IBERSOL • 2023 Integrated Management Report

CONSOLIDATED FINANCIAL PERFORMANCE Net Debt At the end of the year, net debt (including lease liabilities) totalled 67.3 million euros, which represents an increase of 146.6 million euros compared to the negative debt at the end of 2022 (-79 million euros), of which 229.0 million euros correspond to lease liabilities. (million euros) 2023 2022 Var. Total loans 28,5 70,1 -41,6 Cash and bank deposits -188,5 -237,1 -48,6 Other current and non-current liabilities -1,6 -3,1 -1,5 Net Bank Debt -161,7 -170,1 8,5 Liability for leases 229,0 90,9 138,1 Net Debt 67,3 -79,2 146,6 Equity 354,9 383,7 -28,8 Gearing (Net Debt/Net Debt + Equity) 16% -26% Ebitda 73,7 61,2 12,5 Net Debt / Ebitda 0,39X -1,3X Total interests 12,7 7,4 5,3 Interest Coverage 6x 8x As a result, there is a gearing ratio of 16% at the end of 2023, which reflects the group’s solid financial position. The “Net Debt to EBITDA” indicator at the end of 2023 was 0.9 times, and the EBITDA interest coverage ratio is six times, due to the in- crease in interest on lease liabilities (IFRS16) of around 5.3 million euros. 160