Notes on the items in the consolidated balance sheet
Goodwill is tested for impairment once a year in accordance with IAS 36. The impairment test is carried out in the final two months of the financial year.
In 1–6/2026, goodwill in the amount of T€ 103,247 (1–6/2025: T€ 155,882) arising from capital consolidation was recognised as an asset. In the first half of 2026, goodwill of T€ 50,000 relating to WTE Wassertechnik GmbH, Essen, was impaired due to losses arising from the remeasurement of projects as part of the first-time consolidation. No goodwill impairment losses were recognised in 1–6/2025.
In 1–6/2026 additions to tangible and intangible assets not including the non-cash additions to right-of-use assets in the amount of T€ 360,373 (1–6/2025: T€ 349,129) were recognised.
In the same period, tangible and intangible assets not including the non-cash disposals to right-of-use assets with a book value of T€ 11,317 (1–6/2025: T€ 12,990) were sold.
Property, plant and equipment include right-of-use assets for real estate leases in the amount of T€ 382,851 (31 December 2025: T€ 361,661).
On the reporting date, there were T€ 275,561 (30 June 2025: T€ 213,363) in contractual commitments for the acquisition of property, plant and equipment which were not considered in the semi-annual financial statement.
On 29 July 2026, Austria’s Budget Accompanying Act 2027–2028 (Budgetbegleitgesetz 2027–2028) was published. Under the Act, a progressive corporate income tax rate will apply to financial years beginning after 31 December 2027. The tax rate will remain at 23% for income of up to € 1 million, while income exceeding this amount will be taxed at 24%.
The change in the tax rate will have to be taken into account for the first time when measuring deferred taxes for the annual financial statements as at 31 December 2026 and will primarily affect the measurement of deferred tax assets arising from tax-deductible write-downs of investments that are spread over seven years in accordance with the “Siebentelabschreibung” clause of the Austrian Corporate Income Tax Act (Körperschaftsteuergesetz, KStG).
The changes in equity are presented in the statement of changes in equity.
The fully paid-up share capital amounts to € 118,000,000.00 and is divided into 117,999,997 no-par value bearer shares and three registered shares. As at 30 June 2026, STRABAG SE holds 2,557,304 treasury shares.
On the basis of the authorisation granted at the 21st Annual General Meeting of STRABAG SE held on 13 June 2025, the Management Board, with the approval of the Supervisory Board, resolved to cancel 221,982 treasury shares acquired by the company. This resulted in share capital being set at the round figure of € 118,000,000.00.
In the first half of 2026, STRABAG SE acquired 280 STRABAG SE shares held by a subsidiary.
STRABAG SE, together with its German subsidiaries Erste Nordsee-Offshore-Holding GmbH and Zweite Nordsee-Offshore-Holding GmbH, has filed an arbitration claim against the Federal Republic of Germany. The plaintiffs claim that the regulatory measures adopted by the Federal Republic of Germany have restricted their right to develop offshore wind turbines in certain areas of the North Sea to such an extent as to result in the loss of the investment. The claim asserts that the Federal Republic of Germany has thus violated the investment protection provisions of the Energy Charter Treaty.
On 18 December 2024, the arbitral tribunal ruled that the subsidiaries Erste Nordsee-Offshore-Holding GmbH and Zweite Nordsee-Offshore-Holding GmbH are entitled to damages totalling € 241 million plus interest at 3% p.a. STRABAG holds a 51% stake in each of the subsidiaries.
The Federal Republic of Germany had initially submitted a rectification request to the court of arbitration to amend individual passages of the ruling. The arbitral tribunal that issued the award reached a final decision on this request on 30 April 2025 and, in essence, made adjustments only to parts of the cost decision. In August 2025, the Federal Republic of Germany subsequently filed an application to set aside the arbitral award. The estimated duration of these annulment proceedings given several rounds of written submissions and an oral hearing – is approximately two years. Only after the conclusion of these proceedings will the arbitral award become final and, following further local recognition procedures in the respective country, enforceable. In this respect, no receivable can be recognised yet.
On 29 June 2020, the tribunal in STRABAG SE v Libya (ICSID Case No. ARB (AF)/15/1) issued its award holding Libya in breach of the agreement between the Republic of Austria and the State of Libya for the promotion and protection of investments. The tribunal consequently awarded STRABAG SE damages of € 75 million plus interest, and ordered Libya to reimburse STRABAG 75% of its legal costs and expenses, and to bear 75% of the costs of the arbitration.
STRABAG commenced its activities in Libya – the construction of infrastructure – in 2006. The operations were interrupted in 2011 by the conflict in the country. In the arbitration proceedings, STRABAG claimed compensation for losses and damages suffered during the conflict and for work it had already performed on the various construction projects.
A motion filed by Libya with the competent courts in the United States to set aside the arbitration award was dismissed by final decision after passing through several instances.
In November 2024, STRABAG learned that Libya had filed a suit against STRABAG SE, STRABAG International GmbH and the Libyan project company, Al Hani Inc., in a Libyan court. Libya is seeking damages and repayment of the advance payments not used because Al Hani Inc. failed to properly fulfil the construction contracts at the time. According to an initial assessment, the prospects of success are considered to be low. It is assumed that Libya will raise this claim in possible settlement negotiations.
It remains uncertain whether Libya will honour the award. STRABAG is examining all measures of enforcing the arbitration award and has initiated recognition and enforcement proceedings. These proceedings are moving along very slowly and have not yet led to any significant findings.
Because of the existing uncertainties no receivable was recognised.
As at 30 June 2026, there were no sureties or guarantees (31 December 2025: T€ 0).
There is an indirect credit risk arising from liabilities assumed under financial guarantees amounting to T€ 144,429 (31 December 2025: T€ 165,683).