IBERSOL | Integrated Management Report - 2024

INTEGRATED MANAGEMENT REPORT 2024 Net Debt Net debt (including lease liabilities) amounted to 176.2 million euros, which represents an increase of 108.8 million euros compared to the amount owed at the end of 2023 (67.3 million euros), of which 289.5 million correspond to lease liabilities. The €60.5 million increase in Lease Liabilities incorporates: - Reactivation of the lease agreement for Barcelona Airport, whose 2024 traffic exceeded that of 2019 (30.4 million euros); - Integration of NRS lease contracts (20.6 million euros). (million euros) 31/12/2024 31/12/2023 Var. Total loans 29,0 28,5 0,5 Cash and bank deposits -140,7 -188,5 -47,9 Other current and non-current liabilities -1,6 -1,6 0,0 Net Bank Debt -113,3 -161,7 -48,3 Liability for leases 289,5 229,0 60,5 Net Debt 176,2 67,3 108,8 Equity 342,6 354,9 -12,4 Gearing (Net Debt/Net Debt + Equity) 34% 16% Bank loans, which amount to 29.0 million euros, increased by 0.5 million euros compared to 2023 with the increase in interest associated with new financing contracts for the purchase of equipment (leasebacks). 103