ÖBB Annual Report 2025

Consolidated Financial Statements 284 Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 92 With regard to cash receipts and payments from or for the acquisition of consolidated companies, please refer to the Notes 34 together with the figures in parentheses, along with Note 2. The table shows the information on changes in financial liabilities, the inflows and outflows of which are presented in the Statement of Cash Flows under cash flow from financing activities. The cash changes do not include dividend distributions to non-controlling interests. in EUR million As of Dec 31,2024 Changes affecting cash flow Changes from the acquisition of holding companies Exchange rate changes Other changes to borrowed capital Changes not affecting net income As of Dec 31,2025 Non-current financial liabilities Bonds 5,363.8 0.0 0.0 -1.8 -1,035.5 0.0 4,326.5 Liabilities to banks 5,605.6 877.8 0.0 1.3 -257.2 -1.3 6,226.2 Financial liabilities leasing 706.9 2.0 4.3 -2.6 -41.4 0.3 669.5 Other financial liabilities 22,074.8 3,742.6 0.0 0.0 -627.0 0.9 25,191.3 Total non-current financial liabilities 33,751.1 4,622.4 4.3 -3.1 -1,961.1 -0.1 36,413.5 Current financial liabilities Bonds 1,527.7 -1,500.0 0.0 -3.9 1,010.2 0.0 1,034.0 Liabilities to banks 223.7 -90.8 0.0 0.0 281.8 0.3 415.0 Financial liabilities leasing 169.4 -177.1 4.8 0.0 173.9 2.0 173.0 Other financial liabilities 449.5 -146.1 1.0 0.0 770.2 70.7 1,145.3 Total excluding financial liabilities that are part of cash and cash equivalents 2,370.4 -1,914.0 5.8 -3.9 2,236.1 73.0 2,767.3 in EUR million As of Dec 31, 2023 Changes affecting cash flow*) Changes from the acquisition of holding companies Exchange rate changes*) other changes to borrowed capital*) Changes not affecting net income*) As of Dec 31, 2024 Non-current financial liabilities Bonds 6,885.7 0.0 0.0 3.8 -1,525.7 0.0 5,363.8 Liabilities to banks 5,461.4 305.2 58.0 3.1 -224.5 2.4 5,605.6 Financial liabilities leasing 653.4 -13.4 158.5 5.3 -96.8 -0.1 706.9 Other financial liabilities 18,202.0 4,274.9 0.0 0.9 -376.8 -26.2 22,074.8 Total non-current financial liabilities 31,202.5 4,566.7 216.5 13.1 -2,223.8 -23.9 33,751.1 Current financial liabilities Bonds 998.9 -1,000.0 0.0 0.0 1,528.8 0.0 1,527.7 Liabilities to banks 553.9 -548.9 0.0 0.0 219.1 -0.4 223.7 Financial liabilities leasing 134.2 -179.2 17.8 0.0 157.7 38.9 169.4 Other financial liabilities 635.1 -588.9 0.6 -0.7 436.6 -33.3 449.5 Total excluding financial liabilities that are part of cash and cash equivalents 2,322.2 -2,316.9 18.4 -0.7 2,342.2 36.0 2,370.4 *) Adjusted comparative amounts. The EUR 58.0 million shown in the column “Changes resulting from the acquisition of business units or other operating units” for 2024 consists of financial liabilities incurred related to the acquisition of all shares in the two subsidiaries “ÖBB Am Hauptbahnhof 2 Beteiligungs GmbH” and “Am Hauptbahnhof 2 Projektentwicklung GmbH & Co KG.” No federal grants (py: EUR 93.0million) were repaid to the federal government in the 2025 financial year; these grants are included in the consolidated statement of cash flows under “+ Increase / – Decrease in trade payables and other liabilities and accruals.”