Chat with Filing

Ask questions about this document
Please log in or register to use the chat feature. Please register first.
IR - the Interim Consolidated Financial Information for the first half of 2025

Company: Mota-Engil Date: 2025-08-27 Language: English Register to download
Loading document preview...
Document Preview Not Available

The file type (.pdf) cannot be displayed directly here.
Open Original File
Error loading document preview. Please try the 'Open Original File' link.
You're One Click Away From The Full Filing

Instantly access this document—and 2.8M more—for free. Select your preferred method:
Continue with Google Continue with Microsoft Continue with Facebook Continue with Amazon
1

## INSPIRING **Beyond Cultures**

**INTERIM CONSOLIDATED FINANCIAL INFORMATION 2025**

# **Table of Contents**

INSPIRING **Beyond Cultures**

2

#### **Part ONE – Interim Consolidated Management Report**

| 1.1 | Economic and financial environment                 | 7  |
|-----|----------------------------------------------------|----|
| 1.2 | Analysis of the economic and financial performance | 8  |
| 1.3 | Analysis by business unit                          | 15 |
| 1.4 | Sustainability and social responsibility           | 21 |
| 1.5 | Mota-Engil in the stock market                     | 27 |
| 1.6 | Outlook                                            | 28 |
| 1.7 | Relevant facts after the end of the period         | 29 |

#### **Part TWO – Interim Consolidated Financial Information**

| 2.1 | Consolidated income statements by natures             | 33 |
|-----|-------------------------------------------------------|----|
| 2.2 | Consolidated statements of other comprehensive income | 34 |
| 2.3 | Consolidated statements of financial position         | 35 |
| 2.4 | Consolidated statements of changes in equity          | 36 |
| 2.5 | Consolidated statements of cash-flows                 | 37 |
| 2.6 | Notes to the consolidated financial statements        | 38 |
| 2.7 | Appendix A                                            | 54 |

RELATÓRIO ÚNICO 2024

#### **Part THREE – Mandatory Information**

![](_page_2_Picture_0.jpeg)

![](_page_2_Picture_1.jpeg)

RELATÓRIO ÚNICO 2024

INTERIM CONSOLIDATED FINANCIAL INFORMATION 2025

3

### **1. INTERIM CONSOLIDATED MANAGEMENT REPORT**

INSPIRING **Beyond Cultures**

![](_page_3_Picture_1.jpeg)

INTERIM CONSOLIDATED FINANCIAL INFORMATION 2025

4

### INSPIRING **Beyond Cultures Highlights**

## **14.7Billion Euros**

Backlog of 14.7 billion euros, a decrease of 6% compared to December 2024

**2,745 Million Euros**

Turnover of 2,745 million euros, an increase of 0.5% compared to the first half of 2024

## **448 Million Euros**

5

EBITDA of 448 million euros, an increase of 13% compared to the first half of 2024, with a margin of 16%

![](_page_4_Picture_7.jpeg)

Consolidated net profit of the period of 59 million euros, an increase of 20% compared to the first half of 2024, with a margin of 2.2%

**1,695 Million Euros**

RELATÓRIO ÚNICO 2024

Net debt of 1,695 million euros, with a Net debt / EBITDA LTM ratio of 1.68x

![](_page_4_Picture_11.jpeg)

Gross debt of 2,968 million euros, with a Gross debt / EBITDA LTM ratio of 2.95x

![](_page_4_Picture_13.jpeg)

Capex of 194 million euros, of which 80% assigned to medium and longterm contracts and to growth

**776 Million Euros**

Total equity of 776 million euros, with a total equity / total assets ratio of 10%

#### **Income Statement**

(Thousand euros)

|                                                                                                              | 1H25      | % T    | ∆        | 1H24      | % T    |
|--------------------------------------------------------------------------------------------------------------|-----------|--------|----------|-----------|--------|
| Sales and services rendered (Turnover - T)                                                                   | 2,745,197 |        | 0.5%     | 2,732,346 |        |
| EBITDA(*)                                                                                                    | 448,203   | 16.3%  | 13.1%    | 396,345   | 14.5%  |
| Amortizations and depreciations, impairment losses and<br>provisions                                         | (150,746) | (5.5%) | 5.6%     | (159,673) | (5.8%) |
| EBIT(**)                                                                                                     | 297,457   | 10.8%  | 25.7%    | 236,672   | 8.7%   |
| Net financial results (***)                                                                                  | (116,806) | (4.3%) | (23.0%)  | (95,001)  | (3.5%) |
| Gains / (losses) in associates and joint ventures                                                            | (4,996)   | (0.2%) | (269.2%) | 2,952     | 0.1%   |
| Gains / (losses) on the acquisition and disposal of subsidiaries,<br>joint ventures and associated companies | 2,925     | 0.1%   | (86.9%)  | 22,246    | 0.8%   |
| Income before taxes                                                                                          | 178,581   | 6.5%   | 7.0%     | 166,870   | 6.1%   |
| Consolidated net profit of the period                                                                        | 120,643   | 4.4%   | 1.9%     | 118,352   | 4.3%   |
| Attributable to:                                                                                             |           |        |          |           |        |
| Non-controlling interests                                                                                    | 61,207    | 2.2%   | (11.3%)  | 69,016    | 2.5%   |
| Group                                                                                                        | 59,435    | 2.2%   | 20.5%    | 49,336    | 1.8%   |

(\*) EBITDA corresponds to the algebraic sum of the following captions of the consolidated income statement by natures: "Sales and services rendered"; "Cost of goods sold, materials consumed and changes in production"; "Third-party supplies and services"; "Wages and salaries"; and "Other operating income / (expenses)".

(\*\*) EBIT corresponds to the algebraic sum of EBITDA with the following captions of the consolidated income statement by natures: "Amortizations and depreciations", "Impairment losses" and "Provisions".

(\*\*\*) Net financial results correspond to the algebraic sum of the following captions of the consolidated income statement by natures: "Financial income and gains" and "Financial costs and losses".

#### 1.1 Economic and financial environment

In the first half of 2025, the global economy continued to face a series of challenges and opportunities. However, despite the persistence of the armed conflicts between Ukraine and the Russian Federation, between Israel and Hamas, and the uncertainty regarding the impacts of the new U.S. trade policy (unilateral application of trade tariffs to several countries), the global economic growth remained at a moderate level.

In this context, by the end of 2025, the Organization for Economic Co-Operation and Development (OECD) projects a global growth of 3.1%, 0.1 p.p. below the observed in 2024 (3.2%). On the other hand, global inflation continues to show signs of deceleration, with the International Monetary Fund (IMF) forecasting a rate of 4.2% for 2025, compared with 4.9% recorded in 2024. Regarding Eurozone inflation, it is expected to stand at 2.3%, compared with 2.7% in the previous year.

With regard to Portugal, the forecasts for 2025 point to an economic growth of 2.3%, an improvement compared to the 1.9% recorded in 2024. As for inflation, it is estimated at 2.3%, down from 2.7% in the previous year.

Regarding the monetary policy, in the first half of 2025, the main central banks adopted a more expansionary stance. Thus, the U.S. Federal Reserve lowered its reference interest rates to 4.50%, while the European Central Bank reduced its rates to 2.15%.

In relation to the main commodities, in the first half of 2025, oil and natural gas prices recorded moderate changes. The price of oil registered a slight decrease of 5%, while natural gas fell 6%, thus contributing to a lower inflationary pressure.

Considering the above referred economic and financial environment, the activity of Mota-Engil Group in the first half of 2025 was influenced by both global and local factors, reflected in its operations and results, as detailed throughout this report.

![](_page_7_Figure_1.jpeg)

![](_page_7_Figure_2.jpeg)

(\*) Includes others, eliminations and intragroup

In the first half of 2025, the Group's turnover (\*\*) amounted to 2,745 million euros, an increase of circa of 0.5% compared to the first half of 2024 (2,732 million euros), once again reaching a record high in this indicator. For this performance, it is worth highlighting the strong contribution of the Africa – E&C business unit, namely from the Industrial Engineering Services, which recorded a 59% growth, and the already anticipated slowdown in the Latin America – E&C business unit, which contracted 27%, following the completion of the projects associated with the Tren Maya.

Nevertheless, despite the performance of the Group's main business units in the first half of 2025, the Latin America – E&C business unit remained the largest contributor to the Group's turnover, with 40% (54% in the first half of 2024), followed by Africa – E&C with 38% (24% in the first half of 2024) and the Environment business unit with 11% (10% in the first half of 2024).

Lastly, during the first half of 2025, the Engineering and Construction (E&C) business (excluding the Industrial Engineering Services component) represented 74% of the Group's turnover (82% in the first half of 2024).

RELATÓRIO ÚNICO 2024

(\*\*) Turnover corresponds to the consolidated income statement by natures caption of "Sales and services rendered".

![](_page_8_Figure_1.jpeg)

In the first half of 2025, supported by a higher profitability of its main businesses, driven by a selective commercial approach and a continuous operational optimization, the Group's BITDA reached 448 million euros, an increase of 13% compared to the first half of 2024 (396 million euros). This performance was mainly driven by the outstanding accomplishment of Africa – E&C, which grew 77%. Therefore, as a result of the evolution of both EBITDA and turnover, in the first half of 2025, the EBITDA margin (EBITDA / Turnover) reached 16% (15% in the first half of 2024).

On the other hand, in the first half of 2025, the E&C business (excluding the Industrial Engineering Services component) contributed with 62% to the Group's BITDA (71% in the first half of 2024).

With regard to EBIT, it amounted in the first half of 2025 to 297 million euros (237 million euros in the first half of 2024), a 26% increase, mainly driven by the improvement in EBITDA.

Thus, the EBIT margin (EBIT / Turnover) in the first half of 2025 reached 11%, a 2 p.p. increase compared to the first half of 2024.

![](_page_9_Figure_1.jpeg)

- E&C maintenance capex
- E&C growth capex

(\*) Capex corresponds to the algebraic sum of the increases and disposals of tangible assets, intangible assets and right of use assets occurred in the period, excluding those related with the concessions business in Mexico.

(\*\*) Medium and long-term (MLT) contracts correspond to the industrial engineering services executed by Africa – E&C and to the contracts associated with the energy business in Latin America – E&C.

In the first half of 2025, reflecting a disciplined approach, the Group's capex amounted to 194 million euros (37%), a decrease of 115 million euros compared to the first half of 2024 (309 million euros), representing circa of 7% of the turnover.

In the first half of 2025, reflecting a disciplined approach, the Group's capex amounted to €194 million (37%), a decrease of €115 million compared to the first half of 2024 (€309 million), representing approximately 7% of turnover.

On the other hand, in the first half of 2025, it is worth highlighting the following: (i) the ratio E&C maintenance capex / E&C turnover was lower than 1%; (ii) 80% of the capex was allocated to medium and long-term contracts (MLT) and to growth, namely in Mozambique, Ivory Coast and Mali; and (iii) the Environment business unit carried out investments of 9 million euros, of which 89% allocated to the waste treatment and recovery segment (EGF).

![](_page_10_Figure_1.jpeg)

At 30 June 2025, net debt 1) amounted to 1,695 million euros, a decrease of 37 million euros compared to 31 December 2024, which together with the operational performance of the semester, allowed that the ratio comparing net debt with the EBITDA of the last twelve months reached 1.7x (1.8x at 31 December 2024), below the level established in the Group's Strategic Plan (<2x).

At 30 June 2025, net debt added by factoring and suppliers payment management operations 2), as well as leasing operations 3) , amounted to 2,346 million euros, a reduction of 64 million euros compared to 31 December 2024.

Gross debt 4) added by factoring and suppliers payment management operations, as well as leasing operations, at 30 June 2025 amounted to 2,968 million euros (a reduction of 14 million euros compared to 31 December 2024).

Additionally, gross debt presented an average maturity of 2.8 years, 75% is denominated in euros and 72% is exposed to floating interest rates.

On the other hand, the ratio that compares gross debt added by factoring and suppliers payment management operations, as well as leasing operations, with the EBITDA of the last 12 months reached 2.9x (3.1x at 31 December 2024), below the level established in the Group's Strategic Plan (<4x).

Lastly, at 30 June 2025, the Group maintained 273 million euros in contracted but unused credit lines, leading to a total liquidity 5) of 895 million euros, which exceeds the non-revolving liabilities maturing over the next three years.

3) Leasing operations are recorded in the consolidated statement of financial position under the captions "Lease liabilities".

<sup>1)</sup> Net debt corresponds to the algebraic sum of the following captions of the consolidated statement of financial position: "Cash and cash equivalents without recourse - Demand deposits", "Cash and cash equivalents with recourse – Demand deposits", "Other financial applications", "Other financial investments recorded at amortized cost", "Loans without recourse" and "Loans with recourse". It should be noted that the leasing, factoring and suppliers payment management operations established by the Group are not recorded under the aforementioned captions.

<sup>2)</sup> Factoring and suppliers payment management operations are recorded in the consolidated statement of financial position under the captions "Other financial liabilities".

<sup>4)</sup> Gross debt corresponds to the algebraic sum of net debt with the balances of the following captions of the consolidated statement of financial position: "Cash and cash equivalents without recourse – Demand deposits", "Cash and cash equivalents with recourse – Demand deposits", "Other financial applications" and "Other financial investments recorded at amortized cost".

<sup>5</sup>) Liquidity corresponds to the algebraic sum of the following captions of the consolidated statement of financial position: "Cash and cash equivalents without recourse - Demand deposits", "Cash and cash equivalents with recourse – Demand deposits", "Other financial applications" and "Other financial investments recorded at amortized cost" with the amount of contracted but unused credit lines by the Group.

![](_page_11_Figure_1.jpeg)

In the first half of 2025, net financial results amounted to -117 million euros, a change of -22 million euros compared to the first half of 2024 (-95 million euros), justified, among other factors, by the negative variation in the interest income.

Regarding net financial charges (interest expenses – interest income), these reached in the first half of 2025 -128 million euros, an amount higher than the one achieved in the first half of 2024 (-78 million euros), mainly justified by the change in the consolidation method of some Mexican concessions at 30 June 2024 and by the reduction, in the first half of 2025, of the term deposits and loans granted by Mota-Engil Mexico.

![](_page_12_Figure_1.jpeg)

In the first half of 2025, the caption Gains / (losses) in associates and joint ventures (EM) contributed with -5 million euros to the net profit (3 million euros in the first half of 2024), negatively affected by some concession companies, namely in Angola and in Mexico, which are still in a early stage of their activity.

Regarding Income tax (Tax), it amounted in the first half of 2025 to 58 million euros (49 million euros in the first half of 2024), partially reflecting the higher income before taxes generated.

Finally, regarding Non-controlling interests (NCI), these amounted to 61 million euros in the first half of 2025, a decrease of 8 million euros compared to the first half of 2024 (69 million euros), explained, essentially, by the lower net profit generated in Mexico, where the Group holds a partnership with a minority shareholder.

Thus, as a result of the operational and financial performance achieved, the consolidated net profit of the period attributable to the Group in the first half of 2025 reached 59 million euros, an increase of 20% compared to the first half of 2024 (49 million euros), reaching a record high regarding this indicator, with net margin1) reaching 2.2% (1.8% in the first half of 2024).

1) Net margin corresponds to the quotient between the following captions of the consolidated income statement by natures: "Consolidated net profit of the period attributable to the Group" and "Sales and services rendered".

![](_page_13_Figure_1.jpeg)

Backlog \*) at 30 June 2025 amounted to 14.7 billion euros, a decrease of 6% compared to 31 December 2024. Nevertheless, it is worth highlighting the volume of new awards raised during the semester, which reached approximately 1.7 billion euros, mainly from large-scale projects. On the other hand, at 30 June 2025, the Africa – E&C and Latin America – E&C business units accounted for circa of 91% of the total backlog.

The above-mentioned performance was influenced, among others, by the award of the following projects:

- Industrial engineering project in Armenia;
- Two offshore oil platform maintenance service projects in Brazil;
- Construction of a deep-water port in Congo; and
- Extension of the urban waste collection services contract in Oman.

Therefore, at 30 June 2025, the ratio "Backlog / Turnover" of the E&C business in the last twelve months reached 2.7x, not yet including a set of new contracts awarded in Portugal, Mexico and Rwanda after that date amounting to €1.36 billion.

Additionally, the Industrial Engineering Services already represent 26% of the total backlog, thereby ensuring growth and the achievement of predictable margins, both in the present and in the future, having those contracts an average duration of 5 years, with the possibility of extensions.

Furthermore, at 30 June 2025, the Group's core markets contributed with 68% to its E&C backlog, with Angola being the market with the largest share (21%), followed by Mexico (16%) and by Nigeria (12%).

Lastly, at 30 June 2025, the Environment business unit contributed with 341 million euros to the Group's backlog, not including the foreseeable revenues arising from waste treatment and recovery contracts of EGF concession companies and Clean Eburnie (landfill in Ivory Coast).

RELATÓRIO ÚNICO 2024

(\*) Contracts awarded and signed to be executed. IE – Industrial Engineering

#### 1.3 Analysis by business unit

#### Africa – E&C

![](_page_14_Figure_3.jpeg)

Africa – E&C business unit includes the engineering and construction activity, as well as the provision of Industrial Engineering Services, developed by the Group, mainly, in Angola, Mozambique, Ivory Coast, Rwanda, Uganda, South Africa, Guinea-Conakry, Nigeria and Senegal.

In the first half of 2025, Africa – E&C turnover reached 1,047 million euros, a significant increase of 59% compared to the first half of 2024 (659 million euros), driven by the railway project in Nigeria, infrastructure construction projects in Angola, and an 87% increase in Industrial Engineering Services.

In this context, it is worth highlighting the markets of Angola, South Africa, Ivory Coast, Nigeria and Guinea-Conakry, which recorded turnover increases of more than 20% between semesters. On the other hand, in the first half of 2025, Angola, Mozambique, Ivory Coast and Nigeria contributed with 58% to the Africa – E&C turnover (67% in the first half of 2024).

Regarding operating profitability, Africa – E&C EBITDA in the first half of 2025 amounted to 255 million euros, an increase of 77% compared to the first half of 2024 (145 million euros), with the EBITDA margin reaching 24% (22% in the first half of 2024), reflecting improvements both in the E&C business and in the Industrial Engineering Services.

Additionally, in the first half of 2025, it is worth noting that Angola, Mozambique, Ivory Coast and Nigeria contributed with 61% to the Africa – E&C EBITDA (62% in the first half of 2024).

Finally, in the first half of 2025, the Industrial Engineering Services contributed with 357 million euros to the turnover of Africa – E&C (34% of the total), with an EBITDA of 102 million euros and an EBITDA margin of 29% (compared to 191 million euros, 29%, 53 million euros and an EBITDA margin of 28%, respectively, in the first half of 2024).

#### Latin America – E&C

![](_page_15_Figure_2.jpeg)

Latin America – E&C business unit includes the engineering and construction activity developed by the Group, mainly, in Mexico, Peru, Brazil and Colombia. In addition, it also comprises the power generation and commercialization business in Mexico and the management and operation of several concessions in Mexico and Colombia.

In the first half of 2025, as a result of the completion of the majority of the projects associated with Tren Maya in the last semester of 2024, the turnover of Latin America – E&C amounted to 1,091 million euros, a decrease of 27% compared to the first half of 2024 (1,487 million euros).

Additionally, in the first half of 2025, Mexico contributed with 86% to the turnover of Latin America – E&C (89% in the first half of 2024).

With regard to operating profitability, Latin America – E&C EBITDA in the first half of 2025 reached 105 million euros, a decrease of 37% compared to the first half of 2024 (168 million euros).

Finally, even negatively affected by the conclusion of the majority of the projects associated with the Tren Maya, the EBITDA margin of Latin America – E&C in the first half of 2025 reached 10% (11% in the first half of 2024).

#### Europe - E&C

![](_page_16_Figure_2.jpeg)

Europe – E&C business unit includes, essentially, the engineering and construction activity developed by the Group in Portugal.

In the first half of 2025, although impacted by the delay in the awarding of some projects, resulting from the unexpected early elections in Portugal, Europe – E&C turnover amounted to 242 million euros, a decrease of 18% compared to the first half of 2024 (297 million euros), or, an increase of 11% if we exclude the contribution of Poland in the first half of 2024 (79 million euros).

With regard to operating profitability, Europe – E&C EBITDA in the first half of 2025 reached 19 million euros, a decrease of 13% compared to the first half of 2024 (22 million euros), or, an increase of 4% if we exclude the contribution of Poland in the first half of 2024 (4 million euros).

RELATÓRIO ÚNICO 2024

Lastly, the EBITDA margin of Europe – E&C in the first half of 2025 reached 8% (7% in the first half of 2024).

![](_page_17_Figure_1.jpeg)

#### ENVIRONMENT

.

Environment business unit is divided into the following subsegments: (i) Waste treatment and recovery (whose vehicle is EGF); (ii) Urban waste collection (activity mainly developed by Suma); and (iii) International (with presence mainly in Angola, Ivory Coast, Brazil and Oman).

In the first half of 2025, the Environment turnover reached 304 million euros, a significant increase of 15% compared to the first half of 2024 (264 million euros), mainly driven by the Urban waste collection and International subsegments.

With regard to operating profitability, the Environment EBITDA in the first half of 2025 amounted to 65 million euros, a strong increase of 20% compared to the first half of 2024 (54 million euros), benefiting from an improved performance across all subsegments.

Lastly, the EBITDA margin of the Environment business unit in the first half of 2025 reached 22% (21% in the first half of 2024).

![](_page_18_Figure_1.jpeg)

![](_page_18_Figure_2.jpeg)

Capital business unit is divided into the following subsegments: (i) Services (which comprise essentially the operation and maintenance services provided by Mota-Engil Ativ); (ii) Concessions (activity in Portugal and Poland); (iii) Tourism (activity in Portugal); and (iv) Mobility (decentralized energy production and electric vehicle charging in Portugal, Spain and Poland).

In the first half of 2025, the Capital turnover amounted to 46 million euros, an increase of 9% compared to the first half of 2024 (42 million euros), positively impacted by the 9% growth of the Services subsegment. Additionally, in the first half of 2025, the Services and Concessions subsegments contributed with 98% to the Capital turnover (100% in the first half of 2024).

With regard to operating profitability, the Capital EBITDA in the first half of 2025 amounted to -2.0 million euros, an improvement of 0.8 million euros compared to the first half of 2024 (-2.8 million euros).

RELATÓRIO ÚNICO 2024

Lastly, the EBITDA margin of the Capital business unit in the first half of 2025 reached -4% (-7% in the first half of 2024).

![](_page_19_Figure_1.jpeg)

MEXT business unit is divided into the following subsegments: (i) Innovation and development (which comprises essentially the internal departments of the sub-holding dedicated to innovation, transformation and investment); (ii) Real estate (activity in Portugal and in Central Europe until September 2024); (iii) Agroforestry (activity in Angola and Malawi); (iv) Mining (activity mainly developed in Africa); and (v) Energy (activity in Portugal and Africa).

In the first half of 2025, the MEXT turnover amounted to 16 million euros, a decrease of 5 million euros compared to the first half of 2024 (21 million euros), impacted by the disposal in 2024 of the real estate business in Poland (11 million euros in the first half of 2024).

With regard to operating profitability, the MEXT EBITDA in the first half of 2025 amounted to 5.7 million euros, a decrease of 1.5 million euros compared to the first half of 2024 (7.2 million euros), impacted, essentially, by the disposal of the Real estate business in Poland.

RELATÓRIO ÚNICO 2024

Lastly, the EBITDA margin of MEXT in the first half of 2025 reached 37% (34% in the first half of 2024).

MEXT

#### 1.4 Sustainability and social responsibility

The sustainable development theme is today a global concern and challenge, and as such, Mota-Engil Group is aware of the fundamental role that companies play in the pursuit of a sustainability agenda. Based on its purpose, in which "Our legacy inspires and commits us to building a better world", its ambition is to be "A global company focused on delivering value to all stakeholders in a sustainable way."

![](_page_20_Picture_3.jpeg)

The Mota- ngil Group's Strategic Plan "BUILDING 26 | For a Sustainable Future" covers the 2022-2026 period and identifies five strategic axes and five objectives that will support the achievement of the ambitions set for 2026. Among these five axes, the integration of "Sustainability and Innovation" stands out, as a clear demonstration of the key role that companies play in implementing a sustainability agenda. Therefore, the goal is achieve a superior performance and strengthen our competitive position as a Group, leveraging the stability and cohesion provided by our strategic shareholders – the Mota family, through Mota Gestão e Participações, SGPS, S.A. (MGP), and China Communications Construction Company (CCCC).

![](_page_21_Figure_2.jpeg)

![](_page_22_Figure_1.jpeg)

In the first half of 2025, the on-going development of the Sustainability Roadmap stands out, as illustrated above, which is fully aligned with the Mota- ngil Group's strategy. The main pillars are described below.

#### A. Purpose of Mota-Engil

During 2023, the project to update Mota- ngil Group's [purpose](https://www.youtube.com/watch?v=bUi38q7q5PM) was completed and communicated. This project was developed based on a retrospective and prospective approach, involving the organized participation of several stakeholders with impact on the Group.

On the other hand, on June 29, the Group celebrated its 79th anniversary – almost eight decades of commitment, constant evolution and contribution of all that have been part of this journey. This anniversary invited us to look with pride to the path already taken and, above all, to project the future. As the countdown to the 80th anniversary began, the internal campaign Living the Purpose was launched on that day, with several initiatives scheduled until the year end.

B. Sustainability objectives and targets

Given the exponential relevance that sustainability (and related concerns) has been assuming, Mota-Engil Group is committed to the United Nations Sustainable Development Goals (SDGs) and is committed to achieve, under the axis "New Path in Sustainability and Innovation" of its Strategic Plan, the SG – Environmental, Social and Governance – goals and targets listed below. In parallel, based on the results of the double materiality analysis carried out in 2023 – with a wide stakeholder participation – its strategic objectives were reviewed in August 2023, in order to align them with the material topics assessed as most significant.

