In the past 12 months, Iberdrola's investment reached €12.3 billion, focused mainly on networks and renewables in the US and the UK. The net profit increased by 50% to €5.47 billion, and the operating profit (EBITDA) rose by 23% to €13.27 billion.
This growth was supported by:
- A 25% increase in organic network investments over the last nine months. The asset base of the networks business now stands at €47.6 billion, with 60% located in the US and the UK.
- Renewable energy production reached 63,300 GWh in the first nine months, up by 7%, due to new investments.
- Positive results from asset rotation included in the first half of the year.
- Strong performance in the US and the UK, with EBITDA increasing by 25% and 15%, respectively.
Iberdrola has announced an interim dividend of €0.23 per share, representing a 14% increase. The company’s stock market capitalisation has also reached a high, approaching €90 billion. Iberdrola forecasts a 14% increase in full-year net profit, in line with the growth of the interim dividend.
Iberdrola is focusing on investment in renewables and grids globally, supported by a favourable regulatory environment. The company is increasing its investment in the US and the UK, with a focus on the network business, including the purchase of Electricity North West (ENW) and the approval of the merger with Avangrid by shareholders. Iberdrola is also expanding its offshore wind capacity, securing additional contracts for 1,000 MW in the UK (East Anglia TWO and Three) and 800 MW in the US (New England Wind 1).
