5QK37QC7NWOJ8D7WVQ45-2026-06-15-1-en

Country-by-Country Tax Report 2025

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Country-by-

Country Tax

Report of the

Iberdrola Group

Financial year 2025

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Contents



I. Introduction ...................................................................................	3
II. Definitions and criteria ..............................................................	7
III. Country-by-Country Report ....................................................	11
General information .................................................................................	12
Overview of information on a country-by-country basis (*) .........	13
List of subsidiaries and activities ........................................................	14
Omitted information ................................................................................	27
IV. Signature sheet .........................................................................	28

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I. Introduction

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We prepare the Country-by-Country Report in accordance

with applicable legal provisions and transparency best

practices

We prepare, publish, deposit and make available this consolidated report on

corporate income tax or taxes of an identical or similar nature in accordance with

applicable legal provisions, our best transparency practices and the highest

standards.

Public Country-by-Country Report

The Public Country-by-Country Report Directive was formally adopted by the

European Parliament in November 2021, with the aim of promoting transparency in

the realm of corporate taxation.

The Directive requires large multinational groups with a presence in the European

Union to disclose certain corporate tax information on their website and in their

financial statements, in line with BEPS Action 13 on Country-by-Country Reporting

(including scope and activities, number of employees, revenues and profits, taxes

paid and accrued, and provisions for the year).

This Directive has already been transposed into Spanish law through Additional

Provision 11 of Law 22/2015, of 20 July, on Statutory Audits, and applies for financial

years beginning after 22 June 2024.

However, Iberdrola has voluntarily published the Country-by-Country Report since

2019 (with information referring to 2018).

Public Country-by-Country Tax Report and Global Minimum

Taxation - Top-up Tax

In addition to its intrinsic relevance with regard to corporate tax transparency, as

referred to in the previous section, the Country-by-Country Report is now also of

particular relevance in the context of Global Minimum Taxation.

As a large multinational group, the Iberdrola Group is subject to the Global Anti-Base

Erosion (GloBE) Model Rules (Pillar Two). These were approved by the Organisation

for Economic Co-operation and Development (OECD)/G20 in the context of the

Inclusive Framework on BEPS (Base Erosion and Profit Shifting) on 14 December

2021. The plan was endorsed by, among many others, the European Union Member

States.

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Under these model rules, the Group is required to pay a top-up tax on profits earned

in any tax jurisdiction where its effective tax rate, calculated at the jurisdictional level

and in accordance with the rules, is lower than a minimum of 15%.

Legislation implementing the model rules has been approved in many jurisdictions in

which Iberdrola is present.

In Spain, where the Group’s ultimate parent company is located, Council Directive

(EU) 2022/2523 of 15 December 2022 has been incorporated into national law,

particularly affecting Iberdrola through Law 7/2024, of 20 December and the

Provincial Law of the Historical Territory of Bizkaia 6/2025, of 12 December.

According to these regulations, the first year in which the new global minimum tax

obligations apply to the Iberdrola Group is 2024 and the Group is subject to the

Bizkaia´s regional regulations (although the regulations contained in Law 7/2024

applied on an interim basis for the fiscal year 2024 as the Bizkaia regulations were

still pending to be formalized). The self-assessment tax return for this initial period is

due in July 2026.

The Group has assessed the potential impact of the global minimum taxation

regulations based on its latest tax returns, Country-by-Country Report, and the

financial statements of its constituent entities. Iberdrola does not anticipate a

significant impact on equity from this model rules in 2024 and 2025. This is due to the

presence, either individually or simultaneously, of the following conditions in each

jurisdiction where it operates: an effective tax rate equal to or over the minimum one

set by the applicable rules, a substantial presence of personnel and material assets

that exclude income from the minimum taxation, or minimal levels of income and

profits.

Public Country-by-Country Tax Report and Report on Tax

Transparency of the Iberdrola Group

Transparency of information is part and parcel of our culture, values and way of doing

business. Guided by this premise, we are once again publishing this year our Tax

Transparency Report, as a further show of our commitment to ensuring accountability

to all our stakeholders.

This document describes the key aspects of our tax management model, which

guides our tax actions based on the principles of prudence, responsibility, and social

commitment, and which is also fully aligned with the Purpose and Values of the

Iberdrola Group, the Ethical and Basic Principles of Governance and Sustainability of

the Iberdrola Group, and, naturally, the Corporate Tax Policy.

