Asset situation
Slight increase in net financial debt.
Capital expenditures remain at a very high level.
Equity ratio remained roughly unchanged.
Business development
- Chairwoman’s letter
- Interim Group management report (unaudited)
- Overview
- Implementation of Group transformation
- New DB 2035 strategy
- Michael Obrowski to become new Chief Financial Officer of DB AG
- Restructuring Report confirms DB Cargo AG’s ability to be restructured
- New collective bargaining agreement concluded with the GDL
- Security summit for improved security
- Launch of three immediate action programs
- New commissioning plan for Stuttgart 21
- Fundamentals
- Strategy
- Quality
- Digitalization and technology
- Ecological transformation
- Employees
- Business development
- Development of business units
- Developments in the relevant markets
- DB Long-Distance business unit
- DB Regional business unit
- DB Cargo business unit
- DB InfraGO business unit
- Development in the relevant markets
- Transformation into a high-performance network
- Implementation of Performance and Financing Agreement
- Inspection and replacement of concrete ties
- Development of infrastructure
- General conditions
- Digitalization and innovation
- Environmental measures
- Subsidiaries
- Other events
- Development in the first half of 2026
- DB Energy business unit
- Subsidiaries / Other
- Opportunity and risk report
- Events after the balance sheet date
- Outlook
- Forward-looking statements
- Overview
- Consolidated interim financial statements (unaudited)
- Consolidated statement of income
- Reconciliation of Consolidated comprehensive income
- Consolidated balance sheet
- Consolidated statement of cash flows
- Consolidated statement of changes in equity
- Segment information
- Notes to the consolidated interim financial statements
- Basic principles and methods
- Comparability with the first half of 2025
- Disclosures regarding revenues from contracts with customers and from rental and leasing
- Disclosures on assets and liabilities held-for-sale in connection with held-for-sale assets (IFRS 5)
- Contingent receivables and liabilities and guarantee obligations
- Disclosures regarding the fair value of financial instruments
- Other financial obligations
- Other disclosures
- Significant events after the balance sheet date
- Additional information
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