Enagás S A : Financial Statements 2025 Enagás Financiaciones

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Audit Report on Financial Statements issued by an Independent Auditor ENAGAS FINANCIACIONES, S.A.U. Financial Statements and Management Report for the year ended December 31, 2025 The better the question. The better the answer. The better the world works. Shape the future with confidence Shape the future with confidence Ernst & Young, S.L. C/ Raimundo Fernandez Villaverde, 65 28003 Madrid Tel: 902 365 456 Fax: 915 727 238 ey.com AUDIT REPORT ON FINANCIAL STATEMENTS ISSUED BY AN INDEPENDENT AUDITOR Translation of a report and financial statements originally issued in Spanish. In the event of discrepancy, the Spanish-language version prevails (See Note 17) To the Sole Shareholder of ENAGAS FINANCIACIONES, S.A.U.: Report on the financial statements Opinion We have audited the financial statements of ENAGAS FINANCIACIONES, S.A.U. (the Company), which comprise the balance sheet as at December 2 1, 2025, the income statement, the statement of chanqes in equity, the cash flow statement, and the notes thereto for the year then ended. In our opinion, the accompanying financial statements give a true and fair view, in all material respects, of the equity and financial position of the Company as at December 31, 2025 and of its financial performance and its cash flows for the year then ended in accordance with the applicable regulatory framework for financial information in Spain (identified in Note 2 to the accompanying financial statements) and, specifically, the accounting principles and criteria contained therein. Basis for opinion We conducted our audit in accordance with prevailing audit regulations in Spain. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit o f the financial sfdtements section of our report. We are independent of the Company in accordance with the ethical requirements, including those related to independence, that are relevant to our audit of the financial statements in Spain as required by prevailing audit regulations. In this regard, we have not provided non-audit services nor have any situations or circumstances arisen that might have compromised our mandatory independence in a manner prohibited by the aforementioned requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Domicilio Sucial: Calle de RaimunJo Fernandez Villaverde, 65.28003 Madrid - Inscrita e‹* el Registro Mercantil de Madrid. tomo 9.364 General. 8.130 de la seccidn 3* del Libro de Sociedades, folio 68, hoja n° 87.690-1, inscription I" C.I.F. B-78970506. A memb 0 I fir nJ of Ems I & °oufJ q Glo bad Lim I I ed Shape the future 2 with confidence Key audit matters Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our audit opinion thereon, and we do not provide a separate opinion on these matters. Recording of financing activities Description Enagâs Financiaciones, S.A.U. is primarily engaged in issuing debt instruments and obtaining financing for the purpose of granting loans and other credit facilities to Enagâs Group companies. Therefore, most of the liabilities on its balance sheet correspond to debentures and other marketable securities, which relate primarily to the aforementioned debt issues. In addition, assets on the balance sheet are mainly comprised of loans granted to various Enagâs Group companies. These transactions are significant in view of their amount and the complexity of recognizing them for accounting purposes. We have considered this area as a key audit matter since due to the Company issues debt instruments and grants loans to Group companies as its main business activity, as well as the significance of the amounts recorded on the balance sheet. The information reqarding the valuation standards applied and the corresponding breakdowns is included in notes 4.1.1, 4.1.2,5 and 9 of the financial statements. Our response Our audit procedures in this regard included, among other, the following: Understanding the Company's processes for issuing financial debt, as well as for granting loans to Enagâs Group companies, evaluation of the design and implementation of the relevant controls established in the processes and verification of the operational effectiveness of said controls. Reviewing debt instrument issues to verify that they have been correctly amortized, interest has been properly calculated and paid, and that they have been correctly classified as long or short term. Analyzing and reviewing loan agreements between group companies to verify that loans and credit facilities have been correctly amortized, interest has been properly calculated and paid, and that they have been correctly classified as long or short-term. Testing interest income from loans and financial expenses from bond issues, verifying their reasonableness against contractual documents. Reviewing the disclosures included in the notes to the financial statements in conformity with the applicable financial reporting framework. Other information: manaqement report Other information refers exclusively to the 2025 management report, the preparation of which is the responsibility of the Company's directors and is not an integral part of the financial statements. A member I irm of Ernst & Young Global Limited. Shape the future 3 with confldence Our audit opinion on the financial statements does not cover the management report. Our responsibility for the management report, in conformity with prevailing audit regulations in Spain, entails: Checking only that the non-financial statement and certain information included in the Corporate Governance Report and in the Board Remuneration Report, to which the Audit Law refers, were provided as stipulated by applicable regulations and, if not, disclose this fact. Assessing and reporting on the consistency of the remaining information included in the management report with the financial statements, based on the knowledge of the entity obtained during the audit, in addition to evaluating and reporting on whether the content and presentation of this part of the management report are in conformity with applicable regulations. If, based on the work we have performed, we conclude that there are material misstatements, we are required to disclose this fact. Based on the work performed, as described above, we have verified that the information referred to in paraqraph a) above is provided as stipulated by applicable requlations and that the remaining information contained in the management report is consistent with that provided in the 2025 financial statements and its content and presentation are in conformity with applicable requlations. Responsibilities of the directors and the audit committee for the financial statements The directors are responsible for the preparation of the accompanyinq financial statements so that they qive a true and fair view of the equity, financial position and results of the Company, in accordance with the regulatory framework for financial information applicable to the Company in Spain. and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The audit committee is responsible for overseeing the Company's financial reporting process. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with prevailing audit regulations in Spain will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A member firm of Ernst & Young Global Limited Shape the future 4 with confidence As part of an audit in accordance with prevailing audit regulations in Spain, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. Evaluate the appropriateness of accountin 9 policies used and the reasonableness of accounting estimates and related disclosures made by management. Conclude on the appropriateness of the director's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern. Evaluate the overall presentation, structure dnd content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with the audit committee of the Company regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide the audit committee of the Company with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all matters that may reasonably be thought to bear on our independence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with the audit committee of the Company, we determine those matters that were of most significance in the audit of the financial statements of the current period and are therefore the key audit matters. /Ye describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter. A member firm of Ernst 8 Young Global Limited er

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