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Public Country-by-Country Tax Report and the

Consolidated Financial Statements and Sustainability

Report

In accordance with the applicable legal provisions, the Country-by-Country Report

must be approved and published within the six months following the end of the

financial year to which it refers. It must also be submitted to the Commercial Registry

together with the documents that form part of the consolidated annual accounts.

The Iberdrola Group’s consolidated financial statements (Statement of Financial

Information) and sustainability report (Statement of Non-Financial Information)

contain relevant tax information, in accordance with their own regulatory standards,

which differ from those disclosed on the Country-by-Country Report.

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II. Definitions and criteria

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We prepare the Country-by-Country Report applying the

standards and criteria established by the OECD

Based on the information contained in the individual financial statements of the

Group entities used to prepare the consolidated financial statements.

Definitions and criteria applied in the preparation of the

public Country-by-Country Tax Report

Data source

Iberdrola has prepared the information contained in the Country-by-Country Report

by aggregating the information contained in the separate financial statements of the

Group’s entities, based on IFRS accounting standards. Each subholding company in

the Group reports data relating to its subgroup in various information systems which

are then aggregated in the reporting of the ultimate parent company, Iberdrola, S.A.

Scope

The list of group entities includes controlled entities that are fully and proportionately

consolidated, excluding those entities that are accounted for using the equity method.

Permanent establishments are considered to be part of the tax jurisdiction in which

they are located. Entities acquired or disposed of during the financial year are also

included in the scope, provided that their income, expenses, assets or liabilities were

fully or proportionately consolidated in the group's consolidated financial statements

for at least, part of the financial year.

Constituent figures of the Country-by-Country Report

1.- Revenues

This category includes the following items: net turnover, other operating

income and financial income, excluding dividends received from another

constituent entity, and amounts recorded in the financial statements of a

constituent entity representing all or part of another constituent entity’s profit.

As the data source considered is the aggregation of items retrieved from the

individual financial statements, the related party income reported reflects the

full amount of domestic and international operations without any elimination of

intra-group transactions typically associated with the consolidation process.

Revenues with related parties are revenues from entities included in the scope

of the Country-by-Country Report.

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2.- Profit (or loss) before income tax

Profit before tax is based on the individual IFRS financial statements used in

the preparation of the consolidated financial statements. In particular, the Profit

before tax is reported excluding dividends from other constituent entities, in

line with their exclusion in the revenue section. Note that no information is

given for those companies accounted for using the equity method.

3.- Income Tax paid (on cash basis)

This includes the net amount paid, i.e. payments minus refunds. The items

included are: Income tax paid in tax returns and self-assessments, income tax

paid as a result of inspection proceedings, withholding taxes paid abroad by

the entity that bears the withholding tax, withholding taxes paid within the

country on account of the tax. It does not include any payments of late

payment interest, surcharges or penalties relating to income tax charges. For

consistency with the revenue and profit before income tax item, income tax

paid related to dividends from other constituent entities is also excluded. The

latter results in a difference between the income tax paid (on a cash basis)

derived from the Total Tax Contribution data, and the one reflected in this

Country-by-Country Report.

4.- Income Tax accrued (current year)

The current income tax expenditure of fully and proportionately consolidated

entities is considered (excluding deferred taxes). This item excludes the tax

expense associated with uncertain tax positions, as well as the current

expense relating to dividends received from other constituent entities.

5.- Accumulated earnings

This figure includes the net assets, without subscribed capital, contributed by

each entity within the scope at financial year-end.

6.- Number of employees

Includes the number of employees on the payroll at 31 December of the year

in question, in terms of FTEs (full time equivalents).

Additional figures reported in the Country-by-Country Report

In addition to the parameters required by applicable legal provisions and for

enhancing the transparency and providing a better understanding of the data, the

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Iberdrola Group reports the following additional figures in this Country-by-Country

Report:

1.- Total taxes paid (own and collected on cash basis)

Includes total taxes paid on all items, i.e. payments minus refunds, in the tax

territory concerned. This includes both own taxes (i.e. those that have an

impact on the income statement of the Iberdrola Group’s entities) and taxes

collected.

