IBERSOL | Integrated Management Report - 2024

Consolidated Financial Statements 1.2. Ibersol Group’s joint ventures and associates For the periods ended 31 December 2024 and 2023, the Group’s companies, their respective head offices and their main developed business included in the consoli- dation by the equity method and the respective proportion of equity is as follows: Company Head Office % Shareholding dec/24 dec/23 Associated companies Ziaicos - Serviços e gestão, Lda. Porto 40% 40% Companies controlled jointly UQ Consult - Serviços de Apoio à Gestão, S.A. New Restaurants of Spain, S.A. Medfood Invest S.L. Sapidum Ferrolterra SL Original Chicken Compostela SL Gut & Schnell SL Frisch Vigo SL Frisch Pontevedra SL Lecker Ourense SL Porto Alicante - Spain Alicante - Spain Galiza - Spain Galiza - Spain Galiza - Spain Galiza - Spain Galiza - Spain Galiza - Spain 50% - - 25% 25% 25% 25% 25% 25% 50% 40% 40% - - - - - - The companies New Restaurants of Spain and Medfood now meet the criteria to be considered subsidiaries. 1.3. Changes in the consolidation perimeter Acquisition of new companies On 23 July 2024, the acquisition of 100% of the share capital of the subsidiary Medfood Investments S.L. (which in turn holds 100% of the share capital of New Restaurants of Spain, S.A.) was completed, following the initial acquisition of a 40% share in 2023, through the subscription of 40% of Medfood’s share capital. See note 6.1. On 27 December 2024, following an agreement with the Gallaecia Group, 25% of the share capital of Sapidum Ferrolterra SL, Original Chicken Compostela SL, Gut & Schnell SL, Frisch Vigo SL, Frisch Pontevedra SL and Lecker Ourense SL was acquired, which together operate 10 KFC restaurants in the Galicia area. Under the terms of this agreement, Ibersol has an option to acquire the remaining 75% of the companies’ share capital and an option to sell its current 25% stake, to be exercised in 2028. Under the terms of the agreement, Ibersol has joint control over these companies. See note 6.7. Disposals On 31 January 2024, the Group sold the subsidiary Belsai, Restauração S.A. (Note 6.8.). In the year ended 31 December 2023, there were no disposals of companies. 364