Gestamp Automoción S A : 2025 Consolidated Financial Statements

About this update from Gestamp Automocion S.a.

This document is a translation into English of an original document drafted in Spanish. This document contains: Consolidated Annual Financial Statements of the Company and its subsidiaries for Fiscal Year 2025, drawn up by the Board of Directors at its meeting of February 26, 2026; Consolidated Management Reports of the Company and the companies included in its scope of consolidation drawn up by the Board of Directors at its meeting of February 26, 2026; and the signing page and the Responsibility Statement of the Directors of the Company. This translation is for information purposes only, therefore, it is not considered as financial information. In case of discrepancy, the Spanish version shall prevail. The Spanish version of this document is available on the official website of the Company ( https://www.gestamp.com ). Gestamp Automoción, S.A. and its subsidiaries Auditor's report Consolidated annual accounts as at 31 December 2025 Consolidated management report This version of our report is a free translation of the original, which was prepared in Spanish. All possible care has been taken to ensure that the translation is an accurate representation of the original. However, in all matters of interpretation of information, views or opinions, the original language version of our report takes precedence over this translation. Independent auditor's report on the consolidated annual accounts To the shareholders of Gestamp Automoción, S.A.: Report on the consolidated annual accounts Opinion We have audited the consolidated annual accounts of Gestamp Automoción, S.A. (the Parent company) and its subsidiaries (the Group), which comprise the balance sheet as at 31 December 2025, and the profit or loss account, statement of comprehensive income, statement of changes in equity, cash flow statement and related notes, all consolidated, for the year then ended. In our opinion, the accompanying consolidated annual accounts present fairly, in all material respects, the equity and financial position of the Group as at 31 December 2025, as well as its financial performance and cash flows, all consolidated, for the year then ended, in accordance with International Financial Reporting Standards as adopted by the European Union (IFRS-EU) and other provisions of the financial reporting framework applicable in Spain. Basis for opinion We conducted our audit in accordance with legislation governing the audit practice in Spain. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated annual accounts section of our report. We are independent of the Group in accordance with the ethical requirements, including those relating to independence, that are relevant to our audit of the consolidated annual accounts in Spain, in accordance with legislation governing the audit practice. In this regard, we have not rendered services other than those relating to the audit of the accounts, and situations or circumstances have not arisen that, in accordance with the provisions of the aforementioned legislation, have affected our necessary independence such that it has been compromised. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Key audit matters Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the consolidated annual accounts of the current period. These matters were addressed in the context of our audit of the consolidated annual accounts as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. https://www.pwc.es 1 PricewaterhouseCoopers Auditores, S.L. Torre PwC, P.º de la Castellana 259 B, 28046 Madrid, España Tel.: +34 915 684 400 / +34 902 021 111 R. M. Madrid, hoja M-63.988, folio 75, tomo 9.267, libro 8.054, sección 3.ª Inscrita en el R.O.A.C. con el número S0242 - NIF: B-79031290 Key Audit Matters How our audit address the key audit matters Assessment of the recovery of the carrying amount of the Group's property, plant and equipment As detailed in note 11, the accompanying consolidated financial statements present property, plant and equipment amounting to 5.082.701 thousand euros as of December 31, 2025. At the end of the year, the Group's management assesses the recoverable value of property, plant and equipment and makes valuation adjustments whenever there is objective evidence that the carrying amount of property, plant and equipment is not recoverable. When the asset under analysis does not generate cash flows independent of other assets, the recoverable value of the cash-generating unit (CGU) in which the asset has been included is estimated. As detailed in notes 6.7 and 11 of the accompanying consolidated financial statements, the amount of the valuation adjustment is the difference between its carrying amount and the recoverable amount, understood as the greater of its fair value less costs to sell and the present value of the future cash flows generated by the CGU. The key assumptions considered for the determination of the present value of cash flows are detailed in note 11 of the accompanying financial statements. This area is key because it involves the existence of significant estimates on the key assumptions used in the calculations made by the Group's management for the assessment of the recovery of the carrying amount of the Group's property, plant and equipment, which, if different, may have a significant impact on the consolidated financial statements. We have