Construcciones y Auxiliar de Ferrocarriles, S.A 2025-12-31 Construcciones y Auxiliar de Ferrocarriles, S.A 2025-01-012025-12-31 Construcciones y Auxiliar de Ferrocarriles, S.A 2025-01-012025-12-31 Germany Construcciones y Auxiliar de Ferrocarriles, S.A 2025-12-31 Germany Construcciones y Auxiliar de Ferrocarriles, S.A 2025-01-012025-12-31 Austria Construcciones y Auxiliar de Ferrocarriles, S.A 2025-12-31 Austria Construcciones y Auxiliar de Ferrocarriles, S.A 2025-01-012025-12-31 Belgium Construcciones y Auxiliar de Ferrocarriles, S.A 2025-12-31 Belgium Construcciones y Auxiliar de Ferrocarriles, S.A 2025-01-012025-12-31 Bulgaria Construcciones y Auxiliar de Ferrocarriles, S.A 2025-12-31 Bulgaria Construcciones y Auxiliar de Ferrocarriles, S.A 2025-01-012025-12-31 Denmark Construcciones y Auxiliar de Ferrocarriles, S.A 2025-12-31 Denmark Construcciones y Auxiliar de Ferrocarriles, S.A 2025-01-012025-12-31 Slovakia Construcciones y Auxiliar de Ferrocarriles, S.A 2025-12-31 Slovakia Construcciones y Auxiliar de Ferrocarriles, S.A 2025-01-012025-12-31 Spain Construcciones y Auxiliar de Ferrocarriles, S.A 2025-12-31 Spain Construcciones y Auxiliar de Ferrocarriles, S.A 2025-01-012025-12-31 Estonia Construcciones y Auxiliar de Ferrocarriles, S.A 2025-12-31 Estonia Construcciones y Auxiliar de Ferrocarriles, S.A 2025-01-012025-12-31 France Construcciones y Auxiliar de Ferrocarriles, S.A 2025-12-31 France Construcciones y Auxiliar de Ferrocarriles, S.A 2025-01-012025-12-31 Greece Construcciones y Auxiliar de Ferrocarriles, S.A 2025-12-31 Greece Construcciones y Auxiliar de Ferrocarriles, S.A 2025-01-012025-12-31 Hungary Construcciones y Auxiliar de Ferrocarriles, S.A 2025-12-31 Hungary Construcciones y Auxiliar de Ferrocarriles, S.A 2025-01-012025-12-31 Italy Construcciones y Auxiliar de Ferrocarriles, S.A 2025-12-31 Italy Construcciones y Auxiliar de Ferrocarriles, S.A 2025-01-012025-12-31 Latvia Construcciones y Auxiliar de Ferrocarriles, S.A 2025-12-31 Latvia Construcciones y Auxiliar de Ferrocarriles, S.A 2025-01-012025-12-31 Lithuania Construcciones y Auxiliar de Ferrocarriles, S.A 2025-12-31 Lithuania Construcciones y Auxiliar de Ferrocarriles, S.A 2025-01-012025-12-31 Luxembourg Construcciones y Auxiliar de Ferrocarriles, S.A 2025-12-31 Luxembourg Construcciones y Auxiliar de Ferrocarriles, S.A 2025-01-012025-12-31 Norway Construcciones y Auxiliar de Ferrocarriles, S.A 2025-12-31 Norway Construcciones y Auxiliar de Ferrocarriles, S.A 2025-01-012025-12-31 Netherlands Construcciones y Auxiliar de Ferrocarriles, S.A 2025-12-31 Netherlands Construcciones y Auxiliar de Ferrocarriles, S.A 2025-01-012025-12-31 Poland Construcciones y Auxiliar de Ferrocarriles, S.A 2025-12-31 Poland Construcciones y Auxiliar de Ferrocarriles, S.A 2025-01-012025-12-31 Portugal Construcciones y Auxiliar de Ferrocarriles, S.A 2025-12-31 Portugal Construcciones y Auxiliar de Ferrocarriles, S.A 2025-01-012025-12-31 Czech Republic Construcciones y Auxiliar de Ferrocarriles, S.A 2025-12-31 Czech Republic Construcciones y Auxiliar de Ferrocarriles, S.A 2025-01-012025-12-31 Romania Construcciones y Auxiliar de Ferrocarriles, S.A 2025-12-31 Romania Construcciones y Auxiliar de Ferrocarriles, S.A 2025-01-012025-12-31 Sweden Construcciones y Auxiliar de Ferrocarriles, S.A 2025-12-31 Sweden Construcciones y Auxiliar de Ferrocarriles, S.A 2025-01-012025-12-31 Turkey Construcciones y Auxiliar de Ferrocarriles, S.A 2025-12-31 Turkey iso4217:EUR xbrli:pure

