Annual Report 2025 – ÖBB-Infrastruktur AG

ÖBB-Infrastruktur Aktiengesellschaft Consolidated Management Report | Consolidated Financial Statements 222 Power derivatives purchases Number of derivatives Nominal volume Average exercise price Fair value without hedge relation as of 31.12.2025 Purchases MWh in EUR million in EUR in EUR million Portfolio 167 1,064,416 101.1 -1.2 thereof maturating 2026 159 1,020,616 96.9 94.9 -1.6 thereof maturating 2027 8 43,800 4.2 95.4 0.4 Power derivatives purchases Number of derivatives Nominal volume Average exercise price Fair value without hedge relation as of 31.12.2024 Purchases MWh in EUR million in EUR in EUR million Portfolio 125 987,376 106.8 -5.6 thereof maturating 2025 116 926,056 100.1 108.1 -4.4 thereof maturating 2026 8 52,560 6.0 114.9 -1.3 thereof maturating 2027 1 8,760 0.6 67.2 0.1 Power derivatives sales Number of derivatives Nominal volume Average exercise price Fair value without hedge relation as of 31.12.2025 Sales MWh in EUR million in EUR in EUR million Portfolio 47 865,568 74.9 2.3 thereof maturating 2026 45 821,768 71.3 91.2 2.3 thereof maturating 2027 2 43,800 3.6 82.3 0.0 Power derivatives sales Number of derivatives Nominal volume Average exercise price Fair value without hedge relation as of 31.12.2024 Sales MWh in EUR million in EUR in EUR million Portfolio 65 902,425 84.5 -2.0 thereof maturating 2025 59 841,105 79.4 94.5 -1.7 thereof maturating 2026 5 52,560 4.5 84.9 -0.2 thereof maturating 2027 1 8,760 0.6 67.2 -0.1 Derivatives with a positive fair value are reported in current financial assets (Not e18). Derivatives with a negative fair value are reported in financial liabilities (Not e25) . Changes in the fair value of power derivatives without a hedging relationship are recognised in the statement of profit or loss in other financial result. 29.4.3. Sensitivities of equity derivatives A 10% increase or decrease in the price of electricity, assuming no change in the assessment of credit risk and the interest component, would result in an increase or decrease in other comprehensive income of approximately EUR 0.02 million (previous year: approximately EUR 1.0 million) and an increase or decrease in financial income recognised in profit or loss of approximately EUR 0.1 million (previous year: approximately EUR 0.8 million). These amounts are prior to the consideration of income taxes. 29.5. Additional disclosures in accordance with IFRS 7 Capital management The financial management of the ÖBB-Infrastruktur Group aims to maintain an excellent credit rating. The specific situation and the legally defined task of the company, as well as the agreements with the public sector to subsidise infrastructure expenses (both construction and operation and maintenance), which are not covered by the company’s earning power, mean that the capital structure is managed primarily with key figures that measure debt and on the basis following key figures, which are compared with the respective planned values. In principle, financing requirements are determined in the annual planning process, taking into account repayments during the next few years, planned investments, subsidies provided by the Federal Government and operating cash flow. The resulting financing requirements are covered in the short term by credit lines or the Group’s internal cash pool and in the long term by external financing. The company defines equity as share capital, reserves and profit generated. Managed equity amounts to approximately EUR 1,472.8 million (previous year: approximately EUR 1,434.9 million) as of 31.12.2025.