gained an understanding of the processes linked to the evaluation of the carrying amount recovery of property, plant and equipment by the Group's management, including those related to the determination of the key assumptions considered in management's estimates. For the Group's cash-generating units (CGUs) with signs of impairment, we have assessed, with the collaboration of our valuation experts, the adequacy of the valuation models used, as well as the key assumptions and estimates used to determine the cash flows considered by the Group's management. We have also checked the mathematical accuracy of the calculations and models prepared by management and have compared the recoverable amount calculated by management with the net book value of property, plant and equipment. Finally, we have assessed whether the disclosures included in note 11 of the accompanying consolidated financial statements in relation to this issue are adequate with respect to those required by the applicable accounting regulations. As a result of our procedures, no essential observations have been revealed to be noted. Evaluation of the recovery of the value of consolidation goodwill As detailed in note 10, the accompanying consolidated financial statements present consolidation goodwill amounting to 142.504 thousand euros as of December 31, 2025. We have conducted an understanding of the processes related to the evaluation of the carrying amount recovery of consolidation goodwill by Group management, including those related to the determination of the key assumptions considered in management's estimates. 2 Gestamp Automoción, S.A. and its subsidiaries At the end of the year, the Group's management assesses the recoverable value of the consolidation goodwill, and makes the valuation adjustments whenever there is objective evidence that the carrying amount of the consolidation goodwill is not recoverable. For recoverable value calculations, the Group uses cash flow projections based on financial budgets prepared by management that require relevant judgements and estimates. The key assumptions used by the Group's management and the sensitivity analyses carried out are summarised in note 10 of the accompanying consolidated financial statements. Deviations from the assumptions considered in management's estimates may lead to significant variations in the conclusions reached and, therefore, in the goodwill recoverability analysis. These facts make this area a key issue for our audit. For the Group's consolidation goodwill, we have evaluated, with the collaboration of our valuation experts, the adequacy of the valuation models used, as well as the key assumptions and estimates used to determine the cash flows considered by the Group's management in determining the recoverable value of such consolidation goodwill. We have also checked the mathematical accuracy of the calculations and models prepared by management and have compared the recoverable amount calculated by management with the net book value of the consolidation goodwill. Finally, we have assessed whether the disclosures included in note 10 of the accompanying consolidated financial statements in relation to this issue are adequate with respect to those required by the applicable accounting regulations. As a result of our procedures, no essential observations have been revealed to be noted. Assessing the recoverability of deferred tax assets from tax credits The consolidated balance sheet as of December 31, 2025 shows 612.045 thousand euros of deferred tax assets, of which 236.937 thousand euros correspond to tax credits, as indicated in note 24 of the accompanying consolidated financial statements. As indicated in note 7.1 to the accompanying consolidated financial statements, deferred tax assets are recognised to the extent that it is likely that there will be a tax benefit against which they can be used in view of the tax legislation in force and the latest approved strategic plans. Determining the amount of deferred tax assets that can be recorded requires management to make meaningful estimates of the reasonable time of recovery and the level of future tax benefits. The significant estimates and judgements made in the aforementioned projections of future tax bases, used to estimate the recoverable amount of deferred tax assets, are why we consider this matter a key issue in our audit. Our analysis on this issue has begun with an understanding of the methodology applied and the criteria used by the Group for estimating the recoverability of deferred tax assets. Based on the strategic plans, which are based on the plans and budgets approved by the Group's management, we have analysed whether the calculations and estimates made by the Group, as well as the conclusions reached, in relation to the amount that is considered likely to be recovered from deferred tax assets, are consistent with current tax regulations. the Group's expectations of future fiscal results, as well as estimates used in other areas, such as asset impairment tests. Finally, we have checked the breakdowns in the accompanying consolidated financial statements regarding the recoverability of these assets based on the regulatory framework for financial reporting applicable to the Group. As a result of our procedures, no essential observations have been revealed to be noted. 3 Gestamp Automoción, S.A. and its subsidiaries

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