IBERSOL | Integrated Management Report - 2024

Individual Financial Statements 7. Financing 7.1. Equity 7.1.1. Share capital Accounting policies Ordinary shares are classified as equity when paid. Incremental costs directly attributable to the issue of new shares or options are pre- sented in equity as a deduction, net of tax, from income. When Ibersol acquires its own shares, the amount paid, including directly attributable costs (net of tax), is deducted from equity attributable to equity holders until the shares are canceled, reissued or sold. When such shares are subsequently sold or reis- sued, any proceeds, after deducting directly attributable transaction costs and taxes, are reflected in equity. As deliberated at the Annual General Meeting of 26 May 2023, in June 2023 the com- pany reduced its share capital from 46,000,000 euros to 42,359,577 euros, by cancel- ling 3,640,423 own shares, in order to reduce excess capital. On 5 July 2024, the company again reduced its share capital from 42,359,577 euros to 41,514,818 euros, by cancelling 844,759 of its own shares, in order to release excess capital. On 31 December 2024, Ibersol’s share capital was fully subscribed and paid up, and was represented by 41,514,818 registered shares with a nominal value of 1 euro each. Share premiums at 31 December 2024 amount to €29,900,788, without any changes compared to the previous year. 7.1.2. Own shares Ibersol SGPS, SA reduced its capital from 46,000,000 euros to 41,514,818 euros, by extinguishing 3,640,423 own shares acquired for 11,410,227 euros in 2023 and 844,759 own shares acquired for 5,778,469 euros in 2024. On 31 December 2024, under the buyback program approved by the shareholders in 2023 and a new program approved at the last General Meeting on 29 May 2024, the group acquired 743,151 shares at an average price of 7.04 euros. On 31 December 2024, the company held 375,883 own shares acquired, at an average price of 7.17 and representing 0.91% of the share capital. 500