IBERSOL | Integrated Management Report | 2025

INTEGRATED MANAGEMENT REPORT 2025 On 27 December 2024, following an agreement with the Gallaecia Group, 25% of the share capital of Sapidum Ferrolterra SL, Original Chicken Compostela SL, Gut & Schnell SL, Frisch Vigo SL, Frisch Pontevedra SL and Lecker Ourense SL was acquired, which together operate 10 KFC restaurants in the Galicia area. Under the terms of this agreement, Ibersol has an option to acquire the remaining 75% of the companies’ share capital and an option to sell its current 25% stake, to be exercised in 2028. Under the terms of the agreement, Ibersol has joint control over these companies. See note 6.7. and note 13. Disposals In the year ended 31 December 2025, there were no disposals of companies. On 31 January 2024, the Group sold the subsidiary Belsai, Restauração S.A. 2. Basis of preparation of the financial information 2.1. Bases of presentation 2.1.1. Approval of the financial statements The financial statements were approved by the Board of Directors and authorized for issue on 22 April 2026. The shareholders have the right not to approve the accounts authorized for issue by the Board of Directors and to propose their amendment. 2.1.2. Accounting standards These consolidated financial statements were prepared in accordance with the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) and with the interpretations issued by the International Financial Reporting Interpretations Committee (IFRIC) or by the previous Standards Interpretation Committee (SIC), as adopted and effective in the European Union on 1 January 2025. In the case of Group companies using different accounting standards, conversion adjustments were made to the IFRS. 371