Iberdrola, S.A. Q3 2025 Earnings Recap

Iberdrola's reported net profit surged 17% to EUR 5,307 million in the first nine months of 2025, driven by strong EBITDA growth in the Networks segment, despite challenges in the Renewables division.

Key Takeaways

• Reported EBITDA rose to EUR 12,438 million, with the Networks business contributing significantly due to a 26% increase linked to a higher regulated asset base.
• Total investment peaked at EUR 9 billion, a 4% increase year-over-year, with 60% allocated to Networks and intensified spending in the UK and the US.
• Operating cash flow increased 10% to EUR 9,752 million, facilitating a EUR 3.2 billion reduction in consolidated net debt, now at EUR 48.5 billion, improving leverage ratios.
• Interim shareholder remuneration has been raised by 8.2% to EUR 0.25 per share, reflecting a solid commitment to returning value to shareholders.
• Progress in the renewable sector includes the installation of over 2,000 megawatts in the last year, with significant advancements in offshore wind projects.