IBERSOL | Integrated Management Report | 2025

CONSOLIDATED FINANCIAL STATEMENTS 2025 2024 M+MP Initial Inventory 15 490 236 13 260 270 Currency translation -372 520 -40 359 Purchases 126 794 635 119 025 364 Inventory adjustment -4 627 287 -3 981 180 Closing inventories M+MP 16 779 422 15 490 236 Cost of goods sold and materials consumed 120 505 642 112 773 859 The value of inventory adjustments refers, fundamentally, to employee meals at the workplace (note 4.3.2.) and other adjust- ments. 5.2. Accounts receivable Accounting policies Recognition and measurement Trade and other receivables Trade and other receivables are recognized initially at fair value and subsequently measured at amortized cost using the effective interest method, less impairment adjustment. Assets measured at amortised cost A financial asset is measured at amortized cost if the objective inherent to the business model is achieved by collecting the related contractual cash flows and if the underlying contractual cash flows represent only payments of principal and interest. Assets in this category are initially recognized at fair value and subsequently measured at amortized cost. Loans and receivables are generally held for the purpose of collecting contractual cash flows and it is expected that the underlying contractual cash flows represent only payments of principal and interest and therefore meet the requirements for measurement at amortized cost under IFRS 9. 400