IBERSOL | Integrated Management Report | 2025

INTEGRATED MANAGEMENT REPORT 2025 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (amounts in euros) Attributable to equity holders Note Share Capital Own Shares Share Premium Legal Reserves Translation Reserve Other Reserves & Retained Earnings Net Profit Total Non- controlling interests Total Equity Balance as at 1 January 2024 42 359 577 -3 244 008 29 900 789 4 236 428 -21 494 673 287 597 084 15 537 446 354 892 642 31 446 354 924 088 Changes for the period: Application of the 2023 consolidated result: Transfer to reserves and retained earnings 1 854 922 13 682 524 -15 537 446 – – Capital decrease 8.1.1. -844 759 5 778 469 -4 933 710 – – Purchase of own shares 8.1.2. -5 231 174 -5 231 174 -5 231 174 Conversion reserves - Angola -260 231 -260 231 -260 231 Other changes in non-controlling interests 70 110 70 110 70 110 Consolidated net profit for the year ended 31 December 2024 13 851 797 13 851 797 -29 332 13 822 465 Total changes for the period -844 759 547 295 – 1 854 922 -260 231 8 818 924 -1 685 649 8 430 502 -29 332 8 401 170 Consolidated net profit 13 851 797 13 851 797 -29 332 13 822 465 Consolidated comprehensive income 13 591 566 -29 332 13 562 234 Transactions with equity holders in the period Appropriation of consolidated net profit for 2023 Dividends distributed 8.1.5. -20 755 209 -20 755 209 -20 755 209 Balance on 31 December 2024 41 514 818 -2 696 712 29 900 789 6 091 350 -21 754 904 275 660 797 13 851 797 342 567 935 2 114 342 570 049 Balance as at 1 January 2024 41 514 818 -2 696 712 29 900 789 6 091 350 -21 754 904 275 660 797 13 851 797 342 567 935 2 114 342 570 049 Changes in the period: Application of consolidated result 2024: Transfer to reserves and retained earnings 1 852 216 11 999 581 -13 851 797 – – Capital decrease 8.1.1. -615 692 4 718 750 -4 103 058 – – Purchase of own shares 8.1.2. -10 701 715 -10 701 715 -10 701 715 Conversion reserves - Angola -1 534 172 -1 534 172 -1 534 172 Other changes in non-controlling interests 0 0 0 Consolidated profit for the year ended 31 December 2025 15 206 452 15 206 452 -33 052 15 173 400 Total changes for the period -615 692 -5 982 965 – 1 852 216 -1 534 172 7 896 523 1 354 655 2 970 565 -33 052 2 937 513 Consolidated net profit 15 206 452 15 206 452 -33 052 15 173 400 Consolidated comprehensive income 13 672 280 -33 052 13 639 228 Transactions with equity holders in the period Appropriation of consolidated net profit for 2024 Dividends distributed 8.1.5. -28 539 062 -28 539 062 -28 539 062 Balance on 31 December 2025 40 899 126 -8 679 677 29 900 789 7 943 566 -23 289 076 255 018 258 15 206 452 316 999 439 -30 938 316 968 501 The Board of Directors, Porto, 22nd April 2026 367