IBERSOL | Integrated Management Report - 2024

Individual Financial Statements dec/2024 dec/2023 Profit payable to shareholders 37 044 329 37 098 448 Number of shares issued at the beginning of the year 42 359 577 46 000 000 Number of shares issued at the end of the year 41 514 818 42 359 577 Weighted average number of ordinary shares issued (i) 41 865 647 43 815 746 Weighted average number of treasury shares (ii) 224 794 1 456 952 Weighted average number of shares outstanding (i-ii) 41 640 853 42 358 794 Basic earnings per share (euros per share) 0,89 0,88 Number of shares at the end of the period 375 883 477 491 Since there are no potential voting rights, basic earnings per share are equal to diluted earnings per share. 7.2. Bank debt Accounting policies Loans are recorded as liabilities at the nominal value received, net of issue costs, which corresponds to their fair value on that date. Subsequently, they are measured by the amortized cost method, with the corresponding financial charges calculated accord- ing to the effective interest rate. Loans obtained are classified as current liabilities, unless Ibersol has an unconditional right to defer payment of the liability for at least 12 months after the balance sheet date, in which case they are classified as non-current liabilities. The effective interest rate is the rate that discounts future payments over the expect- ed life of the financial instrument to the net carrying amount of the financial liability. On 31 December 2024 and 2023, current and non-current loans were as follows: dec/2024 dec/2023 Non current Commercial Paper - 4 800 000 - 4 800 000 Current Commercial Paper 9 832 442 11 600 000 Financing commissions - -16 639 9 832 442 11 583 361 Total borrowings obtained 9 832 442 16 383 361 502