IBERSOL | Integrated Management Report | 2025

INTEGRATED MANAGEMENT REPORT 2025 (Million euros) 31/12/2025 31/12/2024 Var. Total loans 26,0 29,0 -2,9 Cash and bank deposits -119,9 -140,7 -20,8 Other current and non-current assets -1,2 -1,6 -0,4 Net Bank Debt -95,1 -113,3 -18,3 Liability for leases 262,4 289,5 -27,1 Net Debt 167,3 176,2 -8,9 Equity 317,0 342,6 -25,6 Gearing (Net Debt/Net Debt + Equity) 35% 34% Bank loans, which amount to 26.0 million euros, decreased by 2.9 million euros due to repayments made. Net Debt Net debt (which includes lease liabilities) amounted to €167.3 million, which represents a reduction of €8.9 million compared to the amount owed at the end of 2024. Lease liabilities amount to €262.4 million. 97