Swedish footwear company, On Holding, reported record sales and increased profitability in its final quarter of 2025. The company's net sales grew 35.6% on a constant-currency basis, largely due to a doubling of sales in the Asia-Pacific region and expansion into apparel and accessories. However, in its 2026 guidance, analysts saw a deceleration of net sales, which some outlets labelled as weak. Despite this, CEO Martin Hoffmann highlighted several positive aspects of the company's performance and profitability, including a strong cross-profit margin of 62.8%. Despite external pressures like tariffs, he expressed confidence in the future. The CEO also highlighted that On Holding had exceeded the 3-billion mark for the first time and nearly 4 billion in cash.