IBERSOL | Integrated Management Report | 2025

CONSOLIDATED FINANCIAL STATEMENTS Depreciation Depreciation of investment properties is calculated using the straight-line method, in order to allocate their cost to their residual value, based on their estimated useful life of 20 years. Investment properties, which at 31 December 2025 and 2024 totaled 12,238,623 euros and 12,539,186 euros, respectively, relate to 9 real estate assets under lease with Burger King Portugal, where Burger King restaurants operate. The rental value of these assets amounted to 692,057 euros in 2025 (677,235 euros in 2024). Movements in investment properties During the year ended on 31 December 2025, themovement in the Investment properties, as well as in the respective amortizations, was as follows: 440