General information/accounting policies

These Interim Consolidated Financial Statements of voestalpine AG as of September 30, 2026, for the first half of the business year 2026/27 were prepared in accordance with IFRS Accounting Standards – as adopted by the European Union – pursuant to IAS 34, Interim Financial Reporting, as well as the interpretations of the International Financial Reporting Interpretations Committee (IFRS IC), that are mandatory for application in 2026. The accounting policies are unchanged from the Consolidated Financial Statements for the business year 2025/26, except for the changes described below.

The following new and revised Standards and Interpretations were adopted for the first time in the business year 2026/27:

The amendments to IFRS 9 and IFRS 7 relate, among other things, to the classification of contracts for nature-dependent electricity supply and clarify the application of the own use exemption to such contracts. In addition, the hedge accounting requirements in relation to these contracts are being adjusted, and additional disclosure requirements for the notes to the Consolidated Financial Statements are defined. For the voestalpine Group, no changes to the accounting treatment of contracts for nature-dependent electricity resulted from initial application. The effects of initial application are limited to additional disclosures in accordance with IFRS 7 as of March 31, 2027.

The other new and revised of Standards and Interpretations did not have any material effects on the voestalpine Group’s net assets, financial position, or results of operations.

Further information on the other principles of preparation is provided in the Consolidated Financial Statements as of March 31, 2026, which form the basis of these Interim Consolidated Financial Statements.

The voestalpine Group will apply IFRS 18 as of its mandatory date of initial application on April 1, 2027. The application of IFRS 18 is expected to result in a material change to the presentation of the Group’s earnings position due to changes in the structure of the Consolidated Income Statement. There will also be changes to the presentation of the Consolidated Statement of Cash Flows and the disclosures in the Notes. IFRS 18 has no impact on the recognition and measurement of account balances in the Consolidated Financial Statements.

In the Consolidated Income Statement, the application of IFRS 18 primarily results in reclassifications between operating result and finance result (or the new categories investing and financing); accordingly, the Group’s profit after tax is not affected.

In the Consolidated Statement of Cash Flows, changes mainly arise from the prescribed presentation of interest received and paid as well as dividends received, which were previously included in cash flows from operating activities and will in the future be presented within cash flows from investing activities and cash flows from financing activities.

The required retrospective application will result in an adjustment of the comparative information for the preceding business year. The specific quantification of the changes in presentation in the Consolidated Income Statement and the Consolidated Statement of Cash Flows, the use and definition of management-defined performance measures (MPMs), and the extent of changes to disclosures in the Notes are currently being assessed as part of the ongoing implementation process.

The Interim Consolidated Financial Statements are presented in millions of euros (the functional currency of the parent company). The use of automated calculation systems may result in rounding differences that affect amounts and percentages.

Unless otherwise stated, comparative information relates to the first half of the business year 2025/26 (reporting date: September 30, 2025).

The present Interim Consolidated Financial Statements have not been audited or reviewed by an auditor.