Iberdrola reported an 11% rise in adjusted net profit to €1,865 million driven by network investments in the UK and US.
The company said it invested €14.5 billion in the last twelve months, with two-thirds allocated to Networks and more than half directed to the UK and US.
It added that Networks regulated asset base increased 8% to about €53 billion, supported by double-digit growth in the UK, while Q1 adjusted EBITDA reached €4.1 billion with Networks contributing €2.048 billion.
Iberdrola stated that adjusted net debt stood at €50.3 billion following the Mexico transaction and acquisition of minorities in Brazil, with liquidity at €21.4 billion consistent with its BBB+ rating.
The group upgraded its 2026 full-year guidance and now expects adjusted net profit growth of more than 8% excluding capital gains from asset rotation.
“These results show the positive impacts of our strategic focus on regulated businesses in A-rated countries, mainly the US and the UK. Driven by growth in our regulated asset base and generation capacity, today we are upgrading our net profit guidance for 2026,” said Ignacio Galán, executive chairman of Iberdrola.
“The current crisis is showing once again the urgent need to improve energy security, strategic autonomy and competitiveness through electrification, and this will drive additional investment opportunities as we contribute to build more resilient and sustainable energy systems.”