![](_page_23_Figure_1.jpeg)

In line with the Group's strategic target of certifying (ISO 9001, 14001 and 45001) all companies by 2026, another audit cycle was carried out between April and July 2025. The audits covered companies based in Latin America, Africa and Europe, in the engineering and construction, industrial engineering and environment segments. On the other hand, in this audit cycle, the sectoral and geographical scope of certification was expanded, including new activities, such as real estate and concessions management, and new geographies, such as Oman.

Also within the scope of certifications, the first Rainforest Alliance certification to Mota-Engil Group should be highlighted, awarded to the RaRe: Rainforest Recovered project of Mamaland, focused on cocoa planting in Angola. The Rainforest Alliance is an internationally recognized non-governmental organization, focused on forests, climate, human rights and community livelihoods.

#### C. Leadership in sustainability

The central role that sustainability assumes in Mota- ngil Group's strategy is reflected in a strengthened sustainability governance structure, which aims to develop competences, guidelines and achieving a recognized position in ESG rankings. Thus, the Executive Committee of Mota-Engil, SGPS, S.A. assumes responsibility for the sustainability management, being accountable for approving the related strategy.

In addition, the governing, management and supervisory bodies of Mota-Engil Group are regularly informed about the identified material impacts, risks and opportunities (IROs), about the implementation of the due diligence procedures, as well as about the results and effectiveness of the adopted policies, actions, metrics and targets. The frequency and the main topics addressed are as follows:

- Executive Committee: usually informed every two weeks on safety matters, and at least four times a year on other sustainability issues;
- Sustainability Committee: meets at least three times a year, addressing all sustainability topics (according to the Sustainability Committee's Regulation). In the first half of 2025, this Committee has already held three meetings;
- Risk and Internal Audit Committee: meets at least four times a year, also addressing ESG matters;
- Board of Directors: meets at least once a month, receiving information on ESG issues whenever applicable;
- Sustainability Commission: created in June 2024, met twice that year to address all sustainability matters. New meetings are already scheduled for the second half of 2025.

Leadership in sustainability is essential to foster a corporate culture based on ethics, responsibility, innovation and resilience. Thus, empowering sustainability topics increases companies' ability to adapt to the risks and opportunities arising from society's and the planet's main challenges.

D. Double materiality analysis

In 2022/23, Mota-Engil Group carried out a double materiality analysis exercise, in anticipation to the transposition into the national law of the uropean Commission's Corporate Sustainability Reporting Directive (CSRD), also considering the requirements of the new GRI – Global Reporting Initiative Universal Standards (2021 version). This exercise comprised four main stages: context analysis, stakeholder engagement, preparation of the materiality matrix, and validation and final approval of the material topics. Furthermore, during 2024, a deepening of that analysis was carried out, identifying also material impacts, risks and opportunities (IROs).

Finally, nowadays and in anticipation to the end of the Strategic Plan "BUILDING 26 | For a Sustainable Future", a new double materiality analysis process has been launched, aligned with best international practices, in order to gather input for the new Mota-Engil Group Strategic Plan and in order to enhance the reporting of the most relevant ESG information.

E. Sustainability Working Groups

In the first half of 2025, the definition and development of the Sustainability Working Groups (SWG) continued. The SWGs are led by internal employees who not only have technical expertise but also demonstrate exceptional motivation for their respective topics. The leaders, with the support of several representatives from the Group's business units, geographies and departments, aim to measure and act on each topic, identifying and carrying out specific actions dedicated to the improvement opportunities identified. As an example, the volunteering policy—reviewed last year by the Corporate Social Responsibility (CSR) SWG—was approved at the end of 2024 and communicated internally at the beginning of this year.

#### F. Training and awareness on sustainability

Investing in continuous training is regarded as both an investment in Mota‑ ngil Group's people and a necessity. Accordingly, tailored training (internal sessions/lectures) sessions in the field of sustainability were promoted to empower key individuals within the organisation, namely:

- "Conscious Talks", a series of webinars developed in partnership with the Manuel António da Mota Foundation;
- "Inspirational Sessions" by Mext, designed to give employees the opportunity to be challenged by the experience and knowledge of successful and inspiring individuals;
- "Board Talks" by Mext, sessions with the Group's top management leaders, in which participants can gain a deeper understanding of the Group's strategy, vision, achievements and challenges.

#### G. Partnerships in sustainability

Building partnerships is essential on the journey towards sustainability. In this regard, the longstanding partnership since 2004 with BCSD Portugal (a member association of the global WBCSD network) is noteworthy. Furthermore, from 2022 onwards, the partnership with GRACE was strengthened through the inclusion of several Group companies—including Mota‑Engil, SGPS, S.A. which joined the Manuel António da Mota Foundation, already a member of that association. Additionally, in 2023, the Group joined ASM – Alliance for the Promotion of Mental Health in the Workplace. Finally, it is worth highlighting that Mota‑Engil is a founding member of Business Roundtable Portugal, in which it has being actively involved—for example, the Group's CEO participated in the association's conference in June 2025 under the theme "Ctrl+Alt+Portugal – Reiniciar para Crescer".

H. Sustainability reporting and communication

To transparently report its performance across the different dimensions of sustainability, Mota‑Engil Group has published its Sustainability Report annually since 2006. In addition, the Sustainability Statement is currently integrated into the 2024 Integrated Report, available on the [Mota-Engil](https://www.mota-engil.com/sustentabilidade/esg-e-relatorios/) website. Moreover, during the first half of 2025, the Group issued—for the first time sustainability information in compliance with the CSRD (Corporate Sustainability Reporting Directive).

Lastly, it should be noted that Mota‑Engil Group aims to be fully aligned with international reporting best practices and to continuously improve the quality of its sustainability information. Accordingly, during the first half of 2025, a project was launched to enhance the carbon‑footprint calculation methodology, which will be incorporated into the next annual report. This project is also of primary importance for developing and effectively monitoring a new climate target and a new decarbonisation plan.

#### 1.5 Mota-Engil in the stock market

The evolution of the share price performance of Mota-Engil, SGPS, S.A. in 2025 can be analysed in the following charts:

![](_page_26_Figure_3.jpeg)

**QUANTITY OF SHARES TRADED BY QUARTER**

#### **PERFORMANCE OF SHARE**

At 30 June 2025, the share capital of Mota-Engil, SGPS, S.A. was comprised by 306,775,950 shares, with a nominal value of one euro each, all of which admitted to trading on Euronext Lisbon.

The first half of 2025 was characterized by some volatility in the financial markets, partly as a consequence of the restrictive trade policies announced in early April by the President of the United States of America (USA), Donald Trump, which led to a trade war context between the USA and some of its trading partners. Following the announcements of new trade tariffs, the majority of stock market indices depreciated, having although recovered during the second half of the semester as the trade war cooled down. On the other hand, during the first half of 2025, the main central banks continued their policy of cutting key interest rates, which had begun in the second half of 2024, with the aim of reaching the defined inflation targets.

Thus, in the first half of 2025, and in line with the trend of the main global stock market indices, the Portuguese stock index, PSI, posted a positive performance of 16.9%. The European sectoral index, SXOP, also closed the period up 15.7%, influenced by the announcement of a new European Union strategy for the defence sector. In parallel, in a more challenging geopolitical context, resulting from Russia's invasion of Ukraine, some uropean countries, namely Germany, announced reinforced investment objectives in the defence sector and in the public infrastructure sector.

During the first half of 2025, the shares of Mota-Engil, SGPS, S.A. recorded a positive performance of 31.7%, reaching a market capitalisation of 1,177 million euros at 30 June 2025. In that period, the shares reached a maximum of 4.810 euros in May and a minimum of 2.714 euros in January. During the first half of 2025, a total of 337 million shares were traded on Euronext Lisbon, corresponding to an average daily volume of 2,694 thousand shares.

On 27 March 2023, Mota-Engil, SGPS, S.A. entered into a liquidity agreement with Caixa – Banco de Investimento, S.A. with the aim of fostering the liquidity of its shares. This agreement entered into force on 11 April 2023 and remains active as of the date of this report.

The 2025 Annual General Shareholders' Meeting of Mota-Engil, SGPS, S.A. was held on 15 May 2025, having been approved all points discussed, in particularly the distribution of corporate assets, namely part of the amount recorded under "Free reserves", in the total amount of 45,924,359.72 euros, corresponding to 0.1497 euros per share, subject to applicable taxes.

#### 1.6 Outlook

The outlook for the Mota-Engil Group for 2025 is as follows:

- Stable turnover, still dependent on the impact of delayed ramp-up of key projects, especially in Portugal and Mexico;
- EBITDA margin around 16%, consolidating the positive trend in recent years and net margin improvement;
- Disciplined investment maintained, with Capex at approximately 7% of turnover;
- Focus on free cash flow generation, with a firm commitment to maintain Net debt/EBITDA < 2x and Gross debt/EBITDA < 4x;
- Steady progress towards the Equity-to-Assets target > 15%, driven by improved profitability and optimized asset management.

#### 1.7 Relevant facts after the end of the period

Up to the issuance date of this report, the following events occurred after 30 June 2025:

"MOTA – ENGIL INFORMS ABOUT THE SIGNING OF THE CONTRACT FOR THE AWARD OF THE FIRST PHASE OF THE HIGH-SPEED RAILWAY PROJECT CONCESSION IN PORTUGAL

Mota-Engil S.G.P.S., S.A. ("Mota-Engil") informs that, today, the consortium LusoLav-Gestão de Alta Velocidade, S.A. ("LusoLav"), where Mota-Engil holds a 45% stake, has signed with Infraestruturas de Portugal the Public Private Partnership (PPP) concession contract of the High-Speed Railway line in Portugal, between Porto (Campanhã) and Oiã (Oliveira do Bairro) ("Concession"), amounting to €1,661 million (present value of the availability payments).

The Concession term, under an availability regime, amounts to 30 years, of which 5 years for construction and 25 years for maintenance, thus ending on July 29, 2055 and includes the design, project, construction and financing of the following railway works: (i) a 71-kilometer new High-Speed line between Campanhã Station in Porto and Oiã; (ii) the adaptation of the current Campanhã Station to High-Speed requirements; (iii) a new station in Vila Nova de Gaia; (iii) crossings over the Douro River (one exclusively dedicated to the new High-Speed line and the other dedicated to road traffic); (iv) connections to the Northern railway Line near Canelas; and (v) a new electric traction substation in the Estarreja area.

The Concession contract also includes the maintenance and provision of the aforementioned elements for a period of 25 years, with the exception of Campanhã Station and Gaia Station.

Furthermore, it should be highlighted that the LusoLav Consortium as secured the financing of the project (financial close) through a bank syndicate comprising 12 banks and financial institutions, national and mostly international, including the European Investment Bank, and that during the construction stage the project will also benefit from European Union funds through the "Connecting urope Facility", which amount to €480 million.

On the other hand, the contract now signed, will not only reinforce Mota-Engil's concession business, but will also significantly reinforce, by c.€800 million, the backlog of the ngineering & Construction segment in Portugal, being expected the beginning of the works by the end of 2025."

"MOTA- NGIL INFORMS ON TH SIGNING OF CONTRACTS IN PORTUGAL, M XICO AND RWANDA IN A TOTAL AMOUNT OF €560 MILLION

Mota- ngil S.G.P.S., S.A. ("Mota- ngil") informs that it has signed a railway construction contract in Mexico, with a total value of approximately €290 million.

The contract includes the design and construction of the first awarded section of the Querétaro–Irapuato train connection, covering a total length of 30.3 km and designed to accommodate up to 11,000 daily passengers.

The Querétaro–Irapuato railway is a strategic project within Mexico's National Railway Plan, to be implemented from 2025. This national initiative aims to enhance mobility, promote sustainability, and support regional development and urban modernization, providing a safe, efficient, and environmentally responsible transportation alternative that is expected to deliver significant economic benefits across one of Mexico's most dynamic regions.

This project is a key milestone in the modernization of passenger rail transportation in the Bajío region, significantly improving connectivity between major cities such as Querétaro, Celaya, Salamanca, and Irapuato, while also acting as a catalyst for industrial and regional development through enhanced mobility infrastructure.

In Portugal, the company signed a building contract worth €108 million with an estimated duration of 29 months and involves the execution of a residential project in Lisbon.

In Rwanda, Mota-Engil Africa signed additional awards under the Work Stream II of the Bugesera International Airport amounting to €162 million. The project will be a very relevant connection hub in the African continent.

The award of these contracts reflects Mota- ngil's successful strategy to consolidate its leading position in Portugal, Mexico and in the African continent, confirming the commitment to sustainable infrastructure development and Mota-Engil's role as a trusted partner

RELATÓRIO ÚNICO 2024

Furthermore, the award of these new contracts reinforces the Group's backlog at record levels since 2024."

![](_page_30_Picture_0.jpeg)

![](_page_30_Picture_1.jpeg)

RELATÓRIO ÚNICO 2024

INTERIM CONSOLIDATED FINANCIAL INFORMATION 2025

**31**

## **2.INTERIM CONSOLIDATED FINANCIAL INFORMATION**

INSPIRING **Beyond Cultures**

![](_page_31_Picture_1.jpeg)

RELATÓRIO ÚNICO 2024

**32**

#### CONSOLIDATED INCOME STATEMENTS BY NATURES FOR THE SIX-MONTH PERIODS ENDED AT JUNE 30, 2025 AND 2024 (Amounts expressed in thousand euros)

|                                                                                                              |       | 1st half      |               |  |
|--------------------------------------------------------------------------------------------------------------|-------|---------------|---------------|--|
|                                                                                                              | Notes | 2025          | 2024          |  |
|                                                                                                              |       | (non audited) | (non audited) |  |
|                                                                                                              |       |               |               |  |
| Sales and services rendered                                                                                  | 2     | 2,745,197     | 2,732,346     |  |
| Cost of goods sold, materials consumed and changes in production                                             |       | (630,369)     | (764,815)     |  |
| Third-party supplies and services                                                                            |       | (1,187,824)   | (1,070,938)   |  |
| Wages and salaries                                                                                           |       | (470,903)     | (463,941)     |  |
| Other operating income / (expenses)                                                                          |       | (7,898)       | (36,307)      |  |
| Amortizations and depreciations                                                                              | 2     | (147,597)     | (144,949)     |  |
| Impairment losses                                                                                            | 2     | (4,759)       | (1,284)       |  |
| Provisions                                                                                                   | 2     | 1,610         | (13,439)      |  |
| Financial income and gains                                                                                   | 3     | 97,342        | 141,916       |  |
| Financial costs and losses                                                                                   | 3     | (214,148)     | (236,917)     |  |
| Gains / (losses) in associates and joint ventures                                                            | 4     | (4,996)       | 2,952         |  |
| Gains / (losses) on the acquisition and disposal of subsidiaries, joint ventures and associated<br>companies | 5     | 2,925         | 22,246        |  |
| Income before taxes                                                                                          |       | 178,581       | 166,870       |  |
| Income tax                                                                                                   |       | (57,938)      | (48,517)      |  |
| Consolidated net profit of the period                                                                        |       | 120,643       | 118,352       |  |
| Attributable:                                                                                                |       |               |               |  |
| to non-controlling interests                                                                                 |       | 61,207        | 69,016        |  |
| to the Group                                                                                                 | 6     | 59,435        | 49,336        |  |
| Earnings per share:                                                                                          |       |               |               |  |
| basic                                                                                                        | 6     | 0.197 €       | 0.164 €       |  |
| diluted                                                                                                      | 6     | 0.197 €       | 0.164 €       |  |
|                                                                                                              |       |               |               |  |

To be read with the Notes to the Consolidated Financial Statements

#### CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME FOR THE SIX-MONTH PERIODS ENDED AT JUNE 30, 2025 AND 2024 (Amounts expressed in thousand euros)

|                                                                                                                                      | 1st half      |               |
|--------------------------------------------------------------------------------------------------------------------------------------|---------------|---------------|
|                                                                                                                                      | 2025          | 2024          |
|                                                                                                                                      | (non audited) | (non audited) |
|                                                                                                                                      |               |               |
| Consolidated net profit of the period                                                                                                | 120,643       | 118,352       |
| Items of other comprehensive income that may be reclassified to the income statement:                                                |               |               |
| Companies consolidated by the full consolidation method                                                                              |               |               |
| Exchange differences arising from the translation of financial statements expressed in foreign currencies                            | (162,228)     | (8,940)       |
| Changes, net of taxes, in the fair value of derivative financial instruments of cash flow hedges                                     | -             | 92            |
| Companies consolidated by the equity method                                                                                          |               |               |
| Exchange differences arising from the translation of financial statements expressed in foreign currencies                            | (3,399)       | (3,525)       |
| Changes, net of taxes, in the fair value of derivative financial instruments of cash flow hedges                                     | 382           | 2,868         |
| Items of other comprehensive income that will not be reclassified to the income statement:                                           |               |               |
| Companies consolidated by the full consolidation method                                                                              |               |               |
| Changes, net of taxes, in the revaluation surplus of tangible assets and right of use assets                                         | 99            | 7,407         |
| Actuarial deviations, net of taxes                                                                                                   | -             | (742)         |
| Changes, net of taxes, in the fair value of other financial investments recorded at fair value through other<br>comprehensive income | 8,952         | -             |
| Total of other comprehensive income                                                                                                  | (156,194)     | (2,842)       |
| Total consolidated comprehensive income of the period                                                                                | (35,551)      | 115,511       |
| Attributable:                                                                                                                        |               |               |
| to non-controlling interests                                                                                                         | 28,567        | 59,200        |
| to the Group                                                                                                                         | (64,118)      | 56,310        |

To be read with the Notes to the Consolidated Financial Statements

#### CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AT JUNE 30, 2025 AND DECEMBER, 31 2024

(Amounts expressed in thousand euros)

|                                                                                       | Notes   | 30.06.2025             | 31.12.2024             |
|---------------------------------------------------------------------------------------|---------|------------------------|------------------------|
|                                                                                       |         | (non audited)          | (audited)              |
| Assets                                                                                |         |                        |                        |
| Non-current                                                                           |         |                        |                        |
| Goodwill                                                                              |         | 11,775                 | 12,502                 |
| Intangible assets                                                                     |         | 717,985                | 749,853                |
| Tangible assets                                                                       |         | 963,611                | 968,756                |
| Right of use assets                                                                   |         | 347,437                | 395,338                |
| Financial investments in associated companies                                         | 2 and 7 | 168,596                | 166,173                |
| Financial investments in joint ventures                                               | 2 and 7 | 465,739                | 415,592                |
| Other financial investments recorded at amortized cost                                | 8       | 14,649                 | 18,656                 |
| Other financial investments recorded at fair value through other comprehensive income | 8       | 81,546                 | 75,258                 |
| Investment properties                                                                 |         | 149,987                | 143,019                |
| Customers and other debtors                                                           |         | 398,810                | 439,056                |
| Contract assets<br>Other non-current assets                                           |         | 156<br>59,658          | 185<br>81,062          |
| Deferred tax assets                                                                   |         | 175,826                | 191,759                |
| Total of non-current assets                                                           |         | 3,555,775              | 3,657,208              |
|                                                                                       |         |                        |                        |
| Current                                                                               |         |                        |                        |
| Inventories                                                                           |         | 459,500                | 449,569                |
| Customers and other debtors                                                           |         | 1,972,396              | 1,965,519              |
| Contract assets                                                                       |         | 858,362                | 885,027                |
| Other current assets                                                                  |         | 467,713                | 320,550                |
| Derivative financial instruments                                                      |         | -                      | 74                     |
| Corporate income tax                                                                  |         | 26,909                 | 15,242                 |
| Other financial investments recorded at amortized cost                                | 8       | 2,956                  | 2,258                  |
| Other financial applications                                                          | 9       | 133,169                | 110,322                |
| Cash and cash equivalents without recourse – Demand deposits                          | 9       | 99,466                 | 73,480                 |
| Cash and cash equivalents with recourse – Demand deposits                             | 9       | 370,949                | 367,654                |
| Non-current assets held for sale                                                      |         | 126,697                | 122,126                |
| Total of current assets<br>Total Assets                                               | 2       | 4,518,119<br>8,073,894 | 4,311,819<br>7,969,027 |
|                                                                                       |         |                        |                        |
| Liabilities                                                                           |         |                        |                        |
| Non-current                                                                           |         |                        |                        |
| Loans without recourse                                                                | 10      | 211,191                | 187,650                |
| Loans with recourse                                                                   | 10      | 1,300,841              | 1,303,020              |
| Other financial liabilities                                                           | 11      | 81,016                 | 44,829                 |
| Lease liabilities                                                                     |         | 180,799                | 201,709                |
| Derivative financial instruments                                                      |         | 112                    | 86                     |
| Suppliers and sundry creditors                                                        |         | 11,054                 | 43,121                 |
| Contract liabilities                                                                  |         | 129,641                | 109,872                |
| Other non-current liabilities                                                         |         | 117,815                | 124,168                |
| Provisions                                                                            |         | 176,118                | 191,026                |
| Deferred tax liabilities                                                              |         | 283,427                | 273,420                |
| Total of non-current liabilities                                                      |         | 2,492,013              | 2,478,901              |
|                                                                                       |         |                        |                        |
| Current<br>Loans without recourse                                                     | 10      | 35,471                 | 61,038                 |
| Loans with recourse                                                                   | 10      | 769,346                | 752,210                |
| Other financial liabilities                                                           | 11      | 348,266                | 366,953                |
| Lease liabilities                                                                     |         | 140,685                | 164,568                |
| Suppliers and sundry creditors                                                        |         | 1,418,231              | 1,498,968              |
| Contract liabilities                                                                  |         | 1,009,738              | 908,989                |
| Other current liabilities                                                             |         | 1,054,897              | 860,541                |
| Corporate income tax                                                                  |         | 9,577                  | 26,372                 |
| Non-current liabilities held for sale                                                 |         | 19,292                 | 1,851                  |
| Total of current liabilities                                                          |         | 4,805,502              | 4,641,489              |
| Total Liabilities                                                                     | 2       | 7,297,515              | 7,120,390              |
|                                                                                       |         |                        |                        |
| Shareholders' equity                                                                  |         |                        |                        |
| Share capital                                                                         |         | 306,776                | 306,776                |
| Own shares                                                                            |         | -                      | (10,232)               |
| Reserves, retained earnings and share premiums                                        |         | (165,704)              | (138,972)              |
| Consolidated net profit of the period / year<br>Own funds attributable to the Group   |         | 59,435<br>200,507      | 122,688<br>280,261     |
| Non-controlling interests                                                             |         | 575,872                | 568,376                |
| Total shareholders' equity                                                            |         | 776,379                | 848,637                |
| Total shareholders' equity and liabilities                                            |         | 8,073,894              | 7,969,027              |
|                                                                                       |         |                        |                        |

To be read with the Notes to the Consolidated Financial Statements

#### CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE SIX-MONTH PERIODS ENDED AT JUNE 30, 2025 AND 2024 (Amounts expressed in thousands of euros)

|                                                               |                  |            |                   |                          | Fair value reserves |             |                                    |                |                                               |                                       |                                           |                                                                 |                                  |
|---------------------------------------------------------------|------------------|------------|-------------------|--------------------------|---------------------|-------------|------------------------------------|----------------|-----------------------------------------------|---------------------------------------|-------------------------------------------|-----------------------------------------------------------------|----------------------------------|
|                                                               | Share<br>capital | Own shares | Share<br>premiums | Financial<br>investments | Fixed assets        | Derivatives | Currency<br>translation<br>reserve | Legal reserves | Other<br>reserves and<br>retained<br>earnings | Net profit of<br>the year /<br>period | Own funds<br>attributable<br>to the Group | Own funds<br>attributable<br>to non<br>controlling<br>interests | Total<br>shareholders'<br>equity |
| Balance at 31 December 2023 (audited)                         | 306,776          | (10,232)   | 126,034           | 18,422                   | 155,846             | 55,075      | (485,727)                          | 57,733         | (110,718)                                     | 113,153                               | 226,361                                   | 519,148                                                         | 745,509                          |
| Movements with equity holders                                 |                  |            |                   |                          |                     |             |                                    |                |                                               |                                       |                                           |                                                                 |                                  |
| Dividend distribution                                         | -                | -          | -                 | -                        | -                   | -           | -                                  | -              | (38,397)                                      | -                                     | (38,397)                                  | (19,111)                                                        | (57,509)                         |
| Other movements                                               |                  |            |                   |                          |                     |             |                                    |                |                                               |                                       |                                           |                                                                 |                                  |
| Other comprehensive income of the period                      | -                | -          | -                 | -                        | 6,868               | 2,960       | (2,111)                            | -              | (742)                                         | -                                     | 6,974                                     | (9,815)                                                         | (2,842)                          |
| Consolidated net profit of the period                         | -                | -          | -                 | -                        | -                   | -           | -                                  | -              | -                                             | 49,336                                | 49,336                                    | 69,016                                                          | 118,352                          |
| Transfers to other reserves                                   | -                | -          | -                 | -                        | -                   | -           | -                                  | -              | 113,153                                       | (113,153)                             | -                                         | -                                                               | -                                |
| Others                                                        | -                | -          | -                 | -                        | -                   | -           | -                                  | -              | (4,385)                                       | -                                     | (4,385)                                   | (2,952)                                                         | (7,337)                          |
| Changes in the ownership interest in subsidiaries:            |                  |            |                   |                          |                     |             |                                    |                |                                               |                                       |                                           |                                                                 |                                  |
| - Other acquisitions / disposals of non-controlling interests | -                | -          | -                 | -                        | -                   | -           | -                                  | -              | (14,856)                                      | -                                     | (14,856)                                  | (37,556)                                                        | (52,412)                         |
| Balance at 30 June 2024 (non audited)                         | 306,776          | (10,232)   | 126,034           | 18,422                   | 162,714             | 58,035      | (487,838)                          | 57,733         | (55,946)                                      | 49,336                                | 225,033                                   | 518,729                                                         | 743,762                          |
|                                                               |                  |            |                   |                          |                     |             |                                    |                |                                               |                                       |                                           |                                                                 |                                  |
| Balance at 31 December 2024 (audited)                         | 306,776          | (10,232)   | 126,034           | 24,438                   | 201,959             | 52,498      | (526,167)                          | 57,733         | (75,465)                                      | 122,688                               | 280,261                                   | 568,376                                                         | 848,637                          |
| Movements with equity holders                                 |                  |            |                   |                          |                     |             |                                    |                |                                               |                                       |                                           |                                                                 |                                  |
| Dividend distribution                                         | -                | -          | -                 | -                        | -                   | -           | -                                  | -              | (45,924)                                      | -                                     | (45,924)                                  | (10,191)                                                        | (56,116)                         |
| Disposal of own shares                                        | -                | 10,232     | -                 | -                        | -                   | -           | -                                  | -              | 16,228                                        | -                                     | 26,460                                    | -                                                               | 26,460                           |
| Other movements                                               |                  |            |                   |                          |                     |             |                                    |                |                                               |                                       |                                           |                                                                 |                                  |
| Other comprehensive income of the period                      | -                | -          | -                 | 8,952                    | 99                  | 382         | (132,987)                          | -              | -                                             | -                                     | (123,553)                                 | (32,641)                                                        | (156,194)                        |
| Consolidated net profit of the period                         | -                | -          | -                 | -                        | -                   | -           | -                                  | -              | -                                             | 59,435                                | 59,435                                    | 61,207                                                          | 120,643                          |
| Transfers to other reserves                                   | -                | -          | -                 | -                        | -                   | -           | -                                  | -              | 122,688                                       | (122,688)                             | -                                         | -                                                               | -                                |
| Others                                                        | -                | -          | -                 | -                        | -                   | -           | -                                  | -              | 6,062                                         | -                                     | 6,062                                     | 6,524                                                           | 12,586                           |
| Changes in the ownership interest in subsidiaries:            |                  |            |                   |                          |                     |             |                                    |                |                                               |                                       |                                           |                                                                 |                                  |
| - Other acquisitions / disposals of non-controlling interests | -                | -          | -                 | -                        | -                   | -           | -                                  | -              | (2,234)                                       | -                                     | (2,234)                                   | (17,403)                                                        | (19,637)                         |
| Balance at 30 June 2025 (non audited)                         | 306,776          | -          | 126,034           | 33,390                   | 202,059             | 52,880      | (659,153)                          | 57,733         | 21,355                                        | 59,435                                | 200,507                                   | 575,872                                                         | 776,379                          |
|                                                               |                  |            |                   |                          |                     |             |                                    |                |                                               |                                       |                                           |                                                                 |                                  |

