IBERSOL | Integrated Management Report | 2025

CONSOLIDATED FINANCIAL STATEMENTS 4. Operational Performance 4.1. Revenue Accounting policies Revenue is measured at the amount the entity expects to be entitled to receive under the contract with the customer. Recognition The revenue recognition model is based on five analytical steps, in order to determine when revenue should be recognized and the amount to recognize: 1) Identify the contract with the customer; 2) Identify the performance obligations; 3) Determine the transaction price; 4) Allocating the transaction price; and 5) Revenue recognition. Revenue is recognized only when the performance obligation is satisfied, which depends on whether the performance obli- gations are satisfied over time or whether control over the good or service is transferred to the customer at a point in time. Revenue is recognized as follows: Sale In Group’s sales of goods, there is only one performance obligation and therefore revenue is recognized immediately upon delivery of the goods to the customer. A performance obligation corresponds to a commitment to deliver goods or services to customers that are distinct from each other. 384