IBERSOL | Integrated Management Report - 2024

CONSOLIDATED FINANCIAL PERFORMANCE 4.2 Financial results (million euros) 2024 Continued Op. 2023 Continued Op. var. 24 vs 23 Financial results -11,7 -2,5% -9,6 -2,3% 22,7% Financial expenses and losses -16,7 -3,5% -14,3 -3,4% 16,9% Financial income and gains 5,2 1,1% 4,5 1,1% 14,2% Gains (losses) in associated and joint controlled sub. - Equity method -0,2 0,0% 0,2 0,1% -165,7% The net financial result for 2024 was negative by 11.7 million euros, 2.1 million euros more negative than that recorded in 2023, due to the increase in interest on leases and partially offset by the growth in income associated with financial applications. Financial expenses and losses totalled 16.7 million euros, which corresponds to an increase of 2.4 million euros compared to the same period in 2023. The majority of these expenses and losses correspond to interest on leases worth 14.8 million (10.1 million in 2023). Financial income and gains increased by €0.6 million due to the favourable remuneration of financial resources, especially during the first half of 2024. The average annual rate stood at 3.6%. 4.3 Consolidated net results The net result from continued operations reached 11.0 million euros, 3.6 million euros lower than the recorded in 2023. The main contributions to this variation are summarized as follows: 100