To be read with the Notes to the Consolidated Financial Statements

\* 0

RELATÓRIO ÚNICO 2024

#### CONSOLIDATED STATEMENTS OF CASH-FLOWS FOR THE SIX-MONTH PERIODS ENDED AT JUNE 30, 2025 AND 2024 (Amounts expressed in thousand euros)

|                                                               | Notes | 2025          | 2024          |
|---------------------------------------------------------------|-------|---------------|---------------|
|                                                               |       | (non audited) | (non audited) |
| Operating activities                                          |       |               |               |
| Cash receipts from customers                                  |       | 2,900,553     | 2,439,634     |
| Cash paid to suppliers                                        |       | (1,751,629)   | (1,460,704)   |
| Cash paid to employees                                        |       | (460,650)     | (452,562)     |
| Cash generated from operating activities                      |       | 688,274       | 526,367       |
| Income tax (paid)/received                                    |       | (74,622)      | (63,886)      |
| Other receipts/(payments) generated by operating activities   |       | (9,983)       | (30,234)      |
| Net cash-flows from operating activities (1)                  |       | 603,669       | 432,247       |
| Investment activities                                         |       |               |               |
| Cash receipts from:                                           |       |               |               |
| Financial investments                                         |       | 9,961         | 123,268       |
| Tangible assets, intangible assets and right of use assets    |       | 1,798         | 19,543        |
| Investment grants                                             |       | 370           | 577           |
| Interest and similar income                                   |       | 29,984        | 71,757        |
| Dividends                                                     |       | 4,500         | 1,128         |
| Other financial applications                                  |       | -             | 84,234        |
|                                                               |       | 46,613        | 300,507       |
| Cash paid in respect of:                                      |       |               |               |
| Financial investments                                         |       | (88,161)      | (37,522)      |
| Other financial applications                                  |       | (22,847)      | -             |
| Tangible assets, intangible assets and right of use assets    |       | (225,851)     | (241,598)     |
|                                                               |       | (336,859)     | (279,120)     |
| Net cash-flows from investment activities (2)                 |       | (290,246)     | 21,387        |
| Financing activities                                          |       |               |               |
| Cash receipts from:                                           |       |               |               |
| Loans obtained                                                |       | 417,977       | 359,322       |
| Disposal of own shares                                        |       | 26,460        | -             |
| Factoring and Suppliers payment management operations         |       | 17,655        | 178,613       |
|                                                               |       | 462,091       | 537,935       |
| Cash paid in respect of:                                      |       |               |               |
| Loans obtained                                                |       | (451,270)     | (236,628)     |
| Leases, Factoring and Suppliers payment management operations |       | (59,654)      | (344,415)     |
| Interest and similar expense                                  |       | (167,267)     | (166,206)     |
| Dividends                                                     |       | (49,534)      | (56,310)      |
|                                                               |       | (727,726)     | (803,560)     |
| Net cash-flows from financing activities (3)                  |       | (265,635)     | (265,624)     |
| Variation of cash and cash equivalents (4)=(1)+(2)+(3)        |       | 47,788        | 188,010       |
| Exchange rate effect                                          |       | (18,507)      | 189           |
| Cash and cash equivalents at the beginning of the period      | 9     | 441,134       | 560,395       |
| Cash and cash equivalents at the end of the period            | 9     | 470,415       | 748,594       |
|                                                               |       |               |               |

To be read with the Notes to the Consolidated Financial Statements

#### **0. Introductory note**

Mota-Engil, SGPS, S.A., with head office at Edifício Mota, Rua do Rego Lameiro, nº 38 4300 - 454 Porto - Portugal (Mota-Engil, SGPS or Company), and its affiliates (Group or Mota-Engil Group), have as its core businesses the execution of public and private construction works and related activities, as well as the waste collection and treatment. The Group's activity is developed essentially through the six following business units: Europe – Engineering and Construction (Europe – E&C), Africa – Engineering and Construction (Africa – E&C), Latin America – Engineering and Construction (Latin America – E&C), Environment, Capital and Mext. The shares of Mota-Engil, SGPS are listed at Euronext Lisbon.

The detailed description of the Group's activities is provided in Note.2 Business segments of these Notes.

All amounts disclosed in these Notes are presented in thousand euros, rounded off to the unit, unless explicitly stated otherwise.

#### **1. Basis of presentation, of consolidation and material accounting policies**

#### 1.1. Basis of presentation

The attached consolidated financial statements of Mota-Engil Group were prepared on a going concern basis from the books and accounting records of the companies comprising it, adjusted in the consolidation process.

The Board of Directors assessed the ability of the Group to operate in a going concern basis, taking in consideration all relevant information, facts, and circumstances of financial, commercial or other nature, including events occurred after the reference date of the financial statements, available on the future. As a result of the assessment made, the Board of Directors concluded that the Group has adequate resources to maintain its businesses, having no intention to cease them in the short term and so it found appropriate the use of the going concern assumption in the preparation of the attached consolidated financial statements.

The attached consolidated financial statements were prepared in accordance with the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) and in accordance with the interpretations issued by the International Financial Reporting Interpretations Committee (IFRIC) or by the former Standards Interpretation Committee (SIC), as adopted by the European Union at January 1, 2025. Regarding Group companies which adopt different accounting standards, conversion adjustments to IFRS were performed.

These consolidated financial statements are presented in Euro since it is the main currency of the Group's operations. The financial statements of the affiliate companies expressed in foreign currency were translated to Euro as described in the Notes 1.2 h) and i) of the basis of consolidation disclosed in the 2024 Consolidated Report and Accounts.

All estimates and assumptions made by the Board of Directors were based on its knowledge of the events and transactions in progress at the approval date of these financial statements.

In preparing the attached consolidated financial statements, in accordance with the IFRS, the Group's Board of Directors adopted certain assumptions and estimates which affected the reported amounts of assets and liabilities, as well as the income and expenses incurred in the periods disclosed, which are described in subparagraph r) of the chapter 1.3. Material accounting policies disclosed in the 2024 Consolidated Report and Accounts.

Lastly, the consolidated financial statements of Mota-Engil Group at June 30, 2025 were prepared in accordance with the accounting policies and the calculations methods disclosed in the 2024 Consolidated Report and Accounts, taking in consideration the provisions of IAS 34 – Interim financial reporting.

#### 1.2. STANDARDS, INTERPRETATIONS, AMENDMENTS AND REVISIONS WHICH BECAME EFFECTIVE IN THE SEMESTER

The following standards, interpretations, amendments and revisions endorsed by the European Union were adopted for the first time in the six-month period ended at June 30, 2025:

| Standard / Interpretation                                                                           | Applicable in the European<br>Union in the financial years<br>started in or after | Contents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|-----------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| IAS 21 (amendment), The Effects of<br>Changes in Foreign Exchange Rates:<br>Lack of Exchangeability | 01/Jan/25                                                                         | This amendment adds requirements for determining whether a currency can<br>be exchanged for another currency (exchangeability) and defining how to<br>determine the spot exchange rate to be used when it is not possible to<br>exchange a currency for a long period of time. This change also requires the<br>disclosure of information that allows understanding how the currency that<br>cannot be exchanged for another currency affects, or is expected to affect,<br>the financial performance, financial position and cash flows of the entity, in<br>addition to the spot exchange rate used on the reporting date and how it was<br>determined. This amendment is applied retrospectively without restating the<br>comparatives. The entity is required to translate the affected amounts at<br>estimated spot exchange rates at the date of initial application, with an<br>adjustment to retained earnings (if between foreign and functional currency)<br>or to the reserve for cumulative translation differences (if between functional<br>and presentation currency). |

In the six-month period ended at June 30, 2025, no material impacts arose in the attached consolidated financial statements as a result of the adoption of the standards, interpretations, amendments, and revisions above referred.

#### 1.3. STANDARDS, INTERPRETATIONS, AMENDMENTS AND REVISIONS THAT WILL BE IN FORCE IN FUTURE YEARS

The following standards, interpretations, amendments and revisions with mandatory application in future economic years, were until June 30, 2025, endorsed by the European Union:

| Standard / Interpretation                                                                                                | Applicable in the European<br>Union in the financial years<br>started in or after | Contents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|--------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| IFRS 9 (amendment) and IFRS 7<br>(amendment), Amendment to<br>classification and measurement of<br>financial instruments | 1/Jan/26                                                                          | These amendments intend to: i) clarify the date of recognition and<br>derecognition of some financial assets and liabilities, with a new exception<br>for some financial liabilities settled through an electronic cash transfer<br>system; ii) clarify and add further guidance for assessing whether a financial<br>asset meets the solely payments of principal and interest (SPPI) criterion<br>such as: 1) non-recourse assets; 2) contractually associated instruments;<br>and 3) instruments with characteristics linked to compliance with<br>environmental, social and governance ("ES "); iii) add new disclosure<br>requirements for instruments with contractual conditions that can change<br>cash flows; and iv) update the disclosure requirements for equity<br>instruments designated at fair value through other comprehensive income,<br>separating the fair value reserve into the fair value gains or losses of the<br>investments derecognized and those held at the end of the period. These<br>amendments apply at the date they become effective without restating the<br>comparatives. |
| IFRS 9 (amendment) and IFRS 7<br>(amendment), Contracts referencing<br>nature-dependent electricity                      | 01/Jan/26                                                                         | These amendments intend to improve the report of the financial effects of<br>nature-dependent electricity contracts, subject to variability of quantity<br>generated because it is dependent of uncontrollable natural conditions.<br>These amendments intend to: i) clarify the application of the "own use"<br>exemption requirements of IFRS 9; ii) allow the application of hedge<br>accounting when nature dependent electricity purchase contracts are<br>designated as hedging instrument; and iii) add new disclosure<br>requirements to IFRS 7 to better understand the impact of these contracts<br>on entity's financial performance and cash flows. This amendment shall be<br>applied retrospectively without restating prior periods, except for hedging<br>designation, which shall be applied prospectively.                                                                                                                                                                                                                                                                                     |

#### 1.4. STANDARDS, INTERPRETATIONS, AMENDMENTS AND REVISIONS NOT YET ENDORSED BY THE EUROPEAN UNION

The following standards, interpretations, amendments and revisions, with mandatory application in future economic years, at June 30, 2025 were not yet endorsed by the European Union:

| Standard / Interpretation                                                             | Applicable in the European<br>Union in the financial years<br>started in or after | Contents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|---------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| IFRS 18 (new standard), Presentation<br>and Disclosure in Financial Statements        | 1/Jan/27                                                                          | This new standard will replace the current IAS 1. While retaining many of the<br>existing principles of IAS 1, it is focused on the specification of a structure for<br>the statement of profit or loss, composed of categories and required<br>subtotals. Items in the statement of profit or loss will be classified into one of<br>three categories: operating, investing, financing. Specified subtotals and<br>totals will be required being the main change the mandatory inclusion of the<br>subtotal "Operating profit or loss". This standard also includes improvements<br>to the disclosure of management performance measures including the<br>reconciliation with the most similar specified subtotal in IFRS Accounting<br>standards. This standard also enhances guidance on the principles of<br>aggregation and disaggregation of information in the financial statements and<br>respective notes, based on their shared characteristics. This standard applies<br>retrospectively. |
| IFRS 19 (new standard), Subsidiaries<br>without Public Accountability:<br>Disclosures | 01/Jan/27                                                                         | IF S 19 is a voluntary standard which allows "Eligible" subsidiaries to use IF S<br>Accounting Standards with reduced disclosure requirements. IFRS 19 is a<br>disclosure-only standard and works alongside other IFRS Accounting<br>Standards for recognition, measurement, and presentation requirements. A<br>subsidiary is "Eligible" if (i) it does not have public accountability; and (ii) has<br>a parent that prepares consolidated financial statements available for public<br>use that comply with IFRS Accounting Standards. IFRS 19 can be applied by<br>"Eligible" subsidiaries when preparing their own consolidated, separate or<br>individual financial statements. Complete comparative information needs to<br>be prepared under IFRS 19 unless any exemption applies.                                                                                                                                                                                                           |
| Annual Improvements – Volume 11                                                       | 1/Jan/26                                                                          | The annual improvements intend to clarify application issues or correct<br>inconsistencies in standards. This volume of improvements affects the<br>following accounting standards: IFRS 1, IFRS 7, IFRS 9, IFRS 10 and IAS 7.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

At the present date, no quantitative material impacts are expected in the attached consolidated financial statements as a result of the adoption of the standards, interpretations, amendments, and revisions referred to in itens 1.3. and 1.4. above.

#### **2. Business segments**

The Group uses its internal organization for management purposes as a basis for its reporting of information by business segments.

At June 30, 2025, the information by segments presented in the notes to the consolidated financial statements comprise the following business units of the Group:

Africa – E&C; Environment; Latin America – E&C; Capital; Europe – E&C; and Mext.

Africa - E&C business unit includes the engineering and construction activity, as well as the provision of industrial engineering services performed by the Group, essentially, in Angola, Mozambique, Ivory Coast, Rwanda, Uganda, South Africa, Guinea and Nigeria.

Environment business unit is divided into the following sub-segments: (i) Waste treatment and recovery (whose vehicle is EGF); (ii) Urban waste collection (whose activity is mainly carried out by Suma) and (iii) International (with presence essentially in Angola, Ivory Coast and Brazil).

Latin America - E&C business unit includes the engineering and construction activity developed by the Group mainly in Mexico, Peru, Brazil and Colombia. In addition, it also comprises the power generation and commercialization business in Mexico and the management and operation of several concessions in Mexico and Colombia.

Capital business unit is divided into the following subsegments: (i) Services (which comprise essentially the operation and maintenance services provided by Mota-Engil Ativ); (ii) Concessions (activity in Portugal and Poland); (iii) Tourism (activity in Portugal); and (iv) Mobility (decentralized energy production and electric vehicle charging in Portugal, Spain and Poland).

Europe - E&C business unit includes essentially the engineering and construction activity developed by the Group in Portugal.

Mext business unit is divided into the following subsegments: (i) Innovation and development (which comprises essentially the internal departments of the sub-holding dedicated to innovation, transformation and investment); (ii) Real estate (activity in Portugal and Central Europe until September 2024); (iii) Agroforestry (activity in Angola and Malawi); (iv) Mining (activity mainly developed in Africa); and (v) Energy (activity in Portugal and Africa).

Additionally, the amounts related to Mota-Engil, SGPS and other instrumental companies were included in the caption "Other, eliminations and intra-group", which also includes the amounts related to transactions and balances maintained between the companies of the different business segments.

These business segments were used taking into account the fact that they are units of the Group that carry out activities where revenues and expenses can be identified separately, for which separate financial information is produced, their operating results are reviewed by management and they serve as a basis for decision-making.

The companies / entities included in the consolidation and the respective consolidation methods, headquarters, percentage of consolidation, activity, incorporation date and acquisition date are the ones disclosed in Appendix A.

In the six-month periods ended at June 30, 2025 and 2024, the financial information by business segment can be analyzed as follows:

|                                      | Sales and services rendered |           | EBITDA  |         |
|--------------------------------------|-----------------------------|-----------|---------|---------|
|                                      | 2025                        | 2024      | 2025    | 2024    |
| Africa - E&C                         | 1,047,473                   | 658,694   | 255,311 | 144,626 |
| Environment                          | 303,870                     | 264,408   | 65,402  | 54,394  |
| Latin America - E&C                  | 1,090,789                   | 1,486,946 | 105,197 | 168,259 |
| Capital                              | 45,564                      | 41,698    | (1,966) | (2,837) |
| Europe - E&C                         | 242,341                     | 296,736   | 18,843  | 21,664  |
| MEXT                                 | 15,580                      | 21,174    | 5,731   | 7,198   |
| Others, eliminations and intra-group | (421)                       | (37,309)  | (316)   | 3,042   |
|                                      | 2,745,197                   | 2,732,346 | 448,203 | 396,345 |

EBITDA corresponds to the algebraic sum of the following captions of the consolidated income statement by natures: "Sales and services rendered", "Costs of goods sold, materials consumed and changes in production", "Third-party supplies and services", "Wages and salaries" and "Other operating income / (expenses)".

In the six-month periods ended at June 30, 2025 and 2024, the information regarding amortizations and depreciations, as well as regarding impairment losses and provisions can be analyzed as follows:

|                                      |         | Amortizations and<br>depreciations |         | Impairment losses and<br>Provisions |  |
|--------------------------------------|---------|------------------------------------|---------|-------------------------------------|--|
|                                      | 2025    | 2024                               | 2025    | 2024                                |  |
| Africa - E&C                         | 74,203  | 67,545                             | 7,197   | (2,805)                             |  |
| Environment                          | 42,401  | 42,328                             | 3,097   | 421                                 |  |
| Latin America - E&C                  | 13,116  | 25,655                             | (2,103) | 21,674                              |  |
| Capital                              | 1,582   | 1,263                              | (22)    | (14)                                |  |
| Europe - E&C                         | 8,381   | 7,606                              | (2)     | 115                                 |  |
| MEXT                                 | 461     | 163                                | (19)    | (64)                                |  |
| Others, eliminations and intra-group | 7,454   | 389                                | (5,000) | (4,603)                             |  |
|                                      | 147,597 | 144,949                            | 3,149   | 14,724                              |  |

At June 30, 2025 and December 31, 2024, the total net assets and liabilities of the Group by business segment can be analyzed as follows:

|                                      | Assets      |            | Liabilities |            |
|--------------------------------------|-------------|------------|-------------|------------|
|                                      | 30.06.2025  | 31.12.2024 | 30.06.2025  | 31.12.2024 |
| Africa - E&C                         | 4,094,768   | 3,726,943  | 3,421,298   | 2,977,376  |
| Environment                          | 1,157,298   | 1,108,627  | 974,036     | 920,984    |
| Latin America - E&C                  | 2,590,566   | 2,592,963  | 2,063,591   | 2,078,888  |
| Capital                              | 250,739     | 246,783    | 149,554     | 143,428    |
| Europe - E&C                         | 943,091     | 921,853    | 718,940     | 707,831    |
| MEXT                                 | 342,685     | 332,828    | 270,937     | 264,618    |
| Others, eliminations and intra-group | (1,305,254) | (960,971)  | (300,841)   | 27,266     |
|                                      | 8,073,894   | 7,969,027  | 7,297,515   | 7,120,390  |

At June 30, 2025 and December 31, 2024, the investment performed (capex) and the financial investments in associated companies and in joint ventures by business segment can be analyzed as follows:

|                                      |            | Capex (a)  |            | Financial investments in<br>associated companies and in<br>joint ventures |  |
|--------------------------------------|------------|------------|------------|---------------------------------------------------------------------------|--|
|                                      | 30.06.2025 | 31.12.2024 | 30.06.2025 | 31.12.2024                                                                |  |
| Africa - E&C                         | 155,562    | 320,934    | 107,841    | 104,326                                                                   |  |
| Environment                          | 9,097      | 74,236     | 11,191     | 10,473                                                                    |  |
| Latin America - E&C                  | 9,308      | 58,518     | 412,744    | 361,294                                                                   |  |
| Capital                              | 4,947      | 16,776     | 73,050     | 76,838                                                                    |  |
| Europe - E&C                         | 5,965      | 18,722     | -          | -                                                                         |  |
| MEXT                                 | 8,874      | 21,126     | 2,677      | 2,109                                                                     |  |
| Others, eliminations and intra-group | 130        | 975        | 26,832     | 26,725                                                                    |  |
|                                      | 193,883    | 511,286    | 634,335    | 581,765                                                                   |  |

(a) Net increase (increases – disposals) occured in the period in the captions intangible assets, tangible assets and right of use assets, excluding the ones related to the concessions business in Mexico.

#### **3. Financial results**

The financial results (financial income and gains - financial costs and losses) for the six-month periods ended at June 30, 2025 and 2024 can be analyzed as follows:

|                                                                                                                           | 2025      | 2024     |
|---------------------------------------------------------------------------------------------------------------------------|-----------|----------|
| Financial income and gains                                                                                                |           |          |
| Financial assets recorded at amortized cost:                                                                              |           |          |
| Interest income                                                                                                           | 32,059    | 75,498   |
| Prompt payment discounts received                                                                                         | 261       | 143      |
| Favourable exchange differences                                                                                           | 55,699    | 62,205   |
| Other financial assets:                                                                                                   |           |          |
| Income from equity investments - Other financial investments recorded at fair value through other<br>comprehensive income | 1         | 884      |
| Other financial income and gain                                                                                           | 9,322     | 3,186    |
|                                                                                                                           | 97,342    | 141,916  |
| Financial costs and losses                                                                                                |           |          |
| Financial liabilities recorded at amortized cost                                                                          |           |          |
| Interest expenses                                                                                                         | 160,491   | 153,783  |
| Prompt payment discounts granted                                                                                          | 20        | 235      |
| Unfavourable exchange differences                                                                                         | 37,806    | 63,890   |
| Other financial liabilities:                                                                                              |           |          |
| Other financial costs and losses                                                                                          | 15,830    | 19,009   |
|                                                                                                                           | 214,148   | 236,917  |
|                                                                                                                           | (116,806) | (95,001) |

In the six-month period ended at June 30, 2025, the decrease occurred in the caption "Interest income" was justified, essentially, by the Mexican concession companies, which started to be consolidated using the equity method from June 30, 2024, as well as by the reduction in 2025 of the term deposits and the loans granted by Mota-Engil México.

#### **4. Gains / (losses) in associates and joint ventures**

In the six-month periods ended at June 30, 2025 and 2024, the balance of this caption was justified, by the positive side, by the gains appropriated in Martifer and in Lineas Group and, by the negative side, with greater weight in the first semester of 2025, by the losses appropriated by some concession companies, namely in Angola and in Mexico, which are still in an early stage of their activity.

#### **5. Gains / (losses) on the acquisition and disposal of subsidiaries, joint ventures and associated companies**

In the six-month period ended at June 30, 2025, the balance of this caption corresponded, essentially, to the capital gain generated with the sale of 50% of Besix – ECB SPE, Lta.

In the six-month period ended at June 30, 2024, the balance of this caption corresponded, essentially, to the capital gain generated with the sale of 9% of Lineas Subgroup (1,900 thousand euros), as well as by the the gain generated with the revaluation of some Mexican concession companies following the loss of its control (20,000 thousand euros).

#### **6. Earnings per share**

The Company issued only ordinary shares and therefore there are no special dividends or voting rights.

Furthermore, there are no situations in the Group that might lead to a reduction of earnings per share as a result of options, warrants, convertible bonds or other rights associated to ordinary shares. Therefore, there is no dissimilarity between the calculation of basic earnings per share and the calculation of diluted earnings per share.

In the six-month periods ended at June 30, 2025 and 2024 no shares were issued. Therefore, at June 30, 2025 and 2024, the share capital of the Company arose to 306,775,950 euros and was represented by 306,775,950 ordinary shares with a nominal value of 1 Euro each.

Additionally, in the first semester of 2025, the Company sold all the own shares it held (6,091,581).

