Segment information

Segment information

Jan 1 through Jun 30 or respectively as of Jun 30 / € millionDB Long-DistanceDB RegionalDB Cargo DB InfraGO 1)DB EnergySubsidiaries/Other 1)ConsolidationDB Group adjustedReconciliation 2)DB Group
202620252026202520262025 20262025202620252026202520262025202620252026202520262025
External revenues2,9562,8815,5075,3022,3462,388 1,6271,58869274245643713,58413,33810–1113,59413,327
Internal revenues96937767137143 2,6672,7301,0029352,8242,801–6,803–6,769
Total revenues3,0522,9745,5845,3692,4832,531 4,2944,3181,6941,6773,2803,238–6,803–6,76913,58413,33810–1113,59413,327
Other external income199133235246255268 2,0681,074428262251–113,0231,989181673,2042,056
Other internal income117138102627539 1339667894925–1,327–1,267
Inventory changes and other internally produced and capitalized assets111232292025 1,3931,32921211511274834962,1112,0392,1112,039
Total income3,3793,2575,9535,7062,8332,863 7,8886,8171,7251,7334,5874,541–7,647–7,55118,71817,3661915618,90917,422
Cost of materials–1,729–1,788–3,498–3,329–1,440–1,486 –2,746–2,331–1,419–1,476–1,267–1,2715,7605,689–6,339–5,992–18–5–6,357–5,997
Personnel expenses–794–798–1,560–1,474–927–996 –3,115–2,928–103–96–2,136–2,2252–8,633–8,517–130–88–8,763–8,605
Other operating expenses–437–431–475–480–310–311 –1,434–1,223–73–71–723–7371,8351,794–1,617–1,459–111–125–1,728–1,584
EBITDA41924042042315670 59333513090461308–50–682,1291,398–68–1622,0611,236
Depreciation 3)–271–299–330–320–157–165 –659–537–39–38–303–3074644–1,713–1,622–10–1,714–1,622
Impairments recognized/reversed 3)0–100–1 000–14–1–15–1–15
EBIT (operating profit/loss)148–5989103–1–96 –66–2029152158–13–4–24415–239–69–162346–401
Operating interest balance 4)–73–732316–59–69 –78–74–6–3–4–55–11–197–269
thereof operating interest income114940108 91511344384–298–36911680
thereof operating interest expense–74–74–26–24–69–77 –87–89–7–4–348–439298358–313–349
Operating income after interest 4)75–132112119–60–165 –144–2768549154–68–4–35218–508
                      
Capital employed 5)7,3558,7331,8882,0502,5852,921 40,47736,3971,4771,2761,2821,485–1,223–1,17953,84151,68353,84151,683
Net financial debt5,0735,527–1,256–9982,3582,621 10,81511,0851,0118153,5712,997–121,57122,04721,57122,047
                      
Investments accounted for using the equity method01552326 42373369405403405403
Result from investments accounted for using the equity method0000–21 03512626
                      
Gross capital expenditures55937734823598151 6,9196,00717916447339097148,6737,3388,6737,338
Investment grants received–1–40–2–70 –5,143–1,227–111–8400–5,302–1,313–5,302–1,313
Net capital expenditures55837730823391151 1,7764,780688047339097143,3716,0253,3716,025
Additions due to changes in the scope of consolidation (acquisition of companies)1635 45555
                      
Employees 6)19,76221,04543,03142,89124,22927,155 74,65272,5632,2122,13353,77956,732217,665222,519217,665222,519

1) Figures for the first half of 2025/ as of June 30, 2025, have been adjusted due to reallocation of DB Projekt Stuttgart ―Ulm GmbH, 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 young talents, at the end of the reporting period (part-time employees have been converted to full-time employees).

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