Annual Report 2025 – ÖBB-Infrastruktur AG

ÖBB-Infrastruktur Aktiengesellschaft Consolidated Management Report | Consolidated Financial Statements 189 The other financial expenses include the recharging of income from residual items from former cross-border leasing transactions. 13. Income taxes Tax expense/tax income The item “Income taxes” comprises the following: 2025 2024 in EUR million in EUR million Expense/benefit from tax collection (Group taxation) -1.0 -0.6 Deferred tax expense/benefit 7.1 21.8 thereof from tax rate adjustments 0.0 0.0 Income taxes 6.2 21.2 Current taxes are calculated at 23% of the estimated taxable profit for the financial year for 2025 and 2024. The currently valid tax rate of 23% was used to measure the recognised deferred tax assets and deferred tax liabilities. The regulations on global minimum taxation have already been transposed into local law in Austria where the ÖBB-Infrastruktur Group currently operates and are applicable for financial years beginning on or after 31.12.2023. The ÖBB-Infrastruktur Group continually analyses the effects of the Pillar II legislation on the Group’s future profitability. The analysis did not result in any material amounts of minimum taxes (top-up tax). The deferred taxes developed as follows: 2025 2024 in EUR million in EUR million Deferred tax assets 70.7 59.0 Recognised amounts as of 01.01. 70.7 59.0 Change in deferred taxes recognised in other comprehensive income -4.0 -10.1 recognised in profit or loss 7.1 21.8 Recognised amounts as of 31.12. 73.8 70.7 thereof deferred tax assets 73.8 70.7 thereof deferred tax liabilities 0.0 0.0 Deferred taxes recognised in other comprehensive income result from differences between IFRS carrying amounts and related tax bases from electricity derivatives. In view of the underlying valuation differences between the carrying amounts recognised in the IFRS consolidated financial statements and the relevant tax bases, deferred taxes amounting to approximately EUR 55.6 million (previous year: approximately EUR 57.8 million) are considered non-current. The current deferred tax assets primarily relate to tax loss carryforwards amounting to approximately EUR 17.4 million (previous year: approximately EUR 6.9 million), which are expected to be utilised during the 2026 financial year. The remaining deferred tax liabilities amount to approximately EUR 0.8 million (previous year: approximately EUR 5.9 million) and relate to non-current assets, inventories and electricity derivatives. The following table shows the main reasons for the difference between the income taxes recognised in the statement of profit or loss and the income taxes that would result from applying the statutory tax rate of 23% to the taxable net profit for the year.