In 2025, the year in which intermodal traffic handled by the Swiss company grew by +4.3% ( of the 12th March 2026), revenues generated by the Hupac recorded an increase of +3.1% year-on-year rising to 645.8 million Swiss francs. More pronounced the increase in production costs, which amounted to 548.0 CHF million (+3.6%). The value of EBITDA is of €44.7 million (-25.4%) and that of the profit for the year of group of CHF 3.5 million (-62.4%).

Announcing today the financial results achieved in 2025, Hupac announced that the growth in turnover was lower than that of the volumes transported due to the impact negative exchange rate.

Commenting on the outcomes of the modal shift policy in Switzerland, the company noted that after three decades of success in the transfer of goods from road to combined transport, The trend reversed four years ago and from 2022 the transalpine combined traffic volumes decreased by -11%, while in the same period road transport has increased by +4%. Hupac noted that, with the cessation of the "Rolling Highway" at the end of 2025 ( of 9 December 2025), this trend is likely to be to continue. Hupac identifies the root cause of this negative trend in the renewal of the railway infrastructure: Also in 2025 - the company highlighted - the issue of construction sites has has played a central role in European rail freight transport and Further important work on the North-South corridor. Hupac stressed that, without countermeasures, there is a risk of further setbacks in a key to Swiss transport policy.

Referring to the policy response to this scenario, Hupac expressed appreciation for the decision of last March of Swiss Parliament to extend the contributions for the transalpine combined traffic, highlighting that this ensures planning security and contributes significantly to significant to enable all parties in the intermodal chain to to make the necessary investments to bring back transport combined on a successful path.

However, it is only from 2029, with the completion of the major works on the Rhine-Alpine corridor, Hupac plans new growth opportunities. The Swiss company has reminded that it is preparing for this recovery with the recent investments in new high-speed terminal infrastructures capacity in Piacenza, a terminal that has entered into function in 2025, and in Milano Smistamento, whose opening is scheduled for 2027, with the aim of increasing high-level frequency that are considered the central element for a strategy of long-term growth. In addition, Hupac recalled that it is expanding its network also westwards and, to this end, at the beginning of 2026 it put the Barcelona Terminal into operation Combiconnect to connect the Iberian Peninsula to the intermodal network European Union. Hupac, in fact, believes that the transport market from and Spain, which is still dominated by road transport, has a significant potential for combined traffic.