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Oinverse (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure of subsidiaries [abstract]

Disclosure of Subsidiaries

												Equity interest
Entity						Domicile						12/31/2024						12/31/2023
On Holding AG						Zurich, CH
On AG						Zurich, CH						100%						100%
On Brazil Ltda.						Sao Paulo, BR						100%						100%
On Cloud Service GmbH						Berlin, DE						100%						100%
On Clouds GmbH						Zurich, CH						100%						100%
On Clouds Inc.						Dover, DE, USA						100%						100%
On Europe AG						Zurich, CH						100%						100%
On Experience 1-12, LLC(1)						Delaware, USA(1)						100%						100%
On Hong Kong Limited						Hong Kong, SAR of CN						100%						100%
On Inc.						Portland, OR, USA						100%						100%
On Italy S.r.l.						Milan, IT						100%						100%
On Japan K.K.						Yokohama, JP						100%						100%
On Korea Ltd.						Seoul, Korea						100%						100%
On Oceania Pty Ltd.						Melbourne, AU						100%						100%
On Running Canada Inc.						Vancouver, CA						100%						100%
On Running Sports Products (Shanghai) Company Ltd.						Shanghai, CN						100%						100%
On Running UK Ltd.						London, UK						100%						100%
On Services UK Ltd.						London, UK						100%						0%
On Vietnam Co. Ltd.						Ho Chi Minh City, VN						100%						100%
Brunner Mettler GmbH						Zurich, CH						100%						100%

(1) On Experience 1-12, LLC consists of twelve entities (retail stores). They are all 100% owned as of December 31, 2024 and are all 100%

owned as of December 31, 2023, excluding On Experience 9-12, LLC entities, which were —% owned as of December 31, 2024 (entities did

not exist as of December 31, 2023).

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- Definition

The disclosure of subsidiaries. [Refer: Total for all subsidiaries [member]]

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