Public Country by Country Report (on income tax information)

Introduction

1 INTRODUCTION We prepare the public Country-by-Country Report in accordance with applicable legal requirements and transparency best practices. We prepare, publish, file and make available this consolidated report on corporation tax or other taxes of an identical or similar nature in accordance with applicable legal provisions, our best practices on transparency and the highest standards. Public Country-by-Country Report: The Directive on the Public Country-by-Country Report was formally adopted by the European Parliament in November 2021, with the aim of promoting transparency in the field of corporate taxation. The Directive requires large multinational groups with a presence in the European Union to disclose certain corporate tax information on their website, in line with BEPS Action 13 on Country-by-Country Reporting (including tax jurisdiction and activities, number of employees, revenue and profits, taxes paid and accrued, and retained earnings). This Directive has already been transposed into Spanish law through the eleventh additional provision of Law 22/2015 of 20 July on Statutory Audits, and applies to financial years beginning on or after 22 June 2024, whilst also establishing the obligation to file this report with the Commercial Registry together with the documents comprising the CAF Group’s annual accounts. Public Country-by-Country Report and the Global Minimum Taxation – Top-Up Tax: In addition to its intrinsic importance in terms of corporate tax transparency, as set out in the previous section, the Country-by-Country Report is currently of particular relevance in the context of Global Minimum Taxation. As a large multinational group, the CAF Group is subject to the Global Anti-Base Erosion (GloBE) Model Rules (Pillar Two). These standards were approved by the OECD/G20 within the framework of the Inclusive Forum on BEPS on 14 December 2021 and were endorsed, amongst others, by the Member States of the European Union. In accordance with these Model Rules, the Group is obliged to pay a supplementary tax on profits earned in any tax jurisdiction where its effective tax rate, calculated at the jurisdictional level and in accordance with the applicable rules, is below the 15% minimum. Legislation transposing the Model Rules has been approved in numerous jurisdictions in which the CAF Group operates. In this context, Directive (EU) 2022/2523 of 15 December 2022 has been incorporated into national law, affecting the CAF Group in particular through Law 7/2024 of 20 December and Provincial Regulation 3/2025 of the Historical Territory of Gipuzkoa of 24 November. In accordance with these regulations, the first financial year in which the new global minimum tax obligations apply to the CAF Group is the 2024 financial year, with the Group being subject to the provincial regulations of Gipuzkoa (although Law 7/2024 was applied on a transitional basis for the 2024 financial year, as the final approval of the provincial regulations was pending). The self-assessment tax return for this initial period must be filed in July 2026. The Group has analysed the potential impact of the minimum tax based on its latest tax returns, the Country-by-Country Report and the financial statements of its constituent entities. The CAF Group does not anticipate a significant impact on equity arising from these Model Rules in the 2024 and 2025 financial years. This is due to the concurrence, either individually or simultaneously, of any of the following circumstances in each jurisdiction in which it operates: an effective tax rate equal to or higher than the required minimum, a substantial presence of personnel and tangible assets that excludes income from the minimum tax, or low levels of revenue and profit. Public Country-by-Country Report and CAF Group Tax Transparency Report: Transparency of information is an integral part of our culture, our values and the way we do business. Guided by this principle, we are once again publishing our Tax Transparency Report as part of the Consolidated Non-Financial Statement and Sustainability Information, as a further demonstration of our commitment to accountability towards all our stakeholders, presenting significant information on profits earned by country and taxes on profits paid in the main locations where the CAF Group operates. This document describes our mission and commitment in tax matters, the key aspects of our tax management model, which guides our tax practices in accordance with the principles of prudence, responsibility and social commitment, and which is fully aligned with the principles of the Code of Conduct, the Sustainability Policy and the General Risk Control and Management Policy and, naturally, with the CAF Group’s Fiscal Policy. Public Country-by-Country Report and the Consolidated Annual Accounts and the Consolidated Non-Financial Statement and Sustainability Information: In accordance with applicable legislation, the Country-by-Country Report must be approved and published within six months of the end of the financial year to which it relates. It must also be filed with the Commercial Registry together with the documents forming part of the consolidated annual accounts. 2 DEFINITIONS AND CRITERIA We prepare the Country-by-Country Report applying the standards and criteria established by the OECD. Based on the information contained in the individual financial statements of the Group entities used to prepare the consolidated financial statements. Definitions and criteria applied in the preparation of the public Country-by-Country Report: Data source: The CAF Group has prepared the information included in the Country-by-Country Report by aggregating the information contained in the standalone financial statements of the Group companies, based on International Financial Reporting Standards (IFRS). Scope: The list of Group entities includes controlled entities that are fully consolidated, excluding those accounted for using the equity method. Permanent establishments are considered part of the tax jurisdiction in which they are located. Entities incorporated, acquired and/or disposed of during the financial year are also included in the scope, provided that their income, expenses, assets or liabilities have been consolidated in the Group’s consolidated financial statements for at least part of the financial year. Figures included in the public Country-by-Country Report: 1.- Revenue This category includes the following items from the profit and loss account: revenue (net turnover), other operating income and financial income, excluding dividends received from other constituent entities. As the data source considered is the aggregation of items obtained from the standalone financial statements prepared in accordance with IFRS, revenue from related parties is not eliminated and forms part of the total revenue reported. 2.- Profit (loss) before income tax Profit (loss) before tax is based on the individual financial statements prepared in accordance with IFRS and used in the preparation of the consolidated financial statements. In particular, profit (loss) before tax is presented excluding dividends from other group entities, consistent with their exclusion in the revenue section. Furthermore, impairment losses recognised or reversed during the financial year in investee companies that are part of the same tax consolidation group are also excluded. No information is provided regarding entities accounted for using the equity method. 3.-Income tax paid (on cash basis) This includes the net amount paid, i.e. payments less refunds. The items included are: corporation tax paid in tax returns and self-assessments, corporation tax paid as a result of tax audits (if any), withholding tax borne abroad by the entity subject to the withholding, and withholding tax deducted domestically on account of the tax. Late payment interest, surcharges and penalties relating to corporation tax are not included. For consistency with the sections on revenue and profit before tax, corporation tax paid in respect of dividends from other group entities is also excluded. 4.- Income tax accrued (current financial year) Current income tax expense is calculated for entities consolidated on a full-consolidation basis, excluding deferred tax. This item excludes current expense relating to dividends received from other consolidated entities. 5.- Retained earnings This figure includes retained earnings (reserves plus profit for the year) for each entity included in the scope of consolidation at the end of the financial year, excluding interim dividends. 6.- Number of employees This includes the average number of employees during the financial year, in accordance with the Country-by-Country Reporting guidelines, which allow the number of employees to be calculated both on the basis of the average during the financial year and the number at the end of the financial year.

Section 1. General information

Name of ultimate parent of group / of standalone companyConstrucciones y Auxiliar de Ferrocarriles, S.A.
Country of registered office of ultimate parent undertakingThe Kingdom of Spain
Date of start of financial year2025-01-01
Date of end of financial year2025-12-31
Reporting currencyEUR
Application of option to report in accordance with taxation reporting instructionsYes
Name and registered office of a single subsidiary undertaking which has published the report on income tax information of an undertaking that is not governed by the law of a Member State-
Name and address of a single branch which has published the report on income tax information of an undertaking that is not governed by the law of a Member State-
Language of reportenglish - en

Section 2. Overview of information on a country-by-country basis

Name of Member State or tax jurisdiction Country code of Member State or tax jurisdiction Revenues Profit (loss) before tax Income tax paid (on cash basis) Income tax accrued – current year Accumulated earnings Number of employees
Germany DE 227107969 1280128 -148556 525373 15640853 143
Austria AT 2586280 74377 500 2203 -146259 7
Belgium BE 20677781 -2374198 3407 38962 -112068 99
Bulgaria BG 444586 -1800 0 -103 0 3
Denmark DK 2403158 36002 0 0 49861 5
Slovakia SK 1421808 39255 8890 8518 104111 6
Spain ES 2895240594 43777409 15096172 17749271 975389676 8194
Estonia EE 3335380 114987 0 -152404 0 2
France FR 327021816 14600270 481623 2440444 38287650 910
Greece GR 3697572 29917 7147 16387 287273 4
Hungary HU 1288253 38171 1427 3436 299664 22
Italy IT 371097271 2573292 733108 793766 11713432 290
Latvia LV 1524584 -517965 127400 279804 911330 10
Lithuania LT 2722531 73178 15420 16266 176619 5
Luxembourg LU 80311 -6220 48520 0 158917 1
Norway NO 33727897 2153761 49164 64299 1381641 121
Netherlands NL 10903270 421934 263766 96483 492687 41
Poland PO 1201453825 69209705 6566335 20476572 91559350 3147
Portugal PT 1247230 82257 25667 17685 126621 14
Czech Republic CZ 5076849 143857 48587 21306 1855250 27
Romania RO 316851 15094 432 3502 189223 4
Sweden SE 310203219 6396318 13454 1025329 168277085 971
Turkey TR 475490 -832815 -13754 0 -455735 14
All other tax jurisdictions (aggregated basis)
953657429 99199533 51653438 48081839 188849617 3032

