IBERSOL • 2023 Integrated Management Report

Consolidated Financial Statements CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEARS ENDED 31 DECEMBER 2023 AND 2022 (amounts in euros) Notes 2023 2022 Cash Flows from Operating Activities Receipts from clients 438 914 311 522 059 661 Payments to supliers -237 472 951 274 899 298 Staff payments -103 386 805 115 328 597 Flows generated by operations 98 054 555 131 831 767 Payments/receipt of income tax -4 145 246 2 514 504 Other paym./receipts related with operating activities -20 802 426 -16 895 137 Flows from operating activities (1) 73 106 883 112 422 126 Cash Flows from Investment Activities Receipts from: Disposal of discontinued operations net of cash and cash equivalents 6.7. 25 971 698 193 822 251 Financial investments 5.2. 206 399 354 815 Tangible fixed assets 19 856 3 684 Interest received 4 427 787 1 693 147 Other financial assets 8.4. 423 573 1 429 154 Payments for: Financial investments 6.6e5.2. -3 099 423 818 120 Other financial assets 8.4. - 2 264 442 Tangible fixed assets -30 569 098 39 593 542 Intangible assests -3 586 599 3 682 205 Flows from investment activities (2) -6 205 807 150 944 741 Cash flows from financing activities Receipts from: Loans obtained 8.2. - 3 000 000 Payments for: Loans obtained 8.2. -42 445 598 -83 427 754 Rental debt 8.3. -22 691 767 -24 317 016 Interest from loans and similar costs -4 279 351 -5 067 915 Interest from lease contracts 8.3. -10 113 570 -8 082 545 Dividends paid 8.1.5. -29 651 704 -5 724 003 Acquisition of own shares 8.1.2. -3 244 008 -229 711 Flows from financing activities (3) -112 425 998 -123 848 944 Change in cash & cash equivalents (4)=(1)+(2)+(3) -45 524 922 139 517 923 Effects of exchange rate differences -3 068 865 422 816 Effect of variation in perimeter - 223 887 Cash & cash equivalents at the start of the period 237 132 629 96 968 003 Cash & cash equivalents at end of the period 8.5. 188 538 842 237 132 629 The Board of Directors, Porto, 29 th April 2024 400