IBERSOL | Integrated Management Report | 2025

INTEGRATED MANAGEMENT REPORT 2025 The net financial result for 2025 was negative by 14.8 million euros, 3.1 million euros higher than that re- corded in 2024, due to increased lease interest and lower returns on financial investments. (Million euros) 12M 2025 12M 2024 var. 25 vs 24 12M 2025 w/o IFRS16 12M 2024 w/o IFRS16 var. w/o IFRS16 25 vs 24 Turnover 529,5 474,3 11,6% 529,5 474,3 11,6% External supplies and services 123,1 23,2% 129,6 27,3% -5,0% 204,7 38,7% 182,1 38,4% 12,4% Amortisation, depreciation and impairment losses of TFA, Rights of Use, Goodwill and IA 102,9 19,4% 72,2 15,2% 42,5% 31,2 5,9% 25,6 5,4% 22,2% EBIDTA 132,5 25,0% 95,7 20,2% 38,4% 50,8 9,6% 43,2 9,1% 17,7% margin 25,0% 20,2% +4,8 p.p. 9,6% 9,1% +0,5 p.p. 91