IBERSOL | Integrated Management Report | 2025

FINANCIAL PERFORMANCE The financial autonomy ratio in 2025 remains at a similar level to that observed at the end of 2024, standing at 46.0%. CAPEX and Investments In 2025, CAPEX reached €37.2 million, corresponding to investment in: - Expansion: value corresponding to 22 new restaurants opened in 2025 and 4 restaurants opened by the end of 2024 (21.2 million euros); - Renovations: 33 units in Portugal, Spain and Angola (6.8 million euros); - Ongoing and other current investments totalling 9.2 million euros. Consolidated Financial Position (Million euros) 31/12/2025 31/12/2024 Var. Total Assets 689,4 761,3 -71,9 TOTAL EQUITY 317,0 342,6 -25,6 Loans 26,0 29,0 -2,9 Liability for leases 262,4 289,5 -27,1 Other liabilities 84,0 100,3 -16,2 Total Equity and Liabilities 689,4 761,3 -71,9 96