Annual Report 2025 – ÖBB-Infrastruktur AG

ÖBB-Infrastruktur Aktiengesellschaft Consolidated Management Report | Consolidated Financial Statements 190 2025 2024 in EUR million in EUR million Income before income tax according to IFRS 15.1 12.6 Adjustment of tax-exempt portion pursuant to Section 50 (2) Austrian Federal Railways Act (Bundesbahngesetz) 58.9 92.8 IFRS annual result – taxable portion 74.0 105.4 Group tax rate 23.0% 23.0% Expected expense (-) or benefit (+) from taxes in the financial year -17.0 -24.2 Investment income 0.4 0.7 Recognition of previously unrecognised tax losses 18.3 40.4 Other additions 4.5 4.3 Income taxes 6.2 21.2 Effective corporate tax rate -8.4% -20.1% The effective corporate income tax rate of -8.4% (previous year: -20.1%) which differs significantly from the statutory corporate income tax rate of 23%, is mainly due to adjustments to the recognition of deferred taxes from loss carryforwards. Deferred tax assets on loss carryforwards of approximately EUR 18.3 million were recognised from previously unrecognised tax losses. Other additions include other consolidation adjustments. The deferred taxes are allocated to the following items in the statement of financial position, losses carried forward and tax credits: Deferred tax Deferred tax assets Liabilities assets Liabilities in EUR million 31.12.2025 31.12.2025 31.12.2024 31.12.2024 Assets Property, plant and equipment 2.1 -3.3 2.2 -3.7 Investment property 7.9 0.0 8.7 -0.5 Financial assets 0.0 -2.5 0.0 -4.3 Inventories 5.4 0.0 5.4 0.0 15.4 -5.8 16.3 -8.5 Liabilities Provisions 0.0 -0.1 0.4 -0.4 Other financial liabilities 5.6 0.0 12.1 0.0 5.6 -0.1 12.5 -0.4 Tax loss carried forward 58.7 0.0 50.7 0.0 Deferred tax assets or deferred tax liabilities 79.7 -5.9 79.6 -8.9 Offsetting -5.9 5.9 -8.9 8.9 Net deferred tax assets or deferred tax liabilities 73.8 0.0 70.7 0.0 When assessing the recoverability of deferred tax assets, the Management Board makes an estimate regarding the expected use within the tax planning period of five years. The use of deferred tax assets requires sufficient taxable income during the periods in which the temporary differences or tax losses can be utilised. The Board of Management uses the scheduled reversal of deferred tax assets and the projected taxable income for this assessment.