Annual Report 2025 – ÖBB-Infrastruktur AG

ÖBB-Infrastruktur Aktiengesellschaft Consolidated Management Report | Consolidated Financial Statements 223 Additional information about financial instruments Cash and cash equivalents, trade receivables and other financial receivables generally have short remaining maturities. Accordingly, their carrying amounts as of the closing date approximate the fair value. The fair values of other non-current receivables correspond to the present values of the payments associated with the assets, taking into account the current interest rate parameters. The carrying amounts of trade payables and the other financial liabilities approximate the fair values. Non-current other receivables and assets or non-current other liabilities and debts are essentially non-financial instruments. The fair values of liabilities to banks and other financial liabilities are determined as the present values of the payments associated with the liabilities, based on the applicable interest rate curve. The non-financial instruments and the financial instruments from hedge accounting are presented in a separate column in the reconciliation below in order to enable reconciliation with the carrying amount of the item. The fair values stated for the respective statement of financial position items in the following tables relate only to the financial instruments. All financial assets and liabilities are measured consistently according to Level 2, with the exception of the item cash and cash equivalents and the issued bonds with an ISIN number, which are reported under financial liabilities. Level 2 measurements are based on input parameters – other than the quoted prices included at Level 1 – that are either directly or indirectly observable on the market for the asset or liability. Non-current financial instruments are valued on the basis of discounted cash flows. The disclosed fair values of the issued bonds with an ISIN, amounting to approximately EUR 5,403.3 million (previous year: approximately EUR 7,009.8 million), are determined using quoted market prices. Of which, unadjusted quoted prices are available for approximately EUR 5,218.5 million (previous year: approximately EUR 6,851.5 million) (Level 1 measurement). The present values were calculated for approximately EUR 150.9 (previous year: approximately EUR 158.3 million) because a market quotation was not available. Level 1 measurements are those resulting from quoted prices (unadjusted) in active markets for identical financial assets or liabilities. The source for the quotations is Bloomberg. The bonds were issued through the stock exchanges in Luxembourg and Vienna. The fair value of the bonds with CUSIP numbers issued for the first time in 2015 is approximately EUR 34.0 million (previous year: approximately EUR 64.3 million). These were determined using a measurement model based on market parameters in accordance with level 2. Financial assets as of 31.12.2025 in EUR million Carrying amount Less non- financial instruments Financial instru- ments FVtPL equity instruments Mandatory at FVtPL At amortised cost Cash Hedge accounting Leas- ing Fair value Non-current assets Financial assets 99.2 0.0 99.2 1.0 0.0 1.2 0.0 2.3 94.8 99.2 Other receivables and assets 79.0 57.4 21.6 0.0 0.0 21.6 0.0 0.0 0.0 21.6 Current assets Financial assets 68.2 0.0 68.2 0.0 6.2 55.5 0.0 1.6 4.9 69.4 Trade receivables 231.7 25.8 205.9 0.0 0.0 205.9 0.0 0.0 0.0 205.9 Other receivables and assets 511.0 452.9 58.1 0.0 0.0 58.1 0.0 0.0 0.0 58.1 Cash and cash equivalents 30.2 0.0 30.2 0.0 0.0 0.0 30.2 0.0 0.0 30.2 Total carrying amount per category 1.0 6.2 342.3 30.2 3.9 99.7 Financial liabilities as of 31.12.2025 in EUR million Carrying amount Less non- financial instruments Financial instru- ments At amortised cost At fair value through profit and loss (held for trading) Hedge accounting Leasing Fair value *) Non-current liabilities Financial liabilities 31,342.4 0.0 31,342.4 31,132.9 0.0 0.4 209.1 28,323.1 Other liabilities 171.4 171.4 0.0 0.0 0.0 0.0 0.0 0.0 Current liabilities Financial liabilities 2,625.3 0.0 2,625.3 2,596.8 4.9 3.7 19.8 3,005.6 Trade payables 1,117.0 3.1 1,113.9 1,113.9 0.0 0.0 0.0 284.7 Other liabilities 328.4 308.6 19.8 19.8 0.0 0.0 0.0 19.8 Total carrying amount per category 34,863.4 4.9 4.1 228.9 *) The fair values stated for financial liabilities exclude any values for leasing liabilities.