IBERSOL | Integrated Management Report | 2025

Revenue is recognized only when the performance obligation is satisfied, which depends on whether the performance obliga- tions are satisfied over time or if, on the contrary, control over the good or service is transferred to the customer at a given time. Revenue is recognized as follows: Services rendered Revenue from the provision of services is recognized according to the percentage of completion or based on the contract pe- riod when the provision of services is not associated with the execution of specific activities, but with the continuous provision of the service. The amount of services rendered recognized in the income statement is as follows: 2025 2024 Rendered services - internal market 1 098 000 1 044 000 Renderes services 1 098 000 1 044 000 The value of this item relates entirely to the service contract with Ibersol Restauração S.A. (note 10). 3.2. Operating income and expenses Accounting policies Expenses and income are recorded in the period to which they refer, regardless of whether they are paid or received, in accord- ance with the accrual accounting principle. The differences between the amounts received and paid and the corresponding income and expenses are recognized as assets or liabilities, if they qualify as such. Individual Financial Statements 504