IBERSOL | Integrated Management Report | 2025

CONSOLIDATED FINANCIAL STATEMENTS 2018 2019 2020 2021 2023 2024 2025 Total Spain 26 228 6 397 116 23 141 511 14 326 948 2 229 962 4 360 670 2 050 618 52 533 053 Total 26 228 6 397 116 23 141 511 14 326 948 2 229 962 4 360 670 2 050 618 52 533 053 Regarding the tax losses carried forward from Spain, with no expiration date for deduction, detailed above, the Group did not recognize deferred tax assets on tax losses carried forward generated in Spain amounting to 19,944,249 euros (corresponding to a deferred tax amount of 4,986,062 euros), as there is no reasonable assurance as to the recoverability of such tax losses carried forward. In the analysis of the recoverability of deferred tax assets, the Group took into consideration the best estimates of future taxable income projections and the existence of taxable temporary differences against which tax losses, tax credits and deductible tempo- rary differences can be used. Business plans were prepared which, considering the Spanish taxation rules and the specificities of the group of companies, formed the basis for the recoverability assessment. The business plans were approved by management and are based on projections from external entities, such as Eurocontrol in the case of traffic, as well as being consistent with the business plans that served as the basis for the impairment analyses of the Group’s assets. Deferred tax assets relating to tax losses carried forward are presented as follows: Limit year of use unlimited Total Reportable tax losses Spain 32 588 805 32 588 805 Deferred tax assets Spain 8 147 201 8 147 201 476