ÖBB Annual Report 2025

Group Management Report 62 Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 19 The total assets of the ÖBB Infrastruktur sub-group increased as of December 31, 2025 by 6% to EUR 37,483.8 million (py: EUR 35,230.7million). The PP&E ratio was 91% (py: 92%). As of the reporting date, the PP&E-to-net-worth ratio was unchanged year-on- year, at 4%. Taking non-current liabilities into account, the PP&E-to-net-worth ratio II is 97% (py: 96%). Working capital amounted to EUR -825.8million (py: EUR -980.2million). The increase in equity, by EUR 37.8million to EUR 1,473.6million (py: EUR1,435.8million), produced an equity ratio as of December 31 of 4%. The liabilities of the ÖBB Infrastruktur sub-group increased in the reporting year by a total of 7% to EUR 35,584.5 million (py: EUR 33,269.4 million ). With financial liabilities increasing by 8% to EUR 33,967.7 million (py: EUR 31,458.0 million), this category accounted for 95% of all liabilities, unchanged from the prior year. Investments Capital expenditure of the ÖBB Group Overview 2025 2024 Change Change in % Capital expenditure in EUR million 5,015.1 *) 5,421.1 **) -406.0 -7% Capital expenditure ratio of total income in % 47% 56% -9% -16% PP&E-to-total-assets ratio in % 11% 14% -3% -21% *) Less accumulated depreciation and amortization of additions to the basis of consolidation in the amount of EUR 3.1 million. **) Less accumulated depreciation and amortization of additions to the basis of consolidation in the amount of EUR 50.5 million. In the reporting year, the ÖBB Group made investments in property, plant and equipment, intangible assets and investment property (IAS 40) with a total volume of EUR 5,015.1 million (py: EUR5,421.1 million ). Capital expenditures are defined as additions to fixed assets at acquisition cost. This value was calculated taking into account capital expenditures in the context of business acquisitions and corresponds to a PP&E investment ratio of 47% (py: 56%) of total income or 11% (py: 14%) of carrying amounts on January 1. The calculation is made from gross investments before deduction of investment grants. Capital expenditure of the ÖBB Personenverkehr sub-group Overview 2025 2024 Change Change in % Capital expenditure in EUR million 869.5 1,284.1 *) -414.6 -32% Capital expenditure ratio of total income in % 20% 31% -11% -35% PP&E-to-total-assets ratio in % 16% 27% -11% -41% *) Less accumulated depreciation and amortization of additions to the basis of consolidation in the amount of EUR 9.8 million. In the reporting year, investments in intangible assets and property, plant and equipment amounting to EUR 869.5 million (py: EUR1284.1 million) were made in the ÖBB Personenverkehr sub-group. This corresponds to a capital expenditure ratio of 20% (py: 31%) of total income or 16% (py: 27%) of total income as measured by the carrying amounts as of January 1. Investments Amount in EUR million Short-distance traffic investments 137.1 Long-distance traffic investments 531.6 Workshop service 175.2 Other investments 13.0 Property, plant and equipment 856.9 Intangible assets 12.6 Total capital expenditure 869.5 | MR19