IAS 33, effect of convertible bond on diluted EPS

International Consolidated Airlines Group, S.A. – Annual report – 31 December 2025

Industry: airline

11 Earnings per share (extract)

1 Includes 187 million as the weighted average impact for 312 million treasury shares purchased in the share buyback programme (note 31a).

The assumed conversion of the €825 million convertible bonds 2028 and outstanding employee share schemes have a dilutive impact on the earnings per share for the years to 31 December 2025 and 31 December 2024 due to the reported profit after tax for the respective years.