Iberdrola increases its net profit by 11% to 1.865 billion, driven by its networks in the United Kingdom and the USA.

 

The company Iberdrola has reported a adjusted net profit of 1.865 billion euros during the first quarter of 2026, representing an 11% increase compared to the same period of the previous year. This financial progress is based on the strong execution of its investment plan, especially in the area of electrical networks in strategic markets such as Reino Unido and Estados Unidosconsolidating its business model towards regulated and geographically diversified activities.

 

In the words of Ignacio Galán, CEO of Iberdrola"The current situation once again highlights the urgent need to strengthen security of supply, strategic autonomy, and competitiveness through electrification, which will drive new investment opportunities and contribute to building more resilient and sustainable energy systems." This vision translates into a Regulated Asset Base (RAB) which already reaches 53.000 billion euros, with outstanding double-digit growth in British territory.

 

Financial magnitudes and investment effort

 

The electricity company's capital deployment has reached €14.5 billion in the last 12 months. Of this figure, two-thirds have been specifically allocated to the networks business, while more than 50% of the total has been concentrated in the Reino Unido and Estados UnidosIn the field of generation, Iberdrola It has added 300 MW of new capacity, 60% of which corresponds to technologies of Onshore and offshore wind power.

 

Financial Indicator (Q1 2026)	Value / Figure
Adjusted Net Profit	€1.865 billion (+11%)
Total Adjusted EBITDA	4.100 € million
Investment in the last 12 months	14.500 € million
Regulated Asset Base (RAB)	€53.000 billion (+8%)
Total Liquidity	21.400 € million
dividend per share	€0,68 (All-time record)

 

EBITDA and evolution by geographic segments

 

El adjusted EBITDA The group's revenue reached €4.100 billion, driven primarily by its network business, which contributed €2.048 billion (up 9%). It is noteworthy that 84% of this figure comes from countries with a strong credit rating (A). Meanwhile, the area of Generation and Customers It recorded an EBITDA of 2.022 million euros, a slight drop of 3% due to regulatory costs in the Península Ibéricaalthough this impact was mitigated by strong production growth in the Reino Unido (+41%) and other European markets (+32%).

 

Following the completion of strategic operations such as the sale of assets in México and the acquisition of minority stakes in BrasilThe adjusted net debt stands at €50.300 billion. However, the financial ratios remain at levels fully compatible with the credit rating. BBB +, backed by €21.400 billion in liquidity.

 

Resilience in the face of the geopolitical context and a commitment to AI

 

The company has designed a highly resilient business model. For the period 2025-2028, 70% of network investments will be concentrated in English-speaking markets. Furthermore, Iberdrola It has secured 100% of its production for 2026 and has protected 93% of its purchases of strategic equipment until 2028, eliminating risks arising from tensions in the Estrecho de Ormuz or the volatility of energy commodities.

 

As an engine for future growth, the company highlights the role of the Artificial Intelligence. At present, Iberdrola It has over 300 projects underway based on this technology to transform its business processes and respond to the growing demand for electricity generated by data centers and the digitalization of the economy.

 

• Forecast 2026: Adjusted net profit growth exceeding 8% (excluding capital gains).
• General Shareholders' Meeting: It will be held on May 29th with the stock at all-time highs.
• Capitalization: The stock market valuation is approximately 135.000 billion euros.

 

Key points and frequently asked questions about Iberdrola's results

 

What is Iberdrola's growth forecast for 2026?

The company expects adjusted net profit growth of over 8% by the end of fiscal year 2026, excluding potential capital gains from asset rotation.

 

How does the geopolitical context affect the company's operations?

No significant financial impacts are expected. Iberdrola It has secured 93% of its strategic purchases until 2028 and has no dependence on fossil fuels or direct exposure to energy raw materials.

 

What role does Artificial Intelligence play in your strategy?

AI is a lever for growth and transformation with 300 active projects, aimed at optimizing internal processes and meeting the new electricity demand resulting from global technological development.