IBERSOL | Integrated Management Report | 2025

Movements in loans to subsidiaries During the years ended 31 December 2025 and 2024, the movement in the value of loans to subsidiaries was as follows: Ibersol Restauração, S.A. Restmon Iberpret, S.A. Total 01 January 2024 117 008 996 0 0 117 008 996 Changes with impact on cash flows: Increases 20 500 000 500 000 21 000 000 Decreases -7 100 000 -7 100 000 Changes with no impact on cash flows: Merge 31 December 2024 130 408 996 500 000 0 130 908 996 Changes with impact on cash flows: Increases 0 Decreases -19 700 000 -19 700 000 Changes with no impact on cash flows: Others 31 December 2025 110 708 996 500 000 0 111 208 996 In 2024 and 2025, the decrease corresponds to the repayment of loans granted, as shown in the cash flow statement. The increases in 2024 relate to new loans granted for capitalization, strengthening the financial position of subsidiaries, and in- vestment. INTEGRATED MANAGEMENT REPORT 2025 521