IBERSOL | Integrated Management Report | 2025

CONSOLIDATED FINANCIAL STATEMENTS Standards Change Date of application Amendments for translating financial information into hyperinflationary currencies On 13 November 2025, the International Accounting Standards Board (the IASB or Board) issued amendments to IAS 21 - The Effects of Changes in Foreign Exchange Rates, that clarify how companies should translate financial statements from a non-hyperinflation- ary currency into a hyperinflationary one. The amendments apply for annual reporting periods beginning on or after 1 January 2027 and applies retrospectively. Earlier appli- cation is permitted. 1 January 2027 The adoption of the standards and amendments endorsed by the European Union and of mandatory application for annual periods beginning on or after 1 January 2025 did not result in significant impacts on the consolidated financial statements. Except for the amendment to IFRS 18, the impacts of which are currently being assessed, the adoption of the new standards and interpretations already endorsed by the EU and of mandatory application on 1 January 2026, as well as of the new stand- ards and interpretations not yet endorsed by the EU is not expected to have a material impact on the Group’s consolidated financial statements. 2.3. Relevant accounting estimates and judgments Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expec- tations about future events that are believed to be reasonable under the circumstances. Estimates, assumptions and circumstances will, by definition, seldom match the actual results reported. The estimates and as- sumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are: 380