IBERSOL | 2019 Annual Report

2019 ANNUAL REPORT Individual Net Results and Proposed Application of Results During 2019 Ibersol SGPS, S.A. presented a consolidated net pro- fit of 25,095,257.00 euros and a net profit of individual accounts of 11,081,720.77 euros. Taking into account the foreseeable evolution of operations and the re- sulting deterioration of business, the Board has prudently chosen not to distribute dividends, and to approve the following distribution of results: Legal reserve 554,087,00 € Free reserves 10,527,633,77 € 117