Annual Report 2025 – ÖBB-Infrastruktur AG

ÖBB-Infrastruktur Aktiengesellschaft Consolidated Management Report | Consolidated Financial Statements 209 Upon retirement, eligible employees receive a severance payment which, depending on their length of service, is a multiple of their monthly remuneration of up to twelve months’ remuneration at most. Upon termination of the employment relationship, three months’ remuneration at most is paid out immediately and any additional amounts are spread over a maximum period of ten months. In the event of death, the heirs of the entitled employees are entitled to 50% of the severance pay. The following table shows the components of net severance expenses for the period and the development of the provisions for severance pay in the two reporting years: 2025 2024 in EUR million in EUR million Defined benefit commitments as of 01.01. 37.7 38.0 Service cost 1.4 1.5 Interest cost 1.3 1.4 Subtotal recorded in the net income 2.7 2.9 Actuarial losses (+) / gains (-) from changes in financial assumptions -3.5 -2.7 Experience-led adjustments -0.3 -0.6 Recognised in other comprehensive income -3.8 -3.3 Severance payments -1.9 -0.7 Company sales and acquisitions, as well as transfers in the ÖBB Group 0.0 0.8 Defined benefit commitments as of 31.12. 34.7 37.7 Provisions for severance payments of approximately EUR 1.5 million are payable in 2026, approximately EUR 4.6 million in 2027 to 2030 and approximately EUR 28.6 million after 2030. The average term (duration) is 12.3 (previous year: 13.0) years. The following sensitivity analysis for severance obligations shows the effect of changes in significant actuarial assumptions on the obligations. In each case, one significant factor was changed while the other factors were kept constant. In reality, however, it is rather unlikely that these influencing factors would not correlate. The determination of the obligation using the changed parameters is carried out in the same way as the determination of the actual obligation using the projected unit credit method (PUC method) in accordance with IAS19. A change in the actuarial parameters would have the following effects: Sensitivity analysis of the provision for severance payments Change in assumption Increase of the parameter/ change DBO Decrease of the parameter/ change DBO in % points 2025 in EUR million 2024 in EUR million 2025 in EUR million 2024 in EUR million Interest rate +/-0.2 -0.8 -0.9 0.9 1.0 Salary increase +/-0.2 0.9 1.0 -0.8 -0.9 Anniversary bonuses Employees with tenured positions and certain salaried employees are entitled to anniversary bonuses. In accordance with statutory and contractual provisions, those entitled receive two months’ salary after 25 years of service and four months’ salary after 40 years of service. Employees who have completed at least 35 years of service at the time of retirement are also paid an anniversary bonus of four months’ salary. The provision was calculated actuarially using the PUC method is prescribed for valuations according to IAS 19. The provisions for severance payments and anniversary bonuses are calculated in accordance with the biometric calculation principles of the Actuarial Association of Austria (AVÖ) 2018-P - mixed portfolio - calculation principles for pension insurance. The provision is accrued over the period of service, applying a deduction for fluctuation for employees who leave the company prematurely. Remeasurement gains (losses) on defined benefit plans are recognised in profit or loss in the period in which they occur.