ÖBB Annual Report 2025

245 Consolidated Financial Statements Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 53 In its provisional annual financial statements, BBT SE reported total income, in addition to the figures mentioned above, of EUR 29.2million (py: EUR 26.6million) and total expenses of EUR 31.8million (py: EUR 30.9million). In the 2025 financial year, EUR 300.0 million (py: EUR 150.0 million) was paid to BBT SE as investment grants. The refunds contractually agreed with the state of Tyrol as part of the acquisition of shares and the payments made by the federal government in connection with the cross-financing of the road reduced the federal government subsidy and amounted to EUR 58.0 million (py: EUR 55.5 million). The following table summarizes the financial results of all companies reported using the equity method. The shares held directly and indirectly by the ÖBB Group are shown in the list of investments (Note 34). 2025 2024 Development of investments in associated companies in EUR million in EUR million As of Jan 1 33.3 32.6 Net income from associated companies 4.2 3.0 Distributions and other changes -2.4 -2.3 Disposal due to sale -0.5 0.0 As of Dec 31 34.6 33.3 18. Other financial assets 2025 in EUR million Current Non-current Total Investments 0.0 8.6 8.6 Financial assets – leasing 3.3 83.7 87.0 Other financial assets 126.8 23.5 150.3 Total 130.1 115.8 245.9 2024 in EUR million Current Non-current Total Investments 0.0 9.7 9.7 Financial assets – leasing 3.6 84.7 88.3 Other financial assets 113.9 73.2 187.1 Total 117.5 167.6 285.1 Financial assets – leasing Financial assets – leasing comprise non-current loans and are almost entirely related to cross-border leasing transactions. Their purpose is to cover future payment obligations (lease installments and acquisition costs). Capital gains on accumu- lating investments increase the amount, while servicing payment obligations reduces it. These financial assets are matched by financial liabilities in the same amounts. In addition, there are financial assets from finance leases in the amount of EUR 5.2 million (py: EUR 6.3 million). The figure for (non-current) financial lease assets includes EUR 81.8 million (py: EUR 81.8million), which reflects the residual value of leased assets held in the form of bank deposits. These assets are subject to a low credit risk as they are assigned investment grade ratings. Other financial assets This item mainly includes current securities, investment certificates, derivatives in a hedging relationship and derivatives with a positive carrying amount that are not in a hedging relationship. Other financial assets include a fiduciary investment related to vehicle purchases in the amount of EUR 60.7 million (py: EUR59.7 million).