2.- Total Income Tax accrued

The total income tax expense recorded for all items of fully and proportionately

consolidated entities is considered.

All monetary amounts are expressed in euros.

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III. Country-by-Country Report

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Section 1

General information


Name of the ultimate parent of the group / of the standalone undertaking	Iberdrola, S.A.
Country where the ultimate parent has its registered office	Spain
Country Code where the ultimate parent has its registered office	ES
Financial Year – start date	2025/01/01
Financial Year – end date	2025/12/31
Reporting currency	EUR
Is the information in the report based on reporting instructions used for tax purposes, pursuant to the Orden HFP/1978/2016, of December 28th, which approves the Form 231, Country by Country report(yes/no)?	Yes

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Section 2 Overview of information on a country-by-country basis (*) (monetary amounts

are expressed in euros)


Tax jurisdiction	Country code	Revenues	Profit (or loss) before Income tax	Total taxes paid (own and collected) – on cash basis	Income tax paid – on cash basis	Total income tax accrued	Income tax accrued – current year	Accumulated earnings	Number of employees
Bulgaria	BG	542	-428,320	-17,986	0	0	0	-29,698,105	0
Cyprus	CY	4,153,033	1,792,567	1,153,246	354,649	300,000	300,000	4,729,908	3
Germany	DE	692,717,493	89,507,464	-8,006,258	-66,633,753	23,707,681	18,343,304	428,103,546	177
Spain	ES	37,269,889,109	3,749,593,986	4,674,911,368	580,432,184	807,270,615	358,767,981	33,496,156,233	9,913
France	FR	459,653,416	138,268,254	27,099,371	11,595,984	35,887,376	25,036,533	219,258,537	131
Greece	GR	87,677,814	41,201,220	17,324,039	11,635,761	9,225,515	9,346,419	156,557,261	112
Hungary	HU	32,984,462	19,174,368	14,929,434	5,444,104	5,510,865	6,237,893	88,211,546	10
Ireland	IE	5,050,448	-441,682	243,592	3,068	28,083	27,361	-49,978,575	2
Italy	IT	206,115,881	-7,133,958	29,320,930	165,205	-939,336	870,561	-243,418,106	101
Luxembourg	LU	6,544,257	30,842,457	77,842	12,767	7,255,548	12,367	36,663,417	1
Latvia	LV	3,484,108	1,222,028	666,974	194,204	194,204	194,204	1,027,824	1
Malta	MT	0	0	0	0	0	0	1,133,939	0
The Netherlands	NL	352,569,921	-28,635	47,716	7,428	6,913	6,913	10,063,583	0
Poland	PL	43,718,415	-16,257,638	8,645,230	2,165,261	-849,425	-233,328	-18,492,423	39
Portugal	PT	1,927,072,018	-19,270,179	213,209,643	23,353,721	1,797,782	18,849,371	273,285,050	240
Romania	RO	3,591,197	2,233,796	1,103,838	1,103,838	508,506	508,732	9,861,057	0
Sweden	SE	84,632	-1,431,463	0	0	0	0	-25,306,007	0
Vietnam	VN	464,354	0	123,080	0	0	0	0	0
All other tax jurisdictions (aggregated basis)	X5	39,064,266,795	5,351,085,638	5,433,029,510	974,880,947	1,033,625,236	404,501,744	37,757,300,240	34,781

(*) Iberdrola has prepared the information in the Country-by-Country Report by aggregating the data of the individual financial statements of the Group’s

entities, prepared in accordance with IFRS accounting standards. This information may vary from the one expressed for the same or similar items in the

Group’s consolidated financial statements (Statement of Financial Information) and sustainability report (Statement of Non-Financial Information), which

contain relevant financial and tax information, in accordance with their own regulatory standards, which may differ from those foreseen for the Country-by-

Country Report.

