IBERSOL | Integrated Management Report | 2025

CONSOLIDATED FINANCIAL STATEMENTS BK sale receivable amount Under the purchase agreement signed with Burger King Portugal, the earn-out process was completed in February 2025 follow- ing the fulfillment of the extension program for certain contracts; only one receivable remains, relating to the ASA Norte contract, which at 31 December 2025, is estimated to be 359,985 euros. Non-current financial assets The balance relates essentially to the Labor Compensation Fund. State and other public entities The balance relates essentially to VAT recoverable in the amount of 3,778,996 euros at 31 December 2025 (4,135,661 euros in 2024). 5.2.1. Clients Essentially, balances from Catering and Franchising activities (direct merchandise or through the logistics operator and royal- ties) amounting, respectively, to about 3.4 million euros and 2.4 million euros on 31 December 2025 (5.4 million euros and 2.7 million euros in 2024). Concerning clients debts, their ageing is as follows: dec/2025 dec/2024 Debt not due 3 531 172 4 274 159 Debt due: For less than 1 month 991 384 1 639 948 From one to three months 1 358 806 1 294 007 Over three months 3 033 641 3 412 761 Total Clients 8 915 003 10 620 875 Accumulated impairment losses -2 321 563 -2 521 534 6 593 440 8 099 341 Impairment is recognized on all customer debt with expected credit losses associated with default risk. During the period, impairment increased by 64,000 euros and decreased by 263,971 euros (in 2024, increased 142,305 euros and decreased 220,047 euros). 404