IBERSOL | Integrated Management Report - 2024

Consolidated Financial Statements The Group’s cash and cash equivalents essentially include deposits arising from the cash generated by operations and the respective deposits in current accounts, as well as term deposits of between 1 month and 6 months. Occasionally there may be funds resulting from financing awaiting application as well as the proceeds of a non- recurring operation such as the sale of Burger King. Excluding these amounts, the value of financial investments in 31 December 2024 is reduced, with the exception of the aforementioned OT’s from the Republic of Angola in the amount of 1.6 million euros, subject to country risk. Deposits and other financial investments are dispersed across several credit institu- tions, therefore there is no concentration of these financial assets. The ratings of the main credit institutions where the Ibersol group has deposits on 31 December 2024 and 2023 are presented as follows: Year 2024 Year 2023 Agency Bank Deposits Rating Deposits Rating 1 067 730 A+ 429 322 A+ Standard & Poor´s Banco Bilbao Vizcaya 580 125 A 2 074 825 A Standard & Poor´s Caixa Bank 11 512 490 A 9 518 975 A- Standard & Poor´s Bankinter 426 107 A- 10 904 966 A- Standard & Poor´s Banco BPI 29 202 450 A- 38 628 989 BBB+ Standard & Poor´s Banco Santander Totta 36 083 150 A1 48 729 206 A- Standard & Poor´s Banco Sabadell (ES) 3 509 126 A- 4 275 534 BBB+ Standard & Poor´s Millenium BCP 22 488 312 BBB 36 631 083 BBB- Standard & Poor's ABANCA (ES) 1 288 928 BBB 97 778 BBB- Standard & Poor's Banco Popular 0 A1 492 296 A- Moody's Caixa Geral Depósitos 21 418 199 A 981 516 A3 Moody's Banco Montepio 559 444 Baa2 54 654 Baa3 Moody's Novo Banco 8 055 401 Baa1 29 908 442 Baa2 Fitch (2024) / Moody's BAI (Angola) 131 330 B- 1 503 804 B3 Não disponível (outros) BIC/BPN 613 011 n/a 1 339 705 n/a Não disponível (Angola) CAIXA TOTTA (Angola) 1 781 990 n/a 1 784 650 n/a Fitch (2024) / Moody's BFA (Angola) 699 081 B- 264 201 B3 Não disponível (Angola) Millenium BCP (Angola) 508 423 n/a 324 087 n/a Não disponível (Angola) BPC (Angola) 8 266 n/a 7 703 n/a Não disponível (outros) Others 32 517 n/a 14 897 n/a 139 966 081 187 966 632 428