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Section 3

List of subsidiaries and activities


Member State or tax jurisdiction	Country code	Name of each subsidiary undertaking in the Member State or tax jurisdiction	Brief description of the nature of activities in the Member State or tax jurisdiction
Germany	DE	Aalto Power, GmbH. Baltic Eagle, GmbH & Co KG Baltic Eagle Verwaltungs, GmbH. Iberdrola Deutschland, GmbH. Iberdrola Energie Deutschland, GmbH. Iberdrola Projektgesellschaft 1, GmbH & Co KG Iberdrola Projektgesellschaft 2, GmbH & Co KG Iberdrola Renovables Deutschland, GmbH. Iberdrola Renovables Development Deutschland, GmbH. Iberdrola Strom, GmbH. Solarpark Boldekow, GmbH & Co KG Solarpark Kleinfurra, GmbH & Co KG Solarpark Schadewohl, GmbH & Co KG Solarpark ZaD, GmbH & Co KG Wikinger Offshore Deutschland Verwaltungs, GmbH. Wikinger Offshore Deutschland, GmbH & Co KG Windanker, GmbH.	Manufacturing or Production Sales, Marketing or Distribution Administrative, Management or Support Services Internal Group Finance Holding Shares or Other Equity Instruments
Bulgaria	BG	Iberdrola Renewables Bulgaria, EOOD Iberdrola Inmobiliaria Real State Investment, EOOD	Dormant Other
Cyprus	CY	Rokas Aeoliki Cyprus, Ltd	Manufacturing or Production

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Member State or tax jurisdiction	Country code	Name of each subsidiary undertaking in the Member State or tax jurisdiction	Brief description of the nature of activities in the Member State or tax jurisdiction
Spain	ES	Iberdrola, S.A. Iberdrola España, S.A.U. Anselmo León Distribución, S.L. Eléctrica Conquense Distribución, S.A. Eléctrica Conquense, S.A. Iberdrola Redes España, S.A. I-DE Redes Eléctricas Inteligentes, S.A.U. Maestrazgo Distribución Eléctrica, S.L.U. Balantia Energy Solutions & Technologies S.L. Biomilagros Tech, S.L.U. Curenergía Comercializador de Último recurso, S.A.U. Electra Energía. S.A.U. Energyworks Aranda, S.L. Energyworks Carballo, S.L. Energyworks Cartagena, S.L. Energyworks Fonz, S.L. Energyworks Milagros, S.L. Energyworks Monzón, S.L. Energyworks San Millán, S.L. Energyworks Villarrobledo, S.L. Energyworks Vit-Vall, S.L. Iberdrola Clientes Internacional, S.A.	Research and Development Holding or Managing Intellectual Property Purchasing or Procurement Manufacturing or Production Sales, Marketing or Distribution Administrative, Management or Support Services Provision of Services to Unrelated Parties Internal Group Finance Holding Shares or Other Equity Instruments Dormant Other

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Member State or tax jurisdiction	Country code	Name of each subsidiary undertaking in the Member State or tax jurisdiction	Brief description of the nature of activities in the Member State or tax jurisdiction
Spain	ES	Iberdrola Clientes, S.A.U. Iberdrola Cogeneración, S.L.U. Iberdrola Energía España, S.A.U. Iberdrola Green2Next, S.L. Iberdrola Servicios Energéticos, S.A.U. Productos y Servicios de Confort, S.A. Aixeindar, S.A. Anselmo León Hidráulica, S.L. Asociación Nuclear Ascó – Vandellós, A.I.E. Bionor Eólica, S.A. Biovent Energía, S.A. Boreas Wind, S.L. Cantaber Generación Eólica, S.L. Centrales Nucleares Almaraz – Trillo, A.I.E. Cerezo Wind, S.L. Ciener, S.A.U. Comunes Rio Carrión, S.L. Dehesa Solar Sur, S.L. Desarrollos Fotovoltaicos Fuentes, S.L. Proyectos Renovables de Caparacena, S.L. (Formerly Desarrollos Renovables Alcocero de Mola, S.L.) Desarrollos Renovables Alcoi, S.L. Desarrollos Renovables Alhorines, S.L.	Research and Development Holding or Managing Intellectual Property Purchasing or Procurement Manufacturing or Production Sales, Marketing or Distribution Administrative, Management or Support Services Provision of Services to Unrelated Parties Internal Group Finance Holding Shares or Other Equity Instruments Dormant Other

