IBERSOL • 2023 Integrated Management Report

CONSOLIDATED FINANCIAL PERFORMANCE Financial results (million euros) 2023 Continued Operations 2022 Continued Operations var. 23 vs 22 Financial results -9,6 -2,3% -7,6 -2,1% 26,5% Financial expenses and losses -14,3 -3,4% -9,3 -2,6% 54,5% Financial income and gains 4,5 1,1% 1,6 0,5% 180,9% Gains (losses) in associated and joint controlled sub. - Equity method 0,2 0,1% 0,1 0,0% 137,6% Financial Gains and Losses and Financial Income and Revenue The net financial result was a loss of 9.6 million euros, 2.0 million eu- ros less than in 2022. Financial costs and losses totalled 14.3 million euros, an increase of 5.0 million euros compared to 2022. Part of these costs and losses corresponds to interest on leases totalling 10.1 million euros (4.5 mil- lion euros in 2022). Net interest on financing and associated commissions totalled 2.6 million euros, corresponding to an average cost of debt of 2.7%, re- flecting the increase in reference rates and fixed commissions on un- used lines. Financial income and gains registered a substantial increase of 2.9 million euros, due to the increase in cash and cash equivalents result- ing from the sale of the Burger King operation in 2022, applied at an average rate of 3%. 156