ÖBB Annual Report 2025

Consolidated Financial Statements 250 Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 58 23. Share capital and other equity The development of the shareholders’ equity is shown in the Consolidated Statement of Changes in Shareholders’ Equity. Share capital and capital reserves The share capital is unchanged, made up of 190,000 ordinary shares with a nominal value of 10,000 euros each and is fully paid in. The share capital is stipulated by Section2 (1) of the Austrian Federal Railways Act ( Bundesbahngesetz – BBahnG) and constitutes the share capital of the parent company. The share capital was raised pursuant to Section2 (2) of the Federal Railways Act by contribution of all shares of the federal government in Austrian Federal Railways. The shares were to be recognized as equity within the meaning of Section 224 (3) Austrian Commercial Code (UGB) in accordance with the Statement of Financial Position of Austrian Federal Railways as of December 31, 2003. The shares in ÖBB- HoldingAG are reserved for the Republic of Austria in their entirety pursuant to Section2 (1) of the Federal Railways Act, and may not be traded publicly. The additional paid-in capital amounts to EUR 144.6 million (py: EUR 144.6 million). These relate primarily to restructuring measures in the past. The increase of EUR 2.7 million in 2024 relates to additional paid-in capital created by the demerger, which concerns the transfer capital and the combination of the assets and liabilities from the demerger to take up the infrastructure operations of Graz-Köflacher Bahn und Busbetrieb GmbH (see A. Basis of preparation and accounting poli- cies). Shares of non-controlling interests in equity This item reflects the portion of the equity of any fully consolidated subsidiary that does not belong ÖBB-HoldingAG. The development of this item is shown in the Consolidated Statement of Changes in Shareholders’ Equity. 24. Reserves and retained earnings Dec 31, 2025 Dec 31, 2024 in EUR million in EUR million Other reserves -84.4 -104.6 thereof cash flow hedge reserve -3.0 -17.4 thereof translation differences -81.4 -87.2 Retained earnings 1,365.1 1,426.7 In addition, actuarial losses from the remeasured provisions for severance payments and pensions amounting to EUR 0.0million (py: EUR -7.7million) are reported under “retained earnings.” The actuarial losses in the statement of com- prehensive income include tax effects amounting to EUR 270 thousand (py: EUR 276 thousand). Differences resulting from capital consolidation prior to the transition to IFRS are recognized in retained earnings. Further information on the change in fair values is provided in Note 29.4.1. The change in the cash flow hedge reserve is shown in the consolidated statement of comprehensive income. Income taxes included in other comprehensive income relate only to taxable items. Foreign currency translation differences are the result of translating the financial statements of foreign operations into the reporting currency. The cash flow hedge reserve mainly relates to commodity derivatives. See the Consolidated Statement of Changes in Shareholders’ Equity for further explanation.