IBERSOL | Integrated Management Report | 2025

INTEGRATED MANAGEMENT REPORT 2025 8.1.3. Reserves and retained earnings Currency conversion reserve The currency conversion reserve corresponds to the accumulated amount related to the appropriation by the Group of exchange rate differences resulting from the translation of the financial statements of subsidiaries operating outside the Euro zone. Legal reserve Commercial legislation establishes that at least 5% of the annual net income must be allocated to reinforce the legal reserve until it represents at least 20% of the share capital. This reserve cannot be distributed except in the event of liquidation of the com- pany. It may, however, be used to absorb losses, after the other reserves have been exhausted, or incorporated into the capital. In the periods presented, the legal reserve is not constituted by its maximum limit. Retained earnings and other reserves This item refers to reserves constituted through the transfer of results from previous periods, the reduction of share capital and other movements. The amount of the group’s unavailable reserves amounts to 8,679,677 euros and concerns own shares held by the group. The amounts to be distributed to shareholders are calculated based on the company’s individual accounts, which show the amount of 179,596,688 euros available. There are no limitations on Ibersol’s ability to access or use the group’s assets and settle liabilities, other than those that may result from the law. 8.1.4. Non-controlling interests In the financial year ended 31 December 2025 and 2024, non-controlling interests and their movements are detailed as follows: 451