ÖBB Annual Report 2025

273 Consolidated Financial Statements Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 81 Net results by measurement category Broken down by measurement categories, the net result is represented as follows: Result of subsequent measurement Dec 31, 2025 in EUR million Interest income/expenses At fair value Foreign currency translation Result from allowance Result from disposal Result from investments Financial assets at amortized cost 9.7 0.0 -1.8 0.2 0.0 0.0 FVtPL (EK instruments) 0.0 -0.1 -0.1 0.0 0.0 0.4 Financial liabilities at amortized cost*) -688.7 0.0 8.1 0.0 0.0 0.0 *) Interest expenses include negative interest from loans in the amount of EUR 8.8million. Result of subsequent measurement Dec 31, 2024 in EUR million Interest income/expenses At fair value Foreign currency translation Result from allowance Result from disposal Result from investments Financial assets at amortized cost -3.2 0.0 0.0 0.0 0.0 0.0 FVtPL (EK instruments) 0.0 0.2 0.0 -0.2 0.2 0.7 Financial liabilities at amortized cost*) -595.7 0.0 -6.3 0.0 0.0 0.0 *) Interest expenses include negative interest from loans in the amount of EUR 8.9million. The interest income/expenses from financial liabilities classified as “Financial liabilities at amortized cost” mainly comprises interest expenses of EUR 688.7 million (py: EUR 595.1 million) from bonds and loans. Furthermore, interest income from the compounding and discounting of trade payables is subsumed under this classification. The net financial results do not include any expenses arising from allowances on receivables. 29.6. Derivative financial instruments The following table shows the reported fair values of all derivative financial instruments. They are divided into those that are part of an effective hedging relationship in accordance with IFRS 9 (cash flow hedge) and those that are not. Assets Liabilities in EUR million Carrying amounts as of Dec 31, 2025 Carrying amounts as of Dec 31, 2024 Carrying amounts as of Dec 31, 2025 Carrying amounts as of Dec 31, 2024 Interest rate swaps with cash flow hedges 2.3 1.5 5.4 7.7 Power forwards without hedge relation 6.0 7.6 4.9 15.3 with cash flow hedges 3.9 10.6 4.1 20.4 Diesel swaps with cash flow hedges 0.0 0.3 3.5 0.9 Other derivatives without hedge relation 0.2 0.0 0.0 0.3 Total 12.4 20.0 17.9 44.6 Other derivates without a hedging relationship as of December 31, 2025 relate to forward foreign exchange contracts entered into to hedge the remaining open positions from the closed CBL transactions, which have a fair value of EUR 0.2 million (py: EUR 0.3 million).