Annual Report 2025 – ÖBB-Infrastruktur AG

ÖBB-Infrastruktur Aktiengesellschaft Consolidated Management Report | Consolidated Financial Statements 226 Forward exchange contracts entered into during the 2024 financial year to hedge the outstanding residual positions of the unwound CBL transactions have a fair value of approximately EUR 0.2 million (previous year: approximately EUR 0.3 million). 29.7. Fair value hierarchy The following table shows how the fair values of those assets and liabilities recognised at fair value were determined, with a classification in a three-level hierarchy reflecting the market proximity of the data used in the calculation. 31.12.2025 in EUR million Level 1 Level 2 Level 3 Total Derivatives designated as hedge instrument 0.0 3.9 0.0 3.9 Derivatives not designated as hedge instrument 0.2 6.0 0.0 6.2 Equity instruments 0.0 0.0 1.0 1.0 Financial assets 0.2 9.9 1.0 11.1 Derivatives designated as hedge instrument 0.3 3.8 0.0 4.1 Derivatives not designated as hedge instrument 0.1 4.8 0.0 4.9 Financial liabilities 0.4 8.6 0.0 9.0 31.12.2024 in EUR million Level 1 Level 2 Level 3 Total Derivatives designated as hedge instrument 1.4 9.2 0.0 10.6 Derivatives not designated as hedge instrument 0.6 7.0 0.0 7.6 Equity instruments 0.0 0.0 1.1 1.1 Financial assets 2.0 16.2 1.1 19.3 Derivatives designated as hedge instrument 0.0 20.4 0.0 20.4 Derivatives not designated as hedge instrument 0.3 15.3 0.0 15.6 Financial liabilities 0.3 35.7 0.0 36.0 The various levels were determined as follows: Level 1: Listed prices (unadjusted) are available on an active market for identical financial instruments. Level 2: Parameters other than those in Level 1 that are observable for the financial instrument (either directly, i.e. as prices, or indirectly, i.e. derived from prices) have been used. Discounted cash flow models based on observable market parameters (e.g. market interest rates etc.) were used for the valuation. Forwards in the electricity segment are adjusted to market prices (EEX) to account for credit risks and interest rate components. Level 3: Parameters that are not based exclusively on observable market data were used. There were no transfers between the individual levels. Please see Not e29.1. for more detailed information about these financial instruments. 30. Leasing transactions 30.1. Lessor ÖBB-Infrastruktur AG is the owner of the rail infrastructure and the vast majority of the real estate in the ÖBB Group. Assets leased to third parties comprise investment property (IAS40) and buildings that are partially leased, but not predominantly, and therefore do not fall under IAS40 or cannot be reported separately. The vast majority of leases are terminable. The infrastructure made available to Rail Cargo AustriaAG, ÖBB-Personenverkehr AG and other railway operators for use in return for payment is charged on the basis of a current price list depending on usage (kilometres travelled or gross tonnes transported), which is why this is not a lease but a service relationship. In both reporting years, there were approximately 27,000 (previous year: approximately 27,000) rental agreements, most of which are open-ended and can be terminated with a maximum notice period of six months. Of these, approximately 4,000 (previous year: approximately 4,000) are external fixed-term rental agreements that end between 2025 and 2112 (previous year: 2024 and 2112), and within the ÖBB Group 132 (previous year: 61) contracts, which end between 2025 and 2114 (previous year: 2024 and 2114), whereby the long-term contracts relate to granted building rights on land,