Annual Report 2025 – ÖBB-Infrastruktur AG

ÖBB-Infrastruktur Aktiengesellschaft Consolidated Management Report | Consolidated Financial Statements 217 See Note20 with regard to the due date of the receivables. In the 2025 financial year, the collateral securing trade receivables consisted of a letter of comfort, whereas in the 2024 financial year it consisted of escrow funds relating to properties held for sale. 29.2.d. Liquidity risk The ÖBB-Infrastruktur Group’s overriding objective in financial terms is to ensure the necessary liquidity headroom for all companies in the ÖBB-Infrastruktur Group. Liquidity risk for the ÖBB-Infrastruktur Group also means any restriction on its ability to borrow and raise capital (for example, due to a lower credit rating from a rating agency or due to an internal bank rating) in terms of volume and conditions for the provision of financial resources, which could impair the implementation of the corporate strategy or the financial latitude for action. Therefore, the task consists of analysing the liquidity risk and consistently securing liquidity (largely by liquidity planning, agreement of sufficient credit lines, and sufficient diversification of creditors). The following tables show the contractually agreed (undiscounted) interest and repayments on original and derivative financial liabilities. The actual expected maturities do not vary from the contractually agreed maturities. Reconciliation of carrying amounts with original and financial liabilities as of 31.12.2025 in EUR million Carrying amount of current liabilities Carrying amount of non-current liabilities Total Less non- financial instruments Financial instruments Original financial instruments Derivative financial liabilities Bonds 1,034.0 4,326.5 5,360.5 0.0 5,360.5 5,360.5 0.0 Liabilities to banks 149.4 3,635.2 3,784.6 0.0 3,784.6 3,784.6 0.0 Financial lease and CBL liabilities 19.8 209.1 228.9 0.0 228.9 228.9 0.0 Other financial liabilities 1,422.1 23,171.7 24,593.8 0.0 24,593.8 24,584.7 9.0 Trade payables 1,117.0 0.0 1,117.0 3.1 1,113.9 1,113.9 0.0 Other liabilities 328.4 171.4 499.8 480.0 19.8 19.8 0.0 4,070.7 31,513.9 35,584.6 483.1 35,101.5 35,092.3 9.0 Reconciliation of carrying amounts with original and financial liabilities as of 31.12.2024 in EUR million Carrying amount of current liabilities Carrying amount of non-current liabilities Total Less non- financial instruments Financial instruments Original financial liabilities Derivative financial liabilities Bonds 1,527.7 5,363.8 6,891.5 0.0 6,891.5 6,891.5 0.0 Liabilities to banks 9.0 3,783.7 3,792.7 0.0 3,792.7 3,792.7 0.0 Financial lease and CBL liabilities 15.2 220.8 236.0 0.0 236.0 236.0 0.0 Other financial liabilities 413.8 20,123.9 20,537.7 0.0 20,537.7 20,501.8 36.0 Trade payables 1,272.9 0.0 1,272.9 10.8 1,262.1 1,262.1 0.0 Other liabilities 512.3 26.3 538.6 471.6 67.0 67.0 0.0 3,750.9 29,518.5 33,269.4 482.4 32,787.0 32,751.1 36.0