Iberdrola has reported stronger results in its Networks business, supported by higher investment activity in the United Kingdom and the United States. The improved performance has led the company to raise its 2025 earnings outlook and announce an interim dividend.
The company’s total investments reached €9 billion during the period, with more than 60% directed to its network operations in the UK and USA. Iberdrola’s regulated asset base in Networks increased to €49.3 billion, while renewable capacity grew by 2,000 MW over the past 12 months.
Net profit totalled €5.3 billion, up 17% excluding capital gains, and EBITDA rose to €12.4 billion, driven mainly by a 26% increase in operating profit from Networks. Renewables and retail activities saw an 11% decline in EBITDA, reflecting the impact of divestments in Mexico and higher service costs in Iberia.
Iberdrola’s net debt improved by €3.2 billion to €48.5 billion, with cash flow rising 10% to €9.7 billion. Asset rotations and strategic alliances amounted to €8 billion, and liquidity exceeded €23 billion, enough to cover around two years of financing needs.
The company has declared a record interim dividend of €0.25 per share, up 8.2%, and now expects adjusted net profit of €6.6 billion for 2025, or more than €6.2 billion excluding funds already collected for network costs in the USA.
