IBERSOL | Integrated Management Report | 2025

INTEGRATED MANAGEMENT REPORT 2025 In 2025, the Ibersol Group recorded a series of significant events that shaped the evolution of its ac- tivities, financial performance, and the consolidation of its position across the different geographies in which it operates. These events can be synthesised into the following pillars: organic growth, interna- tional expansion, network development in concessions and airports, financial robustness, shareholder remuneration policy, and the reinforcement of the people and sustainability agenda. In Portugal, the portfolio, network, and expansion dynamics were reflected in the strengthened presence of KFC and Taco Bell, with the inauguration of new restaurants that increased the capillarity of these brands. In Spain, this dynamic was evident through important growth milestones, such as the openings of KFC and Pret A Manger units, alongside other specific units in the travel segment. Also as part of our international expansion and consolidation, it is worth highlighting the consolidation of our positions in concessions and airports in Spain, as evidenced by the transition to definitive concession agreements at Madrid and Tenerife airports. Across Spanish airports, international brands such as Pret a Manger, KFC, Pizza Hut and other chains continued to expand, particularly in Barcelona, strengthening the presence in the travel retail sector and the exposure to tourism in southern Europe. Furthermore, regarding international expansion, the openings in Angola should be noted; the Group re- inforced its presence there with three new restaurants – two Pizza Hut (Kilamba and Viana) and one KFC (Kilamba) – representing an investment of approximately two million dollars. 1 .3 Main events 9