IBERSOL | Integrated Management Report | 2025

Individual Financial Statements STATEMENT OF CASH FLOWS FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (amounts in euros) Notes 2025 2024 Cash Flows from Operating Activities Receipts from clients - - Payments to supliers -220 776 -4 254 Staff payments -447 999 -385 859 Flows generated by operations -668 775 -390 113 Payments/receipt of income tax 619 820 540 012 Other paym./receipts related with operating activities -311 568 1 530 414 Flows from operating activities (1) -360 523 1 680 313 Cash Flows from Investment Activities Receipts from: Financial investments . Capital contributions to subsidiaries 5.1.2. - - Loans granted to subsidiaries 5.2. 19 700 000 7 100 000 Dividends received 7.5. 3 679 260 30 004 295 Financial investments - 272 836 Interest received 7.5. 3 755 337 8 550 846 Other assets Payments for: Financial investments Financial investments 5.1.1 - -50 000 Capital contributions to subsidiaries 5.1.2 -500 000 - Loans granted to subsidiaries 5.2. - -21 000 000 Flows from investment activities (2) 26 634 597 24 877 977 Cash flows from financing activities Receipts from: Borrowings obtained 7.2. - 5 000 000 Payments for: Borrowings obtained 7.2. -9 800 000 -11 600 000 Dividends paid 7.1.4. -28 539 062 -20 755 209 Interest and similar costs 7.5. -62 096 -190 335 Acquisition of own shares 7.1.2. -10 701 715 -5 231 174 Other financing activities Flows from financing activities (3) -49 102 874 -32 776 718 Change in cash & cash equivalents (4)=(1)+(2)+(3) -22 828 799 -6 218 428 Cash & cash equivalents at the start of the period 56 962 159 63 180 587 Cash & cash equivalents at end of the period 7.3. 34 133 360 56 962 159 The Board of Directors, Porto, 22nd April 2026 494