IBERSOL | Integrated Management Report - 2024

Consolidated Financial Statements With regard to the measurement of uncertain tax positions, the Group takes into ac- count the provisions of IFRIC 23 – “Uncertainty regarding income taxes”, namely in the measurement of risks and uncertainties in defining the best estimate of the expendi- ture required to settle the obligation, by weighing all possible controlled outcomes and associated probabilities. Income taxes recognized in the years ended 31 December 2024 and 2023 are detailed as follows: dec/24 dec/23 Current tax 393 955 432 523 Deferred tax 371 638 -1 658 588 765 593 -1 226 065 9.1.1. Current tax recognized in the income statements The Group’s pre-tax income tax differs from the theoretical amount that would result from applying the weighted average income tax rate to consolidated income as fol- lows: 2024 2023 Profit before tax 13 382 155 Tax calculated at the tax rate applicable in Portugal (22,5%) 3 010 985 Tax effect generated by: Tax losses for the year without deferred tax 2 414 392 - Recognition of deferred taxes Spain 725 760 -1 402 798 Tax credits/tax incentives in the year -6 167 244 -2 840 582 State surcharge 297 727 258 578 Autonomous taxation 161 373 181 654 Rate differences and other effects 686 978 -433 903 Income tax 765 593 -1 226 065 As at 31 December 2024 the effective tax rate is 7% (-9% in 2023). 9.1.2. Current tax recognized in the statement of financial position 9.1.2.1. Income tax recoverable At 31 December 2024 and 2023, the amount of tax on income to be recovered totals EUR 2,968,601 (3,550,462 euros in 2023), as follows: 448