IBERSOL | Integrated Management Report - 2024

INTEGRATED MANAGEMENT REPORT 2024 Other changes in the consolidation perimeter Foundation of subsidiaries On 12 August 2024, a subsidiary was set up, Iberpret, S.A., which will operate the sites in Portugal with the Pret a Manger concept, the group’s new brand. On 1 November 2023, a subsidiary was set up, Belsai Restauração, S.A., which took over the operation of 6 of the group’s service areas and 4 concessions. The assets resulted from the spin-off of Iberusa and Maestro. Merger of subsidiaries On 1 November 2024, the subsidiaries Volrest Aldaia, Volrest Alfafar, Volrest Alcala, Volrest Rivas and Voesmu were merged by absorption into the subsidiary Foodstation. 2. Basis of preparation of the financial information 2.1. Bases of presentation 2.1.1. Approval of the financial statements The financial statements were approved by the Board of Directors and authorized for issue on 30 April 2025. The shareholders have the right not to approve the accounts authorized for issue by the Board of Directors and to propose their amendment. 2.1.2. Accounting standards These consolidated financial statements were prepared in accordance with the Inter- national Financial Reporting Standards (IFRS) issued by the International Account- ing Standards Board (IASB) and with the interpretations issued by the International Financial Reporting Interpretations Committee (IFRIC) or by the previous Standards Interpretation Committee (SIC), as adopted and effective in the European Union on 1 January 2024. In the case of Group companies using different accounting standards, conversion adjustments were made to the IFRS. 2.1.3. Measurement basis The consolidated financial statements were prepared on a going concern basis, un- der the historical cost convention, changed to fair value in the case of derivative financial instruments. The preparation of the financial statements requires estimates and management judgments. 2.1.4. Comparability The consolidated financial statements are comparable in all material respects with the prior year. 365