Iberdrola reported a 17% rise in net profit, excluding capital gains, driven by strong growth in its UK and US networks and record investment levels across key markets.
The company invested €9 billion in the first nine months of 2025, a new record for the group, with more than 60% directed to the UK and US in line with its 2025–2028 strategic plan.
EBITDA increased to €12.4 billion, underpinned by a 26% rise in Networks operating profit on robust performance in regulated markets. Iberdrola’s regulated asset base reached €49.3 billion.
Renewable capacity grew by 2000 MW over the past 12 months, while cash flow rose 10% to €9.7 billion. Net debt improved by €3.2 billion to €48.5 billion, supported by €8 billion in asset rotations and alliances.
Iberdrola announced a record interim dividend of €0.25 per share, up 8.2%, and upgraded its 2025 outlook to €6.6 billion adjusted net profit. Even without €389 million in US network cost recoveries, net profit will exceed €6.2 billion.
“Thanks to higher investments in the UK and the US, our Networks have improved operating results and cash flow, allowing us to raise our 2025 guidance to €6.6 billion,” said executive chairman Ignacio Galán (pictured).
He said the results reflect “double-digit growth” and increasing financial strength as Iberdrola continues to expand its renewable and network infrastructure base.