Jungfraubahn Holding AG announced declining visitor numbers has intensified due to the armed conflict in the Middle East.

ungfraubahn Holding AG announced in an ad hoc release pursuant to Article 53 of the Listing Regulations that the trend of declining visitor numbers has intensified due to the armed conflict in the Middle East. From the beginning of the year to the end of April, the three segments Jungfraujoch – Top of Europe, Adventure Mountains, and Winter Sports recorded an overall decrease in visitor numbers of 5.7 percent.

The slow start to 2026 became more pronounced for the Jungfrau Railway Group in April: In the first four months, 12.3 percent fewer guests visited the Jungfraujoch – Top of Europe than in the same period of the previous year. Across the adventure mountains, the total number of guests for the first four months amounted to 216,900, representing a decrease of 9.6 percent compared to 2025 (240,000 guests). In the 2025/2026 winter season, which ended at the end of April, 932,200 skier visits were recorded from January 1st to April 30th. This is 3.3 percent fewer than in the same period in 2025 (964,300 skier visits).

Across all three segments, frequencies declined by 5.7 percent after the first four months. The main reasons for this are the ongoing hostilities in the Middle East and the associated airspace restrictions, rising kerosene prices, and increasing uncertainty, particularly in Asian markets.

Nevertheless, the Jungfraubahn Group continues to report strong bookings for the coming months. This demonstrates once again that the company, with its long-term strategy, clear positioning, and broad market base, is well-positioned and less dependent on individual markets.

Depending on the duration and intensity of the conflict, these developments will have a negative impact on the 2026 financial results. The Jungfraubahn Group will provide an initial interim assessment in its

half-year report at the end of August.

The financial targets communicated in January are designed for the medium term, extending to 2030, although not all of them are likely to be achievable in the 2026 financial year due to the Middle East conflict.