BREMBO N.V. ANNUAL

Business / Consolidation

PRINCIPLES AND BASIS OF CONSOLIDATION The Consolidated Financial Statements include the Financial Statements of the Parent, Brembo N.V., at 31 December 2025, and the Financial Statements of the companies controlled by Brembo N.V. pursuant to IFRS 10. Control arises when the Group is exposed, or has rights, to variable returns from its involvement with the investee and at the same time has the ability to influence those returns through its power over the said investee. Specifically, the Group controls an investee if, and only if, the Group has: power over the investee (i.e., existing rights that give the current ability to direct the relevant activities of the investee); exposure, or rights, to variable returns from its involvement with the investee; the ability to exert its power over the investee to influence its returns. It is generally presumed that the majority of voting rights confers control. In support of this assumption, where the Group holds less than the majority of voting rights (or similar rights), the Group considers all facts and circumstances relevant to determining whether it controls the investee, including the contractual agreements with the other vote-holders of the investee, rights arising from other contractual agreements and the Group’s actual and potential voting rights. The Group reconsiders whether it controls an investee if the facts and circumstances indicate that there have been changes in one or more of the three factors relevant to determining control. A subsidiary begins to be consolidated when the Group obtains control of it and ceases to be consolidated when the Group loses control. The assets, liabilities, revenues and costs of a subsidiary acquired or disposed of during the year are included in the Consolidated Financial Statements from the date the Group obtains control until the date the Group no longer controls the company. Income (loss) for the year and other comprehensive income components are allocated to the shareholders of the Parent and minority interests, even if this results in a negative balance for the minority interests. Where necessary, the appropriate adjustments are applied to the financial statements of subsidiaries, so as to ensure compliance with the Group’s accounting policies. All intra- group assets and liabilities, equity, revenues, costs and cash flows relating to transactions between Group entities