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Member State or tax jurisdiction	Country code	Name of each subsidiary undertaking in the Member State or tax jurisdiction	Brief description of the nature of activities in the Member State or tax jurisdiction
Spain	ES	Desarrollos Renovables Ayora, S.L. Desarrollos Renovables Biar, S.L. Desarrollos Renovables Caparacena, S.L. Desarrollos Renovables Ciudad Rodrigo, S.L. Desarrollos Renovables Cofrentes, S.L. Desarrollos Renovables Escatrón, S.L. Desarrollos Renovables Fuendetodos, S.L. Desarrollos Renovables FV Laguna, S.L. Desarrollos Renovables FV Lanza, S.L. Desarrollos Renovables FV Olmedillla, S.L. Desarrollos Renovables FV Romeral, S.L. Desarrollos Renovables Peñarrubia, S.L. Desarrollos Renovables Peralta, S.L. Desarrollos Renovables Santiponce, S.L. Desarrollos Renovables Tagus, S.L. Desarrollos Renovables Trinidad, S.L. Desarrollos Renovables Virgen de Areños III, S.L. (Formerly Desarrollos Renovables Villamanrique, S.L.) Ekienea, S.L. Electra Sierra de los Castillos, S.L. Eléctricas de la Alcarria, S.L. Eme Hueneja Cuatro, S.L. Energía de Castilla y León, S.A.	Research and Development Holding or Managing Intellectual Property Purchasing or Procurement Manufacturing or Production Sales, Marketing or Distribution Administrative, Management or Support Services Provision of Services to Unrelated Parties Internal Group Finance Holding Shares or Other Equity Instruments Dormant Other

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Member State or tax jurisdiction	Country code	Name of each subsidiary undertaking in the Member State or tax jurisdiction	Brief description of the nature of activities in the Member State or tax jurisdiction
Spain	ES	Energías Ecológicas de Tenerife, S.A. Energías Eólicas de Cuenca, S.A. Energías Renovables Cespedera, S.L. Energías Renovables Cornicabra, S.L. Energías Renovables de Belona, S.L. Energías Renovables de Circe S.L. Energías Renovables de Febe S.L. Energías Renovables de Hermes, S.L. Energías Renovables de la Región de Murcia, S.A. Energías Renovables de Tione, s.l. Energías Renovables Espliego, S.L. Energías Renovables Ibermap, S.L. Energías Renovables Jungla Verde, S.L. Energías Renovables Poleo, S.L. Energías Renovables Romeo, S.L. Energías Renovables Velilla. S.L. (Formerly Desarrollos Renovables FV Teruel, S.L.) Energías Verdes de Tenerife, S.L. Eólica 2000, S.L. Eólica San Cristobal, S.L. Eólicas de Euskadi, S.A.U. Fincalia Agropecuaria siglo XXI, S.L. Fincalia Agropecuaria, S.A.	Research and Development Holding or Managing Intellectual Property Purchasing or Procurement Manufacturing or Production Sales, Marketing or Distribution Administrative, Management or Support Services Provision of Services to Unrelated Parties Internal Group Finance Holding Shares or Other Equity Instruments Dormant Other

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Member State or tax jurisdiction	Country code	Name of each subsidiary undertaking in the Member State or tax jurisdiction	Brief description of the nature of activities in the Member State or tax jurisdiction
Spain	ES	Fotovoltaica Varadero, S.L. Hidroeléctrica del Guadalope, S.A.U. Iberdrola Energía Sostenible España, S.L.U. Iberdrola Energías Marinas de Cantabria, S.A. Iberdrola Generación Nuclear, S.A.U. Iberdrola Generación Térmica, S.L.U. Iberdrola Generación, S.A.U. Iberdrola Operación y Mantenimiento, S.A.U. Iberdrola Renovables Galicia, S.A.U. Iberdrola Renovables Andalucía, S.A.U. Iberdrola Renovables Aragón, S.A.U. Iberdrola Renovables Canarias, S.A.U. Iberdrola Renovables Castilla – La Mancha, S.A.U. Iberdrola Renovables Castilla y León, S.A. Iberdrola Renovables Energía, S.A.U. Iberdrola Renovables Internacional, S.A. Iberdrola Renovables La Rioja 2, S.A. Iberduero, S.L.U. Iberenova Promociones, S.A.U. Iberjalón, S.A. ICARO Renovables, S.A. Infraestructuras de Medinaceli, S.L.	Research and Development Holding or Managing Intellectual Property Purchasing or Procurement Manufacturing or Production Sales, Marketing or Distribution Administrative, Management or Support Services Provision of Services to Unrelated Parties Internal Group Finance Holding Shares or Other Equity Instruments Dormant Other

