Annual Report 2025 – ÖBB-Infrastruktur AG

ÖBB-Infrastruktur Aktiengesellschaft Consolidated Management Report | Consolidated Financial Statements 198 17. Investments accounted by equity method Investments accounted for using the equity method in both reporting years include shares in a joint venture and in 2 (previous year: 2) associated companies. Ownership share in % Joint venture name and registered office 31.12.2025 31.12.2024 Galleria di Base del Brennero – Brenner Basistunnel BBT SE, I-39100 Bozen 50.0 50.0 Ownership share in % Associated company name and registered office 31.12.2025 31.12.2024 LCA Logistik Center Austria Süd GmbH, A-9586 Fürnitz 50.0 50.0 Weichenwerk Wörth GmbH, A-3151 St. Georgen am Steinfeld 43.1 43.1 The following tables contain a summary of the financial information for the companies recognised using the equity method in which ÖBB-Infrastruktur AG has an interest on the reporting date. The table also shows a reconciliation of the summarised financial information to the carrying amount of the Group’s share. The figures for Galleria di Base del Brennero - Brenner Basistunnel BBT SE are provisional and have been adjusted in line with the Group’s accounting policies. Following the completion of the financial statements 2024 of Galleria di Base del Brennero, there were no significant deviations from the provisional figures. Galleria di Base del Brennero – Brenner Basistunnel BBT SE Other associated companies in total in EUR million 31.12.2025 31.12.2024 31.12.2025 31.12.2024 Sales revenue 0.0 0.0 92.7 98.0 Scheduled depreciation -0.8 -0.7 -1.8 -1.7 Interest income 2.6 4.3 0.0 0.0 Interest expenses -0.0 *) -0.0 *) -0.3 -0.5 Tax expense 0.0 *) 0.0 *) -2.0 -1.4 Annual profit from continuing operations 0.0 0.0 5.8 4.2 Overall result 0.0 0.0 5.8 4.2 Cash and cash equivalents 425.2 20.2 0.2 0.1 Other current assets 96.7 67.3 25.1 25.8 Non-current assets 25.7 286.5 17.8 27.5 Current liabilities 464.4 291.0 30.7 26.1 Non-current liabilities 2.1 1.9 0.5 6.0 Net assets 100% 81.1 81.1 12.0 21.3 Interest of the Group in the net assets as of 01.01. 40.6 40.6 9.1 8.7 Overall result attributable to the Group 0.0 0.0 2.5 1.8 Capital increases 0.0 0.0 0.3 0.0 Dividends received from associated companies 0.0 0.0 -2.5 -1.5 Carrying amount of the interest as of 31.12. 40.6 40.6 9.4 9.1 *) Smallest amount. The Galleria di Base del Brennero – Brenner Basistunnel BBT SE (hereinafter BBT SE) is the only Group joint agreement. BBT SE is an independent legal entity. The Group has a residual interest in the net assets, accordingly the Group has classified its interest as a joint venture. The purpose and task of BBT SE is the planning and construction of the Brenner Base Tunnel. The overall project comprises the construction of the railway tunnel between Tulfes/Innsbruck and Franzensfeste with the main, exploratory and access tunnels, multi-function stations, technical facilities, the operations control centre, the necessary landfill sites and the bridges and sites required to carry out the construction work, as well as taking the tunnel into operation. The provisions of the contractual agreement of 30.04.2004 specify that the share capital of BBT SE is divided 50% between Italy and Austria respectively. The 50% of the Austrian share is wholly owned by the ÖBB-Infrastruktur AG. The 50% of the Italian part is wholly owned by TFB Societá di Partecipazioni S.p.A. ÖBB-Infrastruktur AG has undertaken to finance 50% of the construction of the Brenner Base Tunnel and will receive a 100% federal investment grant in the form of a 50-year annuity as an investment grant. In accordance with agreements between Italy and Austria, the two countries have agreed to provide additional contributions in proportion to their shares to compensate for any losses if necessary.