Lastly, in the six-month periods ended at June 30, 2025 and 2024, the calculation of the earnings per share can be detailed as follows:

|                                                                 |                  | 2025        | 2024        |
|-----------------------------------------------------------------|------------------|-------------|-------------|
| Consolidated net profit of the period attributable to the Group | (I)              | 59,435      | 49,336      |
|                                                                 |                  |             |             |
| Number of shares outstanding at the begining of the period      |                  | 306,775,950 | 306,775,950 |
| Number of shares outstanding at the end of the period           |                  | 306,775,950 | 306,775,950 |
| Weighted average number of ordinary shares                      | (II)             | 306,775,950 | 306,775,950 |
| Number of own shares at the begining of the period              |                  | 6,091,581   | 6,091,581   |
| Number of own shares at the end of the period                   |                  | -           | 6,091,581   |
| Weighted average number of own shares                           | (III)            | 5,008,633   | 300,684,369 |
| Average number of shares outstanding                            | (II - III)       | 301,767,317 | 300,684,369 |
| Earnings per share:                                             |                  |             |             |
| basic                                                           | (I) / (II - III) | 0.197 €     | 0.164 €     |
| diluted                                                         | (I) / (II - III) | 0.197 €     | 0.164 €     |

#### **7. Financial investments in associated companies and in joint ventures**

At June 30, 2025 and December 31, 2024, the detail of the financial investments in associated companies was as follows:

|                                                                         | 30.06.2025 | 31.12.2024 |
|-------------------------------------------------------------------------|------------|------------|
|                                                                         |            |            |
| Consorcio Tren Ligero Línea 4 Guadalajara (Latin America - E&C segment) | 40,075     | 40,922     |
| Martifer (Others, eliminations and intragroup segment)                  | 28,232     | 27,832     |
| APP Coatzacoalcos Villahermosa (Latin America - E&C segment)            | 22,028     | 21,274     |
| Autopista Urbana Siervo de la Nación (Latin America - E&C segment)      | 20,134     | 21,705     |
| Desarrolladora Multimodal Istmo (Latin America - E&C segment)           | 12,946     | 12,486     |
| APP Tamaulipas SAPI (Latin America - E&C segment)                       | 10,814     | 7,683      |
| Concesionaria Alternativas Viales (Latin America - E&C segment)         | 6,470      | 8,514      |
| Infraconnect Fifteen Kenya (Africa - E&C segment)                       | 5,545      | 5,434      |
| Others                                                                  | 22,352     | 20,322     |
|                                                                         | 168,596    | 166,173    |

At June 30, 2025 and December 31, 2024, the detail of the financial investments in joint ventures was as follows:

|                                                                          | 30.06.2025 | 31.12.2024 |
|--------------------------------------------------------------------------|------------|------------|
|                                                                          |            |            |
| Mota-Engil Aeropuertos (Latin America - E&C segment)                     | 109,279    | 54,957     |
| Companies associated with the Lobito Corridor (Africa - E&C segment)     | 91,438     | 87,648     |
| Lineas Group (Capital segment)                                           | 72,273     | 76,197     |
| Azpau (Latin America – E&C segment)                                      | 65,973     | 69,762     |
| CMRO Nayarit (Latin America - E&C segment)                               | 41,544     | 38,526     |
| Concesionaria Cua and Vías Y Construciones (Latin America - E&C segment) | 33,956     | 28,589     |
| Sistemas Electricos Metropolitanos (Latin America - E&C segment)         | 19,268     | 19,869     |
| Mota-Engil O&M México (Latin America – E&C segment)                      | 13,011     | 14,882     |
| Consorcio Línea Panama Norte (Latin America - E&C segment)               | 8,231      | 9,354      |
| Others                                                                   | 10,767     | 15,808     |
|                                                                          | 465,739    | 415,592    |

#### **8. Other financial investments**

At June 30, 2025 and December 31, 2024, the detail of the other financial investments was as follows:

|                                                                                       | 30.06.2025 | 31.12.2024 |
|---------------------------------------------------------------------------------------|------------|------------|
| Other financial investments recorded at amortized cost                                |            |            |
| Non-current                                                                           |            |            |
| Mozambique sovereign bons                                                             | 14,649     | 18,656     |
|                                                                                       | 14,649     | 18,656     |
| Current                                                                               |            |            |
| Mozambique sovereign bons                                                             | 2,956      | 2,258      |
|                                                                                       | 2,956      | 2,258      |
|                                                                                       | 17,606     | 20,913     |
| Other financial investments recorded at fair value through other comprehensive income |            |            |
| BAI - Banco Angolano de Investimentos                                                 | 51,083     | 42,583     |
| Invesurb investment fund                                                              | 5,737      | 5,770      |
| STI                                                                                   | 4,781      | 5,410      |
| Autopista Urbano Tramo Oriente                                                        | 3,855      | 3,952      |
| Auto - Sueco Angola                                                                   | 2,044      | 2,044      |
| Others                                                                                | 14,045     | 15,499     |
|                                                                                       | 81,546     | 75,258     |

In the six-month period ended at June 30, 2025, the increase occurred in the financial investment in "BAI – Banco Angolano de Investimentos" was justified by the updating of its fair-value.

#### **9. Cash and cash equivalents and Other financial applications**

The amounts included in the captions "Cash and cash equivalents with recourse – Demand deposits" and "Other financial applications" at June 30, 2025 and December 31, 2024 can be analyzed as follows:

|                                | Demand deposits |            | Other financial applications |            | Total      |            |
|--------------------------------|-----------------|------------|------------------------------|------------|------------|------------|
|                                | 30.06.2025      | 31.12.2024 | 30.06.2025                   | 31.12.2024 | 30.06.2025 | 31.12.2024 |
| Other treasury applications    | 3,402           | 6,655      | -                            | -          | 3,402      | 6,655      |
| Bank deposits and cash in hand |                 |            |                              |            |            |            |
| Bank deposits                  | 360,644         | 359,122    | 133,169                      | 110,322    | 493,813    | 469,444    |
| Cash in hand                   | 6,903           | 1,877      | -                            | -          | 6,903      | 1,877      |
|                                | 370,949         | 367,654    | 133,169                      | 110,322    | 504,118    | 477,977    |

The amounts included in the caption "Cash and cash equivalents without recourse – Demand deposits" at June 30, 2025 and December 31, 2024 can be analyzed as follows:

|                                | Demand deposits |            |  |
|--------------------------------|-----------------|------------|--|
|                                | 30.06.2025      | 31.12.2024 |  |
| Bank deposits and cash in hand |                 |            |  |
| Bank deposits                  | 99,418          | 71,414     |  |
| Cash in hand                   | 48              | 2,065      |  |
|                                | 99,466          | 73,480     |  |

#### **10. Loans**

The amounts related to loans with recourse at June 30, 2025 and December 31, 2024 can be analyzed as follows:

|                                     | Current<br>(until 1 year) | between 1 and<br>2 years | between 2 and<br>5 years | more than 5<br>years | Non-current | Total     |
|-------------------------------------|---------------------------|--------------------------|--------------------------|----------------------|-------------|-----------|
| 30.06.2025                          |                           |                          |                          |                      |             |           |
| Non-convertible bond loans          | 43,843                    | 42,611                   | 291,433                  | -                    | 334,044     | 377,887   |
| Amounts owe to credit institutions: |                           |                          |                          |                      |             |           |
| Bank loans                          | 349,325                   | 403,882                  | 535,207                  | 16,707               | 955,797     | 1,305,122 |
| Overdraft facilities                | 106,010                   | -                        | -                        | -                    | -           | 106,010   |
| Revolving facilities                | 75,890                    | -                        | -                        | -                    | -           | 75,890    |
| Other loans obtained:               |                           |                          |                          |                      |             |           |
| Commercial paper issues             | 186,652                   | 4,020                    | 6,980                    | -                    | 11,000      | 197,652   |
| Others                              | 7,628                     | -                        | -                        | -                    | -           | 7,628     |
|                                     | 769,346                   | 450,513                  | 833,620                  | 16,707               | 1,300,841   | 2,070,187 |
| 31.12.2024                          |                           |                          |                          |                      |             |           |
| Non-convertible bond loans          | 60,880                    | 62,232                   | 210,100                  | 1,800                | 274,132     | 335,012   |
| Amounts owe to credit institutions: |                           |                          |                          |                      |             |           |
| Bank loans                          | 523,060                   | 376,606                  | 584,107                  | 21,832               | 982,545     | 1,505,606 |
| Overdraft facilities                | 37,465                    | -                        | -                        | -                    | -           | 37,465    |
| Revolving facilities                | 3,833                     | -                        | -                        | -                    | -           | 3,833     |
| Other loans obtained:               |                           |                          |                          |                      |             |           |
| Commercial paper issues             | 108,595                   | 42,690                   | -                        | -                    | 42,690      | 151,285   |
| Others                              | 18,376                    | 2,952                    | 701                      | -                    | 3,653       | 22,029    |
|                                     | 752,210                   | 484,480                  | 794,908                  | 23,632               | 1,303,020   | 2,055,230 |

The amounts related to loans without recourse at June 30, 2025 and December 31, 2024 can be analyzed as follows:

|                                     | Current (until<br>1 year) | between 1 and<br>2 years | between 2 and<br>5 years | more than 5<br>years | Non-current | Total   |
|-------------------------------------|---------------------------|--------------------------|--------------------------|----------------------|-------------|---------|
| 30.06.2025                          |                           |                          |                          |                      |             |         |
| Amounts owe to credit institutions: |                           |                          |                          |                      |             |         |
| Bank loans                          | 27,685                    | 54,759                   | 77,743                   | 78,689               | 211,191     | 238,875 |
| Revolving facilities                | 4,786                     | -                        | -                        | -                    | -           | 4,786   |
| Other loans obtained:               |                           |                          |                          |                      |             |         |
| Commercial paper issues             | 3,000                     | -                        | -                        | -                    | -           | 3,000   |
|                                     | 35,471                    | 54,759                   | 77,743                   | 78,689               | 211,191     | 246,661 |
| 31.12.2024                          |                           |                          |                          |                      |             |         |
| Amounts owe to credit institutions: |                           |                          |                          |                      |             |         |
| Bank loans                          | 53,786                    | 25,027                   | 74,080                   | 86,542               | 185,650     | 239,437 |
| Revolving facilities                | 5,006                     | -                        | -                        | -                    | -           | 5,006   |
| Other loans obtained:               |                           |                          |                          |                      |             |         |
| Commercial paper issues             | 2,245                     | 2,000                    | -                        | -                    | 2,000       | 4,245   |
|                                     | 61,038                    | 27,027                   | 74,080                   | 86,542               | 187,650     | 248,688 |

#### **11. Other financial liabilities**

The amounts related to other financial liabilities at June 30, 2025 and December 31, 2024 can be analyzed as follows:

|                               | Non-current |            | Current    |            |
|-------------------------------|-------------|------------|------------|------------|
|                               | 30.06.2025  | 31.12.2024 | 30.06.2025 | 31.12.2024 |
| Factoring                     | -           | -          | 130,307    | 141,415    |
| Payment management operations | 81,016      | 44,829     | 117,959    | 125,538    |
| Anticipation of credits       | -           | -          | 100,000    | 100,000    |
|                               | 81,016      | 44,829     | 348,266    | 366,953    |

#### **12. Changes in the consolidation perimeter**

In the six-month period ended at June 30, 2025, the changes occurred in the consolidation perimeter were as follows:

#### Companies incorporated / consolidated by the first time

| Business segment - Africa - E&C |
|---------------------------------|
| Mota-Engil África O&G           |

| Business segment - Latin America - E&C |  |  |
|----------------------------------------|--|--|
| Consorcio San Filipe II                |  |  |
| Consorcio Vias Barranquilla            |  |  |
| Foro Aztlan                            |  |  |
| Aeropuertos del Norte                  |  |  |

| Business segment - Capital          |
|-------------------------------------|
| EMMAAV                              |
| Lineafinis Investimentos SGPS, S.A. |
| Lineas III - Concessões, S.A.       |

#### Participations increase

**Business segment - Latin America - E&C**

Empresa Construtora Brasil, S.A. (company already controlled)

#### Exit of companies

| Business segment - Latin America - E&C  |
|-----------------------------------------|
| Besix - ECB SPE (sold)                  |
| Constructora APP Tabasvera (liquidated) |

#### Changes in the consolidation method

**Change in the consolidation method from full integration method to equity method of the folowing Latin America - E&C company**

RELATÓRIO ÚNICO 2024

Terminales del Istmo Salina Cruz y Coatzacoalcos

#### **13. Others**

#### Consolidated statements of other comprehensive income

In the six-month period ended at June 30, 2025, the exchange differences arising from the translation of financial statements expressed in foreign currencies were originated, mainly, in Africa, namely in Angola, Mozambique and Nigeria, countries whose currencies are strongly correlated with the evolution of the United States Dollar.

In the six-month periods ended at June 30, 2025 and 2024, the changes, net of taxes, in the fair value of derivative financial instruments of cash flow hedges in companies consolidated by the equity method were due, essentially, to Douro Interior.

In the six-month period ended at June 30, 2024, the changes, net of taxes, in the revaluation surplus of tangible assets and right of use assets were due, essentially, to the update of the fair value of some real state assets and heavy equipment's held by the Group in Africa.

#### Consolidated statements of changes in equity

In the six-month period ended at June 30, 2025, the Company sold 6,091,581 own shares by the amount, net of commissions, of circa of 26,500 thousand euros. Those shares, were recorded on the sale date by circa of 10,232 thousand euros. The gain generated in this transaction, of circa of 16,200 thousand euros, was recorded in the caption "Other reserves and retained earnings".

In the six-month period ended at June 30, 2025, the "Other acquisitions / disposals of non-controlling interests" referred, essentially, to the acquisition of the additional 50% stake in the share capital of Empresa Construtora do Brasil, an entity that was already controlled by the Group, from Santo António do Bonsucesso Participações Societárias.

In the six-month period ended at June 30, 2024, the "Other acquisitions / disposals of non-controlling interests" referred, essentially, to the acquisition of the additional 38.5% stake in the share capital of Suma, an entity that was already controlled by the Group, from Urbaser Group.

#### Liquidity

At June 30, 2025, the Group´s liquidity position (capital and interest component) can be analyzed as follows:

|                                                                  | 30.06.2025 |                 |             |              |             |
|------------------------------------------------------------------|------------|-----------------|-------------|--------------|-------------|
|                                                                  |            | Between 1 and 2 | More than 2 |              |             |
|                                                                  | < 1 year   | years           | years       | Undetermined | Total       |
| Financial assets                                                 |            |                 |             |              |             |
| Financial assets recorded at amortized cost                      |            |                 |             |              |             |
| Cash and cash equivalents / other financial applications         | 604,763    | -               | -           | -            | 604,763     |
| Customers                                                        | 1,211,571  | 133,468         | -           | -            | 1,345,039   |
| Other debtors - others                                           | 416,567    | 93,764          | 15,907      | -            | 526,238     |
| Associates and related companies                                 | 115,711    | 178,417         | -           | -            | 294,128     |
| State and other public entities (except corporate income tax)    | 131,494    | -               | -           | -            | 131,494     |
| Other financial investments recorded at amortized cost           | 3,353      | 8,392           | 7,013       | -            | 18,758      |
| Financial assets recorded at fair value                          |            |                 |             |              |             |
| Other financial investments recorded at fair value through other |            |                 |             |              |             |
| comprehensive income                                             | -          | -               | -           | 81,546       | 81,546      |
| Total financial assets within the scope of IFRS - 9              | 2,483,458  | 414,041         | 22,921      | 81,546       | 3,001,967   |
|                                                                  |            |                 |             |              |             |
| Other non financial assets                                       |            |                 |             |              |             |
| Inventories                                                      | 459,500    | -               | -           | -            | 459,500     |
| Contract assets                                                  | 858,362    | 156             | -           | -            | 858,518     |
| Advances to suppliers                                            | 130,562    | -               | -           | -            | 130,562     |
| Other current and non-current assets                             | 467,713    | 59,658          | -           | -            | 527,372     |
| Corporate income tax                                             | 26,909     | -               | -           | -            | 26,909      |
| Non-current assets held for sale                                 | 126,697    | -               | -           | -            | 126,697     |
| Total non financial assets                                       | 2,069,744  | 59,814          | -           | -            | 2,129,559   |
| Total assets                                                     | 4,553,203  | 473,856         | 22,921      | 81,546       | 5,131,525   |
|                                                                  |            |                 |             |              |             |
| Financial liabilities recorded at amortized cost / fair value    |            |                 |             |              |             |
| Loans with and without recourse                                  | 988,080    | 624,874         | 1,070,467   | -            | 2,683,421   |
| Other financial liabilities                                      | 384,937    | 45,576          | 45,979      | -            | 476,492     |
| Suppliers and sundry creditors                                   | 1,418,231  | 11,054          | -           | -            | 1,429,285   |
| Derivative financial instruments                                 | -          | 112             | -           | -            | 112         |
| Total financial liabilities within the scope of IFRS - 9         | 2,791,248  | 681,617         | 1,116,446   | -            | 4,589,310   |
| Financial liabilities outside the scope of IFRS - 9              |            |                 |             |              |             |
| Lease liabilities                                                | 160,225    | 88,420          | 103,619     | -            | 352,264     |
| Total financial liabilities                                      | 2,951,472  | 770,037         | 1,220,065   | -            | 4,941,574   |
|                                                                  |            |                 |             |              |             |
| Other non financial liabilities                                  |            |                 |             |              |             |
| Contract liabilities                                             | 1,009,738  | 129,641         | -           | -            | 1,139,379   |
| Other current and non-current liabiliites                        | 1,054,897  | 117,815         | -           | -            | 1,172,712   |
| Corporate income tax                                             | 9,577      | -               | -           | -            | 9,577       |
| Non-current liabilities held for sale                            | 19,292     | -               | -           | -            | 19,292      |
| Total non financial liabilities                                  | 2,093,503  | 247,456         | -           | -            | 2,340,959   |
| Total liabilities                                                | 5,044,976  | 1,017,493       | 1,220,065   | -            | 7,282,533   |
|                                                                  |            |                 |             |              |             |
| Liquidity Gap                                                    | (491,773)  | (543,637)       | (1,197,144) | 81,546       | (2,151,008) |

Accordingly with the liquidity management policy defined by the Group, and in order to mitigate the liquidity gap disclosed at June 30, 2025, it had available but unused credit lines of 273 million euros (570 million euros at December 31, 2024). On the other hand, after June 30, 2025, the Group has already refinanced or is in process of refinancing 844 million euros of bank debt (593 million euros at December 31, 2024).

#### **14. Subsequent events**

Up to the issuance date of this report, we highlight the following events occurred after June 30, 2025:

"MOTA – ENGIL INFORMS ABOUT THE SIGNING OF THE CONTRACT FOR THE AWARD OF THE FIRST PHASE OF THE HIGH-SPEED RAILWAY PROJECT CONCESSION IN PORTUGAL

Mota-Engil S.G.P.S., S.A. ("Mota-Engil") informs that, today, the consortium LusoLav-Gestão de Alta Velocidade, S.A. ("LusoLav"), where Mota-Engil holds a 45% stake, has signed with Infraestruturas de Portugal the Public Private Partnership (PPP) concession contract of the High-Speed Railway line in Portugal, between Porto (Campanhã) and Oiã (Oliveira do Bairro) ("Concession"), amounting to €1,661 million (present value of the availability payments).

The Concession term, under an availability regime, amounts to 30 years, of which 5 years for construction and 25 years for maintenance, thus ending on July 29, 2055 and includes the design, project, construction and financing of the following railway works: (i) a 71-kilometer new High-Speed line between Campanhã Station in Porto and Oiã; (ii) the adaptation of the current Campanhã Station to High-Speed requirements; (iii) a new station in Vila Nova de Gaia; (iii) crossings over the Douro River (one exclusively dedicated to the new High-Speed line and the other dedicated to road traffic); (iv) connections to the Northern railway Line near Canelas; and (v) a new electric traction substation in the Estarreja area.

The Concession contract also includes the maintenance and provision of the aforementioned elements for a period of 25 years, with the exception of Campanhã Station and Gaia Station.

Furthermore, it should be highlighted that the LusoLav Consortium as secured the financing of the project (financial close) through a bank syndicate comprising 12 banks and financial institutions, national and mostly international, including the European Investment Bank, and that during the construction stage the project will also benefit from European Union funds through the "Connecting urope Facility", which amount to €480 million.

On the other hand, the contract now signed, will not only reinforce Mota- ngil's concession business, but will also significantly reinforce, by c.€800 million, the backlog of the ngineering & Construction segment in Portugal, being expected the beginning of the works by the end of 2025."

"MOTA- NGIL INFORMS ON TH SIGNING OF CONTRACTS IN PORTUGAL, M XICO AND RWANDA IN A TOTAL AMOUNT OF €560 MILLION

Mota-Engil S.G.P.S., S.A. ("Mota-Engil") informs that it has signed a railway construction contract in Mexico, with a total value of approximately €290 million.

The contract includes the design and construction of the first awarded section of the Querétaro–Irapuato train connection, covering a total length of 30.3 km and designed to accommodate up to 11,000 daily passengers.

The Querétaro–Irapuato railway is a strategic project within Mexico's National Railway Plan, to be implemented from 2025. This national initiative aims to enhance mobility, promote sustainability, and support regional development and urban modernization, providing a safe, efficient, and environmentally responsible transportation alternative that is expected to deliver significant economic benefits across one of Mexico's most dynamic regions.

This project is a key milestone in the modernization of passenger rail transportation in the Bajío region, significantly improving connectivity between major cities such as Querétaro, Celaya, Salamanca, and Irapuato, while also acting as a catalyst for industrial and regional development through enhanced mobility infrastructure.

In Portugal, the company signed a building contract worth €108 million with an estimated duration of 29 months and involves the execution of a residential project in Lisbon.

In Rwanda, Mota-Engil Africa signed additional awards under the Work Stream II of the Bugesera International Airport amounting to €162 million. The project will be a very relevant connection hub in the African continent.

The award of these contracts reflects Mota-Engil's successful strategy to consolidate its leading position in Portugal, Mexico and in the African continent, confirming the commitment to sustainable infrastructure development and Mota-Engil's role as a trusted partner

Furthermore, the award of these new contracts reinforces the Group's backlog at record levels since 2024."

#### **15. Approval of the financial statements**

The attached consolidated financial statements were approved and authorized for issue by the Board of Directors at August 25, 2025.

## Appendix A. Consolidated companies

#### COMPANIES / ENTITIES INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS BY THE FULL CONSOLIDATION METHOD

At June 30, 2025 the companies / entities included in the accompanying consolidated financial statements by the full consolidation method, their headquarters, percentage of consolidation, activity, incorporation date and acquisition date were as follows:

| Designation                                                                                                                                | Headquarter                 | Percentage of<br>consolidation | Activity                                                                                      | Incorporation<br>date | Acquisition<br>date |
|--------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------|--------------------------------|-----------------------------------------------------------------------------------------------|-----------------------|---------------------|
| Parent Company of the Group and others                                                                                                     |                             |                                |                                                                                               |                       |                     |
| Mota-Engil, SGPS, S.A. ("Mota-Engil SGPS")                                                                                                 | Portugal<br>(Porto)         | -                              | Management of financial holdings                                                              | Aug-90                | -                   |
| ME 3I, SGPS, S.A. ("ME 3I SGPS")                                                                                                           | Portugal<br>(Linda-a-Velha) | 61.20                          | Management of financial holdings                                                              | Oct-11                | -                   |
| Through Mota-Engil Indústria e Inovação<br>Mota-Engil Global - Serviços Partilhados Administrativos e Técnicos, S.A. ("Mota-Engil Global") |                             | 61.20<br>100.00                |                                                                                               |                       |                     |
| Through Mota-Engil SGPS                                                                                                                    | Portugal<br>(Porto)         | 100.00                         | Administrative Services                                                                       | Dec-02                | -                   |
| Mota-Engil Indústria e Inovação, SGPS, S.A. ("Mota-Engil Indústria e Inovação")<br>Through Mota-Engil SGPS                                 | Portugal<br>(Linda-a-Velha) | 100.00<br>100.00               | Management of financial holdings                                                              | Nov-10                | -                   |
| Mota-Engil Mediação de Seguros, S.A. ("Mota-Engil Mediação")                                                                               | Portugal                    | 100.00                         | Insurance mediation                                                                           | Jul-20                | -                   |
| Through Mota-Engil SGPS                                                                                                                    | (Porto)                     | 100.00                         |                                                                                               |                       |                     |
| Capital                                                                                                                                    |                             |                                |                                                                                               |                       |                     |
| Botelho, Silva & Abreu, Lda. ("Botelho & Abreu")                                                                                           | Portugal                    | 100.00                         | Food and Beverage                                                                             | Aug-43                | Jun-19              |
| Through Largo do Paço                                                                                                                      | (Porto)                     | 100.00                         |                                                                                               |                       |                     |
| Clima Angola, SGPS S.A. ("Clima Angola")                                                                                                   | Portugal<br>(Vila Franca de | 100.00                         | Management of financial holdings                                                              | Oct-14                | Dec-24              |
| Through Mota-Engil Ativ                                                                                                                    | Xira)                       | 100.00                         |                                                                                               |                       |                     |
| Empresa de Manutenção de Alta Velocidade, S.A. ("EMMAAV")                                                                                  |                             | 57.32                          | Activities and services of                                                                    |                       |                     |
| Through Mota-Engil Concessões                                                                                                              | Portugal<br>(Porto)         | 33.32                          | operation, maintenance,<br>conservation and monitoring of                                     | Apr-25                | -                   |
| Through Mota-Engil Railway Engineering                                                                                                     |                             | 24.00                          | high-speed rail infrastructure                                                                |                       |                     |
| Greenclima, Lda. ("Greenclima")                                                                                                            | Angola                      | 99.00                          | Operation of an industrial unit for                                                           | Jul-15                | -                   |
| Through Clima Angola                                                                                                                       | (Luanda)                    | 99.00                          | the manufacture of metal articles                                                             |                       |                     |
| HLO - Sociedade Gestora do Edifício, S.A. ("HLO")                                                                                          |                             | 51.96                          | Management of the hospital                                                                    |                       |                     |
| Through Hygeia                                                                                                                             | Portugal<br>(Lisbon)        | 48.96                          | complex of Hospital de Lisboa                                                                 | Jan-24                | -                   |
| Through Mota-Engil Ativ, Mota-Engil Europa and Mota-Engil Engenharia e Construção                                                          |                             | 3.00                           | Oriental                                                                                      |                       |                     |
| HLO II - Sociedade Gestora do Parque de Estacionamento, S.A. ("HLO II")                                                                    | Portugal                    | 51.00                          | Management of the parking lot of                                                              | Jan-24                | -                   |
| Through Hygeia                                                                                                                             | (Lisbon)                    | 51.00                          | Hospital de Lisboa Oriental                                                                   |                       |                     |
| Hygeia – Edifícios Hospitalares, SGPS, S.A. ("Hygeia")                                                                                     | Portugal                    | 51.00                          |                                                                                               |                       |                     |
| Through Mota–Engil Engenharia e Construção                                                                                                 | (Lisbon)                    | 50.99                          | Management of financial holdings                                                              | Dec-18                | -                   |
| Through Mota-Engil Ativ, Mota-Engil Capital and Mota-Engil Concessões                                                                      |                             | 0.01                           |                                                                                               |                       |                     |
| mmo ark Gdańsk p z o o " mmo ark Gdańsk"                                                                                                   | Poland                      | 100.00                         | Design, construction, management                                                              | Mar-13                | -                   |
| Through SCP Financial Investments                                                                                                          | (Krakow)                    | 100.00                         | and exploitation of parking spaces                                                            |                       |                     |
| Largo do Paço – Investimentos Turísticos e Imobiliários, Lda. ("Largo do Paço")                                                            | Portugal                    | 100.00                         | Real Estate development                                                                       | -                     | Oct-01              |
| Through Mota–Engil Capital                                                                                                                 | (Amarante)                  | 100.00                         |                                                                                               |                       |                     |
| Mota-Engil Ativ - Gestão e Manutenção de Ativos, S.A. ("Mota-Engil Ativ")                                                                  | Portugal<br>(Linda-a-Velha) | 100.00                         | Maintenance and operation of<br>facilities                                                    | Jul-94                | Jun-98              |
| Through Mota–Engil Capital                                                                                                                 |                             | 100.00                         |                                                                                               |                       |                     |
| Mota-Engil Ativ Colombia SAS ("Mota-Engil Ativ Colombia")                                                                                  | Colombia                    | 100.00                         |                                                                                               |                       |                     |
| Through Mota-Engil Ativ                                                                                                                    | (Bogota)                    | 99.00                          | Asset management                                                                              | Jun-24                | -                   |
| Through Mota-Engil Colômbia<br>Mota-Engil Ativ Polska Sp. z.o.o. ("Mota-Engil Ativ Polska")                                                |                             | 1.00<br>100.00                 |                                                                                               |                       |                     |
| Through Mota-Engil Ativ                                                                                                                    | Poland<br>(Krakow)          | 100.00                         | Facilities management                                                                         | Nov-15                | -                   |
| Mota-Engil BCircle, Lda. ("Mota-Engil Bcircle")                                                                                            | Portugal<br>(Vila Franca de | 100.00                         | Technical solutions for circular<br>economy, recovery of organic<br>waste, energy production, | Sep-23                | -                   |
| Through Mota-Engil Ativ                                                                                                                    | Xira)                       | 100.00                         | research, innovation and<br>technological development                                         |                       |                     |
| Mota-Engil Capital, S.A. ("Mota-Engil Capital")                                                                                            | Portugal                    | 100.00                         |                                                                                               |                       |                     |
| Through Mota-Engil SGPS                                                                                                                    | (Porto)                     | 100.00                         | Management of financial holdings                                                              | Dec-22                | -                   |
| Mota-Engil Central Europe PPP Sp. z.o.o ("ME Central Europe PPP")                                                                          | Poland                      | 100.00                         | Design, construction, management                                                              |                       |                     |
| Through SCP Financial Investments                                                                                                          | (Krakow)                    | 100.00                         | and exploitation of parking spaces                                                            | Mar-12                | -                   |
| Mota-Engil Central Europe PPP 3 Sp. z.o.o ("ME Central Europe PPP 3")                                                                      | Poland                      | 100.00                         | Design, construction, management                                                              |                       |                     |
| Through SCP Financial Investments                                                                                                          | (Krakow)                    | 100.00                         | and exploitation of parking spaces                                                            | Apr-14                | -                   |
| Mota-Engil Central Europe PPP 4 Sp. z.o.o ("ME Central Europe PPP 4")                                                                      | Poland                      | 100.00                         | Design, construction, management                                                              |                       |                     |
| Through SCP Financial Investments                                                                                                          | (Krakow)                    | 100.00                         | and exploitation of parking spaces                                                            | Oct-20                | -                   |
|                                                                                                                                            |                             |                                |                                                                                               |                       |                     |

| Designation                                                                                                  | Headquarter            | Percentage of<br>consolidation | Activity                                                                                                        | Incorporation<br>date | Acquisition<br>date |
|--------------------------------------------------------------------------------------------------------------|------------------------|--------------------------------|-----------------------------------------------------------------------------------------------------------------|-----------------------|---------------------|
| Mota-Engil Central Europe PPP Road Sp. z.o.o ("ME Central Europe PPP Road")                                  |                        | 100.00                         |                                                                                                                 |                       |                     |
| Through SCP Financial Investments                                                                            | Poland<br>(Krakow)     | 100.00                         | Design, construction, management and<br>exploitation of parking spaces                                          | -                     | Nov-13              |
| Mota-Engil Concessões, S.A. ("Mota-Engil Concessões")                                                        | Portugal               | 100.00                         | Management of financial holdings                                                                                | Nov-21                | -                   |
| Through Mota-Engil Capital                                                                                   | (Porto)                | 100.00                         |                                                                                                                 |                       |                     |
| Mota-Engil Concessões Finance, S.A. ("Mota-Engil Concessões Finance")                                        | Portugal<br>(Porto)    | 100.00                         | Preparation of studies and projects,<br>planning, investment, financing and<br>asset management in the areas of | May-24                | -                   |
| Through Mota-Engil Concessões                                                                                |                        | 100.00                         | transport concessions                                                                                           |                       |                     |
| Mota-Engil PPP Sp. z.o.o. ("Mota-Engil PPP")                                                                 | Poland<br>(Krakow)     | 100.00                         | General construction of buildings and<br>civil engineering works                                                | Feb-20                | -                   |
| Through SCP Financial Investments                                                                            |                        | 100.00                         |                                                                                                                 |                       |                     |
| Mota-Engil Renewing, S.A. ("Mota-Engil Renewing")                                                            | Portugal               | 100.00                         | Energy, sustainable mobility, recycling                                                                         | Aug-18                | -                   |
| Through Mota-Engil Capital                                                                                   | (Porto)                | 100.00                         | and reuse and resource utilization                                                                              |                       |                     |
| Mota-Engil Renewing Energy, S.A. ("Mota-Engil Renewing Energy")                                              | Portugal               | 100.00                         | Energy, sustainable mobility, recycling                                                                         | Apr-24                | -                   |
| Through Mota-Engil Renewing                                                                                  | (Porto)                | 100.00                         | and reuse and resources utilization                                                                             |                       |                     |
| Mota-Engil Renewing Espanã, Sociedad Limitada ("Mota-Engil Renewing Espanha")                                | Spain                  | 100.00                         | Energy, sustainable mobility, recycling                                                                         | Jul-24                | -                   |
| Through Mota-Engil Renewing                                                                                  | (Madrid)               | 100.00                         | and reuse and resources utilization                                                                             |                       |                     |
| Mota-Engil Renewing Polska Sp. z.o.o. ("Mota-Engil Renewing Polska")                                         | Poland                 | 100.00                         | Energy, sustainable mobility, recycling                                                                         |                       |                     |
| Through Mota-Engil Renewing                                                                                  | (Krakow)               | 100.00                         | and reuse and resource utilization                                                                              | Feb-20                | -                   |
| SCP Financial Investments, S.A. ("SCP Financial Investments")                                                | Portugal               | 100.00                         |                                                                                                                 |                       |                     |
| Through Mota-Engil Concessões                                                                                | (Porto)                | 100.00                         | Management of financial holdings                                                                                | Nov-23                | -                   |
| VBT - rojectos e bras de rquitectura aisagística da " "<br>Through Mota-Engil Ativ                           | Angola                 | 60.00<br>50.00                 | Landscape gardening                                                                                             | Sep-08                | -                   |
| Through Mota-Engil Ambiente e Serviços                                                                       | (Luanda)               | 10.00                          |                                                                                                                 |                       |                     |
| Mext                                                                                                         |                        |                                |                                                                                                                 |                       |                     |
| Colhub - Coliving Beato, Lda. ("Colhub")                                                                     | Portugal               | 100.00                         | Set-up of a coliving space and provision                                                                        |                       |                     |
| Through Mota–Engil Next                                                                                      | (Porto)                | 95.00                          | of ancillary or related services                                                                                | Jun-22                | -                   |
| Through Mota-Engil Renewing<br>Corgimobil - Empresa Imobiliária das Corgas, Lda. ("Corgimobil")              | Portugal               | 5.00<br>97.25                  | Construction, studies and real estate                                                                           |                       |                     |
| Through Emerge                                                                                               | (Cascais)              | 97.25                          | activity                                                                                                        | -                     | Nov-00              |
| Emerge - Mota- ngil eal state evelopers<br>" merge"                                                          | Portugal<br>(Porto)    | 100.00                         | Real Estate development                                                                                         | Sep-01                | -                   |
| Through Mota-Engil Real Estate, SGPS                                                                         |                        | 100.00                         |                                                                                                                 |                       |                     |
| Logz - Atlantic Hub, S.A. ("Logz")<br>Through Mota-Engil Capital                                             | Portugal<br>(Lisbon)   | 100.00<br>100.00               | Management and provider of logistics<br>services                                                                | Jul-08                | Feb-20              |
| Luso Global Mining B.V. ("Luso Global Mining BV")                                                            | Netherlands            | 100.00                         | Management of financial holdings                                                                                | Oct-10                | -                   |
| Through Luso Global Mining                                                                                   | (Amsterdam)            | 100.00                         |                                                                                                                 |                       |                     |
| Luso Global Mining, S.A. ("Luso Global Mining")<br>Through Mota-Engil Next                                   | Portugal<br>(Porto)    | 100.00<br>100.00               | Mineral prospection and exploration                                                                             | Aug-20                | -                   |
| Luso Global Mining Angola - Prestação de Serviços e Indústria Extractiva, Lda. ("Luso Global Mining Angola") |                        | 99.90                          |                                                                                                                 |                       |                     |
| Through Luso Global Mining                                                                                   | Angola<br>(Luanda)     | 99.90                          | Mineral prospection and exploration                                                                             | Nov-21                | -                   |
| Luso Global Mining Cameroon, S.A. ("Luso Global Mining Cameroon")                                            | Portugal               | 100.00                         |                                                                                                                 |                       |                     |
| Through Luso Global Mining                                                                                   | (Porto)                | 100.00                         | Mineral prospection and exploration                                                                             | Dec-20                | -                   |
| Mamaland Company, S.A. ("Mamaland Company")                                                                  |                        | 100.00                         |                                                                                                                 |                       |                     |
| Through AMGP                                                                                                 | Portugal<br>(Porto)    | 55.28                          | Forestry and agricultural exploration                                                                           | Feb-18                | Sep-20              |
| Through Mota-Engil Next                                                                                      |                        | 44.72                          |                                                                                                                 |                       |                     |
| Mamaland - Produção Agroflorestal, Lda. ("Mamaland")<br>Through MEEC África                                  | Angola                 | 100.00<br>50.00                | Agroforestry ativity                                                                                            | Sep-21                | -                   |
| Through Mota Internacional                                                                                   | (Cabinda)              | 50.00                          |                                                                                                                 |                       |                     |
| M nvestitii<br>s r l "Mota- ngil nvestitii"                                                                  | Romania<br>(Bucharest) | 100.00                         | Real Estate development                                                                                         | -                     | Sep-07              |
| Through Mota-Engil Real Estate, SGPS<br>Mota-Engil Bionergy, Unipessoal, Lda. ("Mota-Engil Bionergy")        |                        | 100.00<br>100.00               | Design, development, installation,                                                                              |                       |                     |
| Through Mota-Engil Energia                                                                                   | Portugal<br>(Porto)    | 100.00                         | operation and maintenance of gas<br>production systems and renewable<br>electricity production                  | Sep-24                | -                   |
| Mota- ngil nergia<br>"Mota- ngil nergia"                                                                     |                        | 100.00                         | Promotion, development and                                                                                      |                       |                     |
| Through Mota-Engil Next                                                                                      | Portugal<br>(Porto)    | 100.00                         | management of facilities and activities<br>for the production, storage and sale of<br>energy                    | Jun-23                | -                   |
| Mota-Engil Next Investments, SGPS, S.A. ("Mota-Engil Next Investments")                                      | Portugal               | 100.00                         |                                                                                                                 |                       |                     |
| Through Mota-Engil Next                                                                                      | (Porto)                | 100.00                         | Management of financial holdings                                                                                | Nov-22                | -                   |
| Mota-Engil Next, S.A. ("Mota-Engil Next")<br>Through Mota-Engil SGPS                                         | Portugal<br>(Porto)    | 100.00<br>100.00               | Management of financial holdings                                                                                | Feb-18                | -                   |
| Mota-Engil Real Estate juda ociedade nipessoal da "Mota- ngil eal state juda"                                | Portugal               | 100.00                         | Real Estate development                                                                                         | Mar-22                | -                   |
| Through Emerge<br>Mota-Engil Real Estate lverca ociedade nipessoal da "Mota- ngil eal state lverca"          | (Porto)                | 100.00<br>100.00               |                                                                                                                 |                       |                     |
| Through Emerge                                                                                               | Portugal<br>(Porto)    | 100.00                         | Real Estate development                                                                                         | Apr-22                | -                   |

| Designation                                                                                                 | Headquarter                        | Percentage of<br>consolidation | Activity                                                                                               | Incorporation<br>date | Acquisition<br>date |
|-------------------------------------------------------------------------------------------------------------|------------------------------------|--------------------------------|--------------------------------------------------------------------------------------------------------|-----------------------|---------------------|
| Mota-Engil Real Estate Aurora, Sociedade Unipessoal, Lda. "Mota- ngil eal state urora"<br>Through Emerge    | Portugal<br>(Porto)                | 100.00<br>100.00               | Real Estate development                                                                                | Apr-22                | -                   |
| Mota- ngil eal state reixieiro ociedade nipessoal da "Mota- ngil eal state reixieiro"<br>Through Emerge     | Portugal<br>(Porto)                | 100.00<br>100.00               | Real Estate development                                                                                | Apr-22                | -                   |
| Mota-Engil Real Estate Grijó, Sociedade Unipessoal, Lda. "Mota- ngil eal state Grijó"<br>Through Emerge     | Portugal<br>(Porto)                | 100.00<br>100.00               | Real Estate development                                                                                | Apr-22                | -                   |
| Mota- ngil eal state Moagem ociedade nipessoal da "Mota- ngil eal state Moagem"<br>Through Emerge           | Portugal<br>(Porto)                | 100.00<br>100.00               | Real Estate development                                                                                | Apr-22                | -                   |
| Mota-Engil Real Estate, SGPS, S.A. ("Mota-Engil Real Estate SGPS")<br>Through Mota-Engil Next               | Portugal<br>(Porto)                | 100.00<br>100.00               | Management of financial holdings                                                                       | Dec-02                | -                   |
| Oriental Hub, S.A. ("Oriental Hub")<br>Through Mota–Engil Engenharia e Construção                           | Portugal<br>(Porto)                | 100.00<br>100.00               | Design, construction, rehabilitation<br>and operation of the Old Industrial<br>Slaughterhouse of Porto | Nov-18                | -                   |
| Turalgo- ociedade de romoção mobiliária e urística do lgarve<br>" uralgo"                                   | Portugal<br>(Oeiras)               | 51.00                          | Real Estate development                                                                                | May-92                | -                   |
| Through Emerge<br>Wouri Resources, S.A. ("Wouri Resources")                                                 | Portugal<br>(Porto)                | 51.00<br>100.00                | Mineral prospection and exploration                                                                    | Dec-22                | -                   |
| Through Luso Global Mining                                                                                  |                                    | 100.00                         |                                                                                                        |                       |                     |
| Environment                                                                                                 |                                    |                                |                                                                                                        |                       |                     |
| AGIR - Ambiente e Gestão Integrada de Resíduos, Lda. ("Agir")<br>Through Mota<br>-Engil Ambiente e Serviços | Cape Verde<br>(Praia)              | 100.00<br>50.00                | Collection of urban solid waste                                                                        | Dec-07                | -                   |
| Through Suma<br>Akwangola, S.A. ("Akwangola")                                                               |                                    | 50.00<br>67.00                 |                                                                                                        |                       |                     |
| Through Mota-Engil Angola                                                                                   | Angola<br>(Luanda)                 | 67.00                          | Exploitation of water market                                                                           | Dec-10                | Dec-13              |
| Algar - Valorização e Tratamento de Resíduos Sólidos, S.A. ("Algar")<br>Through EGF                         | Portugal<br>(Loulé)                | 55.99<br>55.99                 | Treatment and recovery of urban<br>solid waste                                                         | -                     | Jun-15              |
| Amarsul- Valorização e Tratamento de Resíduos Sólidos, S.A. ("Amarsul")<br>Through EGF                      | Portugal<br>(Setúbal)              | 50.99<br>50.99                 | Treatment and recovery of urban<br>solid waste                                                         | -                     | Jun-15              |
| Clean Eburnie SARL ("Clean Eburnie")                                                                        |                                    | 60.00                          | Technical studies, conception,                                                                         |                       |                     |
| Through MEEC África                                                                                         | Ivory Coast<br>(Abidjan)           | 60.00                          | finance, construction and exploration<br>of landfills                                                  | Dec-17                | -                   |
| Eco Eburnie, S.A. ("Eco Eburnie")<br>Through MEEC África                                                    | Ivory Coast<br>(Abidjan)           | 100.00<br>100.00               | Collection of urban solid waste and<br>cleaning and maintenance of streets                             | Oct-17                | -                   |
| Eco Vision LLC ("Eco Vision")<br>Through Suma                                                               | Oman<br>(Muscat)                   | 51.00<br>51.00                 | Treatment and recovery of urban<br>solid waste                                                         | Jul-15                | -                   |
| Ecolife, S.A. ("Ecolife")<br>Through Mota-Internacional                                                     | Mozambique<br>(Maputo)             | 70.00<br>40.00                 | Collection of urban solid waste                                                                        | Dec-13                | -                   |
| Through Suma<br>Ekosrodowisko z.o.o. In Liquidation ("Ekosrodowisko")                                       | Poland<br>(Bytom)                  | 30.00<br>100.00                | Collection of urban solid waste                                                                        | Feb-05                | Dec-05              |
| Through MES<br>Empresa Geral de Fomento, S.A. ("EGF")                                                       | Portugal                           | 100.00<br>99.99                | Treatment and recovery of urban                                                                        |                       |                     |
| Through Suma Tratamento                                                                                     | (Lisbon)                           | 99.99                          | solid waste                                                                                            | -                     | Jun-15              |
| Ersuc - Resíduos Sólidos do Centro, S.A. ("Ersuc")<br>Through EGF                                           | Portugal                           | 57.43<br>51.45                 | Treatment and recovery of urban                                                                        | -                     | Jun-15              |
| Through Suma                                                                                                | (Coimbra)                          | 5.98                           | solid waste                                                                                            |                       |                     |
| Geres Participações, S.A. ("Geres Participações")<br>Through Suma                                           | Brazil<br>(Belo<br>Horizonte)      | 100.00<br>100.00               | Management of financial holdings                                                                       | Dec-14                | Oct-21              |
| MES, Mota-Engil Srodowisko, Sp. z.o.o. ("MES")<br>Through Suma                                              | Poland<br>(Krakow)                 | 100.00<br>100.00               | Collection of urban solid waste                                                                        | Dec-05                | -                   |
| Mota- ngil mbiente e erviços G<br>"Mota- ngil mbiente e erviços"<br>Through Mota-Engil Europa               | Portugal<br>(Porto)                | 100.00<br>100.00               | Management of financial holdings                                                                       | Jun-97                | -                   |
| Novaflex - Técnicas do Ambiente, S.A. ("Novaflex")<br>Through Suma                                          | Portugal<br>(Lisbon)               | 100.00<br>100.00               | Collection of non-hazardous waste                                                                      | -                     | Dec-07              |
| Real Verde - Técnicas de Ambiente, S.A. ("Real Verde")<br>Through Novaflex                                  | Portugal<br>(Vila Real)            | 100.00<br>100.00               | Treatment and disposal of non<br>hazardous waste                                                       | Dec-07                | -                   |
| Resiestrela - Valorização e Tratamento de Resíduos Sólidos, S.A. ("Resiestrela")<br>Through EGF             | Portugal<br>(Castelo               | 62.94<br>62.94                 | Treatment and recovery of urban<br>solid waste                                                         | -                     | Jun-15              |
| Resiges - Gestão de Resíduos Hospitalares, Lda. ("Resiges")                                                 | Branco)<br>Portugal                | 100.00                         | Collection of hazardous waste                                                                          | May-98                | Dec-07              |
| Through Novaflex<br>Resinorte - Valorização e Tratamento de Resíduos Sólidos, S.A. ("Resinorte")            | (Setúbal)<br>Portugal              | 100.00<br>75.10                | Treatment and recovery of urban                                                                        | -                     | Jun-15              |
| Through EGF<br>Resulima - Valorização e Tratamento de Resíduos Sólidos, S.A. ("Resulima")                   | (Braga)<br>Portugal                | 75.10<br>50.99                 | solid waste<br>Treatment and recovery of urban                                                         |                       |                     |
| Through EGF<br>SIGAMB - Sistemas de Gestão Ambiental, Lda. ("SIGAMB")                                       | (Viana do<br>Castelo)              | 50.99<br>99.90                 | solid waste                                                                                            | -                     | Jun-15              |
| Through Novaflex                                                                                            | Angola<br>(Luanda)                 | 99.90                          | Technical studies, consultancy and<br>formation in the environmental area                              | Feb-14                | -                   |
| Suldouro - Valorização e Tratamento de Resíduos Sólidos, S.A. ("Suldouro")<br>Through EGF                   | Portugal<br>(Vila Nova de<br>Gaia) | 59.99<br>59.99                 | Treatment and recovery of urban<br>solid waste                                                         | -                     | Jun-15              |
| Suma (Douro) - Serviços Urbanos e Meio Ambiente, Lda. " uma ouro"<br>Through Suma                           | Portugal<br>(Murça)                | 100.00<br>100.00               | Collection of urban solid waste                                                                        | Jul-00                | -                   |

| Designation                                                                                                                                                                         | Headquarter                | Percentage of<br>consolidation  | Activity                                                                                                           | Incorporation<br>date | Acquisition<br>date |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------|---------------------------------|--------------------------------------------------------------------------------------------------------------------|-----------------------|---------------------|
| Suma (Esposende) - Serviços Urbanos e Meio Ambiente, Lda. " uma sposende"<br>Through Suma                                                                                           | Portugal<br>(Esposende)    | 100.00<br>100.00                | Collection of urban solid waste                                                                                    | Dec-99                | -                   |
| Suma (Macau), Lda. ("Suma Macau")<br>Through Suma                                                                                                                                   | China<br>(Macau)           | 99.00<br>99.00                  | Collection of urban solid waste                                                                                    | -                     | Dec-13              |
| Sumalab, S.A. ("Sumalab")<br>Through Suma                                                                                                                                           | Portugal<br>(Matosinhos)   | 100.00<br>100.00                | Collection of urban solid waste                                                                                    | Dec-00                | -                   |
| Suma (Porto) - erviços rbanos e Meio mbiente<br>" uma orto"                                                                                                                         | Portugal                   | 100.00                          | Collection of urban solid waste                                                                                    | Nov-08                | -                   |
| Through Suma<br>Suma Tratamento, S.A. ("Suma Tratamento")                                                                                                                           | (Porto)                    | 100.00<br>100.00                |                                                                                                                    |                       |                     |
| Through Suma<br>Through Suma Esposende<br>Through Novaflex                                                                                                                          | Portugal<br>(Lisbon)       | 79.98<br>0.01<br>0.01           | Management of financial holdings                                                                                   | Oct-14                | Jan-24              |
| Through Mota-Engil Ambiente e Serviços<br>Suma – erviços rbanos e Meio mbiente<br>" uma"                                                                                            | Portugal                   | 20.00<br>100.00                 | Collection of urban solid waste                                                                                    | Jun-94                | Jan-24              |
| Through Mota-Engil Ambiente e Serviços<br>Suma Brasil - Serviços Urbanos e Meio Ambiente, S.A. ("Suma Brasil")                                                                      | (Lisbon)<br>Brazil         | 100.00<br>100.00                |                                                                                                                    |                       |                     |
| Through Geres Participações                                                                                                                                                         | (Belo<br>Horizonte)        | 100.00                          | Waste treatment                                                                                                    | -                     | Dec-14              |
| Triaza - Tratamento de Resíduos Industriais da Azambuja, S.A. ("Triaza")<br>Through Suma                                                                                            | Portugal<br>(Azambuja)     | 100.00<br>100.00                | Collection of urban solid waste                                                                                    | Nov-15                | -                   |
| Valnor - Valorização e Tratamento de Resíduos Sólidos, S.A. ("Valnor")<br>Through EGF                                                                                               | Portugal<br>(Portalegre)   | 53.32<br>53.32                  | Treatment and recovery of urban<br>solid waste                                                                     | -                     | Jun-15              |
| Valorlis - Valorização e Tratamento de Resíduos Sólidos, S.A. ("Valorlis")<br>Through EGF                                                                                           | Portugal<br>(Leiria)       | 50.99<br>50.99                  | Treatment and recovery of urban<br>solid waste                                                                     | -                     | Jun-15              |
| Valorminho - Valorização e Tratamento de Resíduos Sólidos, S.A. ("Valorminho")<br>Through EGF                                                                                       | Portugal<br>(Valença)      | 50.99<br>50.99                  | Treatment and recovery of urban<br>solid waste                                                                     | -                     | Jun-15              |
| Valorsul - Valorização e Tratamento de Resíduos Sólidos das Regiões de Lisboa e do Oeste, S.A. ("Valorsul")<br>Through EGF                                                          | Portugal<br>(Loures)       | 52.92<br>52.92                  | Treatment and recovery of urban<br>solid waste                                                                     | -                     | Jun-15              |
| Vista Energy Environment & Services, S.A. ("Vista SA")<br>Through Suma                                                                                                              | Angola<br>(Luanda)         | 100.00<br>100.00                | Management of financial holdings                                                                                   | Jul-08                | Dec-13              |
| Vista Multi Services, Lda. ("Vista Multi Services")<br>Through Vista SA<br>Through Mota-Engil Angola                                                                                | Angola<br>(Luanda)         | 93.40<br>80.00<br>13.40         | Urban services                                                                                                     | May-09                | Dec-13              |
| Vista Waste Management, Lda. ("Vista Waste")<br>Through Vista SA<br>Through Suma                                                                                                    | Angola<br>(Luanda)         | 100.00<br>41.00<br>59.00        | Collection of waste                                                                                                | Dec-09                | Dec-13              |
| Europe                                                                                                                                                                              |                            |                                 |                                                                                                                    |                       |                     |
| Carlos Augusto Pinto dos Santos & Filhos S.A. ("Capsfil")<br>Through Mota-Engil Engenharia e Construção                                                                             | Portugal<br>(Vila Flor)    | 100.00<br>100.00                | Extraction of gravel, sand and<br>crushed stone                                                                    | Mar-77                | Oct-09              |
| Diace - Construtoras das Estradas do Douro Interior A.C.E. ("Diace ACE MEEC")<br>Through Mota–Engil Engenharia e Construção                                                         | Portugal<br>(Porto)        | 53.10<br>53.10                  | Realization of construction works and<br>services and design                                                       | Nov-08                | Dec-15              |
| Glace - Construtoras das Auto-estradas da Grande Lisboa A.C.E. ("Glace ACE MEEC")<br>Through Mota–Engil Engenharia e Construção                                                     | Portugal<br>(Porto)        | 52.87<br>52.87                  | Realization of construction works and<br>services and design                                                       | Dec-06                | Dec-15              |
| Lusitânia - Construtoras das Auto-estradas das Beiras Litoral e Alta A.C.E. ("Lusitânia ACE MEEC")<br>Through Mota–Engil Engenharia e Construção                                    | Portugal<br>(Porto)        | 83.95<br>83.95                  | Realization of construction works and<br>services and design                                                       | Apr-01                | Dec-15              |
| Mota-Engil Central Europe Ceska Republika, AS ("Mota-Engil Central Europe República Checa")                                                                                         | Czech Rep.<br>(Prague)     | 100.00                          | Civil construction and public works                                                                                | Jan-97                | -                   |
| Through Mota–Engil Europa<br>Mota-Engil Central Europe Management, SGPS, S.A. ("Mota-Engil Central Europe Management")                                                              | Portugal                   | 100.00<br>100.00                | Management of financial holdings                                                                                   | Aug-17                | -                   |
| Through Mota–Engil Europa<br>Mota- ngil ngenharia e Construção<br>"Mota- ngil ngenharia e Construção"                                                                               | (Porto)<br>Portugal        | 100.00<br>100.00                | Construction works and acquisition                                                                                 | Dec-00                | -                   |
| Through Mota-Engil Europa<br>Mota-Engil Europa, S.A. ("Mota-Engil Europa")                                                                                                          | (Amarante)<br>Portugal     | 100.00<br>100.00                | and sale of real estate properties                                                                                 |                       | -                   |
| Through Mota-Engil SGPS<br>Mota- ngil Magyarország eruházási És Épitoipari Zrt "Mota- ngil Magyarország"                                                                            | (Linda-a-Velha)<br>Hungary | 100.00<br>100.00                | Management of financial holdings<br>Execution of public construction                                               | Jun-10                |                     |
| Through Mota-Engil Europa                                                                                                                                                           | (Budapeste)                | 100.00                          | works                                                                                                              | Jan-96                | -                   |
| Mota-Engil Railway Engineering, S.A. ("Mota-Engil Railway Engineering")<br>Through Mota-Engil Engenharia e Construção<br>Through MEEC África<br>Through Mota-Engil Latin America BV | Portugal<br>(Porto)        | 100.00<br>96.15<br>1.92<br>1.92 | Studies, projects, execution of works<br>and representation of materials and<br>equipment related to railway works | Jun-18                | -                   |
| Norace - Construtoras das Auto-estradas do Norte A.C.E. ("Norace ACE MEEC")<br>Through Mota-Engil Engenharia e Construção                                                           | Portugal<br>(Porto)        | 82.87<br>82.87                  | Realization of construction works and<br>services and design                                                       | Jun-99                | Dec-15              |
| Pinhal - Construtoras das Auto-estradas do Pinhal Interior A.C.E. ("Pinhal ACE MEEC")<br>Through Mota-Engil Engenharia e Construção                                                 | Portugal<br>(Porto)        | 53.52<br>53.52                  | Realization of construction works and<br>services and design                                                       | Apr-10                | Dec-15              |
|                                                                                                                                                                                     |                            |                                 |                                                                                                                    |                       |                     |

| Designation                                                                                                                              | Headquarter                    | Percentage of<br>consolidation | Activity                                                     | Incorporation<br>date | Acquisition<br>date |
|------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|--------------------------------|--------------------------------------------------------------|-----------------------|---------------------|
| Portuscale - Construtoras das Auto-estradas do Grande Porto A.C.E. ("Portuscale ACE MEEC")<br>Through Mota-Engil Engenharia e Construção | Portugal<br>(Porto)            | 83.95<br>83.95                 | Realization of construction works and<br>services and design | Jul-02                | Dec-15              |
| Vianor - Construtoras das Auto-estradas da Costa de Prata A.C.E. ("Vianor ACE MEEC")<br>Through Mota-Engil Engenharia e Construção       | Portugal<br>(Porto)            | 83.95<br>83.95                 | Realization of construction works and<br>services and design | Apr-00                | Dec-15              |
| Africa                                                                                                                                   |                                |                                |                                                              |                       |                     |
| AMGP Agricultura, S.A. ("AMGP")<br>Through MEEC África                                                                                   | Portugal<br>(Porto)            | 100.00<br>100.00               | Management of agricultural projects                          | Feb-19                | Sep-20              |
| Cecot - Centro de Estudos e Consultas Técnicas, Lda. ("Cecot")<br>Through MEEC África                                                    | Mozambique<br>(Maputo)         | 100.00<br>100.00               | Construction works' projects and<br>inspection               | Sep-98                | Apr-11              |
| Cosamo (Proprietary) Limited ("Cosamo")                                                                                                  | South Africa<br>(Johannesburg) | 100.00                         | Commercial                                                   | Dec-76                | -                   |
| Through Mota Internacional<br>Estradas do Zambeze ("Estradas do Zambeze")                                                                | Mozambique<br>(Maputo)         | 100.00<br>95.00                | Road concession                                              | Nov-09                | Apr-20              |
| Through MEEC África<br>Fatra - Fábrica de Trefilaria de Angola, S.A. ("Fatra")                                                           | Angola                         | 95.00<br>67.00                 | Manufactoring of iron based                                  | May-08                | Nov-10              |
| Through Mota-Engil Angola<br>Fibreglass Sundlete (Moçambique), Lda. ("Fibreglass")                                                       | (Luanda)<br>Mozambique         | 67.00<br>100.00                | products<br>Commercial                                       | Aug-62                | Mar-99              |
| Through Mota-Engil Maurícias<br>Indimo, Lda. ("Indimo")                                                                                  | (Maputo)                       | 100.00<br>100.00               |                                                              |                       |                     |
| Through Cecot                                                                                                                            | Mozambique<br>(Maputo)         | 50.00                          | Real Estate development                                      | Mar-03                | Oct-04              |
| Through MEEC África<br>KARP Joint Venture LLP ("KARP Joint Venture")                                                                     | Kenya                          | 50.00<br>62.00                 |                                                              |                       |                     |
| Through MEEC África                                                                                                                      | (Nairobi)                      | 62.00                          | Management of financial holdings                             | Feb-21                | -                   |
| Liwonde Logistics Platform Limited ("Liwonde")<br>Through Mota-Engil Investments Malawi                                                  | Malawi                         | 99.49<br>50.00                 |                                                              |                       |                     |
| Through MEEC Africa – Malawi Branch                                                                                                      | (Lilongwe)                     | 49.49                          | Management of financial holdings                             | Jun-15                | -                   |
| Malawi Ports Company Limited ("Malawi Ports Company")<br>Through MEEC África                                                             | Malawi                         | 100.00<br>88.00                | Shipping                                                     | Nov-10                | -                   |
| Through Mota-Engil Malawi                                                                                                                | (Lilongwe)                     | 12.00                          |                                                              |                       |                     |
| Malawi Shipping Company Limited ("Malawi Shipping Company")<br>Through Mota-Engil Malawi                                                 | Malawi<br>(Lilongwe)           | 100.00<br>100.00               | Shipping                                                     | Nov-10                | -                   |
| Martinox, S.A. ("Martinox")<br>Through Mota-Engil Angola                                                                                 | Angola<br>(Benguela)           | 67.00<br>67.00                 | Stainless steel works                                        | Feb-08                | Dec-11              |
| MEIM Morila SARL ("MEIM Morila")<br>Through MEEC África                                                                                  | Mali<br>(Cité du Niger)        | 94.00<br>64.00                 | Execution of all types of mining<br>drilling services        | Aug-21                | -                   |
| Through Mota-Engil Mali<br>Mota & Companhia Maurícias, Lda. ("Mota-Engil Maurícias")                                                     | Mauritius                      | 30.00<br>100.00                |                                                              |                       |                     |
| Through MEEC África                                                                                                                      | (Ebene)                        | 100.00                         | Civil construction works                                     | May-10                | -                   |
| Mota-Engil África, N.V. ("ME África NV")<br>Through Mota-Engil SGPS                                                                      | Netherlands<br>(Amsterdam)     | 100.00<br>100.00               | Management of financial holdings                             | Oct-12                | -                   |
| Mota-Engil África, SGPS, S.A. ("Mota-Engil África")<br>Through MEEC África                                                               | Portugal<br>(Porto)            | 100.00<br>100.00               | Management of financial holdings                             | May-10                | -                   |
| Mota-Engil África Global Technical Services B.V. ("ME África GTS BV")<br>Through MEEC África                                             | Netherlands<br>(Amsterdam)     | 100.00<br>100.00               | Management of financial holdings                             | May-14                | -                   |
| Mota-Engil África O&G, SGPS, S.A. ("Mota-Engil África O&G")                                                                              | Portugal                       | 100.00                         |                                                              |                       |                     |
| Through MEEC África                                                                                                                      | (Porto)                        | 100.00                         | Oil prospection and exploration                              | Mar-25                | -                   |
| Mota-Engil Angola, S.A. ("Mota-Engil Angola")<br>Through Mota Internacional                                                              | Angola<br>(Luanda)             | 67.00<br>67.00                 | Civil construction and public and<br>private works           | May-10                | -                   |
| Mota-Engil BLV de La Paix, SARLU ("Mota-Engil BLV")                                                                                      | Ivory Coast<br>(Abidjan)       | 100.00                         | Development and rehabilitation of<br>Boulevard de la Paix    | Jul-23                | -                   |
| Through MEEC África<br>Mota-Engil Cameroon SARL ("Mota-Engil Cameroon")                                                                  | Cameroon                       | 100.00<br>100.00               | Civil construction and public and                            | Jan-18                | -                   |
| Through MEEC África<br>Mota-Engil Côte D´Ivoire, SARL ("Mota-Engil Costa de Marfim")                                                     | (Douala)<br>Ivory Coast        | 100.00<br>100.00               | private works<br>Civil construction and public and           |                       |                     |
| Through MEEC África<br>Mota-Engil Côte D´Ivoire Mining, SARL ("Mota-Engil Costa de Marfim Mining")                                       | (Abidjan)                      | 100.00<br>100.00               | private works                                                | Apr-18                | -                   |
| Through MEEC África                                                                                                                      | Ivory Coast<br>(Abidjan)       | 100.00                         | Mineral prospection and exploration                          | Nov-20                | -                   |
| Mota-Engil Engenharia e Construção África PTY LTD ("Mota-Engil Engenharia e Construção África PTY")<br>Through MEEC África               | South Africa<br>(Johannesburg) | 100.00<br>100.00               | Construction works                                           | Feb-17                | -                   |
| Mota-Engil Engenharia e Construção África, S.A. ("MEEC África")<br>Through Mota-Engil SGPS                                               | Portugal<br>(Porto)            | 100.00<br>100.00               | Construction works                                           | Aug-12                | -                   |
| Mota-Engil Guinée SARLU ("Mota-Engil Guiné")<br>Through MEEC África                                                                      | Guinea Conakry<br>(Conacri)    | 100.00<br>100.00               | Civil construction and public and<br>private works           | Aug-22                | -                   |
| Mota-Engil Guinée Conakry, SARL ("Mota-Engil Guiné Conakry")                                                                             | Guinea Conakry<br>(Conacri)    | 100.00                         | Civil construction and public and<br>private works           | Aug-17                | -                   |
| Through MEEC África<br>Mota-Engil Guinée Mandiana, SARL ("Mota-Engil Guiné Mandiana")                                                    | Guinea Conakry                 | 100.00<br>100.00               |                                                              |                       |                     |
| Through MEEC África                                                                                                                      | (Conacri)                      | 100.00                         | Mining and forestry extraction                               | Feb-20                | -                   |

| Designation                                                                                                              | Headquarter             | Percentage of<br>consolidation | Activity                                                                   | Incorporation<br>date | Acquisition<br>date |
|--------------------------------------------------------------------------------------------------------------------------|-------------------------|--------------------------------|----------------------------------------------------------------------------|-----------------------|---------------------|
| Mota-Engil Guinée Simandou, SARLU ("Mota-Engil Guinée Simandou")                                                         | Guinea Conakry          | 100.00                         | Provision of earthmoving, construction<br>and civil engineering and mining | Apr-23                | -                   |
| Through MEEC Africa                                                                                                      | (Conacri)               | 100.00                         | services                                                                   |                       |                     |
| Mota-Engil Investments (Malawi) Limited ("Mota-Engil Investments Malawi")<br>Through Mota-Engil Africa                   | Malawi<br>(Lilongwe)    | 100.00<br>100.00               | Public works and /or civil construction<br>works contractor                | Mar-11                | -                   |
| Mota-Engil Lobito SGPS, S.A. ("Mota-Engil Lobito SGPS")                                                                  |                         | 100.00                         |                                                                            |                       |                     |
| Through Mota-Engil Africa                                                                                                | Portugal<br>(Porto)     | 27.00                          | Management of financial holdings                                           | Oct-22                | -                   |
| Through MEEC Africa<br>Mota-Engil (Malawi) Limited ("Mota-Engil Malawi")                                                 |                         | 73.00<br>100.00                |                                                                            |                       |                     |
| Through MEEC África                                                                                                      | Malawi<br>(Lilongwe)    | 100.00                         | Public works and /or civil construction<br>works contractor                | Jul-11                | -                   |
| Mota-Engil Mali SARL ("Mota-Engil Mali")                                                                                 | Mali                    | 100.00                         | Civil construction and public and private                                  |                       |                     |
| Through MEEC África                                                                                                      | (Cité du Niger)         | 100.00                         | works                                                                      | Jul-21                | -                   |
| Mota-Engil Moçambique, Lda. ("ME Moçambique")                                                                            | Mozambique              | 100.00                         |                                                                            |                       |                     |
| Through MEEC África<br>Through Indimo                                                                                    | (Maputo)                | 50.00<br>50.00                 | Real Estate Development                                                    | Jul-94                | -                   |
| Mota-Engil Nigeria Limited ("Mota-Engil Nigeria")                                                                        | Nigeria                 | 51.00                          | Civil construction and public and private                                  | Jul-18                | -                   |
| Through MEEC África                                                                                                      | (Lagos)                 | 51.00                          | works                                                                      |                       |                     |
| Mota-Engil S. Tomé e Príncipe, Lda. ("Mota-Engil S. Tomé")<br>Through Mota Internacional                                 | S. Tomé e<br>Príncipe   | 100.00<br>95.00                | Public works and /or civil construction                                    | Dec-04                | -                   |
| Through MEEC África                                                                                                      | (S. Tomé)               | 5.00                           | works contractor                                                           |                       |                     |
| Mota-Engil Sénégal Mining, SUARL ("Mota-Engil Senegal")<br>Through MEEC África                                           | Dakar<br>(Senegal)      | 100.00<br>100.00               | Mining drilling services                                                   | Dec-20                | -                   |
| Mota-Engil Trading (Beijing) Co. Ltd. ("Mota-Engil Trading Beijing")                                                     | China                   | 100.00                         |                                                                            |                       |                     |
| Through MEEC África                                                                                                      | (Beijing)               | 100.00                         | Trading                                                                    | Dec-20                | -                   |
| Mota-Engil (Uganda) Limited ("Mota-Engil Uganda")                                                                        |                         | 60.00                          | Exploring, extracting, drilling, pumping,                                  |                       |                     |
|                                                                                                                          | Uganda<br>(Kampala)     |                                | supplying and transporting of oil, gas,                                    | Oct-20                | -                   |
| Through MEEC África                                                                                                      |                         | 60.00                          | petroleum and other related products                                       |                       |                     |
| Mota Internacional - Comércio e Consultadoria Económica, Lda. "Mota nternacional"                                        | Portugal                | 100.00                         | Trading and management of                                                  | Sep-97                | Dec-98              |
| Through MEEC África<br>Novicer - Cerâmicas de Angola, (SU) Limitada. ("Novicer")                                         | (Funchal)<br>Angola     | 100.00<br>67.00                | internacional financial holdings                                           |                       |                     |
| Through Mota-Engil Angola                                                                                                | (Luanda)                | 67.00                          | Manufacture and trade of clay materials                                    | Sep-07                | -                   |
| Operadora Estradas do Zambeze ("Operadora Estradas do Zambeze")                                                          | Mozambique              | 95.00                          | Road operation and maintenance                                             | Nov-09                | Apr-20              |
| Through MEEC África<br>Penta - Engenharia e Construção, Lda. ("Penta")                                                   | (Maputo)                | 95.00<br>100.00                |                                                                            |                       |                     |
| Through MEEC África                                                                                                      | Cape Verde              | 96.00                          | Civil construction and public and private                                  | Apr-07                | -                   |
| Through Mota Internacional                                                                                               | (Praia)                 | 4.00                           | works                                                                      |                       |                     |
| Prefal – Préfabricados de Luanda, Lda. " refal"<br>Through Mota-Engil Angola                                             | Angola<br>(Luanda)      | 67.00<br>67.00                 | Manufacturing of prestressed goods                                         | Dec-93                | -                   |
| Rentaco Angola - Equipamentos e Transportes, (SU) Limitada. ("Rentaco Angola")                                           | Angola                  | 67.00                          | Rental of construction equipment                                           | Jan-08                | -                   |
| Through Mota-Engil Angola                                                                                                | (Luanda)                | 67.00                          |                                                                            |                       |                     |
| horengil roperties imited " horengil"<br>Through Mota-Engil Nigeria                                                      | Nigeria                 | 51.00<br>49.98                 | Civil construction and real estate                                         | Oct-21                | Feb-22              |
| Through MEEC África                                                                                                      | (Lagos)                 | 2.00                           | development                                                                |                       |                     |
| Sonauta - Sociedade de Navegação, Lda. " onauta"                                                                         | Angola<br>(Luanda)      | 100.00                         | Sea transportation, excluding coastal<br>transportion                      | Nov-94                | -                   |
| Through Mota Internacional<br>Tracevia Angola - Sinalização, Segurança e Gestão de Tráfego, Lda. ("Tracevia Angola")     | Angola                  | 100.00<br>67.00                |                                                                            |                       |                     |
| Through Mota-Engil Angola                                                                                                | (Luanda)                | 67.00                          | Road signs                                                                 | -                     | Sep-07              |
| Latin America                                                                                                            |                         |                                |                                                                            |                       |                     |
| Alana Capital SAPI de C.V. ("Alana")                                                                                     | Mexico                  | 30.60                          | Regular professional rendering of credit                                   |                       |                     |
| Through Mota-Engil México                                                                                                | (Mexico City)           | 30.60                          | operations, financial leasing and<br>financial factoring                   | -                     | Aug-23              |
| Alana Rent SAPI de C.V. ("Alana Rent")                                                                                   | Mexico                  | 30.62                          |                                                                            |                       |                     |
| Through Alana<br>Through Mota-Engil México                                                                               | (Mexico City)           | 30.57<br>0.05                  | Car rental                                                                 | -                     | Nov-24              |
| Ambiente y Servicios Peru S.A. ("Ambiente y Servicios Peru")                                                             |                         | 100.00                         |                                                                            |                       |                     |
| Through Mota<br>-Engil Engenharia e Construção                                                                           | Peru<br>(Lima)          | 0.00                           | Terminals exploration                                                      | -                     | -                   |
| Through Mota-Engil Peru                                                                                                  |                         | 100.00                         |                                                                            |                       |                     |
| Colombia ME S.A.S. ("Colombia ME")<br>Through Mota-Engil Latin America BV                                                | Colombia                | 100.00<br>99.00                | Civil construction and public works                                        | Oct-21                | -                   |
| Through Mota-Engil Engenharia e Construção                                                                               | (Bogota)                | 1.00                           |                                                                            |                       |                     |
| Concesionaria Tultepec AIFA Pirámides, S.A. de C.V. ("Concesionaria Tultepec")<br>Through Mota-Engil América Latina SAPI | Mexico                  | 51.49                          |                                                                            |                       |                     |
| Through Mota-Engil México                                                                                                | (Mexico City)           | 1.00<br>50.49                  | Motorway concessionaire                                                    | Dec-20                | -                   |
| Concesionaria Urbana Arco Oriente S.A. de C.V. ("Concesionaria Urbana Arco Oriente")                                     |                         | 50.33                          |                                                                            |                       |                     |
| Through Mota-Engil México<br>Through Ascendi México                                                                      | Mexico<br>(Mexico City) | 17.00<br>33.33                 | Motorway concessionaire                                                    | Oct-18                | -                   |
| Concessiones e Infraestructuras Andina S.A. ("Concessiones e Infraestructuras Andina")                                   |                         | 100.00                         |                                                                            |                       |                     |
| Through Mota<br>-Engil Engenharia e Construção África                                                                    | Peru<br>(Lima)          | 1.00                           | Civil construction                                                         | Feb-21                | -                   |
| Through Mota-Engil Latam Portugal                                                                                        |                         | 99.00                          |                                                                            |                       |                     |
| Consorcio rroyo<br>"Consorcio rroyo "<br>Through Colombia ME                                                             | Colombia                | 100.00<br>89.99                | Execution of plumbing and                                                  |                       |                     |
| Through Mota-Engil Colômbia                                                                                              | (Barranquilla)          | 10.00                          | reconstruction works                                                       | Sep-24                | -                   |
| Through Mota-Engil Engenharia e Construção - Colombia Branch                                                             |                         | 0.01                           |                                                                            |                       |                     |

| Designation                                                                                                                                                                                      | Headquarter                | Percentage of<br>consolidation   | Activity                                                              | Incorporation<br>date | Acquisition<br>date |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------|----------------------------------|-----------------------------------------------------------------------|-----------------------|---------------------|
| Consórcio Constructor usoperuano "Consórcio usoperuano"<br>Through Mota<br>- Engil Peru<br>Through Mota-Engil Engenharia e Construção - Peru Branch                                              | Peru<br>(Lima)             | 100.00<br>51.00<br>49.00         | Civil construction and public works                                   | Apr-24                | -                   |
| Consórcio EE Canoas ("Consórcio EE Canoas")<br>Through Empresa Construtora do Brasil<br>Through Mota-Engil Latam Colombia SAS                                                                    | Colombia<br>(Bogota)       | 87.50<br>21.88<br>65.63          | Civil construction and public works                                   | Sep-18                | -                   |
| Consórcio Fanning ("Consórcio Fanning")<br>Through Mota-Engil Peru                                                                                                                               | Peru<br>(Lima)             | 100.00<br>100.00                 | Building construction                                                 | Dec-11                | -                   |
| Consórcio GDL Viaduto, SAPI de C.V. ("Consórcio GDL Viaduto")<br>Through Mota-Engil México                                                                                                       | Mexico<br>(Mexico City)    | 21.88<br>21.88                   | Civil construction and public works                                   | Jun-14                | -                   |
| Consorcio Hospitalario Chavin ("Consórcio Hospitalario Chavin")<br>Through Mota-Engil Peru                                                                                                       | Peru<br>(Lima)             | 90.00<br>90.00                   | Architectural and engineering<br>activities and technical consultancy | Nov-20                | -                   |
| Consórcio La Ponciana ("Consórcio La Ponciana")<br>Through Mota-Engil Peru                                                                                                                       | Peru<br>(Lima)             | 100.00<br>100.00                 | Building construction                                                 | Dec-11                | -                   |
| Consórcio Lamat Tramo 1 SAPI ("Consórcio Lamat")<br>Through Mota-Engil México                                                                                                                    | Mexico<br>(Mexico City)    | 29.58<br>29.58                   | Civil construction and public works                                   | Apr-20                | -                   |
| Consórcio Los Castãnos ("Consórcio Los Castãnos")<br>Through Mota-Engil Peru                                                                                                                     | Peru<br>(Lima)             | 100.00<br>100.00                 | Building construction                                                 | Dec-11                | -                   |
| Consórcio ME Carrera 43 ("Consorcio ME Carrera 43")<br>Through Mota–Engil Engenharia e Construção<br>- Colombia Branch<br>Through Mota-Engil Latam Colombia SAS                                  | Colombia<br>(Bogota)       | 51.00<br>0.00<br>51.00           | Civil construction and public works                                   | Feb-18                | -                   |
| Consórcio MEC Arroyo Carrera 65 ("Consórcio MEC Arroyo Carrera")<br>Through Mota–Engil Engenharia e Construção<br>- Colombia Branch<br>Through Mota-Engil Colômbia                               | Colombia<br>(Bogota)       | 51.00<br>0.00<br>51.00           | Civil construction and public works                                   | Sep-16                | -                   |
| Consórcio MEC-Av.Malecon-UF1 ("Consórcio MEC-Av.Malecon-UF1")<br>Through Mota<br>-Engil Engenharia e Construção - Colombia Branch<br>Through Mota-Engil Colômbia                                 | Colombia<br>(Buenaventura) | 51.00<br>0.00<br>51.00           | Civil construction and public works                                   | May-16                | -                   |
| Consórcio MEC-Av.Malecon-UF2 ("Consórcio MEC-Av.Malecon-UF2")<br>Through Mota–Engil Engenharia e Construção<br>- Colombia Branch<br>Through Mota-Engil Colômbia                                  | Colombia<br>(Bogota)       | 51.00<br>0.00<br>51.00           | Civil construction and public works                                   | Nov-16                | -                   |
| Consórcio ME-Contrato Colegios ("Consórcio ME Colegios")<br>Through Mota–Engil Engenharia e Construção<br>- Colombia Branch<br>Through Mota-Engil Peru                                           | Colombia<br>(Buenaventura) | 100.00<br>75.00<br>25.00         | Construction of civil engeneering<br>works                            | May-16                | -                   |
| Consórcio Mota-Engil Ojeda & Iju Paracas ("Consórcio ME Ojeda & Iju")<br>Through Mota-Engil Peru                                                                                                 | Peru<br>(Lima)             | 100.00<br>100.00                 | Building construction                                                 | Dec-11                | -                   |
| Consórcio Mota-Engil TR ("Consórcio Mota-Engil TR")<br>Through Mota-Engil Peru<br>Through Mota–Engil Engenharia e Construção - Peru Branch                                                       | Peru<br>(Lima)             | 100.00<br>50.00<br>50.00         | Civil construction                                                    | -                     | Nov-21              |
| Consorcio Planeta Rica ("Consorcio Planeta Rica")<br>Through Mota-Engil Colômbia<br>Through Mota–Engil Engenharia e Construção - Colombia Branch                                                 | Colombia<br>(Bogota)       | 100.00<br>100.00<br>0.00         | Execution of the solar plants                                         | Jan-21                | Oct-22              |
| Consórcio Porta ("Consórcio Porta")<br>Through Mota-Engil Peru                                                                                                                                   | Peru<br>(Lima)             | 100.00<br>100.00                 | Building construction                                                 | Dec-11                | -                   |
| Consórcio San Filipe ("Consórcio San Filipe")<br>Through Colombia ME<br>Through Mota–Engil Peru - Colombia Branch                                                                                | Colombia<br>(Bogota)       | 100.00<br>99.99<br>0.01          | Civil construction and public works                                   | Feb-24                | -                   |
| Consórcio San Filipe II ("Consórcio San Filipe II")<br>Through Colombia ME<br>Through Mota-Engil Latam Colombia SAS                                                                              | Colombia<br>(Bogota)       | 100.00<br>49.00<br>51.00         | Civil construction and public works                                   | Nov-24                | -                   |
| Consórcio Túnel Guadalajara, SAPI de C.V. ("Consórcio GDL Túnel")<br>Through Mota-Engil México                                                                                                   | Mexico<br>(Mexico City)    | 21.88<br>21.88                   | Civil construction and public works                                   | Jul-14                | -                   |
| Consórcio Vias Barranquilla 2025 ("Consórcio Vias Barranquilla")<br>Through Colombia ME<br>Through Mota-Engil Latam Colombia SAS<br>Through Mota–Engil Engenharia e Construção - Colombia Branch | Colombia<br>(Bogota)       | 100.00<br>89.99<br>10.00<br>0.01 | Civil construction and public works                                   | Jan/25                | -                   |
| Constructora Autopista Cardel-Poza Rica, S.A. de C.V. ("Constructora Cardel-Poza Rica")<br>Through Mota-Engil México                                                                             | Mexico<br>(Mexico City)    | 51.00<br>50.99                   | Civil construction and public works                                   | -                     | Nov/17              |
| Through Mota-Engil América Latina SAPI<br>Constructora CMRO, SAPI de C.V. ("Constructora CMRO")<br>Through Mota-Engil México                                                                     | Mexico<br>(Mexico City)    | 0.01<br>50.99<br>50.99           | Civil construction and public works                                   | Mar-23                | -                   |
| Constructora Cuapiaxtla - Cuacnopalan, S.A. de C.V. ("Constructora Cuapiaxtla - Cuacnopalan I")<br>Through Mota-Engil México                                                                     | Mexico<br>(Mexico City)    | 51.49<br>50.49                   | Civil construction and public works                                   | Apr-21                | -                   |
| Through Mota Engil America Latina SAPI<br>Constructora Cuapiaxtla - Cuacnopalan II, S.A. de C.V. ("Constructora Cuapiaxtla - Cuacnopalan II")<br>Through Mota-Engil México                       | Mexico<br>(Mexico City)    | 1.00<br>51.49<br>50.49           | Civil construction and public works                                   | Jun-21                | -                   |
| Through Mota Engil America Latina SAPI<br>Constructora Gran Canal SAPI de C.V. ("Construtora Gran Canal")<br>Through Mota-Engil México                                                           | Mexico<br>(Mexico City)    | 1.00<br>2.04<br>2.04             | Civil construction and public works                                   | -                     | Apr-21              |

| Designation                                                                                                                                                                      | Headquarter                              | Percentage of<br>consolidation | Activity                                                        | Incorporation<br>date | Acquisition<br>date |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------|--------------------------------|-----------------------------------------------------------------|-----------------------|---------------------|
| Desarrolladora Cuatro Caminos SAPI de C.V. ("Desarrolladora Cuatro Caminos")<br>Through Mota-Engil Inmobiliaria SAPI                                                             | Mexico<br>(Mexico City)                  | 49.99<br>49.99                 | Civil construction                                              | Jun-19                | -                   |
| Desarrollos DOT México, S.A. de C.V. ("Desarrollos DOT México")                                                                                                                  | Mexico<br>(Mexico City)                  | 43.35                          | Civil construction and public works                             | Apr-18                | -                   |
| Through Mota-Engil México<br>Empresa Construtora Brasil, S.A. ("Empresa Construtora Brasil")<br>Through MEBR                                                                     | Brazil<br>(Belo Horizonte)               | 43.35<br>100.00<br>100.00      | Civil construction and public works                             | Nov-12                | May-25              |
| Empresa Construtora de Honduras, S.A. ("Empresa Construtora Honduras")<br>Through Mota-Engil México                                                                              | Honduras<br>(Villanueva)                 | 35.70<br>35.70                 | Civil construction and public works                             | Aug-18                | Sep-18              |
| Fideicomiso de Vivienda de Bajo Costo Mota Engil, S.R.L. ("Fideicomiso VBC")<br>Through Mota-Engil Dominicana                                                                    | Dominican<br>Republic<br>(Santo Domingo) | 100.00<br>100.00               | Construction, renovation and repair of<br>residential buildings | Nov-15                | -                   |
| Flame Investments, B.V. ("Flame Investments")<br>Through Mota-Engil Latin America BV                                                                                             | Netherlands<br>(Amsterdam)               | 51.00<br>51.00                 | Management of financial holdings                                | Mar-15                | -                   |
| FSE Comercializadora Fenix, SAPI de C.V. ("FSE Comercializadora Fenix")<br>Through Mota Engil America Latina SAPI                                                                | Mexico<br>(Mexico City)                  | 34.00<br>0.00<br>34.00         | Energy trading                                                  | Sep-16                | -                   |
| Through Mota-Engil Energia operacional<br>FSE Suministradora Fenix, SAPI de C.V. ("FSE Suministradora Fenix")<br>Through Mota Engil America Latina SAPI                          | Mexico                                   | 34.00<br>0.00                  | Energy distribution                                             | Aug-16                | -                   |
| Through Mota-Engil Energia operacional<br>Generadora Fenix, SAPI de C.V. ("Generadora Fenix")                                                                                    | (Mexico City)<br>Mexico                  | 34.00<br>30.94                 |                                                                 |                       |                     |
| Through Mota-Engil Energia operacional                                                                                                                                           | (Mexico City)                            | 30.94                          | Energy production                                               | Sep-15                | -                   |
| Grupo Constructor y Desarrollador de Puebla, S.A. de C.V. ("Grupo Constructor y Desarrollador de Puebla")<br>Through Mota-Engil México<br>Through Mota Engil America Latina SAPI | Mexico<br>(Mexico City)                  | 51.49<br>50.49<br>1.00         | Civil construction and public works                             | Jun-20                | -                   |
| Limafren, S.A. ("Limafren")<br>Through Mota-Engil Peru                                                                                                                           | Uruguay<br>(Montevideu)                  | 100.00<br>100.00               | Civil construction and public works                             | -                     | Sep-22              |
| Lineas Mexico, B.V. ("Lineas Mexico")<br>Through Mota-Engil Latin America BV                                                                                                     | Netherlands<br>(Amsterdam)               | 100.00<br>100.00               | Management of financial holdings                                | May-21                | -                   |
| Luso Energy del Peru S.A. ("Luso Energy del Peru")<br>Through Mota-Engil Peru<br>Through Mota-Engil Engenharia e Construção                                                      | Peru<br>(Lima)                           | 100.00<br>99.98<br>0.02        | Other business activities                                       | May-11                | -                   |
| MEBR Construções, Consultoria e Participações, S.A. ("MEBR")<br>Through Mota<br>-Engil Latin America BV<br>Through Mota-Engil Latam Peru                                         | Brazil<br>(São Paulo)                    | 100.00<br>33.75<br>66.25       | Civil construction and public works                             | Mar-11                | -                   |
| Mineria y Engenharia Andina S.A. ("Mineria y Engenharia Andina")<br>Through Mota<br>-Engil Engenharia e Construção África<br>Through Mota-Engil Latam Portugal                   | Peru<br>(Lima)                           | 100.00<br>1.00<br>99.00        | Civil construction                                              | Feb-21                | -                   |
| Mota-Engil Aeropuertos del Norte SAPI de C.V. ("Mota-Engil Aeropuertos del Norte")<br>Through Mota-Engil México<br>Through Mota-Engil O&M                                        | Mexico<br>(Mexico City)                  | 51.00<br>50.49<br>0.51         | Airport complementary and commercial<br>services                | Apr-25                | -                   |
| Mota-Engil América Latina SAPI de C.V. ("Mota-Engil América Latina SAPI")<br>Through Mota-Engil SGPS                                                                             | Mexico<br>(Mexico City)                  | 100.00<br>0.00<br>100.00       | Management of financial holdings                                | Nov-13                | May-14              |
| Through Mota-Engil Latin America BV<br>Mota-Engil Argentina, SAU ("Mota-Engil Argentina")<br>Through Mota-Engil Latin America BV                                                 | Argentina<br>(Buenos Aires)              | 100.00<br>100.00               | Civil construction and public works                             | Apr-18                | -                   |
| Mota-Engil Aruba Construction Company VBA ("Mota-Engil Aruba Construction")<br>Through Mota-Engil Aruba Holding                                                                  | Aruba<br>(Oranjestad)                    | 100.00<br>100.00               | Civil construction and public works                             | Jan-12                | Apr-16              |
| Mota-Engil Aruba Holding Company VBA ("Mota-Engil Aruba Holding")<br>Through Mota-Engil Latin America BV                                                                         | Aruba<br>(Oranjestad)                    | 100.00<br>100.00               | Management of financial holdings                                | Dec-15                | -                   |
| Mota-Engil Chile S.A. ("Mota-Engil Chile")<br>Through Mota<br>-Engil Peru<br>Through Mota-Engil Engenharia e Construção                                                          | Chile<br>(Santiago)                      | 100.00<br>100.00<br>0.00       | Civil construction and public works                             | Feb-13                | -                   |
| Mota-Engil Colombia, S.A.S. ("Mota-Engil Colômbia")<br>Through Mota-Engil Engenharia e Construção<br>Through Mota-Engil Latin America BV                                         | Colombia<br>(Bogota)                     | 100.00<br>9.20<br>90.80        | Civil construction and public works                             | Feb-11                | -                   |
| Mota-Engil Dominicana S.A.S. ("Mota-Engil Dominicana")<br>Through Mota-Engil Latin America BV<br>Through Mota-Engil Colômbia                                                     | Dominican<br>Republic<br>(Santo Domingo) | 100.00<br>99.97<br>0.03        | Civil construction and public works                             | Nov-14                | Dec-23              |
| Mota-Engil Energia, S.A. de C.V. ("Mota-Engil Energia operacional")<br>Through Mota-Engil Energy Holding<br>Through Mota-Engil América Latina SAPI                               | Mexico<br>(Mexico City)                  | 34.00<br>34.00<br>0.00         | Development and operationalization of<br>energy production      | Sep-15                | -                   |
| Mota-Engil Energy Holding México, SAPI de C.V. ("Mota-Engil Energy Holding ")<br>Through Mota-Engil México<br>Through Mota-Engil Energy BV                                       | Mexico<br>(Mexico City)                  | 34.00<br>0.01<br>34.00         | Management of financial holdings                                | Nov-15                | -                   |
| Mota-Engil Energy B.V. ("Mota-Engil Energy BV")<br>Through Flame Investments                                                                                                     | Netherlands<br>(Amsterdam)               | 34.00<br>34.00                 | Finance and consulting                                          | Sep-15                | -                   |

| Designation                                                                                        | Headquarter                | Percentage of<br>consolidation | Activity                                                                                                | Incorporation<br>date | Acquisition<br>date |
|----------------------------------------------------------------------------------------------------|----------------------------|--------------------------------|---------------------------------------------------------------------------------------------------------|-----------------------|---------------------|
| Mota-Engil Fundações Brasil Ltda. ("Mota-Engil Fundações")                                         | Brazil<br>(Belo Horizonte) | 100.00<br>100.00               | Execution of foundation works,<br>engineering services, port, maritime<br>and fluvial works, as well as | May-23                | -                   |
| Through Mota-Engil Peru                                                                            |                            |                                | construction management                                                                                 |                       |                     |
| Mota-Engil Honduras, S.A. ("Mota-Engil Honduras")                                                  | Honduras                   | 51.20                          | Construction and provision of civil                                                                     | Jun-18                | -                   |
| Through Mota<br>-Engil México                                                                      | (Tegucigalpa)              | 50.80                          | engineering and architecture services                                                                   |                       |                     |
| Through Mota-Engil Latin America BV                                                                |                            | 0.40                           |                                                                                                         |                       |                     |
| Mota-Engil Inmobiliaria SAPI de C.V. ("Mota-Engil Inmobiliaria SAPI")<br>Through Mota-Engil México | Mexico<br>(Mexico City)    | 50.49<br>50.49                 | Real Estate development                                                                                 | Jul-18                | -                   |
| Mota-Engil Latam Col, S.A.S. ("Mota-Engil Latam Col")                                              |                            | 100.00                         |                                                                                                         |                       |                     |
| Through Mota-Engil Colômbia                                                                        | Colombia                   | 99.00                          | Civil construction and public works                                                                     | Feb-11                | -                   |
| Through Mota-Engil Engenharia e Construção                                                         | (Bogota)                   | 1.00                           |                                                                                                         |                       |                     |
| Mota-Engil Latam Colombia S.A.S. ("Mota-Engil Latam Colombia SAS")                                 |                            | 100.00                         |                                                                                                         |                       |                     |
| Through Mota-Engil Engenharia e Construção                                                         | Colombia                   | 49.00                          | Civil construction and public works                                                                     | Dec-16                | -                   |
| Through Mota-Engil Latin America BV                                                                | (Bogota)                   | 51.00                          |                                                                                                         |                       |                     |
| Mota-Engil Latam Peru, S.A. ("Mota-Engil Latam Peru")                                              |                            | 100.00                         |                                                                                                         |                       |                     |
| Through Mota-Engil Latin America BV                                                                | Peru<br>(Lima)             | 99.90                          | Management of financial holdings                                                                        | Dec-15                | -                   |
| Through Mota-Engil Engenharia e Construção                                                         |                            | 0.10                           |                                                                                                         |                       |                     |
| Mota-Engil Latam Portugal, S.A. ("Mota-Engil Latam Portugal")                                      | Portugal                   | 100.00                         | Management of financial holdings                                                                        | Jul-15                | -                   |
| Through Mota-Engil SGPS                                                                            | (Porto)                    | 100.00                         |                                                                                                         |                       |                     |
| Mota-Engil Latin America B.V. ("Mota-Engil Latin America BV")                                      | Netherlands                | 100.00                         | Management of financial holdings                                                                        | Nov-15                | -                   |
| Through Mota-Engil Latam Portugal                                                                  | (Amsterdam)                | 100.00                         |                                                                                                         |                       |                     |
| Mota-Engil México, S.A. de C.V. ("Mota-Engil México")                                              | Mexico                     | 51.00                          |                                                                                                         |                       |                     |
| Through Mota-Engil Latin America BV                                                                | (Mexico City)              | 19.18                          | Civil construction and public works                                                                     | Jan-10                | -                   |
| Through Mota-Engil América Latina SAPI                                                             |                            | 31.82                          |                                                                                                         |                       |                     |
| Mota- ngil eru<br>"Mota- ngil eru"<br>Through Mota-Engil Latin America BV                          | Peru                       | 100.00<br>99.90                |                                                                                                         |                       |                     |
| Through Mota-Engil Engenharia e Construção                                                         | (Lima)                     | 0.10                           | Civil construction and public works                                                                     | Sep-86                | -                   |
| Mota-Engil Servicios Compartidos, S.A. de C.V. ("Mota-Engil Servicios Compartidos")                |                            | 51.00                          |                                                                                                         |                       |                     |
| Through Mota-Engil México                                                                          | Mexico                     | 51.00                          | Administrative services                                                                                 | Sep-19                | -                   |
| Through Mota-Engil América Latina SAPI                                                             | (Mexico City)              | 0.00                           |                                                                                                         |                       |                     |
| Promotora de Autopistas del Oriente S.A. de CV ("Promotora de Autopistas del Oriente")             |                            | 51.00                          |                                                                                                         |                       |                     |
| Through Mota-Engil México                                                                          | Mexico                     | 51.00                          | Management of financial holdings                                                                        | May-20                | -                   |
| Through Mota-Engil O&M                                                                             | (Mexico City)              | 0.00                           |                                                                                                         |                       |                     |
| Promotora Inmobiliaria Santa Clara, S.A. ("Santa Clara")                                           |                            | 100.00                         |                                                                                                         |                       |                     |
| Through Mota-Engil Peru                                                                            | Peru                       | 99.99                          | Real Estate development                                                                                 | May-12                | -                   |
| Through Mota-Engil Engenharia e Construção - Peru Branch                                           | (Lima)                     | 0.01                           |                                                                                                         |                       |                     |
| Puente Boca del Rio S.A. de C.V. ("Puente Boca del Rio")                                           |                            | 58.35                          |                                                                                                         |                       |                     |
| Through Mota-Engil México                                                                          | Mexico<br>(Mexico City)    | 43.35                          | Civil construction and public works                                                                     | May-16                | -                   |
| Through Mota–Engil Engenharia e Construção                                                         |                            | 15.00                          |                                                                                                         |                       |                     |
| Stiler, SA, Limafren Sociedad Anonima y Otros ("Stiler")                                           | Uruguay                    | 59.70                          | Architectural and engineering activities                                                                | Jan-23                | -                   |
| Through Limafren                                                                                   | (Montevideu)               | 59.70                          |                                                                                                         |                       |                     |
| Tarucani Generating Company, S.A. ("Tarucani")<br>Through Luso Energy del Peru                     | Peru                       | 100.00<br>99.98                | Electric energy generation and                                                                          |                       |                     |
| Through Mota-Engil Peru                                                                            | (Lima)                     | 0.02                           | distribution                                                                                            | Apr-00                | -                   |
|                                                                                                    |                            |                                |                                                                                                         |                       |                     |
| Tracevia Mexico S.A. de C.V. ("Tracevia Mexico")<br>Through Tracevia Brasil                        | Mexico<br>(Mexico City)    | 99.99<br>99.99                 | Design, installation, development and<br>maintenance of ITS                                             | Jun-17                | Mar-23              |
| Tracevia S.A. ("Tracevia Brasil")                                                                  | Brazil                     | 100.00                         | Design, installation, development and                                                                   | Mar-11                | -                   |
| Through MEBR                                                                                       | (São Paulo)                | 100.00                         | maintenance of ITS                                                                                      |                       |                     |
| Tuxpan - Tampico Construcciones, S.A. de C.V. ("Construtora Tuxpan Tampico")                       |                            | 51.00                          |                                                                                                         |                       |                     |
| Through Mota-Engil México                                                                          | Mexico<br>(Mexico City)    | 50.99                          | Civil construction and public works                                                                     | -                     | Nov/17              |
| Through Mota-Engil América Latina SAPI                                                             |                            | 0.01                           |                                                                                                         |                       |                     |

#### COMPANIES / ENTITIES INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS BY THE EQUITY METHOD

At June 30, 2025, the companies / entities included in the accompanying consolidated financial statements by the equity method, their headquarters and percentage of consolidation, were as follows:

| Designation                                                                                 | Headquarter | Percentage of consolidation |
|---------------------------------------------------------------------------------------------|-------------|-----------------------------|
| Associated companies and joint ventures                                                     |             |                             |
| Capital                                                                                     |             |                             |
| Ascendi Mexico, S.A. C.V ("Ascendi Mexico")                                                 | Mexico      | 51.00                       |
| Concessionária Rodovias do Tietê, S.A. ("Rodovias do Tietê")                                | Brazil      | 25.50                       |
| D.I. Investimentos, S.A. ("DI Investimentos")                                               | Portugal    | 51.00                       |
| Lineas - Concessões de Transportes, SGPS, S.A. ("Lineas SGPS")                              | Portugal    | 51.00                       |
| Lineas II - Concessões, S.A. ("Lineas II")                                                  | Portugal    | 49.00                       |
| Lineas III - Concessões, S.A. ("Lineas III")                                                | Portugal    | 51.00                       |
| Lineas - Serviços de Administração e Gestão, Lda. ("Lineas")                                | Portugal    | 51.10                       |
| Lineas Concessions Latam Holding, B.V. ("Lineas Concessions Latam Holding")                 | Netherlands | 51.00                       |
| Lineas International Holding, B.V. ("Lineas International Holding")                         | Netherlands | 51.00                       |
| Lineas Investimentos SGPS, S.A. ("Lineas Investimentos")                                    | Portugal    | 51.00                       |
| Lineafinis Investimentos SGPS, S.A. ("Lineafinis Investimentos")                            | Portugal    | 60.00                       |
| Lusolav - Gestão da Ferrovia de Alta Velocidade, S.A. ("Lusolav")                           | Portugal    | 42.66                       |
| Lusolav II - Gestão da Ferrovia de Alta Velocidade, S.A. ("Lusolav II")                     | Portugal    | 43.00                       |
| Lusolav III - Gestão da Ferrovia de Alta Velocidade, S.A. ("Lusolav III")                   | Portugal    | 42.50                       |
| Lusolav IV - Gestão da Ferrovia de Alta Velocidade, S.A. ("Lusolav IV")                     | Portugal    | 42.50                       |
| Lusolav Norte - Gestão da Ferrovia de Alta Velocidade, S.A. ("Lusolav Norte")               | Portugal    | 42.66                       |
| Lusoponte - Concessionária para a Travessia do Tejo, S.A. ("Lusoponte")                     | Portugal    | 25.76                       |
| Operadora DI - Operação e Manutenção Rodoviária, S.A. ("Operadora Douro Interior")          | Portugal    | 41.18                       |
| SDI - Subconcessionária do Douro Interior, S.A. ("Douro Interior")                          | Portugal    | 41.18                       |
| Mext                                                                                        |             |                             |
| Chilwa Minerals, Limited, ("Chilwa Minerals")                                               | Australia   | 30.65                       |
| Edgagrpt, Lda. ("Edgagrpt")                                                                 | Portugal    | 50.00                       |
| MERESOL I – Real Estate, Lda. ("MERESOL I")                                                 | Portugal    | 50.00                       |
| MERESOL II – Real Estate, Lda. ("MERESOL II")                                               | Portugal    | 50.00                       |
| Sociedade Mineira do Moquita, Limitada ("Sociedade Mineira Moquita")                        | Angola      | 34.97                       |
| Environment                                                                                 |             |                             |
| Ambilital – Investimentos Ambientais no Alentejo, EI ("Ambilital")                          | Portugal    | 49.00                       |
| CTR Santa Luzia Tratamento e Disposição de Residuos S.A. ("CTR")                            | Brazil      | 50.00                       |
| Ecolezíria - Empresa Intermunicipal para Tratamento de Resíduos Sólidos, EIM ("Ecolezíria") | Portugal    | 24.50                       |
| ECOSS Ambiental Serviços de Limpeza Urbana - SPE Ltda. ("ECOSS Ambiental")                  | Brazil      | 34.00                       |
| Mais ITAPEVI - SPE S/A ("Mais ITAPEVI")                                                     | Brazil      | 35.00                       |
| Africa                                                                                      |             |                             |
| Automatriz, S.A. ("Automatriz")                                                             | Angola      | 33.50                       |
| Icer – Indústria de Cerâmica, Lda. ("Icer")                                                 | Angola      | 33.50                       |
| Infraconnect Eighteen Kenya Limited ("Infraconnect Eighteen Kenya")                         | Kenya       | 16.12                       |
| Infraconnect Fifteen Kenya Limited ("Infraconnect Fifteen Kenya")                           | Kenya       | 16.12                       |
| Lobito Atlantic Holding, S.A. ("Lobito Atlantic Holding")                                   | Portugal    | 49.50                       |
| Lobito Atlântic Railway, S.A. ("Lobito Atlantic Railway")                                   | Angola      | 49.48                       |
| Mebisa - Minerais e Britagens, S.A. ("Mebisa")                                              | Angola      | 20.10                       |
| SPRI - Sociedade Portuguesa de Realizações Industriais e Assistência Técnica, Lda. ("SPRI") | Portugal    | 40.00                       |
| Twine, Lda. ("Twine")                                                                       | Mozambique  | 50.00                       |
| Vista Power, Lda. ("Vista Power")                                                           | Angola      | 33.50                       |

