ÖBB Annual Report 2025

227 Consolidated Financial Statements Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 35 h. Information relating to climate policy aspects and risks (climate change) The ÖBB Group takes a holistic approach to sustainability and combines successful business with ecological compatibility and social responsibility. This ensures a sustainable corporate strategy in line with the precautionary principle. On the basis of this holistic approach, both the opportunities and risks posed by the Company in relation to the environment and for the Company itself with regard to sustainability issues are identified. On the basis of the annually updated climate risk and vulnerability analysis concerning physical climate risks, which was carried out for the first time in the ÖBB Group in 2022 as part of the implementation of the EU Taxonomy Regulation, as well as a general opportunity and risk analysis, the following significant topics relating to climate policy aspects and risks that have an impact on the ÖBB Group were identi- fied. – The risk of increased extreme weather events due to climate change (heavy rain, flooding, mudslides, storms, heat waves, etc.) has an impact on the operation of trains/buses and the infrastructure as well as on customers. This was demon- strated once again by the floods in Vienna and Lower Austria in September 2024, which had a significant impact on ÖBB railroad traffic through December 2024, as well as into June 2025 due to follow-up work. In order to counteract the effects on rail transport, appropriate measures are being taken throughout the ÖBB Group, such as the introduction of suitable monitoring and early warning systems as well as targeted research and development priorities to increase the resilience of installations, systems, vehicles, and processes. Increased efforts were made in 2025 to make the infrastruc- ture more resilient and to further develop operational processes as a whole with a view to improving resilience. – However, climate change also presents an opportunity for the Company with regard to the growth of public transport and the expansion of rail and bus services, which may result in a possible increase in capacity utilization and the associ- ated productivity, but also an increase in revenues/turnover. However, this is also associated with necessary investments in expanding the capacity of the rail system. – Due to climate change and related developments, the ÖBB Group is directly and indirectly exposed to the risk of rising energy prices, both for renewable energy (due to shortages on the market) and for fossil energy (due to the introduction of the CO 2. levy). In the course of the climate risk and vulnerability analysis, no significant long-term climate risks were identified for the in-house generation of traction power apart from the usual annual precipitation volatilities. The management has taken into account the recognizable or assessable effects of climate change in the course of preparing the consolidated financial statements. The climate risk and vulnerability analysis has not currently resulted in any effects on the recognition of provisions or indications of impairment of assets or necessary adjustments to useful lives. In the 2024 reporting year, there were disposals of EUR 1.8 million and reductions in useful lives with an effect of EUR 3.0 million in the area of property, plant and equipment due to the flooding along the Westbahn route in September 2024. Furthermore, no aspects related to climate change that would lead to an adjustment of the carrying amounts of assets and liabilities in the current consolidated financial statements were identified. Further details on the climate resilience of the ÖBB Group and any adaptation measures of all fully consolidated subsidiaries can be found in the non-financial statement for the ÖBB Group. This can be found in the Group Management Report. Differentiation of maturities Deferred taxes are to be reported as non-current in accordance with IAS 12. The short-term portion is therefore corre- spondingly disclosed in the Notes (Note 13). Real estate recovery projects are recognized in inventories, although their realization is not expected within the next twelve months. The long-term portion is disclosed in the Notes (Note21). Where trade receivables and trade payables are non-current, they are included in current items in accordance with IAS 1 “Presen- tation of Financial Statements” and are disclosed in Notes 20 and 27. Offsetting Carrying amount disposals and proceeds from the disposal of property, plant and equipment and intangible assets are netted and recognized in other operating income or other operating expenses as well as swap interest with the original interest expense (Note29). In the case of service concession arrangements (IFRIC 12), where receivables from order charges in the amount of the lease payments are assigned to the vehicle lessor in lieu of performance, neither lease liabilities nor receivables arising from these are recognized (Note 3). In addition, expenses and income from the structuring and profiling of electricity procurement (adjustment to the demand profile) and from balancing energy are netted.