ÖBB Annual Report 2025

Consolidated Financial Statements 226 Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 34 The provision for demolition costs provides for contractual obligations in connection with the sale of properties or future costs incurred in connection with properties that have already been sold, but are still under development. According to a sensitivity analysis, a change in costs of +/- 10% would increase/decrease the provisions for environmental risks and asset retirement commitments by EUR 4.3 million (py: EUR 4.1 million). Sensitivities were not determined for the provision for demolition costs, as the provision consists of many individual amounts for which different metrics, estimates, and calculations are used. Changing individual metrics would therefore not be particularly meaningful. With regard to regulatory proceedings, please refer to the safeguard clause IAS37.92 (Note26.2). Proceedings initiated by the Austrian Federal Competition Authority ( Bundeswettbewerbsbehörde – BWB) In October 2024, the European Commission (EC) imposed a fine of EUR 16.7 million on ÖBB-Holding AG, ÖBB- Personenverkehr AG, and ÖBB-Technische Services-GmbH for violating the ban on cartels. An action for annulment was brought before the European Court of Justice (ECJ) against the EC’s decision. A decision by the ECJ is not expected before the end of 2026. A provision was recognized for these court proceedings on the basis of current estimates. The outcome of the proceedings is fraught with uncertainty. The actual amount may differ from the amount accrued. A further break- down for the purpose of minimizing litigation risk remains to be done. The provisions can be found in Note 26.2. e. Income taxes Deferred tax assets were recognized for temporary differences between the tax base and the carrying amounts of assets and liabilities and for losses carried forward. Please refer to the partial income tax exemption regarding the tax situation of ÖBB-Infrastruktur AG (listed under the heading “Tax position”). When assessing deferred tax assets, the Board of Man- agement evaluates the prospective usage within the five-year tax planning period (Note13). The recognized deferred tax assets on existing tax loss carryforwards and temporary differences are based on an estimate of the taxable results for the next five years. If the tax assessment regarding the qualification of the segments of ÖBB- Holding AG changes from “exempt from taxes” and “taxable” or if future taxable profits should be insufficient, this may have a significant impact on the amount of deferred tax assets. When assessing deferred tax assets, the Board of Manage- ment evaluates the prospective usage within the five-year tax planning period (Note13). Tax matters are subject to uncertainties with regard to their assessment by the tax authorities and it cannot be ruled out that they may come to different conclusions in individual cases. If changes in the assessment are likely, a corresponding provision is recognized. This was not required as of December 31, 2025 or as of December 31, 2024. f. Cross-border leasing In respect of contractual parties to investments with at least an AA+ rating or for which a subsidiary guarantor liability is assumed by the government for their performance, the default risk is still regarded as extremely low, so that no need for change is seen at present and these transactions can continue to be presented “off balance.” Should there be unexpected defaults on these investments or should requirements for the minimum rating no longer be fulfilled, the obligations from the transactions and the investments will be recognized in the Statement of Financial Position, and allowances for these investments will be recognized or the repayment vehicle will be exchanged (Note 30.3.). g. Financial obligations Various proceedings, lawsuits and other claims against or by ÖBB-HoldingAG and its subsidiaries are pending in the ordi- nary course of business. These issues are subject to a large number of uncertainties, and the outcome of the negotiations or processes cannot be predicted with certainty. Consequently, as of December 31, 2025, the Board of Management is unable to determine the total amount of financial liabilities or claims, or their impact on the ÖBB Group’s financial position with final certainty. These procedures could materially affect the results when they are finalized. However, the Board of Management believes that after final settlement of such cases, the impacts will not significantly exceed the provisions recognized, and therefore will not have any material consequences on the Consolidated Financial Statements.