IBERSOL | Integrated Management Report | 2025

FINANCIAL PERFORMANCE Turnover In 2025, despite a context of macroeconomic and geopolitical uncertainty, the restaurant market re- corded sales growth, both in Portugal and Spain. The growth in Portugal appears to be sustained by increased in-home consumption, with sales through aggregators growing by double digits. Sales in shopping centres, where the Group has a strong pres- ence, also recorded moderate growth, albeit due to higher average ticket rather than increased traffic. The Spanish market performed worse, with distinct performances across segments (QSR grew 2.5% while casual dining lost 2.8%). Airport traffic, a relevant indicator given the weight of the Travel segment in the Group, recorded growth of 4.7% in Portugal and 4% in Spain (after a strong increase of 9% in 2024), a sign that we consider pos- itive regarding the evolution of tourism in the Iberian Peninsula. The Group recorded a turnover growth of 11.6% in 2025. This performance results from the: - Integration of KFC units via acquisition of NRS in July 2024 (3.9%); - Like-for-like (LfL) growth, which reached 3.1%; - Operating in permanent formats at Madrid and Tenerife Airports (1.2%); - Contribution of expansion (3.5%) The turnover of “Continued Operations” reached 529.5 million euros in 2025, exceeding the 474.3 million euros of the same period of the previous year. 4. Consolidated Financial Performance 84