• NuWays put Swissnet under review, suspending its rating after FY25 results missed guidance, citing liquidity strain and going-concern uncertainty.
• Cash fell to CHF 0.5 million from CHF 4.4 million. Tangible equity was CHF -10.7 million.
• Sales were CHF 21 million versus pro-forma guidance of CHF 28 million-CHF 30 million. H2 revenue slipped to CHF 9.7 million.
• Adjusted EBITDA was CHF 3.7 million versus guidance of CHF 5.5 million-CHF 6 million. Reported EBITDA was CHF 0.4 million.
• The auditor flagged weaknesses in financial reporting controls, stating it could not confirm an internal control system appropriate to the group’s risks.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. swissnet AG published the original content used to generate this news brief via EQS News (Ref. ID: rc_26844) on September 18, 2026, and is solely responsible for the information contained therein.