ÖBB Annual Report 2025

271 Consolidated Financial Statements Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 79 The fair values stated with the relevant balance sheet items in the tables below relate solely to the financial instruments. All financial assets and liabilities, except for the item cash and cash equivalents (cash) as well as bonds with an ISIN number, which are reported in the financial liabilities, are measured at fair value pursuant to Level 2. Level 2 measurements are based on input parameters – other than the quoted prices included at level 1 – that are either directly or indirectly observ- able on the market for the asset or liability. The fair value of long-term financial instruments is based on discounted cash flows. Market prices are used for the indicated fair values of bonds issued with an ISIN in the amount of EUR 5,403.3 million (py: EUR 7,009.8million). Of this amount, unadjusted quoted prices (Level 1 measurement) are available for EUR 5,218.5 million (py: EUR 6,851.5million). The present values were calculated for EUR 150.9 million (py: EUR 158.3million) as no market quotations were available. Level 1 measurements are those derived from quoted prices (unadjusted) in active markets for identical assets or liabilities. The source for the quotations is Bloomberg. The bonds were issued on the exchanges in Luxembourg and Vienna. The fair value of bonds with CUSIP numbers that were issued for the first time in 2015 is EUR 34.0 million (py: EUR 64.3million). These were measured using a valuation model based on market parameters in accordance with Level 2. Financial assets Dec 31, 2025 in EUR million Carrying amount less non- financial instru- ments Financial instru- ments FVtPL EK instru- ments Manda- torily at FVtPL at amortized cost Leasing Cash Hedge Account- ing Fair value Non-current assets Financial assets 115.8 0.0 115.8 8.6 0.0 101.1 1.9 0.0 4.1 115.8 Other receivables and assets 229.5 61.1 168.4 0.0 0.0 168.4 0.0 0.0 0.0 168.4 Current assets Financial assets 130.1 0.0 130.1 0.0 6.2 118.4 3.3 0.0 2.2 131.2 Trade receivables 610.7 30.1 580.7 0.0 0.0 580.7 0.0 0.0 0.0 580.7 Other receivables and assets 682.4 570.1 112.2 0.0 0.0 112.2 0.0 0.0 0.0 112.2 Cash and Cash equivalents 189.9 0.0 189.9 0.0 0.0 0.0 0.0 189.9 0.0 189.9 Total carrying amount per category 8.6 6.2 1,080.8 5.2 189.9 6.2 *) The fair values stated for financial liabilities do not include any values for lease liabilities. Financial liabilities Dec 31, 2025 in EUR million Carrying amount less non- financial instruments Financial instru- ments at amortized cost At Fair Value through Profit and Loss (Held for Trading) Hedge Account- ing Leasing Fair value*) Non-current liabilities Financial liabilities 36,413.5 0.0 36,413.5 35,743.0 0.0 1.0 669.5 32,858.3 Other liabilities 383.8 381.8 2.0 2.0 0.0 0.0 0.0 2.0 Current liabilities Financial liabilities 2,789.7 0.0 2,789.7 2,599.8 4.9 11.9 173.0 3,048.4 Trade payables receivables 1,676.3 35.2 1,641.2 1,641.2 0.0 0.0 0.0 1,641.2 Other liabilities 931.0 699.5 231.5 231.5 0.0 0.0 0.0 231.5 Total carrying amount per category 40,217.4 4.9 13.0 842.5