ÖBB Annual Report 2025

201 Consolidated Financial Statements Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 9 Notes to the Consolidated Financial Statements as of Dec 31, 2025 A. BASIS OF PREPARATION AND ACCOUNTING POLICIES Österreichische Bundesbahnen-Holding Aktiengesellschaft (hereinafter referred to as “ÖBB-HoldingAG”) and its subsidiar- ies constitute the Österreichische Bundesbahnen-Holding Aktiengesellschaft Group (hereinafter referred to as “ÖBB Group”). ÖBB-Holding AG is a joint stock company incorporated in 2004 pursuant to Section 2 (1) Austrian Federal Railways Act ( Bundesbahngesetz – BBahnG) as amended by the Federal Railways Structure Act ( Bundesbahnstrukturgesetz – BBStrG) according to Federal Law Gazette (BGBl.) I no. 138/2003 as the controlling company of the ÖBB Group. Its registered office is in Vienna and 100% of its shares are reserved for the federal government. The shares are managed by the Federal Ministry of Innovation, Mobility and Infrastructure. The address of the registered office is: Am Hauptbahnhof 2, 1100 Vienna, Austria. The ÖBB Group is registered in the Company Register at the Commercial Court (Handelsgericht) Vienna under number FN 247642 f. This is also where the Consolidated Financial Statements are filed. ÖBB-HoldingAG is the strategic controlling company of the ÖBB Group, holding all of the shares of the three stock corpo- rations (sub-groups) ÖBB-Personenverkehr Aktiengesellschaft, Rail Cargo Austria Aktiengesellschaft, and ÖBB-Infrastruktur Aktiengesellschaft (hereinafter“AG” instead of “Aktiengesellschaft”). The sub-groups are hereinafter referred to as the ÖBB- Personenverkehr sub-group, Rail Cargo Group, and ÖBB-Infrastruktur sub-group. Pursuant to Section189a (1) (a) Austrian Commercial Code ( Unternehmensgesetzbuch – UGB), one subsidiary of ÖBB- HoldingAG, ÖBB-InfrastrukturAG, is a company of public interest and is therefore obligated to prepare separate sub-group financial statements in accordance with IFRS because it has issued bonds listed for trade in the regulated market at the Vienna Stock Exchange. The sub-group financial statements of ÖBB-Infrastruktur AG are filed with the Commercial Court Vienna under Company Register number FN 71396 w. 1. Accounting principles In accordance with Section 244 Austrian Commercial Code (UGB), ÖBB-Holding AG is required to prepare Consolidated Financial Statements. The consolidated financial statements as of December 31, 2025 were prepared in accordance with Section245a (2) of the Austrian Commercial Code (UGB) in conjunction with the “IFRS Regulation” in accordance with the International Financial Accounting Standards (“IFRS,” “IAS”) adopted by the International Accounting Standards Board (“IASB”) and the interpretations of the International Financial Reporting Interpretations Committee (“IFRIC,” “SIC”), which were in force as of December 31, 2025 and endorsed by the European Union, as well as the additional requirements of section 245a UGB. With these Consolidated Financial Statements according to IFRS, ÖBB-Holding AG issues exempting Consolidated Financial Statements pursuant to Section245a Austrian Commercial Code in accordance with internationally accepted accounting principles. The Consolidated Financial Statements are presented in euros (EUR ). All amounts indicated in these Notes are presented in millions of euros (EUR million) or thousands of euros (EUR thousand), unless another currency unit is indicated. Rounding differences may occur as the rounded presentation includes figures not shown that are subject to precise internal calcula- tion . Disclosures on amended and new IFRS regulations The following standards and interpretations were amended compared to the Consolidated Financial Statements as of December 31, 2024, or were to be applied initially on a mandatory basis due to the endorsement by the EU or due to the regulation coming into effect. Revised and amended standards/interpretations Effective as of 1) Impact on the Consolidated Financial Statements IAS 21 Lack of exchangeability 01.01.2025 No 1) Applicable for financial years starting on or after the indicated date. Outlook on future IFRS amendments The following standards and interpretations were issued by the IASB and were endorsed by the EU with the exception of those labeled with Note 2. The option of applying individual standards early was not exercised. The potential impacts of the new and amended standards are currently being evaluated.