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Member State or tax jurisdiction	Country code	Name of each subsidiary undertaking in the Member State or tax jurisdiction	Brief description of the nature of activities in the Member State or tax jurisdiction
Spain	ES	Iniciativas Eólicas Cantabria, S.L. LLanos Pelaos Fotovoltaica, S.L. Molinos del Cidacos, S.A. Parque Eólico Capiechamartin, S.L. Parque Eólico Cordel y Vidural, S.L. Parque Eólico Cruz de Carrutero, S.L. Parque Eólico Encinillas, S.L. Parque Eólico Panondres, S.L. Parque Eólico Verdigueiro, S.L. Parque Solar Cáceres, S.L. Parques Eólicos Alto de Layna, S.L. Peache Energías Renovables, S.A. Producciones Energéticas Asturianas, S.L. Proyecto Nuñez de Balboa, S.L. Proyecto Solar Francisco Pizarro, S.L. Puerto Rosario Solar 2, S.L. Puerto Rosario Solar 3, S.L. PV I Ataulfo, S.L. Renovables de Buniel, S.L. Renovables de la Ribera, S.L. Sistema Eléctrico de Conexión Hueneja, S.L. Sistemas Energéticos Altamira, S.A.U.	Research and Development Holding or Managing Intellectual Property Purchasing or Procurement Manufacturing or Production Sales, Marketing or Distribution Administrative, Management or Support Services Provision of Services to Unrelated Parties Internal Group Finance Holding Shares or Other Equity Instruments Dormant Other

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Member State or tax jurisdiction	Country code	Name of each subsidiary undertaking in the Member State or tax jurisdiction	Brief description of the nature of activities in the Member State or tax jurisdiction
Spain	ES	Sistemas Energéticos Chandrexa, S.A. Sistemas Energéticos de La Linera, S.A.U. Sistemas Energéticos del Moncayo, S.A. Sistemas Energéticos Finca San Juan, S.L. Sistemas Energéticos Jaralón, S.A. Sistemas Energéticos La Gomera, S.A.U. Sistemas Energéticos La Higuera, S.A. Sistemas Energéticos La Muela, S.A. Sistemas Energéticos Loma del Viento, S.A. Sistemas Energéticos Mas Garullo, S.A. Sistemas Energéticos Nacimiento, S.A.U. Sistemas Energéticos Serra de Lourenza, S.A. Sistemas Energéticos Tacica de Plata, S.A.U. Sistemas Energéticos Torralba, S.A. Sistemas Eólicos de Muñó, S.L. Sistemes Energetics Savalla del Comtat, S.A.U. Solar Majada Alta, S.L. Tarragona Power, S.L.U. Iberdrola Energía Internacional, S.A. Iberdrola Energía, S.A. Hidrola I, S.L.U. Iberdrola Participaciones, S.A.U.	Research and Development Holding or Managing Intellectual Property Purchasing or Procurement Manufacturing or Production Sales, Marketing or Distribution Administrative, Management or Support Services Provision of Services to Unrelated Parties Internal Group Finance Holding Shares or Other Equity Instruments Dormant Other

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Member State or tax jurisdiction	Country code	Name of each subsidiary undertaking in the Member State or tax jurisdiction	Brief description of the nature of activities in the Member State or tax jurisdiction
Spain	ES	Iberdrola Participaciones España, S.L.U. Iberdrola Ingeniería de Explotación, S.A.U. Iberdrola Ingeniería y Construcción, S.A.U. Arrendamiento de Viviendas Protegidas Siglo XXI, S.L. Iberdrola Inmobiliaria Patrimonio, S.A.U. Iberdrola Inmobiliaria, S.A. Aerothermal Solutions, S.L. Carbon2nature, S.A. CPD4Green, S.A.U. CPD4Green Toledo, S.L. Echelon Iberdrola Digital Infra, S.L. (Formerly CPD4Green Centro de Datos, S.L.) Fastlight, S.L. Inversiones Financieras Perseo, S.L. Iberdrola Corporación, S.A. Iberdrola Inversiones 2010, S.A.U. Torre Iberdrola, A.I.E. Iberdrola Financiación, S.A. Iberdrola Finanzas, S.A.U. Iberdrola Finance Ireland, DAC	Research and Development Holding or Managing Intellectual Property Purchasing or Procurement Manufacturing or Production Sales, Marketing or Distribution Administrative, Management or Support Services Provision of Services to Unrelated Parties Internal Group Finance Holding Shares or Other Equity Instruments Dormant Other

