IBERSOL | Annual Report 2021

Consolidated Financial Performance FINANCIAL RESULTS Financial Expenses and Losses and Financial Income and Gains The net financial result was negative by 16.9million euros, 2.7 million euros less than the loss recorded in 2020. Financial gains and losses totalled 17.6 million euros which translates into a drop of 3.8million euros compared to the 2020 (2.0million of which are the result of the derecognition of lease contracts with AENA since Octo- ber 1st, which, as such, meant the non-recording of rental interest for the last quarter of 2021). Part of these expenses and losses are due to interest rates from leases valued at 13.4 million euros (16.8 million euros in 2020). Net interest supported by loans, and commissions related to financing reached a total of 3.2 million euros, which equals an average debt cost of 1.9%. The descending trajectory of the average financing cost is due to the evolution of interest rates in Portugal. 2021 2020 var. Financial Results 16,9 4,7% 19,6 6,8% -13,7% Financial expenses and losses 17,6 4,9% 21,4 7,4% -17,6% Financial income and gains 0,7 0,2% 1,7 0,6% -61,4% (Million euros) 38