IBERSOL | Integrated Management Report - 2024

INTEGRATED MANAGEMENT REPORT 2024 Turnover Following the sale of Burger King’s operations in Portugal and Spain at the end of November 2022, the activity of Burger King restaurants is reported as “Discontinued Operation” in terms of financial information reporting until the completion of the sale of 9 units, something that oc- curred at the beginning of 2025. The year 2024 was marked by moderate growth in the restaurant sector, particularly in out-of-home consumption. The Group remained focused on maintaining sales volumes, with occasional price increases and with- out neglecting the fulfilment of the investment plan by opening new restaurants and implementing definitive formats at Spanish Airports. The growth in turnover (13.4%) is associated with the contribution of ex- pansion, the better performance of the Delivery channel through aggre- gators (which grew by around 18%) and the integration of the KFC units that belong to the NRS business from 1 July, with a turnover of €21.3M. The turnover of “Continued Operations” reached 474.3 million euros in 2024, exceeding the 418.2 million euros of the same period last year. 4. Consolidated Financial Performance 91