Auditors

Ernst & Young AG, Bern, Switzerland, have been the Galenica Group’s auditors since 2017. Daniel Zaugg, certified accountant and partner at Ernst & Young, has been the leading auditor since the business year 2021. The total fees paid to the Group’s auditors, Ernst & Young, in 2025 for their audit of Galenica and its subsidiaries amounted to CHF 1,026,000.

The fees paid to Ernst & Young and their close collaborators for other services rendered to Galenica and its subsidiaries in the period under review amounted to CHF 229,000 for additional advice in audit matters (such as tax advice, due diligence and services in relation to the limited assurance of the report on non-financial matters).

In 2025, the auditors attended two meetings of the Audit and Risk Committee and one meeting of the Board of Directors. The chair of the Audit and Risk Committee separately met the lead auditor several times during the year. The auditors presented their report to the Board of Directors at the meeting of 5 March 2026.

The auditors are regularly informed of new projects. Their activities are reviewed at least once a year by the Audit and Risk Committee. The criteria that are of particular importance in these reviews are: competence in reporting, understanding of the structure of the Group, quality of reporting, compliance with deadlines, independence, and costs. The auditors have direct access to the chair of the Audit and Risk Committee regarding the discussion of relevant issues.

The timing of the auditor rotation is currently under review.