Notes to the consolidated financial statements

Segment information

Jan 1 through Dec 31 or respectively as of Dec 31 / € millionDB Long-Distance DB RegionalDB CargoDB InfraGO 1) DB EnergySubsidiaries/Other 1)Consolidation 1)Integrated 
Rail System
Consolidation otherDB Group 
adjusted 
Reconciliation 2)DB Group
20252024202520242025202420252024 2025202420252024202520242025202420252024202520242025202420252024
External revenues5,9315,67410,83110,0964,6545,0583,1643,092 1,5161,49291481527,01026,22727,01026,227–25–2426,98526,203
Internal revenues1841731381823143445,4245,137 1,9281,9656,2406,176–14,208–13,9132064–20–64
Total revenues6,1155,84710,96910,2784,9685,4028,5888,229 3,4443,4577,1546,991–14,208–13,91327,03026,291–20–6427,01026,227–25–2426,98526,203
Other external income3982445306277695863,9953,539 49545705176,3115,56716,3115,5681521966,4635,764
Other internal income271318248257118109258189 17171,8431,957–2,744–2,7991148–11–48
Inventory changes and other internally produced and capitalized assets1914605447622,4902,359 41381091391,5261,4734,2924,1394,2924,1394,2924,139
Total income6,8036,42311,80711,2165,9026,15915,33114,316 3,5513,5669,6769,604–15,426–15,23937,64436,045–31–11137,61335,93412717237,74036,106
Cost of materials–3,663–3,397–6,840–6,673–2,944–3,236–5,168–4,873 –3,015–3,065–2,958–3,03611,55111,270–13,037–13,010317–13,034–12,99310–4–13,024–12,997
Personnel expenses–1,590–1,544–3,017–2,747–1,948–2,097–5,893–5,330 –195–180–4,450–4,429–17,093–16,327–17,093–16,327–583–295–17,676–16,622
Other operating expenses–906–980–1,108–1,030–689–760–3,081–2,905 –149–180–1,579–1,6673,7443,821–3,768–3,701530–3,763–3,671–207–232–3,970–3,903
EBITDA644502842766321661,1891,208 192141689472–131–1483,7463,007–23–643,7232,943–653–3593,0702,584
Depreciation 3)–599–598–650–658–325–417–1,197–954 –77–76–644–6608982–3,403–3,281–3,403–3,281–1–6–3,404–3,287
Impairments recognized/reversed 3) 0–10–3–61813 –37–2–235–235–1,41664–1,43969
EBIT (operating profit/loss)45–96191108–7–35710267 115658–190–42–66320–269–23–64297–333–2,070–301–1,773–634
Operating interest balance 4)–146–1492153–136–103–173–228 –90–28–231–471–658–11–31–482–689
thereof operating interest income217410516232016 15770834–677–757206227–26–107180120
thereof operating interest expense–148–150–53–52–152–126–193–244 –10–5–798–1,065677757–677–8851576–662–809
Operating income after interest 4)–101–245212161–143–460–16339 10665–20–421–42–66–151–927–34–95–185–1,022
                          
Capital employed 5)7,3448,5961,9102,3582,5332,89739,82932,461 1,4081,1351,0311,483–1,216–1,17552,83947,755–24,41152,83752,16652,83752,166
Net financial debt5,1405,262–1,143–5602,2582,41310,03811,121 1,0307443,37113,253–4020,69432,19320,69432,19338120,69432,574
                          
Investments accounted for using the equity method0055252633 373368406402406402406402
Result from investments accounted for using the equity method00003500 108131313131313
                          
Gross capital expenditures1,10776468449847234918,30115,227 4413779551,170–106–13821,85418,24721,85418,24739521,85418,642
Investment grants received–1–41–18–30–7,319–8,952 –281–2470–1–7,645–9,218–7,645–9,218–7,645–9,218
Net capital expenditures1,10676464348046934910,9826,275 1601309551,169–106–13814,2099,02914,2099,02939514,2099,424
Additions due to changes in the scope of consolidation (acquisition of companies)4 444
                          
Employees 1), 6)20,39221,23643,09142,40525,22429,48372,94171,216 2,2002,14955,30459,071219,152225,560219,152225,560219,152225,560

1) Previous year’s figures or respectively as of December 31, 2024, adjusted due to the merger of DB Kommunikationstechnik GmbH into DB InfraGO AG, see section “Changes in segment allocation”,
2) Relates to special items and reclassification of PPA amortization of customer contracts and the reconciliation of capital employed to the external presentation. 
3) The non-cash items are included in the segment result shown.
4) Key figure from internal reporting, no external presentation.
5) Profit and loss transfer agreements were not assigned to segment assets or liabilities.
6) The number of employees comprises the workforce, excluding vocational trainees and dual degree students, at the end of the reporting period (part-time employees have been converted to full-time employees). Since 2025 excluding interns and working students. Figures as of December 31, 2024, have not been adjusted.

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