IBERSOL | Integrated Management Report | 2025

INTEGRATED MANAGEMENT REPORT 2025 CONSOLIDATED STATEMENT OF FINANCIAL POSITION AT 31 DECEMBER 2025 AND 2024 (amounts in euros) ASSETS Notes 31/12/2025 31/12/2024 Non-current Goodwill 6.1. e 6.2. 58 587 677 58 587 677 Intangible Assets 6.3. 37 706 047 40 927 365 Property, plant and equipment 6.4. 168 286 947 160 526 797 Assets under rights of use 6.5. 222 449 483 264 790 755 Investment property 6.9. 12 238 623 12 539 186 Investments in Associates and Joint Ventures 6.7. 5 441 211 5 481 859 Debt instruments at amortised cost 8.4. 906 817 1 443 650 Non-current Receivables 5.2. 11 187 338 10 227 350 Deferred Tax Assets 9.2.1. 9 098 759 9 207 174 Total non-current assets 525 902 903 563 731 813 Current Assets Inventories 5.1. 16 704 441 15 415 255 Income tax recoverable 9.1.2. 1 297 069 2 968 601 Debt instruments at amortised cost 8.4. 328 282 187 018 Current receivables 5.2. 25 303 373 37 918 728 Cash and bank deposits 8.5. 119 859 048 140 659 284 Total current assets 163 492 213 197 148 885 Group of assets classified as held for sale 6.8. – 396 898 Total Assets 689 395 116 761 277 596 EQUITY Share capital Share capital 8.1.1. 40 899 126 41 514 818 Own shares 8.1.2. -8 679 677 -2 696 712 Share premium 8.1.1. 29 900 789 29 900 789 Currency translation reserve 8.1.3. -23 289 076 -21 754 904 Legal reserve 8.1.3. 7 943 566 6 091 350 Retained earnings and other reserves 8.1.3. 255 018 258 275 660 797 Net profit for the year 8.1.3. 15 206 452 13 851 797 Equity attributable to shareholders of Ibersol 316 999 439 342 567 935 Non-controlling Interests 8.1.4. -30 938 2 114 Total Equity 316 968 501 342 570 049 LIABILITIES Non-current liabilities Borrowings 8.2. 20 353 438 13 221 336 Lease liabilities 8.3. 195 000 754 214 485 891 Deferred tax liabilities 9.2.2. 3 161 362 4 088 399 Other provisions 10.1. 17 461 455 505 Non-current payables 5.3. 5 523 3 704 Total non-current liabilities 218 538 538 232 254 836 Current Liabilities Borrowings 8.2. 5 664 536 15 739 644 Lease liabilities 8.3. 67 376 570 75 000 106 Current payables 5.3. 80 810 735 95 427 967 Income tax payable 9.1.2. 36 236 110 993 Total current liabilities 153 888 077 186 278 710 Liabilities directly associated with the group of assets classified as held for sale 6.8. – 174 002 Total Liabilities 372 426 615 418 707 547 Total Equity and Liabilities 689 395 116 761 277 596 The Board of Directors, Porto, 22nd April 2026 365