IBERSOL | Integrated Management Report | 2025

3.2.3. Gains or losses relating to investments In 2024, Ibersol sold its subsidiary Belsai, as note 5.1.1, the resulting gain is presented as follows: 2025 2024 Gains or losses relating to investments Added value on the sale of Belsai subsidiary 5 604 195 025 5 604 195 025 Gains or losses relating to investments 5 604 195 025 2.1.1. Other operating income/(expenses) Other expenses and other operating income breakdown in 2025 and 2024 is presented as follows: Other operating expenses 2025 2024 Direct/indirect taxes not affecting the operating activity 44 215 61 788 Taxes 313 2 448 Bank services 37 530 58 602 Other operating expenses 14 781 4 811 96 838 127 648 Other operating income Gains from increase in fair value (swap) - - Supplementary income - 430 0 430 Other operating income / (expenses) -96 838 -127 218 INTEGRATED MANAGEMENT REPORT 2025 507