ÖBB Annual Report 2025

Consolidated Financial Statements 282 Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 90 attributable to capitalized interest under IAS 23 is considered to be an investment grant and is used to cover future expenses incurred in the form of depreciation and amortization. The disclosure in the consolidated financial statements is made as a reduction in the subsidy pursuant to Section 42 (1) of the Austrian Federal Railways Act and is presented as investment grants. Consequently, the amount of EUR 983.0million (py: EUR 904.1million) was recognized through profit or loss for operational management, inspection, maintenance, disposal and repair. The portion of annuity payments exceeding depreciation and amortization, amounting to EUR 138.0 million (py: EUR 27.9 million), is recognized in the Statement of Financial Position as deferred income to ensure that income is recognized on an accrual basis, and offsets depreciation and amortization in future periods. The balances related to subsi- dies for expansion and reinvestment, maintenance, and operational management are offset against liabilities, resulting in a liability to the federal government of EUR 141.2 million as of December 31, 2025 (py: EUR 244.4 million). Certain adjust- ments that were not included in the subsidy agreement currently valid for 2022–2027 are reported as receivables in accordance with the agreement with the federal government and are not offset against liabilities. Receivables amounted to EUR 182.6 million (py: EUR 69.3 million). The federal government adjusted the subsidy agreement for the damage caused by the 2024 floods and reimbursed lost revenue and costs of EUR 20.1 million for 2024. No additional subsidies will be or have been granted for the current and following financial year for the flood of 2024. The costs were covered by the federal government within the existing budget framework. The development of subsidies in 2025 breaks down as follows: in EUR million Total subsidy Accruals Effect on income 2025 Section 42 (1) Operational management 724.8 -240.5 484.3 Section 42 (2) Inspection, maintenance, disposal and repair 463.9 34.8 498.7 Total federal subsidy pursuant to Section 42 (1) and Section 42 (2) of the Federal Railways Act 1,188.7 -205.7 983.0 Section 42 (2) Expansion and reinvestment, usage fee 1,464.3 157.6 1,621.9 Total federal subsidy for rail infrastructure Section 42 (2) of the Federal Railways Act 1,464.3 157.6 1,621.9 Total other operating income 2,653.0 -48.1 2,604.9 No subsidies were repaid to the federal government during the reporting year (figure for py: EUR 93.0 million). The repay- ment in the prior year relates to both liabilities already recognized as of December 31, 2023 and federal grants received in 2024. The development of subsidies in 2024 was as follows: in EUR million Total subsidy Accruals and repayments Effect on income 2024 Section 42 (1) Operational management 657.3 -265.2 392.1 Section 42 (2) Inspection, maintenance, disposal and repair 464.3 47.7 512.0 Total federal subsidy pursuant to Section 42 (1) and Section 42 (2) of the Federal Railways Act 1,121.6 -217.5 904.1 Section 42 (2) Expansion and reinvestment, usage fee 1,408.4 159.3 1,567.7 Total federal subsidy for rail infrastructure Section 42 (2) of the Federal Railways Act 1,408.4 159.3 1,567.7 Total other operating income 2,530.0 -58.2 2,471.8 Please see Note 25 with regard to the liabilities assumed by the federal government and financing from 2017, which are mainly taken out through loans from the Republic of Austria, to be provided by the Austrian Bundesfinanzierungsagentur (OeBFA). In addition, there were further grants (generally investment grants for investment measures) from the Austrian provincial governments and municipalities in the amount of EUR 99.3 million (py: EUR 91.9 million), whereby as at the reporting date there were no outstanding receivables (py:no outstanding receivables). Furthermore, EU subsidies were granted amounting to EUR 58.9 million (py: EUR 37.8 million). The investment grants and EU grants are grants from the public authorities or the EU, and are recognized as a reduction of cost in the related assets. Remuneration of members of the Board of Management The Board of Management of ÖBB-HoldingAG consisted on the reporting date of two members. No advances or loans were granted to members of the Board of Management, nor were any contingent liabilities entered into in their favor. In accordance with Section 266 (2) of the Austrian Commercial Code (UGB), the ÖBB-Holding AG Board compensation for members of the Board of Management active in the reporting years amounted to EUR 1,366 thousand (py: EUR 1,264