Published by Global Banking & Finance Review®
Posted on February 25, 2026
2 min readLast updated: April 2, 2026
Add as preferred source on GoogleIberdrola reported a 12% rise in 2025 net profit to €6.29bn, led by UK and US networks. Despite €464m renewables charges, it guides to >€6.6bn in 2026 and €7.6bn by 2028.
MADRID, Feb 25 (Reuters) - Europe's largest utility Iberdrola said on Wednesday that it expects higher earnings this year after its power network business in Britain and in the United States fueled a 12% increase in 2025 net profit to 6.29 billion euros ($7.42 billion).
The Spanish firm is reaping the benefits of its strategic shift towards the more regulated business of power grids and has a plan to invest more than 100 billion euros through 2031 to build on it.
The company targets an adjusted net profit - which excludes one-offs - of more than 6.6 billion euros this year and more than 7.6 billion euros by 2028.
It posted an adjusted net profit of 6.23 billion euros in 2025, an increase of more than 10% from the previous year, in line with Iberdrola's previous guidance.
The results for last year include charges of 464 million euros in the fourth quarter in its renewables pipeline.
Executive Chairman Ignacio Galan said that 2025 had been a record year for Iberdrola, "with more investment than ever in transmission and distribution networks in the United States and the United Kingdom, which will be our main drivers of growth in the coming years."
($1 = 0.8472 euros)
(Reporting by Pietro Lombardi; Editing by David Latona)
Iberdrola’s annual results, highlighting a 12% rise in net profit to €6.29 billion, primarily driven by stronger performance in its UK and US power networks.
The regulated networks in Britain and the United States delivered solid returns, offsetting other headwinds and providing the main boost to group profit.
Management targets adjusted net profit above €6.6 billion in 2026 and more than €7.6 billion by 2028, despite one-off charges in the renewables pipeline.
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