ÖBB Annual Report 2025

49 Group Management Report MR6 | Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 6 Impacts of budget consolidation on ÖBB ÖBB, as one of the large state-owned companies, received a savings target from its owner in May 2025 as part of the Austrian federal government’s budget consolidation. In particular, this intended to secure savings in the framework plan. According to the 2025 to 2030 framework plan, overall capital expenditure was reduced by EUR 300.0 million to EUR 500.0 million per year. However, at EUR 3.2 billion per year, it remains at a high level compared to the record figure in 2024. This savings target was formulated at the same time as a clear commitment to infrastructure expansion. Consistent investment in rail maintenance will be maintained to ensure the high quality of the rail infrastructure in Austria. Not least because investments in railway infrastructure encourage the necessary shift from road to rail and, above all, ÖBB makes an important contribution to domestic value creation and thus provides indispensable economic stimulus. Market environment Due to the increasingly competitive environment, especially in freight transport, ÖBB launched an internal efficiency program in mid-2025. It aims to reduce controllable planned costs across the Group by 10% and to position the Group competitively for the future. In line with the different market dynamics and challenges of the sub-groups, the program comprises tailored programs at sub-group level, which are combined under the umbrella of ÖBB-Holding AG. In total, EUR 300.0 million will be saved annually across the Group, for example through synergies in the cross-divisional areas, the reduction of administrative costs and material expenses, and process optimization and productivity increases. Passenger transport ESRS 2.SBM-1.40.a, f. Following the upheavals of the coronavirus pandemic in recent years and moderate growth in 2024, 2025 was another year of low momentum. According to initial estimates, rail passenger traffic stagnated, while motorized private transport increased slightly. After a year of stagnation, this led to a slight decline in the rail modal share for the first time since 2020. Development of passenger transportation performance on the rail and roads in Austria Rail passenger transport and private vehicles Rail mode share (pkm, change in % compared to prior year) (% of motorized land transport in pkm) *preliminary estimates. Sources: European Commission, Statistik Austria, UIC, ÖBB, ASFINAG, own sources and calculations. The reasons for the moderate development of rail passenger transport are multifactorial. Due to the Tauern closure and the renewed closure of the new Western line, the use of two main Austrian rail routes was temporarily restricted. There were also further disruptions in the area around the German Corner route. As in 2024, part of the Vienna main line was also closed in summer 2025. 13 13 Der Standard, OneMobility. ÖBB-Holdi g/Konz rnstra egie, Unternehmensentwicklung und -organisation TLP grün (ÖBB-Konzern intern) 5/20/26 Rail passenger transport and private vehicles [Change in %] 2021 2022 2023 2024* 2025* Since 2019 13.7% 7.5% 54.1% 7.0% 12.2% 2.5% 2.9% 1.2% 0.2% 1.4% 12.5% -0.2% Railroad Private vehicles 8% 9% 10% 11% 12% 13% 14% 2015 2020 2025* Mode share [in % of pkm]