Annual Report 2025 – ÖBB-Infrastruktur AG

ÖBB-Infrastruktur Aktiengesellschaft Consolidated Management Report | Consolidated Financial Statements 183 and lawsuits cannot be predicted with certainty. Consequently, as of 31.12.2025, the Board of Management is unable to determine the total amount of financial liabilities or claims, or their impact on the ÖBB-Infrastruktur Group financial position with ultimate certainty. These proceedings could have a material impact on the results when they are concluded. However, the Management Board is of the opinion that the effects of the final settlement of such cases will not significantly exceed the provisions created for them and will therefore have no significant impact on the consolidated financial statements. g) Information related to climate policy aspects and risks (climate change) The ÖBB-Infrastruktur Group understands sustainability in a holistic way and combines successful business management with ecological compatibility and social responsibility. This achieves a sustainable corporate orientation in line with the precautionary principle. On the basis of this holistic approach, both the opportunities and the risks posed by the company to the environment and also to the company itself in terms of sustainability issues are determined. Based on the annually updated climate risk and vulnerability analysis with regard to physical climate risks, which was carried out in the ÖBB-Infrastruktur Group for the first time in 2022 as part of the implementation of the EU Taxonomy Regulation, as well as a general opportunity and risk analysis, the following significant topics related to climate policy aspects and risks that have an impact on the ÖBB-Infrastruktur Group could be identified. – The risk of increased extreme weather events due to climate change (heavy rainfall, flooding, mudslides, storms and heatwaves etc.) has a negative impact on the business activities of the ÖBB-Infrastruktur Group. This was demonstrated once again by the floods in Vienna and Lower Austria in September 2024, which had a significant impact on ÖBB rail services up to and including December 2024, and with follow-up work continuing until June 2025. To counteract these effects on rail traffic, appropriate measures are being taken throughout the ÖBB Group, such as the introduction of suitable monitoring and early warning systems, as well as targeted research and development priorities to increase the resilience of facilities, systems, vehicles and processes. In 2025, efforts were stepped up to make the infrastructure more resilient and to further develop operational processes as a whole with a view to enhancing resilience. – However, climate change also offers an opportunity for the company in terms of growth in public transport and the expansion of rail services, which could lead to a possible increase in capacity utilisation and, therefore, in productivity, but also to an increase in revenues. Subsequently, however, this is also associated with necessary investments in the expansion of the capacity of the rail system. – Due to climate change and related developments, the ÖBB-Infrastruktur Group is directly and indirectly exposed to the risk of rising energy prices, both for renewable energy (due to scarcity in the market) and for fossil energy (due to the introduction of the CO 2 tax). In addition, changes to the regulatory framework – such as stricter requirements regarding the use of certain refrigerants – may result in additional costs, for example, due to the need to retrofit existing systems. In the course of the climate risk and vulnerability analysis, no significant long-term climate risks were identified for the company’s own generation of rail electricity, apart from the usual annual precipitation volatilities. Management has taken into account the identifiable and assessable effects of climate change in the course of preparing the consolidated financial statements. The climate risk and vulnerability analysis did not currently reveal any effects on the formation of provisions or indications of impairment of assets or necessary adjustments of useful lives. In the 2024 reporting year, there were disposals totalling approximately EUR 1.8 million and reductions in useful lives with an effect of approximately EUR 3.0 million in property, plant and equipment due to the flooding along the Western railway line in September. Furthermore, no aspects related to climate change were identified that would lead to an adjustment of the carrying amounts of assets and liabilities in the current consolidated financial statements. Further details on the climate resilience of the ÖBB-Infrastruktur Group and any adjustment measures of all fully consolidated subsidiaries can be found in the non-financial statement. This can be found in the consolidated management report of ÖBB-Infrastruktur AG.