IBERSOL | Integrated Management Report | 2025

CONSOLIDATED FINANCIAL STATEMENTS In 2024, the increase in expenses—rents and leases—primarily consisted of the amount related to AENA variable rents under contracts at airports in Spain which, as a result of Law 13/2021, were not subject to guaranteed minimum rents. In 2025, with the reinstatement of all lease agreements with AENA, the amount of increases refers only to variable rents. 5.3.4. Income to be recognized The breakdown of income to be recognized on 31 December 2025 and 2024, is as follows: dec/2025 dec/2024 Rappel 1 423 240 - Indemnity for local works 214 369 230 508 Investment subsidy 259 685 289 932 Others 480 831 215 550 Total income to be recognised 2 378 125 735 990 In 2025, the group received an advance payment due to future purchases of raw materials. 6. Investments 6.1. Business combinations Accounting policies The Group accounts for business combinations using the purchase method when the set of activities and assets acquired meets the definition of a business activity and control is transferred to the Group. In determining whether a specific set of activities and assets is a business activity, the Group assesses whether the set of assets and activities acquired includes, at a minimum, an input and an applied process that can contribute to creating an output. 410