ÖBB Annual Report 2025

Consolidated Financial Statements 254 Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 62 Actuarial assumptions The following table shows the assumptions used in measuring the obligations for anniversary bonuses, severance payments, and pensions: Dec 31, 2025 Dec 31, 2024 Severance pay discount factor 4.20% 3.50% Pension discount factor 4.10% 3.45% Discount rate anniversary bonuses 3.90% 3.35% Rate of compensation increase 4.50% 4.60% Pension increases 2.00% 2.00% Employee turnover rate anniversary bonuses of tenured employees 0.00 to 1.15% 0.00 to 1.21% Employee turnover rate anniversary bonuses of other workers and employees 0.00 to 6.82% 0.00 to 7.48% The Group is usually exposed to the following actuarial risks with respect to severance payments and anniversary bonuses: – Interest rate risk: a decrease in the interest rate leads to an increase in provisions. – Salary risk: The present value of the provisions is calculated on the basis of the planned future salaries of the employ- ees entitled to the respective benefit. As a result, salary increases above the level already taken into account in the present value of the beneficiary employees lead to an increase in provisions. Statutory severance payments A provision for severance payments was recognized for severance claims arising from statutory and contractual regulations for those employees who are not tenured employees. Actuarial calculation of the provision is based on the PUC method as stipulated by IAS19, and on the biometric calculation principles for pension insurance of the Aktuarvereinigung Öster- reichs (the Actuarial Association of Austria) (AVO) 2018-P for male and female employees. Severance obligations to employees hired before January 1, 2003 are covered by defined benefit plans as described below. Following a change to the law, employees hired in Austria after January 1, 2003 are covered by a defined contribution plan. In this connection, in both reporting years, ÖBB Group paid EUR 27.1 million (py: EUR 23.5million) into the defined contribution plan (VBV VorsorgekasseAG and APK-PENSIONSKASSEAG). Upon retirement, eligible employees receive a severance payment which—depending on their length of service—is a mul- tiple of their monthly remuneration, up to a maximum of twelve months’ pay. Upon termination of employment, up to three months’ salaries are paid immediately, any benefit in excess of that amount being paid over a period not exceeding ten months. In the event of death, the employee’s beneficiaries are entitled to 50% of the severance payment. The following table shows the components of net severance expenses for the period and the development of severance provisions in the two reporting years: 2025 2024 in EUR million in EUR million Present value of the commitments as of Jan 1 84.1 84.4 Service cost 3.6 4.0 Interest cost 2.9 3.0 Recognized in the net income for the period 6.5 7.0 Actuarial losses (+) / gains (-) from changes in financial assumptions -8.0 -5.7 Experience adjustments 0.1 -0.4 Recognized in other comprehensive income -7.9 -6.1 Severance payments -3.4 -2.0 Company sales and acquisitions and transfers within the Group 0.0 0.8 Present value of the commitments as of Dec 31 79.3 84.1