Annual Report 2025 – ÖBB-Infrastruktur AG

Contents Group Management Report ........................................... 2 A. Report on the business performance and economic situation .2 B. Report on the company’s prospective development and risks . ...................................................... 19 C. Report on research and development ................................. 27 D. Reporting on key features of the internal control and risk management system in respect of the accounting process .................................................. 27 E. Non-financial statement...................................................... 28 Sustainability Report Glossary ............................................................................... 157 Declaration in accordance with Section 124 (1) BörseG ........ 158 Consolidated financial statements .......................... 159 Consolidated statement of profit or loss 2025 ...................... 159 Consolidated statement of comprehensive income 2025 ....... 160 Consolidated statement of financial position as of 31.12.2025 . ................................................................ 161 Consolidated statement of cash flow .................................... 162 Statement of changes in shareholders’ equity 2025 .............. 163 Notes to the consolidated financial statements as of 31.12.2025 . ................................................................ 164 A. Basic principles and accounting methods . ........................ 164 B. Notes on the consolidated statement of financial position and the consolidated statement of profit or loss................ 185 C. Other notes to the consolidated financial statements ........ 213 Statement  . ...................................................................... 241 Report on the consolidated financial statements ................... 241 Report on the independent audit of the non-financial statements 2025 ................................... 247