IBERSOL | Integrated Management Report - 2024

CONSOLIDATED FINANCIAL PERFORMANCE EBITDA The EBITDA in 2024 reached 95.7 million euros, higher than the 73.7 million euros in 2023. The EBITDA margin rose to 20.2% of turnover (2.6 p.p. above the same period last year). However, if we exclude the impact of IFRS16 on EBITDA, the EBITDA margin without IFRS16 would be 9.1%, which represents a loss of 0.5 p.p. compared to 2023: (million euros) 2024 Continued Op. 2023 Continued Op. var. 24 vs 23 2024 w/o IFRS16 2023 w/o IFRS16 var. w/o IFRS16 24 vs 23 Turnover 478,3 418,2 13,4% 474,3 418,2 13,4% External supplies and services 129,6,4 27,3% 121,49 29,1% 6,3% 182,1 38,4% 155,4 37,2% 17,1% Amortisation, depreciation and impairment losses of TFA, Rights of Use, Goodwill and IA 72,2 15,2% 50,7 12,1% 42,4% 25,6 5,4% 20,5 4,9% 24,7% EBIDTA 95,7,1 20,2% 73,7 17,6% 29,9% 43,2 9,1% 40,1 9,6% 7,7% margin 20,2% 17,6% +2,6 p.p. 9,1% 9,6% -0,5 p.p. This reduction in margin is due to the aforementioned increase in personnel costs and the increase in “External supplies and services”, namely energy costs, costs with commissions paid to aggregators and rents in new concessions. 98