ÖBB Annual Report 2025

237 Consolidated Financial Statements Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 45 Tax losses carried forward amounting to EUR 4,176.0 million (py: EUR 4,430.1 million) stem from Austrian companies and may be carried forward without restriction under the current law. Annual usage of losses carried forward is limited to 75% of the respective taxable income in Austria, however, EUR 2,124.1 million (py: EUR 2,417.9 million) result from pre-tax group losses and can therefore be utilized in their entirety against taxable income generated in future periods. Loss carryforwards from foreign companies amount to EUR 285.6 million (py: EUR 267.9 million). Of this amount, EUR 130.5 million (py: EUR 123.0 million) originates from the Arverio Group acquired in the 2024 financial year and can be carried forward indefinitely. No deferred tax assets were recognized for this. The Hungarian company Rail Cargo Hungaria Zrt reports an unlimited loss carryforward of EUR 145.3 million (py: EUR 138.1 million ), for which it has not recognized any deferred tax assets. The Croatian company Rail Cargo Logistics – Croatia d.o.o. was unable to recognize deferred tax assets on its loss carryforward of EUR 1.1 million due to a lack of sufficient future positive taxable results. Similarly, the Russian company ooo Rail Cargo Logistics – RUS did not recognize any deferred tax assets on its loss carryforward of EUR 4.3 million (py: EUR 2.1 million ). The Italian subsidiary Rail Cargo Logistics – Terminals Italy S.r.l. was able to recognize deferred tax assets on its loss car- ryforwards of EUR 0.7 million , which can be carried forward indefinitely. The Czech company Rail Cargo Terminal – Praha s.r.o. recognizes deferred tax assets on its loss carryforwards of EUR 1.5 million , as it assumes that it will be able to fully utilize its losses in the coming years. The Hungarian company Rail Cargo Logistics – Hunagria Kft. capitalized deferred tax assets on its loss carryforwards in the amount of EUR 0.4 million. With respect to seventh-part depreciations of investments not yet claimed as operational expense for tax purposes, there were depreciations in accordance with Section12 (3) of the Corporate Tax Act as of December 31, 2025 in an amount of EUR 19.4 million (py: EUR 34.0 million). No deferred tax assets were recognized in this respect. No deferred taxes were recognized on temporary differences from investments in associated companies and subsidiaries amounting to EUR 1,125.6 million (py: EUR 1,056.6 million).