IBERSOL | Integrated Management Report | 2025
CONSOLIDATED FINANCIAL STATEMENTS Changes in lease liabilities Changes in fiscal years 2025 and 2024 in lease liabilities are presented as follows: 2025 2024 1 January 289 485 998 229 007 968 Variations with impact in cash flows: Lease payments -76 467 892 -49 157 660 Variations with no impact in cash flows: Increases due to business combinations - 20 611 795 Interest for the period from updating lease liabilities 15 511 517 14 805 610 Lease increases 34 087 904 75 922 864 Contracts terminations / shop closings -109 710 -1 515 825 Others -130 493 -188 753 31 December 262 377 324 289 485 998 Lease payments include 60,956,376 euros (34,352,050 euros in 2024) of principal and 15,511,516 euros (14,805,610 euros in 2024) of interest. In 2024, increases due to business combinations (note 6.1), relate to 35 space lease contracts and 16 equipment financial leases. In 2024, the value of the increases corresponds to 29 new leases, 45 renewals and 8 extensions of space leases. In Spain, the in- creases include the reactivation of the contracts for the previous spaces at Barcelona Airport and the new contracts for Malaga, Madrid and Barcelona Airports. In 2025, additions relate to 20 new leases, 35 renewals and 22 extensions. In addition, the effect of remeasuring contracts due to rent updates by the Consumer Price Index and other changes in the expected lease payments also contributed. 462
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