IBERSOL | Integrated Management Report - 2024

Consolidated Financial Statements CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEARS ENDED 31 DECEMBER 2024 AND 2023 (amounts in euros) Notes 2024 2023 Cash Flows from Operating Activities Receipts from clients 473 739 821 438 914 311 Payments to supliers -251 250 401 -237 472 951 Staff payments -117 013 128 -103 386 805 Flows generated by operations 105 476 292 98 054 555 Payments/receipt of income tax -2 533 741 -4 145 246 Other paym./receipts related with operating activities -18 130 979 -20 802 426 Flows from operating activities (1) 84 811 572 73 106 883 Cash Flows from Investment Activities Cash Flows from Investment Activities Disposal of discontinued operations net of cash and cash equivalents 6.8. 5 747 647 25 971 698 Financial investments 5.2. 129 991 206 399 Tangible fixed assets - 19 856 Interest received 5 219 940 4 427 787 Other financial assets 8.4. 976 600 423 573 Payments for: Acquisition of subsidiaries net of cash and cash equivalents 6.1. -11 578 087 - Financial investments 6.7. -2 504 129 -3 099 423 Other financial assets 8.4. e 5.2. -1 625 628 - Tangible fixed assets -39 278 781 -30 569 098 Intangible assests -3 158 807 -3 586 599 Flows from investment activities (2) -46 071 255 -6 205 807 Cash flows from financing activities Cash flows from financing activities Loans obtained 8.2. 16 767 067 - Payments for: Loans obtained 8.2. -26 177 287 -42 445 598 Rental debt 8.3. -34 352 050 -22 691 767 Interest from loans and similar costs -1 996 932 -4 279 351 Interest from lease contracts 8.3. -14 805 610 -10 113 570 Dividends paid 8.1.5. -20 755 209 -29 651 704 Acquisition of own shares 8.1.2. -5 231 174 -3 244 008 Flows from financing activities (3) -86 551 195 -112 425 998 Change in cash & cash equivalents (4)=(1)+(2)+(3) -47 810 878 -45 524 922 Effects of exchange rate differences -68 680 -3 068 865 Cash & cash equivalents at the start of the period 188 538 842 237 132 629 Cash & cash equivalents at end of the period 8.5. 140 659 284 188 538 842 The Board of Directors, Porto, 30 th April 2025 360