Cabka N.V. ANNUAL

Business / Consolidation

3.1 Basis of Consolidation 3.1.1 Subsidiaries The consolidated financial statements comprise the financial figures of the Company and its subsidiaries as of December 31, 2025 . Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Subsidiaries are fully consolidated, from the date on which control is transferred to the Group. They are deconsolidated from the date that control ceases. Profit or loss and each component of Other Comprehensive Income (OCI) are attributed to the equity holders of the parent of the Group and to the non-controlling interests, even if this results in the non-controlling interests having a deficit balance. When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies in line with the Group’s accounting policies. 3.1.2 Transactions Eliminated on Consolidation All intragroup assets and liabilities, equity, income, expenses, and cash flows relating to transactions between members of the Group are eliminated in full on consolidation. 3.1.3 Changes in Ownership Structure A change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction.