significant improvement compared to CHF 34.5 million in 2023.
Net profit increased to CHF 18.6 million in 2025 compared to CHF 3 million in 2024.
Our Key Financial Figures at a Glance
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CHF. Million EBIT
CHF. Million Net Profit
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Business Report
Art Basel
In 2025, Art Basel remained the Group's strongest earnings pillar and central growth driver with strong shows in Hong Kong, Basel, Paris and Miami Beach. With Art Basel Qatar, we added a new, profitable event and with innovations like Art Basel Awards and Zero 10, our initiative for art in the digital age, we further advanced innovation at Art Basel.
Exhibitions & Events
The Exhibitions & Events division demonstrated its capabilities through the successful delivery of numerous own and guest events, conferences, and congresses. We contributed to the successful operational delivery of the Eurovision Song Contest, demonstrating the flexibility of our teams and the capacity of our infrastructure.
Live Marketing Solutions
In 2025, Live Marketing Solutions (LMS) developed solidly during the year, delivering more than 2,300 projects and activations worldwide, with particularly encouraging performance in the United States and the Middle East. Highlights included major global platforms such as CES and Icons of Porsche.
Sustainability Report
The 2025 Sustainability Report reflects how we take responsibility and continue to evolve – with transparency, reflection and dialogue.
We Drive Change with Responsibility
At MCH Group, sustainability is a core element of how we shape our future. It guides our ambition to balance environmental responsibility, social progress and economic success, while creating long-term value for our stakeholders.
In 2025, we further embedded sustainability across our operations, governance and value chain. We strengthened our data-driven approach, expanded our partnerships and translated our strategy into measurable action across all business units. Through our platforms – bringing people together and enabling exchange – we actively contribute to positive impact beyond our own organisation.
Our Sustainability Report provides a transparent overview of our ESG performance and progress. It is prepared in accordance with the GRI Standards (2021) and fulfills the requirements of the Swiss Code of Obligations on non-financial reporting and integrates climate-related disclosures in line with TCFD.
Overview
Sustainability Management
In 2025, our sustainability approach continued to be guided by the DARE 2030 framework and our ambition: DARE to act. Empower to shine. Circular by design. Translating our ambitions into concrete action areas and targets across the Group.
DARE stands for:
Decarbonize – Reducing emissions towards net zero by 2050, with clear interim targets (–50% Scope 1 & 2 and –20% Scope 3 by 2030)
Accelerate – Driving economic, social and cultural impact through our platforms and partnerships
Rethink – Advancing circularity and efficiency, with the ambition of near-zero waste at our own events by 2030
Empower – Enabling our people, partners and suppliers to act sustainably through collaboration and knowledge sharing
In 2025, we further operationalized DARE by embedding sustainability into decision-making, procurement processes and event management, while strengthening our data foundation to support measurable progress.
Environment
In 2025, we made significant progress in improving data quality and transparency. Our enhanced carbon accounting approach, supported by digital tools such as Hydrus.AI, allows us to better measure, analyze and manage emissions across our global operations.
Key developments include:
– improved data coverage and refined methodologies for Scope 1–3 emissions
– measurable reductions in Scope 3 emissions, driven by better data and structural changes
– strong energy efficiency gains, with up to –34.6% electricity savings in optimized events
– increased focus on resource efficiency, circular materials and waste reduction
We also introduced new tools such as the CO₂ Infrastructure Report for guest events, enabling more transparent and informed decision-making across our value chain.
Social
In 2025, we strengthened our focus on empowering people and building sustainability competence across the organization. Through collaboration and knowledge sharing, we enable employees and partners to actively contribute to sustainable transformation.
Our priorities include:
– Promoting diversity at events like "women in science" at Ilmac
– knowledge sharing opportunities for employees for example in innovative materials
– introduce sustainable art to children at Art Basel
– investing in young talent through apprenticeships and internships
We aim to create an environment where people can grow, contribute and shape sustainable change together.
Economic Impact and Partnerships
As a platform for business, culture and community, MCH Group generates significant economic and societal value.
In 2025, our events and venues continued to act as drivers of regional development, innovation and exchange. Large-scale events such as the Eurovision Song Contest 2025 demonstrated both economic impact and the potential for sustainable event delivery at scale, generating substantial value for the region while integrating strong environmental and social measures.
We further strengthened our role as a connector and catalyst through:
– strategic partnerships across industries and value chains
– collaboration with initiatives such as the Gallery Climate Coalition and Net Zero Carbon Events
– support for innovation, start-ups and sustainable business models for example through the Rising Star Award at Igeho
In addition, our data-driven approach to sustainability enables us to actively support clients and partners in reducing their environmental impact and making more sustainable choices.
Governance
Sustainability is firmly embedded in our corporate governance structure. The Board of Directors holds ultimate responsibility, while the Group Management Team integrates ESG into strategic decisions.
Implementation is driven by the Global Sustainability Steering Council, a cross-functional body bringing together all business units to review material topics, monitor progress and define actions.
In 2025, governance maturity increased through:
– stronger integration of ESG into risk management and decision-making
– expanded supplier assessments and compliance processes
– continued rollout of policies and training based on our updated Code of Conduct
This ensures transparency, accountability and continuous improvement across the
Remuneration Report
All information on the remuneration systems for the Board of Directors and Executive Board for the 2025 financial year is summarized in the Remuneration Report.
Disclosure of compensation for the Board of Directors and Executive Board.
The Remuneration Report provides a transparent overview of MCH Group’s remuneration policy and practices. It outlines the remuneration of the Board of Directors and the Executive Board for the 2025 financial year and explains the underlying governance principles. The General Meeting of Shareholders votes annually in binding resolutions on remuneration.
All details, as well as the relevant statutes and documents for the General Meeting, can be found on our website.
Governance
The Board of Directors of MCH Group annually approves the compensation principles for the staff and determines the compensation of the members of the Board of Directors and the Executive Board. It submits the total amounts of the compensation of the Board of Directors and the Executive Board to the General Meeting for approval.
Minutes & Agenda Items of General Meetings
The Board of Directors’ resolutions on remunerations are made at the request of the Governance, Nomination and Compensation Committee (GNCC), which performs the duties of a Remuneration Committee and whose members are elected annually by the Annual General Meeting. The Annual General Meeting 2025 took place on May 27, 2025.
Governance Report
Insights into our management and control structures, our shareholder base, as well as information about our Board of Directors and Executive Board can be found in the Governance Report.
Responsible Corporate Governance
MCH Group is guided by legal requirements, the directives of the SIX Swiss Exchange, and the Swiss Code of Best Practice. The Governance Report provides insights into our management and control structures as well as specific regulations concerning the public sector: for example, the Canton of Basel-Stadt has the right to appoint two members of the Board of Directors.
More information about our articles of association and regulations can be found on our website.
Finance Report
Transparent insights into the business development and financial results of MCH Group Ltd.
Consolidated financial statements of MCH Group AG and its subsidiaries, and the annual financial statements of MCH Group AG.
Our Finance Report provides a comprehensive overview of the Group’s financial results, performance drivers, and balance sheet strength. Discover the key financials and insights shaping our year, including the consolidated results of the Group and the annual results of MCH Group Ltd.
