Iberdrola reported a 17% increase in adjusted net profit for the first nine months of 2025, supported by strong growth in its UK and US network businesses and record investment levels across key markets.
The Spanish energy company said net profit, excluding capital gains, rose on the back of higher regulated income and efficiency gains, while total investment reached €9 billion — the highest level in its history. More than 60% of that spending was directed to the UK and US, in line with the group’s 2025–2028 strategic plan.
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to €12.4 billion, underpinned by a 26% increase in Networks operating profit. Iberdrola’s regulated asset base reached €49.3 billion, reflecting continued growth in grid infrastructure.
Renewable capacity expanded by 2,000 megawatts over the past year, while operating cash flow rose 10% to €9.7 billion. The company said net debt improved by €3.2 billion to €48.5 billion, supported by €8 billion in asset rotations and partnership agreements.
Iberdrola also announced a record interim dividend of €0.25 per share, an increase of 8.2%, and raised its full-year adjusted net profit guidance to €6.6 billion. Even excluding €389 million in US network cost recoveries, the company expects to exceed €6.2 billion in net profit.
“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.
Galán said the results demonstrate “double-digit growth” and growing financial resilience as Iberdrola continues to expand its renewable generation and network infrastructure base.
The company’s performance comes as utilities across Europe accelerate grid and clean energy investments to meet rising electrification demand and decarbonisation targets.