| Designation                                                                                                           | Headquarter | Percentage of consolidation |
|-----------------------------------------------------------------------------------------------------------------------|-------------|-----------------------------|
| Latin America                                                                                                         |             |                             |
| Administradora Desarrollo MEM ("Administradora Desarrollo MEM")                                                       | Mexico      | 51.00                       |
| Aeropuertos Mexicanos O&M, SAPI de C.V. ("Aeropuertos Mexicanos O&M")                                                 | Mexico      | 50.99                       |
| APP Coatzacoalcos Villahermosa SAPI de C.V. ("APP Coatzacoalcos Villahermosa")                                        | Mexico      | 19.38                       |
| APP Tamaulipas, SAPI de C.V. ("APP Tamaulipas")                                                                       | Mexico      | 32.13                       |
| Ausur, S.A. ("Ausur")                                                                                                 | Argentina   | 33.33                       |
| Autopista Urbana Siervo de la Nacion, SAPI de C.V. ("Autopista Siervo de la Nacion")                                  | Mexico      | 15.07                       |
| Autopista Urbana Tramo del Oriente, SAPI de C.V. ("Autopista Tramo del Oriente")                                      | Mexico      | 25.49                       |
| AZPAU Entretenimiento, SAPI de C.V. ("AZPAU")                                                                         | Mexico      | 50.80                       |
| CMRO Nayarit SAPI de C.V. ("CMRO Nayarit")                                                                            | Mexico      | 51.00                       |
| Concesionaria Alternativas Viales SAS ("Concesionaria Alternativas Viales")                                           | Colombia    | 45.65                       |
| Concesionaria Cua SAPI de C.V. ("Concesionaria Cua")                                                                  | Mexico      | 50.83                       |
| Consorcio Línea Panama Norte ("Consórcio Linea Panamá Norte")                                                         | Panamá      | 50.00                       |
| Consorcio Tren Ligero Línea 4 Guadalajara, SAPI de C.V. ("Consorcio Tren Ligero Línea 4")                             | Mexico      | 26.01                       |
| Constructora Autopista Perote Xalapa, S.A. de C.V. ("Constructora Perote Xalapa")                                     | Mexico      | 25.50                       |
| Constructora Conexión Oriente, S.A. de CV ("Constructora Conexión Oriente")                                           | Mexico      | 25.50                       |
| Constructora M&R, S.A. de C.V. ("Constructora M&R")                                                                   | Mexico      | 10.20                       |
| Constructora Tampico Ciudad Victoria, SAPI de C.V. ("Constructora Tampico")                                           | Mexico      | 28.05                       |
| Desarrolladora Multimodal Istmo de Tehuantepec, S.A. de C.V. ("Desarrolladora Multimodal Istmo")                      | Mexico      | 12.75                       |
| Foro Aztlan, SAPI de C.V. ("Foro Aztlan")                                                                             | Mexico      | 50.99                       |
| Infraestructura y Construcciones de Nuevo León SAPI de C.V. ("Infraestructura y Construcciones de Nuevo León")        | Mexico      | 25.50                       |
| Inter Mota Latam, Agente de Seguros Y de Fianzas, SAPI de C.V "(Inter Mota Latam, Agente de Seguros Y de<br>Fianzas") | Mexico      | 20.00                       |
| M&R de Occidente SAPI de C.V. ("Concessionária M&R")                                                                  | Mexico      | 20.00                       |
| Mota-Engil Aeropuertos, SAPI de C.V. ("Mota-Engil Aeropuertos")                                                       | Mexico      | 51.00                       |
| Mota-Engil O&M México, SAPI de C.V. ("Mota-Engil O&M")                                                                | Mexico      | 50.99                       |
| Operadora Maritima Matamoros SAPI de C.V. ("Operadora Maritima Matamoros")                                            | Mexico      | 51.00                       |
| Operadora Tampico Ciudad Victoria, SAPI de C.V. ("Operadora Tampico")                                                 | Mexico      | 31.87                       |
| Rovella Carranza S.A. - Mota-Engil México S.A.P.I. de C.V. - Unión Transitoria ("Rovella Carranza")                   | Argentina   | 25.50                       |
| Sistemas Electricos Metropolitanos ("Sistemas Electricos Metropolitanos")                                             | Mexico      | 25.50                       |
| Terminal Maritima Matamoros, SAPI DE C.V. ("Terminal Maritima Matamoros")                                             | Mexico      | 24.99                       |
| Terminales del Istmo Salina Cruz y Coatzacoalcos ("Terminales del Istmo Salina Cruz y Coatzacoalcos")                 | Mexico      | 26.01                       |
| Trans Tamaulipas, S.A. de C.V. ("Trans Tamaulipas")                                                                   | Mexico      | 17.00                       |
| Vías Y Comunicaciones Cua, SAPI de C.V. ("Vías Y Comunicaciones")                                                     | Mexico      | 50.49                       |
| Martifer Group                                                                                                        | Portugal    | 37.50                       |

At June 30, 2025, the "Agrupamentos Complementares de mpresas" (ACE) included in the accompanying consolidated financial statements by the equity method and their percentage of consolidation, were as follows:

| "Agrupamentos Complementares de Empresas"                                               | Percentage of consolidation |  |
|-----------------------------------------------------------------------------------------|-----------------------------|--|
| In activity                                                                             |                             |  |
| Ecotejo-Serviços Manut. Tejo Atlântico; ACE                                             | 50.00                       |  |
| Haçor M - Manutenção do Edifício do Hospital da Ilha Terceira, ACE                      | 45.00                       |  |
| Manvia - Lena Ambiente, ACE                                                             | 50.00                       |  |
| Metro Santos Sodré ACE                                                                  | 70.00                       |  |
| Metro São Sebastião Alcântara, ACE                                                      | 70.00                       |  |
| ME Water - Manvia Efacec Exploração Técn. Sistemas, ACE                                 | 50.00                       |  |
| In warranty period                                                                      |                             |  |
| Barragem de Foz Tua ACE                                                                 | 33.34                       |  |
| DIEXP - Expropriações do Douro Interior, ACE                                            | 37.08                       |  |
| EXPI - Expropriações do Pinhal Interior, ACE                                            | 37.08                       |  |
| GACE - Gondomar ACE                                                                     | 24.00                       |  |
| GCVC, ACE (Grupo Construtor de Vila do Conde)                                           | 42.86                       |  |
| GLEX - Expropriações da Grande Lisboa, ACE                                              | 42.08                       |  |
| Haçor Hospital da Terceira, ACE                                                         | 77.50                       |  |
| HL - Hospital de Loures, ACE                                                            | 65.00                       |  |
| LGC - Linha Gondomar, Construtores, ACE                                                 | 30.00                       |  |
| Mesofer, ACE                                                                            | 36.50                       |  |
| Mota-Engil/Acciona/Edivisa - Obras do Aproveitamento Hidroeléctrico de Alto Tâmega, ACE | 42.50                       |  |
| Mota-Engil, Soares da Costa, Monteadriano - Matosinhos, ACE                             | 42.86                       |  |
| Reforço de Potência da Barragem de Venda Nova III, ACE                                  | 28.33                       |  |
| Somague, BPC, Mota-Engil, SPIE - Linha Vermelha do Metropolitano em ACE                 | 23.68                       |  |
| Somague/Mota-Engil - Cota 500, ACE                                                      | 36.42                       |  |
| Via Rápida Câmara Lobos ECL, ACE                                                        | 36.42                       |  |

#### JOINTLY CONTROLLED OPERATIONS – CONSORTIUMS

At June 30, 2025, the consortiums included in the accompanying consolidated financial statements in the proportion of the assets, liabilities, expenses and income contractually attributable to the Group, their respective headquarters and percentage of consolidation, were as follows:

| Designation                                                                                                  | Headquarter          | Percentage of consolidation |
|--------------------------------------------------------------------------------------------------------------|----------------------|-----------------------------|
| Joint operations - Consortiums                                                                               |                      |                             |
| Africa                                                                                                       |                      |                             |
| BEME VOF ("BEME VOF")                                                                                        | Netherlands          | 50.00                       |
| Through MEEC África - Netherlands branch                                                                     | (Dordrecht)          | 50.00                       |
| Latin America                                                                                                |                      |                             |
| Consórcio Conservacion Vial Santa Rosa ("Consórcio Conservacion Vial Santa Rosa")                            | Peru                 | 50.00                       |
| Through Mota- Engil Peru                                                                                     | (Lima)               | 50.00                       |
| Consórcio Constructor Del Puerto de San Martin ("CCPSM - Consorcio Constructor Del<br>Puerto de San Martin") | Peru                 | 33.30                       |
| Through Mota- Engil Peru                                                                                     | (Lima)               | 33.30                       |
| Consórcio Ibagué-Honda-Cambao-Manizales ("Consórcio Ibague")                                                 |                      | 45.65                       |
|                                                                                                              | Colombia<br>(Bogotá) |                             |
| Through Mota- Engil Colômbia                                                                                 |                      | 45.65                       |
| Consorcio MEP-PTP ("Consorcio MEP-PTP")                                                                      | Peru                 | 50.10                       |
| Through Mota-Engil Peru                                                                                      | (Lima)               | 50.10                       |
| Consórcio Mota-Engil Dominicana SAS/IEMCA ("Consórcio Mota-Engil Dominicana")                                | Dominican Republic   | 70.00                       |
| Through Mota-Engil Dominicana                                                                                | (Santo Domingo)      | 70.00                       |
| Consórcio Mota-Engil Peru HL Paita ("Consórcio Mota-Engil Peru HL Paita")                                    | Peru                 | 50.00                       |
| Through Mota- Engil Peru                                                                                     | (Lima)               | 50.00                       |
| Consórcio Puentes de Loreto ("Consórcio Puentes Loreto")                                                     |                      | 34.00                       |
| Through Mota–Engil Engenharia e Construção - Peru branch                                                     | Peru                 | 20.00                       |
| Through Mota- Engil Peru                                                                                     | (Lima)               | 14.00                       |
| Consórcio Vial Acobamba ("Consórcio Vial Acobamba")                                                          | Peru                 | 50.00                       |
| Through Mota- Engil Peru                                                                                     | (Lima)               | 50.00                       |
| Consórcio Vial Jaylli ("Consórcio Vial Jaylli")                                                              | Peru                 | 42.00                       |
| Through Mota- Engil Peru                                                                                     | (Lima)               | 42.00                       |
| Consórcio Vial Tambillo ("Consórcio Vial Tambillo")                                                          | Peru                 | 50.00                       |
| Through Mota- Engil Peru                                                                                     | (Lima)               | 50.00                       |
| Consórcio Vial Vizcachane ("Consórcio Vial Vizcachane")                                                      | Peru                 | 50.00                       |
| Through Mota- Engil Peru                                                                                     | (Lima)               | 50.00                       |
| Stracon Translei Joint Venture ("Stracon Translei")                                                          | Peru                 | 50.00                       |
| Through Mota- Engil Peru                                                                                     | (Lima)               | 50.00                       |
| Translei Consórcio Cosapi ("Translei Consórcio Cosapi")                                                      | Peru                 | 50.00                       |
| Through Mota- Engil Peru                                                                                     | (Lima)               | 50.00                       |

![](_page_65_Picture_0.jpeg)

# **THREE**

RELATÓRIO ÚNICO 2024

INTERIM CONSOLIDATED FINANCIAL INFORMATION 2025

**66**

## **3. MANDATORY INFORMATION**

67

 

#### DECLARATION UNDER THE TERMS OF ARTICLE 29º - J, Nº 1 CAPTION C), OF CVM (MARKET SECURITIES CODE)

Under the terms of article 29º - J, n.º 1 caption c) of the Market Securities Code, the members of the Board of Directors declare that, to the best of their knowledge, the information contained in this report and accounts has been prepared according with International Financial Reporting Standards (IFRS), as adopted by the European Union, providing a true and fair view of the assets and liabilities, of the financial position and of the results of Mota-Engil, SGPS, S.A. and the companies included in its consolidation perimeter, and that the management report faithfully expresses the evolution of the business, the performance and the position of Mota-Engil, SGPS, S.A. and the companies included in its consolidation perimeter, and contains a description of the main risks and uncertainties which they face.

Porto, August 27, 2025

Carlos António Vasconcelos Mota dos Santos Chairman of the Board of Directors and Chairman of the Executive Committee (Chief Executive Officer)

Gonçalo Nuno Gomes de Andrade Moura Martins Non-executive deputy-chairman of the Board of Directors

Jingchun Wang Non-executive deputy-chairman of the Board of Directors

Manuel António da Fonseca Vasconcelos da Mota Deputy-chairman of the Board of Directors and Member of the Executive Committee (Deputy Chief Executive Officer)

Clare Akamanzi Non-executive and independent member of the Board of Directors

Francisco Manuel Seixas da Costa Non-executive and independent member of the Board of Directors

Guangsheng Peng Non-executive member of the Board of Directors

Helena Sofia Salgado Cerveira Pinto Non-executive and independent member of the Board of Directors

Isabel Maria Pereira Aníbal Vaz Non-executive and independent member of the Board of Directors

José Carlos Barroso Pereira Pinto Nogueira Member of the Board of Directors and Member of the Executive Committee (Chief Financial Officer)

Li Guangming Non-executive member of the Board of Directors

Maria Paula Queirós Vasconcelos Mota de Meireles Non-executive member of the Board of Directors

Paulo Sacadura Cabral Portas Non-executive and independent member of the Board of Directors

Ping Ping Non-executive member of the Board of Directors

Xiao DI Member of the Board of Directors and Member of the Executive Committee

#### INFORMATION REGARDING TRANSACTIONS OVER OWN SHARES, UNDER THE TERMS OF ARTICLE 66 NO. 5 CAPTION D) OF THE COMMERCIAL COMPANIES CODE

Under the terms defined in caption d) of no. 5 of article 66º of the Commercial Companies Code, we hereby declare that, during the first half of 2025, in order to increase the free float of Mota-Engil, SGPS, S.A. share, all own shares held were disposed of (6,091,581 own shares, representing 1.99% of its share capital). Accordingly, the details of the transactions carried out over own shares in the semester ended on 30 June 2025 are presented below (amounts in euros):

| Date       | Buy / Sell | Inside / Outside<br>market | Average<br>price | No. of Shares | Gross<br>amount of<br>commissions |
|------------|------------|----------------------------|------------------|---------------|-----------------------------------|
| 2025-05-27 | Sell       | Inside market              | 4.5359           | 2,008,326     | 9,109,629                         |
| 2025-05-28 | Sell       | Inside market              | 4.4739           | 2,205,916     | 9,869,094                         |
| 2025-05-29 | Sell       | Inside market              | 4.4245           | 1,877,339     | 8,306,363                         |
|            |            |                            | 4.4791           | 6,091,581     | 27,285,086                        |

#### QUALIFIED HOLDINGS

In compliance with the applicable legislation, we hereby disclose the list of the persons with qualified holdings, with the indication of the number of shares held and the corresponding percentage of voting rights, computed under the terms of Article 20 of the Market Securities Code, at 30 June, 2025:

| Shareholders                                                  |              | No. of shares | % of shares<br>held | % of voting<br>rights |
|---------------------------------------------------------------|--------------|---------------|---------------------|-----------------------|
| Mota Gestão e Participações, SGPS, S.A. (*)                   |              | 117,999,663   | 38.46%              | 38.46%                |
| António Manuel Queirós Vasconcelos da Mota (**)               |              | 1,650,000     | 0.54%               | 0.54%                 |
| Maria Paula Queirós Vasconcelos Mota de Meireles (**) / (***) |              | 1,444,490     | 0.47%               | 0.47%                 |
| Maria Teresa Queirós Vasconcelos Mota Neves da Costa (**)     |              | 856,300       | 0.28%               | 0.28%                 |
| Maria Manuela Queirós Vasconcelos Mota dos Santos (**)        |              | 829,530       | 0.27%               | 0.27%                 |
| Maria Sílvia Fonseca Vasconcelos Mota (**)                    |              | 191,175       | 0.06%               | 0.06%                 |
| Carlos António Vasconcelos Mota dos Santos (**) / (***)       |              | 170,000       | 0.06%               | 0.06%                 |
| António Maria Vasconcelos Mota de Meireles (**)               |              | 76,395        | 0.02%               | 0.02%                 |
| José Manuel Mota Neves da Costa (**)                          |              | 72,000        | 0.02%               | 0.02%                 |
| Attributable to Mota Gestão e Participações, SGPS, S.A.       |              | 123,289,553   | 40.19%              | 40.19%                |
| Epoch Capital Investments BV (*)                              |              | 99,426,974    | 32.41%              | 32.41%                |
| Attributable to China Communications Construction Group       |              | 99,426,974    | 32.41%              | 32.41%                |
|                                                               | Sub-total I  | 222,716,527   | 72.60%              | 72.60%                |
| Other shareholders                                            |              | 84,059,423    | 27.40%              | 27.40%                |
|                                                               | Sub-total II | 84,059,423    | 27.40%              | 27.40%                |
|                                                               | TOTAL        | 306,775,950   | 100.00%             | 100.00%               |

(\*) Direct shareholder of the Company

(\*\*) Member of the Board of Directors of Mota Gestão e Participações, SGPS, S.A.

(\*\*\*) Member of the Board of Directors of the Company

#### INFORMATION REGARDING TRANSACTIONS PERFORMED BY PERSONS WITH MANAGERIAL RESPONSIBILITIES

Disclosure of shares and other securities held by members of the Board of Directors, by persons with managerial responsibilities, by members of other governing bodies, as well as people closely related to them, and disclosure of the transactions performed during the first half of the year.

|                                                                  |           | Holding shares of    |       |               |                     |        |           |       |
|------------------------------------------------------------------|-----------|----------------------|-------|---------------|---------------------|--------|-----------|-------|
|                                                                  |           | MOTA-ENGIL, SGPS, SA |       |               | MGP, SGPS, SA       |        |           |       |
| Name                                                             | Date      | Qt.                  | Price | Buy /<br>Sell | Inside /<br>Outside | %      | Qt.       | %     |
| António Manuel Queirós Vasconcelos da Mota                       |           |                      |       |               | market              |        |           |       |
| Opening /                                                        |           |                      |       |               |                     |        |           |       |
| closing balance                                                  |           | 1,650,000            |       |               |                     | 0.54%  | 2,226,255 | 34.8% |
| Maria Paula Queirós Vasconcelos Mota de                          |           |                      |       |               |                     |        |           |       |
| Meireles                                                         |           |                      |       |               |                     |        |           |       |
| Opening /<br>closing balance                                     |           | 1,444,490            |       |               |                     | 0.47%  | 1,388,606 | 21.7% |
| Maria Teresa Queirós Vasconcelos Mota Neves da                   |           |                      |       |               |                     |        |           |       |
| Costa                                                            |           |                      |       |               |                     |        |           |       |
| Opening /<br>closing balance                                     |           | 856,300              |       |               |                     | 0.28%  | 1,388,606 | 21.7% |
| Maria Manuela Queirós Vasconcelos Mota dos                       |           |                      |       |               |                     |        |           |       |
| Santos                                                           |           |                      |       |               |                     |        |           |       |
| Opening /                                                        |           |                      |       |               |                     |        |           |       |
| closing balance<br>Manuel António da Fonseca Vasconcelos da Mota |           | 829,530              |       |               |                     | 0.27%  | 1,388,606 | 21.7% |
|                                                                  |           |                      |       |               |                     |        |           |       |
| Opening balance                                                  |           | 340,000              |       |               | Inside              | 0.11%  |           |       |
|                                                                  | 26/Mar/25 | 20,000               | 3.440 | Buy           | market              | 0.01%  |           |       |
|                                                                  | 8/Apr/25  | 40,000               | 3.030 | Buy           | Inside<br>market    | 0.01%  |           |       |
|                                                                  | 9/Apr/25  | 30,000               | 3.009 | Buy           | Inside<br>market    | 0.01%  |           |       |
| Closing balance                                                  |           | 430,000              |       |               |                     | 0.14%  |           |       |
| Maria Sílvia Fonseca Vasconcelos Mota                            |           |                      |       |               |                     |        |           |       |
| Opening /                                                        |           |                      |       |               |                     |        |           |       |
| closing balance                                                  |           | 191,175              |       |               |                     | 0.06%  |           |       |
| Carlos António Vasconcelos Mota dos Santos                       |           |                      |       |               |                     |        |           |       |
| Opening /<br>closing balance                                     |           | 170,000              |       |               |                     | 0.06%  |           |       |
| António Maria Vasconcelos Mota de Meireles                       |           |                      |       |               |                     |        |           |       |
| Opening /                                                        |           |                      |       |               |                     |        |           |       |
| closing balance                                                  |           | 76,395               |       |               |                     | 0.02%  |           |       |
| José Manuel Mota Neves da Costa                                  |           |                      |       |               |                     |        |           |       |
| Opening /                                                        |           |                      |       |               |                     |        |           |       |
| closing balance<br>Gonçalo Nuno Gomes de Andrade Moura Martins   |           | 72,000               |       |               |                     | 0.02%  |           |       |
| Opening /                                                        |           |                      |       |               |                     |        |           |       |
| closing balance                                                  |           | 17,808               |       |               |                     | 0.01%  |           |       |
| António Cândido Lopes Natário                                    |           |                      |       |               |                     |        |           |       |
| Opening /                                                        |           |                      |       |               |                     |        |           |       |
| closing balance<br>José Carlos Barroso Pereira Pinto Nogueira    |           | 10,000               |       |               |                     | 0.00%  |           |       |
| Opening /                                                        |           |                      |       |               |                     |        |           |       |
| closing balance                                                  |           | 6,000                |       |               |                     | 0.00%  |           |       |
| Rui Jorge Teixeira de Carvalho Pedroto                           |           |                      |       |               |                     |        |           |       |
| Opening /                                                        |           |                      |       |               |                     |        |           |       |
| closing balance                                                  |           | 2,000                |       |               |                     | 0.00%  |           |       |
| Mota Gestão e Participações, SGPS, S.A.                          |           |                      |       |               |                     |        |           |       |
| Opening /<br>closing balance                                     |           | 117,999,663          |       |               |                     | 38.46% |           |       |
| Epoch Capital Investments BV                                     |           |                      |       |               |                     |        |           |       |
| Opening /                                                        |           |                      |       |               |                     |        |           |       |
| closing balance                                                  |           | 99,426,974           |       |               |                     | 32.41% |           |       |

The bonds held by the members of the Board of Directors, by the persons with managerial responsibilities, by members of other governing bodies, as well as people closely related to them, at 30 June 2025 were as follows:

| Name                                              | No. of Bonds | Bonds ME<br>2021/2026<br>(NV -<br>€ | Bonds ME<br>2022/2027<br>(NV -<br>€ | Bonds ME<br>2023/2028<br>(NV - 1.000€) | Bonds ME<br>2024/2029<br>(NV -<br>€ | Bonds ME<br>2025/2030<br>(NV - 500€) |
|---------------------------------------------------|--------------|-------------------------------------|-------------------------------------|----------------------------------------|-------------------------------------|--------------------------------------|
| António Manuel Queirós Vasconcelos da Mota        | 2,706        | 543                                 | 680                                 | 150                                    | 800                                 | 533                                  |
| Mota Gestão e Participações, SGPS, S.A.           | 1,849        | -                                   | -                                   | -                                      | 1,849                               | -                                    |
| Carlos António Vasconcelos Mota dos Santos        | 669          | -                                   | 60                                  | -                                      | 134                                 | 475                                  |
| Maria Paula Queirós Vasconcelos Mota de Meireles  | 541          | 40                                  | 40                                  | -                                      | -                                   | 461                                  |
| José Manuel Mota Neves da Costa                   | 359          | 199                                 | -                                   | -                                      | 140                                 | 20                                   |
| António Maria Vasconcelos Mota de Meireles        | 300          | 200                                 | 100                                 | -                                      | -                                   | -                                    |
| Maria Manuela Queirós Vasconcelos Mota dos Santos | 270          | 140                                 | 10                                  | -                                      | 120                                 | -                                    |
| Gonçalo Nuno Gomes de Andrade Moura Martins       | 40           | 20                                  | 20                                  | -                                      | -                                   | -                                    |
| Maria Sílvia Fonseca Vasconcelos Mota             | 39           | 10                                  | 29                                  | -                                      | -                                   | -                                    |
| José Carlos Barroso Pereira Pinto Nogueira        | 35           | -                                   | 15                                  | -                                      | -                                   | 20                                   |
| António Cândido Lopes Natário                     | 14           | 14                                  | -                                   | -                                      | -                                   | -                                    |
| Rui Jorge Teixeira Carvalho Pedroto               | 13           | 13                                  | -                                   | -                                      | -                                   | -                                    |
|                                                   |              |                                     |                                     |                                        |                                     |                                      |

NV: nominal value

**www.mota-engil.com**

![](_page_72_Picture_2.jpeg)

www.facebook.com/motaengi l

linkedin.com/company/motaengil

www.youtube.com/motaengilsgp s

**73**