ÖBB Annual Report 2025

243 Consolidated Financial Statements Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 51 The additions in the item “Cost contributions to third parties” mainly result from contributions paid to the Galleria di Base del Brennero – Base Tunnel BBT SE. Goodwill The development of goodwill is shown in the table above. This goodwill is mainly attributed to the Rail Cargo Group and CGU Arverio and is subject to impairment testing with respect to future economic benefit. The addition of goodwill in 2024 results from the initial consolidation of the Arverio Group (Note 2). Impairment Following an impairment test for goodwill with current planning data, an impairment loss of EUR 81.1 million is expected for 2025. No need for impairment was identified for 2024. See Note 3 and Note 14 for the metrics used to calculate the value in use and for further details. The goodwill reported as of December 31, 2025 totaling EUR 47.0 million (py: EUR 126.3 million) is attributable to the Arverio CGU in the amount of EUR 47.0 million (py: EUR 47.0 million) and as of December 31, 2024 in the amount of EUR 79.3 million to the Cargo CGU. The other changes result from foreign currency effects and, in 2024, from the acquisition and first-time full consolidation of Arverio Deutschland GmbH and its fully con- solidated subsidiaries. 16. Investment property This category only includes properties that do not qualify as railway assets (Section 10a Austrian Railway Act [ Eisenbahng- esetz – EisbG]) and can therefore be leased to third parties or sold. Investment property therefore mainly comprises properties held for lease and building rights. These properties have the same useful lives as the real estate assets recognized under property, plant and equipment. The assets developed as follows: 2025 2024 in EUR million in EUR million Cost As of Jan 1 520.6 469.5 Additions 0.0 0.9 Additions to acquisition costs from subsequent acquisitions 50.2 45.2 Disposals at acquisition cost -6.3 -2.1 Transfers from / to property, plant and equipment 2.2 7.0 As of Dec 31 566.7 520.6 Accumulated depreciation and amortization As of Jan 1 -182.3 -177.0 Depreciation and amortization -7.2 -6.4 Disposals 5.0 1.1 As of Dec 31 -184.5 -182.3 Net carrying amount as of Jan 1 338.2 292.5 Net carrying amount as of Dec 31 382.2 338.2 If investment property is leased out, this is done within the framework of operating leases. Rental income from these leases (excluding operating costs) amounted to EUR 31.2 million (py: EUR 22.7 million), and these were accompanied by directly attributable expenses (including repairs and maintenance, but excluding operating costs) at EUR 6.6 million (py: EUR 5.9 million). In addition, operating expenses of EUR 0.8 millionwere incurred (py: EUR 0.7 million), which were not offset by rental income. The ÖBB Group has not entered into any contracts for the maintenance of its investment property that would result in an obligation in this regard. The fair value totals EUR 1,342.3 million (py: EUR 1,226.6million). For 71% (py: 72%) of the properties, the measurements are performed by external experts and are not based exclusively on market data, and these are therefore assigned to hierarchy Level 3. The fair values for the remaining properties held for investment purposes were determined by internal experts at ÖBB-Immobilienmanagement GmbH using a discounted cash flow calculation based on the actual rents for the respective rental property. The resulting fair values were also classified as Level 3 in accordance with IFRS13.