IBERSOL | Integrated Management Report | 2025

Individual Financial Statements 2025 2024 Profit before tax 9 553 008 38 674 587 Tax calculated at the tax rate applicable in Portugal (21.5%) 2 053 897 8 701 782 Tax effect generated by Dividends obtained (Non-taxable income) -791 041 -6 750 966 Tax benefits of the period -468 250 -442 774 Use of tax benefits generated in subsdiaries of the Group -103 080 -136 317 State surcharge 62 048 146 462 Insufficient (excess) tax estimate -1 227 856 134 387 Other effects -7 715 -22 316 Income tax -481 996 1 630 258 On 31 December 2025, the effective tax rate is 5.05% (4.22% in 2024). In accordance with current legislation, Ibersol’s tax returns are subject to review and can be corrected by the tax authorities for a period of four years in general terms, so the returns for 2022 to 2025 are still open. Ibersol’s management believes that corrections resulting from reviews or inspections by the tax authorities of these tax returns will not have a significant effect on the financial statements presented on 31 December 2025. 538