Annual Report 2025 – ÖBB-Infrastruktur AG
ÖBB-Infrastruktur Aktiengesellschaft Consolidated Management Report | Consolidated Financial Statements 239 The following table shows the equity and net profit for the year of relevant subsidiaries that are not included in the consolidated financial statements and in which at least 20% of the shares are held. The information on equity and the annual result was taken from the annual financial statements in accordance with the respective national accounting law. Equity in EUR thousand Profit for the year in EUR thousand ÖBB-Infrastruktur Group 31.12.2025*) 31.12.2024 2025*) 2024 100% Austrian Rail Construction & Consulting GmbH 180 174 7 5 100% Austrian Rail Construction & Consulting GmbH & Co KG 209 217 -1 7 100% Netz- und Streckenentwicklung GmbH 84 88 -4 -3 100% ÖBB-Stiftungs Management Gesellschaft mbH 106 105 0 4 60% ÖBB-BE GmbH 31 29 2 -3 60% ÖBB-BE GmbH & Co KG 19 28 -9 -4 *) preliminary values. 36. Events after the reporting period With a final interest payment date of 15.01.2026, the OeBFA arranged a loan with a nominal value of approximately EUR 556.8 million, maturing in October 2053 and bearing interest (fixed) of 3.15%, effective 3.794%, and, with an effective date of 12.03.2026, a loan with a nominal value of approximately EUR 148.0 million, maturing in September 2032 and bearing interest (fixed) of 2.8%, effective 2.792%, and with interest accrued as of 12.03.2026; and a loan with a nominal value of approximately EUR 147.9 million, maturing in February 2036 and bearing interest (fixed) at 3.2%, effective 3.097%. In response to the hostilities in the Middle East, electricity and gas prices, as well as heating oil, petrol and diesel prices, have risen immediately. Electricity prices are currently falling again. According to the experts, security of supply is not at risk. The European Commission also does not currently see any impact on security of supply (according to Reuters). The Commission, in collaboration with the International Energy Agency, is setting up a task force to monitor the situation and identify possible measures. Even though, according to experts, Europe’s energy supply appears to be secure for 2026 and energy procurement is hedged through forward and futures contracts – meaning that any rise in electricity prices would not take effect until 2027 – rising energy prices and disrupted air and sea freight routes could lead to cost increases and delivery delays from our suppliers, thereby negatively impacting our results as early as 2026. It is currently impossible to predict what impact the conflict will have on international supply chains, financial markets, economic relations, consumer spending and inflation. The key factor here is how long the hostilities, the blockade of the Strait of Hormuz and the destruction of energy facilities will continue. It is not currently possible to make an estimate due to the many uncertainties. ÖBB-Infrastruktur AG is monitoring the situation closely and will take the necessary measures, where possible, should the situation escalate further. The Management Board of ÖBB-Infrastruktur AG approved the audited consolidated financial statements as of 31.12.2025 on 13.03.2026 for submission to the Supervisory Board. The Management Board proposes that the retained earnings of ÖBB-Infrastruktur AG, amounting to EUR 274,854,742.16, be carried forward to the next financial year. There are no other reportable events after the balance sheet date that have a material impact on the net assets, financial position and results of operations.
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