It was a turbulent year – for passengers, for employees, for the Executive Board (EB) and certainly for the Supervisory Board (SB). As stewards of the organisation, we also want to close each year with an NS that is a little bit better.

NV Nederlandse Spoorwegen is a public limited company under Dutch law. Its registered office is in Utrecht. NV Nederlandse Spoorwegen is the holding company of NS Groep N.V. NS is a state-owned company.

Our operations involve a number of uncertainties. Risk management is all about targeting uncertainties that could impede the achievement of the strategic objectives.

NS interacts with passengers on a daily basis. In addition, NS maintains close relations with many external partners and stakeholders. We have a trust-based dialogue with these parties.

The Executive Board is of the opinion that the risk management and internal control systems concerning the financial reporting risks in the year under review functioned satisfactorily and give a reasonable degree of assurance that the financial

NS is a company based in the Netherlands and has a single, Dutch shareholder, the Dutch State.

In the annual report, NS presents its operational and financial performance and the associated social aspects with the highest possible degree of integration.

N.V. Nederlandse Spoorwegen has reported on the period 1 January 2024 to 31 December 2024 in accordance with the GRI standards.