IBERSOL | Integrated Management Report | 2025

INTEGRATED MANAGEMENT REPORT 2025 7.3. Credit risk The Group main activity is sales paid for by cash or debit or credit card, so there are no significant concentrations of credit risk. In home sales through aggregators, these collect from customers and transfer the money by weekly summary within eight or fifteen days. With regard to customers, the risk is confined to the Catering business and loans to Franchisees, which represent around 5.8 % of consolidated turnover. The Group regularly monitors accounts receivable in order to: · Controlling credit granted to customers; · Analyzing the ageing and recoverability of receivables; · Analyzing the risk profile of customers. The Group has policies that limit the amount of credit that customers have access to, and there is no information on the rating assigned to these entities. Credit situations overdue for more than 30 days are subject to an analysis of future losses based on historical information and taking into account the commercial relationship established as well as the existing real guarantees, with adjustments being recognized for impairment losses. The Group’s cash and cash equivalents essentially include deposits arising from the cash generated by operations and the respective deposits in current accounts, as well as term deposits of between 1 month and 6 months, with the exception of the aforementioned TB’s from the Republic of Angola in the amount of 1.2 million euros, subject to country risk. Deposits and other financial investments are dispersed across several credit institutions, therefore there is no concentration of these financial assets. The ratings of the main credit institutions where the Ibersol group has deposits on 31 December 2025 and 2024 are presented as follows: 445