IBERSOL | Integrated Management Report | 2025

INTEGRATED MANAGEMENT REPORT 2025 The scoring of risks and opportunities was based on the following components: Magnitude Probability EBITDA (€) 5 = Very high > 20 000 000 5 = Highly likely (>90% ; <= 100%) 4 = High > 10 000 000 <= 20 000 000 4 = Very likely (> 75% ; <= 90%) 3 = Average > 4 000 000 <= 10 000 000 3 = Likely (> 50% ; <= 75%) 2 = Low > 1 600 000 <= 4 000 000 2 = Unlikely (> 25% ; <= 50%) 1 = Very low > 0 <= 1 600 000 1 = Improbable (<= 25%) 0 = None 0 Risk/Opportunity Score = Magnitude x Probability Risks/opportunities considered material were those with a score equal to or greater than 3 (corresponding to a proportion of 60% in relation to the maximum possible score of 5). In the materiality analysis process, the sustainability risk and opportunity assessment evaluated the dimensions of the environment and society in a broad sense, incorporating all dimensions with a financial impact on the company, such as economic, financial, legal, technological and security factors, so that the specific associated risks were considered and with equal importance assigned. The Group has a risk management process that integrates a global risk assessment for the Group as a whole and a specific risk analysis for each of the core businesses and shared services functions. These assessments are developed within the framework of the annual plan, program and budget work and 127