IBERSOL | Integrated Management Report | 2025

INTEGRATED MANAGEMENT REPORT 2025 dec/2025 dec/2024 Non current Commercial Paper - - - - Current Commercial Paper - 9 832 442 Financing commissions - - – 9 832 442 Total borrowings obtained – 9 832 442 For Commercial Paper Programs, when there is a termination date, we consider maturity on that date, regardless of the terms for which they are contracted. Movements in borrowings Movements in 2025 and 2024 under current and non-current borrowings, excluding finance leases and bank overdrafts, are as follows: 2025 2024 01 January 9 832 442 16 383 361 Changes with impact on cash flows: Borrowings obtained - 5 000 000 Financial debt payments -9 800 000 -11 600 000 Interest payments -62 096 - Changes with no impact on cash flows: Accrued interest and others 29 654 49 081 31 December 0 9 832 442 531