IBERSOL | Integrated Management Report - 2024

Consolidated Financial Statements Year 2024 Kwanzas Equivalent EUR USD(*) Equivalent EUR EUR Total (Euro) Financial Assets Cash and bank deposits 2 954 221 828 3 116 704 4 746 4 559 10 268 3 131 531 Treasury bonds 1 690 933 235 1 783 935 - - - 1 783 935 Others 390 819 307 412 314 - - - 412 314 5 035 974 370 5 312 953 4 746 4 559 10 268 5 327 780 Financial Liabilities Borrowings - - - - - - Suppliers 1 150 015 667 1 213 267 237 932 228 539 893 708 2 335 514 Others 122 086 567 128 801 - - - 128 801 1 272 102 234 1 342 068 237 932 228 539 893 708 2 464 315 For reference, USD/EUR exchange rate used was 0.96 and 0.90, respectively, in 2024 and 2023. Additionally, the Angolan subsidiaries have debts to suppliers - mostly group companies - denominated in EUR which, after conversion, generate exchange rate differences in the consolidated financial statements (other operating costs). On the other hand, the same subsidiaries hold financial assets indexed to USD in an amount necessary to cover liabilities in foreign currency. Simulating, based on the figures for 31 December 2024, an additional devaluation of the AKZ against the USD and the EUR in the order of 10% or 15%, keeping everything else constant, the impact on the Group’s Equity would be 0.53 million euros and 0.8 million euros (1.5 million euros and 2.3 million euros, in 2023), respectively. Year 2023 Kwanzas Equivalent EUR USD(*) Equivalent EUR EUR Total (Euro) Financial Assets Cash and bank deposits 3 601 012 927 3 867 488 4 746 4 293 10 268 3 882 049 Treasury bonds 1 614 529 814 1 734 005 - - - 1 734 005 Others 325 071 250 349 127 - - - 349 127 5 540 613 991 5 950 619 4 746 4 293 10 268 5 965 181 Financial Liabilities Borrowings - - - - - - Suppliers 435 331 602 467 546 206 606 186 886 76 291 730 723 Others 118 808 973 127 601 - - - 127 601 554 140 575 595 147 206 606 186 886 76 291 858 323 426