Section 3. List of subsidiaries and activities

Name of Member State or tax jurisdictionCountry code of Member State or tax jurisdictionName of subsidiary undertakings consolidated in financial statements of ultimate parent undertakingBrief description per country of nature of activities in Member State or tax jurisdiction
Germany DE CAF Deutschland GmbH Provision of services to associated entities
Germany DE Orbital Aerospace GmbH Provision of services to unrelated parties
Germany DE CAF Deutschland Real Estate GmbH Provision of services to associated entities
Germany DE Solaris Deutschland GmbH Sale, marketing or distribution and provision of services to unrelated parties and associated entities
Austria AT Solaris Austria, GmbH Provision of services to unrelated parties and associated entities
Belgium BE CAF Belgium, S.P.R.L Provision of services to unrelated parties and associated entities
Belgium BE Tram Liege Maintenance, S.A. Provision of services to unrelated parties
Belgium BE Solaris Belgium, S.R.L. Provision of services to unrelated parties and associated entities
Bulgaria BG ERTMS CA Voluyak DZZD, Joint Venture Provision of services to unrelated parties
Denmark DK Solaris Danmark Bus A/S Provision of services to unrelated parties and associated entities
Slovakia SK Solaris Slovakia, S.R.O. Provision of services to unrelated parties and associated entities
Spain ES Construcciones y Auxiliar de Ferrocarriles, S.A. Manufacturing or production and provision of services to unrelated parties
Spain ES CAF Power & Automation, S.L.U. Manufacturing or production
Spain ES Actren Mantenimiento Ferroviario, S.A. Provision of services to associated entities
Spain ES CAF Turnkey & Engineering, S.L.U. Provision of services to unrelated parties and associated entities
Spain ES CAF I+D, S.L.U. Research and development
Spain ES CAF Digital & Design Solutions, S.A.U. Provision of services to partner organisations
Spain ES Centro de Ensayos y Análisis Cetest, S.L. Provision of services to unrelated parties and associated entities
Spain ES Construcciones Ferroviarias de Madrid, S.L.U. Provision of services to unrelated parties and associated entities
Spain ES Geminys, S.L. Provision of services to unrelated parties and associated entities
Spain ES Lander Simulation and Training Solutions, S.A.U. Manufacturing or production
Spain ES Rail Line Components, S.L.U. Sales, marketing or distribution
Spain ES Sermanfer, S.A.U. Provision of services to associated entities
Spain ES Tradinsa Industrial, S.L. Provision of services to associated entities
Spain ES Trenes de Navarra, S.A.U. Manufacturing or production
Spain ES CAF Diversified Business Development, S.A.U. Ownership of shares or other equity instruments
Spain ES CAF Signalling, S.L.U. Manufacturing or production
Spain ES CAF Track Test Center, S.L.U. Provision of services to associated entities
Spain ES CAF Engineered Modernizations, S.L.U. Provision of services to associated entities
Spain ES CAF Rail Digital Services, S.L.U. Provision of services to unrelated parties and associated entities
Spain ES Orbital Sistemas Aeroespaciales, S.L.U. Provision of services to unrelated parties and associated entities
Spain ES CAF Signalling, S.L.S. Com. Manufacturing or production
Spain ES CAF Investment Projects, S.A.U. Ownership of shares or other equity instruments
Spain ES Solaris Bus Ibérica, S.L.U. Sale, marketing or distribution and provision of services to unrelated parties and associated entities
France FR CAF France, SAS Manufacturing or production
France FR CAF Reichshoffen, SAS Manufacturing or production
France FR Solaris France, S.A.R.L. Sales, marketing or distribution and provision of services to unrelated parties and associated entities
Greece GR CAF Greece Single Member, S.A. Provision of services to partner organisations
Greece GR Solaris Hellas, S.A. Provision of services to unrelated parties and associated entities
Hungary HU CAF Hungary Kft Provision of services to associated entities
Italy IT CAF Italia, S.R.L. Provision of services to unrelated parties and associated entities
Italy IT Rifer, S.R.L. Provision of services to unrelated parties
Italy IT Solaris Italia S.R.L. Sale, marketing or distribution and provision of services to unrelated parties and associated entities
Latvia LV Solaris Bus & Coach Latvia Ltd. Provision of services to unrelated parties and associated entities
Lithuania LT UAB Solaris Bus & Coach LT Provision of services to unrelated parties and associated entities
Luxembourg LU CAF Rail Luxembourg, S.A.R.L. Provision of services to associated entities
Norway NO CAF Norway AS Provision of services to associated entities
Norway NO Euromaint Rail AS Provision of services to unrelated parties
Norway NO Solaris Norge AS Sale, marketing or distribution and provision of services to unrelated parties and associated entities
Netherlands NL CAF Netherlands, B.V. Provision of services to unrelated parties and associated entities
Netherlands NL Solaris Netherlands, B.V. Provision of services to unrelated parties and associated entities
Poland PL CAF Polska sp. z.o.o. Provision of services to associated entitie
Poland PL Solaris Bus & Coach, sp. z.o.o. Manufacturing or production
Poland PL Solaris Interurban Bus, sp. z.o.o. Manufacturing or production
Portugal PT CAF Portugal Unipessoal Lda. Provision of services to associated entities
Czech Republic CZ Solaris Czech spol. S.R.O. Provision of services to unrelated parties and associated entities
Romania RO CAF Sisteme Feroviare, S.L.U. Provision of services to associated entities
Sweden SE EuroMaint Gruppen AB Ownership of shares or other equity instruments
Sweden SE Euromaint Rail AB Provision of services to unrelated parties
Sweden SE Euromaint Components & Materials AB Provision of services to unrelated parties and associated entities
Sweden SE Euromaint Bemanning AB Provision of services to associated entities
Sweden SE Solaris Sverige AB Sale, marketing or distribution and provision of services to unrelated parties and associated entities
Turkey TR CAFTurk Tren Sanayí Ve Tícaret Límíted Sirketí Provision of services to associated entities
Turkey TR CAF Sinyalizasyon Sistemleri Ticaret Limited Sirketi Provision of services to unrelated parties and associated entities
Turkey TR CAF S-Emre Ray Joint Venture Provision of services to unrelated parties

Section 4. Omitted information

Information omitted (if any) for this financial year
Information omittedInformation omitted, other tax jurisdictionsExplanation of reason for omission of information
Not applicableNot applicableNot applicable
Disclosure of information omitted for previous financial years
Not applicable

Section 5. Explanations for material discrepancies between income tax paid and accrued

Explanation of any material discrepancies between income tax paid and accrued

Conclusion