ÖBB Annual Report 2025

Consolidated Financial Statements 236 Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 44 Deferred tax assets and liabilities Deferred tax assets and deferred tax liabilities as of December 31, 2025 and December 31, 2024 are the result of the following temporary differences between the carrying amounts in the IFRS financial statements and the relevant tax bases, insofar as they do not relate to the tax-exempt portion according to Section50 (2) of the Federal Railways Act: Deferred taxes are attributable to the following significant Deferred tax Deferred tax Items in the statement of financial position, losses carried forward and tax credits assets liabilities assets liabilities in EUR million Dec 31, 2025 Dec 31, 2025 Dec 31, 2024 Dec 31, 2024 Non-current assets Property, plant and equipment 18.3 -136.2 17.9 -130.7 Intangible assets 1.6 -3.8 1.7 -3.5 Investment property 47.6 -39.7 49.2 -41.0 Financial assets 1.2 -5.4 1.3 -7.3 Other receivables and assets 2.8 0.0 0.0 0.0 71.5 -185.1 70.1 -182.5 Current assets Inventories 5.4 -0.6 5.4 -0.7 Trade receivables 2.2 -0.4 1.5 -0.4 Other receivables and assets 0.2 -2.2 0.4 -0.4 Financial assets 0.4 -45.3 1.6 -2.7 Other financial assets 0.0 0.0 0.0 0.0 8.2 -48.5 8.8 -4.2 Non-current liabilities Financial liabilities 114.6 0.0 92.7 -0.2 Provisions 10.4 -2.1 12.6 -0.1 125.0 -2.1 105.3 -0.3 Current liabilities Financial liabilities 37.3 -1.1 27.1 -1.1 Provisions 24.8 -17.8 10.1 -4.6 Trade payables 1.5 -1.6 1.1 -1.6 Other liabilities 5.1 -0.2 6.4 0.0 68.7 -20.7 44.7 -7.3 Tax losses carried forward 180.5 0.0 215.6 0.0 Deferred tax assets/deferred tax liabilities 453.8 -256.4 444.6 -194.3 Offsetting -252.3 252.3 -190.0 190.0 Accumulated deferred tax assets/deferred tax liabilities 201.5 -4.1 254.6 -4.3 When assessing deferred tax assets, the Board of Management evaluates the prospective usage within the five-year tax planning period. The use of deferred tax assets requires sufficient taxable income during the periods in which the temporary differences or tax losses can be utilized. The Board of Management considers the scheduled reversal of deferred tax assets and the projected taxable income for this assessment. The temporary differences in the items property, plant and equip- ment and intangible assets result mainly from the different depreciation/amortization start (pro rata in accordance with IFRS compared to the half-year rule in accordance with the tax code) as well as from different tax acquisition costs. The temporary differences from the financial assets and liabilities mainly arise due to the different measurement of derivatives under IFRS (fair value measurement) and tax law (provision for onerous contracts). For the Austrian corporate tax group, as of December 31, 2025 there is a surplus of deferred tax assets from temporary differences of EUR 17.3 million (py: EUR 33.6 million), which are mainly attributable to measurement differences at ÖBB-Infrastruktur AG and ÖBB-Personenverkehr AG. In addition, deferred tax assets in the amount of EUR 3.8 million (py: EUR 5.4 million) and deferred tax liabilities in the amount of EUR -4.1 million (py: EUR -4.3 million) originate from for- eign subsidiaries. The deferred taxes are the result of surplus on the assets or liabilities side following netting operations at the corporate level. As a result of the planning statement, deferred tax assets of EUR 180.3 million(py: EUR 215.6 million) were also recognized on loss carryforwards. Of this, EUR 58.7 million (py: EUR 50.7 million) came from ÖBB-Infrastruktur AG, EUR 9.3 million (py: EUR 61.0 million) from ÖBB-PersonenverkehrAG, and EUR 111.6 million (py: EUR 103.3 million) from ÖBB-HoldingAG.