ÖBB Annual Report 2025

285 Consolidated Financial Statements Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 93 34. Group companies The business activities of the ÖBB Group are as follows: ÖBB Personenverkehr This sub-group comprises all the activities in the area of passenger transport and service. The business segments relate to long-distance railway transport, short-distance railway transport and bus transport, the travel agency activities of Rail Tours TouristikGmbH and the maintenance of rolling stock by the Technical Services Group. Rail Cargo Group In order for the Rail Cargo Austria Group to position itself based on the needs of customers and markets and also to be able to offer customized solutions in addition to binding performance commitments, business activities are classified into five railway services that complement each other and span multiple countries. – Freight forwarders: Rail Cargo Logistics (RCL) – rail freight forwarding with industry expertise – Operator: Rail Cargo Operator (RCO) – for high-frequency long haul shuttles (intermodal, conventional, mix) between economic regions – Carrier: Rail Cargo Carrier (RCC) – RO (railway operator = carrier service) for Group-owned traction stock (e.g., base load, single car transport) – Car: railcar rental company – Technical Services (TS) – Maintenance of rolling stock ÖBB Infrastructure The tasks of the ÖBB-Infrastruktur sub-group comprise: – Planning and construction of railway infrastructure including high-performance tracks, planning and construction of related projects and the provision of railway infrastructure including equipment and facilities – Provision, operation and maintenance of safe railway infrastructure corresponding to requirements (maintenance, inspection, repair, operational planning and shunting) The key activities of the ÖBB-Infrastruktur sub-group also comprise the purchase of power, power supply and power port- folio management as well as the rental, development and utilization of real estate. Holding / Other activities This segment comprises the various management, financing and service functions of ÖBB-HoldingAG; its other investments (e.g. ÖBB-Business Competence Center GmbH, ÖBB-FinanzierungsserviceGmbH, ÖBB-WerbungGmbH), and ÖBB- Produktion Gesellschaft mbH (provision of traction services). Significant changes to the schedule of investments The ARVERIO Group was consolidated for the first time as of February 1, 2024. Further information is provided in Note 2. Information on the status of subsidiaries, associates, investments, other shares and changes in the ÖBB Group in the 2025 financial year as of December 31, 2025 The following disposals are not shown in the overview: In May 2024, Rail Cargo Logistics – Southeast d.o.o. (Beograd, RS) was newly founded with a 51% stake. In addition, all shares were acquired in Captrain Netherlands B.V. (Rotterdam, NL) and the company was subsequently renamed Rail Cargo Carrier – Benelux B.V. The two affiliated companies were not fully consolidated in the consolidated financial statements upon acquisition in 2024 due to their minor significance. All shares in Am Hauptbahnhof 2 Projektentwicklung GmbH & Co KG (Vienna) and ÖBB Am Hauptbahnhof 2 Beteiligungs GmbH (Vienna) were acquired in the 2024 financial year. Additional acquisitions, start-ups and changes in the type of consolidation are indicated by parenthetical notes in the schedule of investments below. The effects of first-time consolidations and deconsolidations are of minor significance overall and can be seen in the section “Composition of and changes in the basis of consolidation” in Note 2.