IBERSOL | Integrated Management Report | 2025

Individual Financial Statements 8.3.1. Deferred tax assets Deferred tax assets at 31 December 2025 and 2024 are as follows: dec/2025 dec/2024 Tax benefit (capital increase) 29 400 58 800 RFAI tax benefit 1 354 710 836 584 CFEI II tax benefit 223 488 223 488 IFR tax benefit - 53 572 1 607 597 1 172 443 Movements in 2025 and 2024 under deferred taxes are as follows: dec/2025 dec/2024 01 January 1 172 443 2 590 279 Creation 1 353 070 2 269 999 Correction of previous years' taxes 1 225 102 - Utilization -2 143 018 -3 687 835 31 December 1 607 597 1 172 443 At 31 December 2025, there are 29,400 euros of tax benefits associated with the capital increase and 1,578,198 euros of undeduct- ed tax benefits to be used in subsequent years: 223,488 euros of CFEI II (deductible up to and including 2026), 1,058,449 euros of RFAI for year 2024 and 296,261 euros of RFAI for year 2025. It should be noted that RFAI credits have a reporting period of 10 tax periods. 540