IBERSOL | Integrated Management Report | 2025

The estimates and underlying assumptions were determined based on the best knowledge existing at the date of approval of the financial statements of the events and transactions in progress, as well as the experience of past and/or current events. However, situations may occur in subsequent periods that were not foreseeable at the date of approval of the financial state- ments and were not considered in these estimates. Changes to estimates that occur after the financial statement date will be adjusted prospectively. For this reason, and given the degree of uncertainty involved, the actual results of the transactions in question may differ from the corresponding estimates. Changes to these estimates that occur after the date of the individual financial statements will be recognized in profit or loss on a prospective basis, as required by IAS 8. 3. Operational Performance 3.1. Revenue Accounting policies Revenue is measured at the amount the entity expects to be entitled to receive under the contract with the customer. Recognition The revenue recognition model is based on five steps of analysis in order to determine when revenue should be recognized and the amount to be recognized: 1) Identify the contract with the customer; 2) Identify the performance obligations; 3) Determine the transaction price; 4) Allocating the transaction price; and 5) Recognizing revenue. INTEGRATED MANAGEMENT REPORT 2025 503