Annual Report 2025 – ÖBB-Infrastruktur AG

ÖBB-Infrastruktur Aktiengesellschaft Consolidated Management Report | Consolidated Financial Statements 236 the Graz-Köflacher Bahn and Betriebs GmbH infrastructure division by the Federal Government is made up of the acquisition of assets totalling approximately EUR 54.4 million, cash and cash equivalents of around EUR 0.1 million and liabilities of approximately EUR 51.8 million. The expenditures for property, plant and equipment and intangible assets in 2024 include the payments for the acquisition of all shares in the two companies ÖBB Am Hauptbahnhof 2 Beteiligungs GmbH and Am Hauptbahnhof 2 Projektentwicklung GmbH & Co KG in the amount of approximately EUR 123.7 million as this is not a business combination in accordance with IFRS 3 (see Note 2). The table presents information about changes in financial liabilities, whose incoming and outgoing payments are shown in the cash flow statement under cash flow from financing activities. The cash-based changes do not include dividend payments to non-controlling interests. in EUR million As of 31.12.2024 Changes with an effect of cash flow Changes in exchange rates Other changes in liabilities Changes with no impact on profit As of 31.12.2025 Non-current financial liabilities Bonds 5,363.8 0.0 -1.8 -1,035.5 0.0 4,326.5 Liabilities to banks 3,783.7 0.0 0.0 -148.5 0.0 3,635.2 Financial liabilities leasing 222.6 0.0 0.0 -13.5 0.0 209.1 Other financial liabilities 20,122.1 3,454.7 0.0 -404.0 -1.1 23,171.7 Total non-current liabilities 29,492.2 3,454.7 -1.8 -1,601.5 -1.1 31,342.4 Current financial liabilities Bonds 1,527.7 -1,500.0 -3.9 1,010.2 0.0 1,034.0 Liabilities to banks 9.0 -9.4 0.0 149.8 0.0 149.4 Financial liabilities leasing 15.2 -16.5 0.0 21.1 0.0 19.8 Other financial liabilities 341.5 51.2 -2.1 486.0 -14.8 861.8 Total excluding financial liabilities, which are part of cash and cash equivalents 1,893.4 -1,474.7 -6.0 1,667.1 -14.8 2,065.0 in EUR million As of 31.12.2023 Changes with an effect of cash flow Changes from the acquisition of infrastructure divisions or other business units Changes in exchange rates Other changes in liabilities Changes with no impact on profit As of 31.12.2024 Non-current financial liabilities Bonds 6,885.7 0.0 0.0 3.8 -1,525.7 0.0 5,363.8 Liabilities to banks 3,710.7 24.0 *) 58.0 0.0 -9.0 *) 0.0 3,783.7 Financial liabilities leasing 224.1 0.0 0.0 0.0 -1.5 0.0 222.6 Other financial liabilities 16,219.9 3,944.9 *) 0.0 0.9 * ) -18.5 *) -25.1 * ) 20,122.1 Total non-current liabilities 27,040.4 3,968.9 *) 58.0 4.7 * ) -1,554.7 *) -25.1 29,492.2 Current financial liabilities Bonds 998.9 -1,000.0 0.0 0.0 1,528.8 0.0 1,527.7 Liabilities to banks 208.8 -209.0 *) 0.0 0.0 9.2 0.0 9.0 Financial liabilities leasing 16.0 -16.3 *) 0.0 0.0 15.5 *) 0.0 15.2 Other financial liabilities 595.2 -295.0 *) 0.6 0.4 * ) 70.9 *) -30.6 *) 341.5 Total excluding financial liabilities, which are part of cash and cash equivalents 1,818.9 -1,520.3 *) 0.6 0.4 * ) 1,624.4 *) -30.6 *) 1,893.4 *) Adjusted comparative values. The figure of approximately EUR 58.0 million shown in the column “Changes arising from the acquisition of parts of businesses or other business units” for 2024 pertains to financial liabilities incurred in connection with the acquisition of