IBERSOL | Integrated Management Report | 2025

Individual Financial Statements 6.3. Liquidity risk Liquidity risk management involves maintaining sufficient cash and bank deposits, the viability of consolidating floating debt through an adequate amount of credit facilities and the ability to liquidate market positions. Cash requirements are managed on the basis of annual planning, which is reviewed quarterly and adjusted daily. In line with the dynamics of the underlying business, Ibersol treasury has been flexibly managing commercial paper and negotiating credit lines available at all times. 2025 < 1 year from 1 to 5 years > 5 years Borrowings – – – Other non-current liabilities 5 257 Accounts payable to suppliers and accrued costs 70 057 Other current liabilities 2 424 Total 72 481 - 5 257 2024 < 1 year from 1 to 5 years > 5 years Borrowings 9 832 442 – Other non-current liabilities Accounts payable to suppliers and accrued costs 39 248 Other current liabilities 2 317 Total 9 874 007 0 0 526