ÖBB Annual Report 2025

Consolidated Financial Statements 278 Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 86 31. Service concession arrangements (IFRIC 12) The following explanations and disclosures relate to the requirements of IFRIC 12 (Service Concession Arrangements). These are agreements between enterprises for the provision of services that give the public access to major economic and public facilities. Liechtenstein and Switzerland concessions In accordance with EU law and the national legal systems of the countries involved, ÖBB-InfrastrukturAG, as the infrastruc- ture manager of those routes or parts of its network that are located on foreign territory, requires concessions from the respective national railroad authorities. – For the route on Liechtenstein territory, ÖBB-Infrastruktur AG was granted the previously existing railroad concession as an “infrastructure concession on the route between the Liechtenstein-Austrian state border at Schaanwald and the Liechtenstein-Swiss state border at Schaan” by resolution of the Government of the Principality of Liechtenstein dated December 15, 2020, LNR 2020-1825/BNR 2020/1848 AP 330.0. This concession is limited to 47 years and expires on December 31, 2067. – For the sections on Swiss territory, ÖBB-Infrastruktur AG was granted renewal of the previously existing “Concession no. 5030 for the construction and operation of railroad infrastructure” by orders of the Federal Department of the Environ- ment, Transport, Energy and Communications dated March 3, 2017, and November 4, 2021, • for the route St. Margrethen – border (– Bregenz) until December 31, 2067; • for the route Buchs SG – border (– Feldkirch) also until December 31, 2067. ÖBB-Infrastruktur AG therefore has current and valid infrastructure concessions as infrastructure manager for the sections of the existing cross-border railroad lines to Switzerland and Liechtenstein located on foreign territory until the end of 2067 in accordance with the relevant EU legal requirements and therefore has the rights and obligations of a railroad infrastruc- ture manager for the lines covered by the concessions there – comparable to the legal position granted to it in Austria under Section51 of the Austrian Federal Railways Act. The Feldkirch-Buchs line must therefore be maintained in its current state in a good condition suitable for safe and orderly railroad operations and made available to railway undertakings for the operation of traffic within the scope of their right of access. The infrastructure assets in Liechtenstein and Switzerland are the property of ÖBB-Infrastruktur AG. As of December 31, 2025, these assets had a carrying amount of EUR 31.2 million (py: EUR 26.9million). The concessionaire assumes responsi- bility for the conveyance of people, luggage, and freight. Germany concessions Arverio Baden-Württemberg GmbH Arverio Baden-Württemberg GmbH has been operating five regional rail routes (3 regional rail transport contracts: Network 1 Lot 2, Network 1 Lot 3, Network 3a) with over 700 kilometers of track and 10 million train kilometers per year since 2019. The vehicle fleet operated by Arverio Baden-Württemberg GmbH is leased from Landesanstalt Schienenfahrzeuge Baden-Württemberg (AöR) (SFBW). The subsidiary recognizes the lease agreements for vehicles in accordance with IFRIC 12 Service Concession Arrangements and not in accordance with IFRS 16, and therefore does not recognize a right of use or a separate lease liability in the Statement of Financial Position in relation to these agreements. The vehicles are leased by the ordering organization. In accordance with IFRS 15.70, costs payable to the transport com- pany, such as lease payments for vehicles, are offset against subsidy revenues, since the transport company is considered to be a customer under IFRIC 12 and provides the vehicles. Revenue is based on long-term transport agreements (franchise agreements) with the public sector, most of which are so- called gross contracts with an incentive effect, in which the revenue from the contract is independent of the fare revenue, apart from a small incentive component. The difference between passenger revenue and franchise contract revenue is paid by the public transport authority as a subsidy. Franchise agreement revenues are among other things based on kilometers covered and service/quality level. Revenue is recognized on the basis of the monthly performance figures collected by the transport company. Only a small proportion is in the form of so-called net contracts, in which the transport company bears the entire fare risk. Arverio Bayern GmbH In Bavaria, Arverio Bayern GmbH operates two transport networks on the basis of franchise agreements, each with a term of 12 years, which together are expected to generate total revenue of EUR 2 billion. The contract for E-Netz Allgäu began in December 2021 and the contract for the Augsburg network started in December 2022. The franchise agreements de- termine the subsidy revenue independently of the passenger revenue. The difference between passenger revenue and franchise contract revenue is paid by the public transport authority as a subsidy. Franchise agreement revenues are among