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Distribution of profit

At the meeting held on 16th May 2024, the General Assembly approved the following distribution of profits:

Distribution basis
Profits for the financial year (following allocations made to the Education and Promotion Fund, and after taxes) 134.778 millions of euros
Interest on shareholder contributions to share capital 52.897 millions of euros
Total distributable or net surplus available 81.881 millions of euros

Distribution of surplus
Compulsory Reserves Fund 16.376 millions of euros
Voluntary Reserves Fund 50.517 millions of euros
Education and Promotion Fund - Mandatory 8.188 millions of euros
Education and Promotion Fund - Voluntary 6.800 millions of euros
Total distributed 81.881 millions of euros