IBERSOL | Integrated Management Report | 2025

FINANCIAL PERFORMANCE Amortisations, depreciations,TangibleAssets impairment losses, right ofuseandGoodwill Amortisations, depreciations, impairment losses of fixed assets, right-of-use assets, and goodwill to- talled €102.9 million, representing an increase of €30.7 million compared to the same period in 2024. Amortisations of right-of-use assets amounted to €72.5 million, an increase of €23.8 million compared to the same period in 2024, of which €22.5 million corresponds to the right-of-use assets from the Bar- celona concession contracts, which expire in May 2026. These Barcelona contracts were reactivated at the end of 2024 and therefore did not impact the 2024 amortisations. EBITDA The EBITDA for 2025 reached €132.5 million, exceeding the 2024 figure by €36.7 million. The EBITDA margin rose to 25.0% of turnover (4.8 p.p. above the same period last year), but more than half of this deviation (€22.1 million) originates from the accounting change relating to the Barcelona Airport con- tracts, mentioned above. EBITDA without applying IFRS 16 standards would be €50.8 million, corresponding to an EBITDA mar- gin of 9.6%, representing an improvement of 0.5 percentage points compared to 2024. 90