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Member State or tax jurisdiction	Country code	Name of each subsidiary undertaking in the Member State or tax jurisdiction	Brief description of the nature of activities in the Member State or tax jurisdiction
France	FR	Aalto Power GmbH France, S.A.R.L. Aerodis Bussière, S.A.S. Aerodis Herbitzheim, S.A.S. Aerodis les Chaumes, S.A.R.L. Aerodis Pays de Boussac, S.A.R.L. Ailes Marine, S.A.S. Energies du Champs des Sœurettes, S.A.S. Iberdrola Développement Renouvelable Agrivoltaïque, S.A.S. Iberdrola Développement Renouvelable, S.A.R.L. Iberdrola Energie France, S.A.S. Iberdrola France, S.A.S. Iberdrola Renouvelables, S.A.S. SEPE Aerodis Chambonchard, S.A.S. SEPE de Beauchamps, S.A.S. SEPE de Bougueneuf, S.A.S. SEPE de Kerien, S.A.S. SEPE de Plemy, S.A.S. SEPE de Plouguenast Langast, S.A.S. SEPE de Sevigny, S.A.S. SEPE du Rocher de Mementu, S.A.S. SEPE La Croix Didier, S.A.R.L. SEPE La Pièce du Roi, S.A.R.L.	Manufacturing or Production Sales, Marketing or Distribution Administrative, Management or Support Services Holding Shares or Other Equity Instruments Other

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Member State or tax jurisdiction	Country code	Name of each subsidiary undertaking in the Member State or tax jurisdiction	Brief description of the nature of activities in the Member State or tax jurisdiction
France	FR	SEPE Le Florembeau, S.A.R.L. SEPE Le Fond D’etre, S.A.R.L. SEPE les Coutures, S.A.S. Societe D'exploitation Du Parc Eolien Les Neufs Champs, S.A.S. Societe D'exploitation Eolienne D’Orvilliers, S.A.S. Centrale Solaire AMDA I, S.A.S. Centrale Solaire AMDA II, S.A.S. Centrale Solaire AMDA III, S.A.S. Centrale Solaire AMDA IV, S.A.S. Centrale Solaire AMDA V, S.A.S. Centrale Solaire AMDA VI, S.A.S. Centrale Solaire AMDA VII, S.A.S. Centrale Solaire AMDA VIII, S.A.S. Centrale Solaire AMDA XI, S.A.S. Centrale Solaire AMDA XV, S.A.S. Centrale Solaire AMDA XVI, S.A.S. Centrale Solaire AMDA XVIII, S.A.S. Centrale Solaire AMDA XIX, S.A.S.	Manufacturing or Production Sales, Marketing or Distribution Administrative, Management or Support Services Holding Shares or Other Equity Instruments Other
Greece	GR	Aeliared Energy Aetolias Single Member S.A. C. Rokas Industrial Commercial Company, S.A. PPC Renewables Rokas, S.A. Rokas Aeoliki Thraki III, S.A. Rokas Construction, S.A. Rokas Hydroelectric, S.A.	Manufacturing or Production Provision of Services to Unrelated Parties Holding Shares or Other Equity Instruments
The Netherlands	NL	Iberdrola International, B.V.	Administrative, Management or Support Services
Hungary	HU	Iberdrola Renovables Magyarorszag, Kft	Manufacturing or Production

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Member State or tax jurisdiction	Country code	Name of each subsidiary undertaking in the Member State or tax jurisdiction	Brief description of the nature of activities in the Member State or tax jurisdiction
Ireland	IE	Iberdrola Ireland Limited Clarus Offshore Wind Farm. Ltd. DP Irish Offshore Wind Ltd. Iberdrola Renewables Ireland, Ltd. Inis Ealga Marine Energy Park, Ltd. Shelmalere Offshore Wind Farm, Ltd. ScottishPower Renewables UK Limited Irish branch	Manufacturing or Production Sales, Marketing or Distribution Administrative, Management or Support Services Holding Shares or Other Equity Instruments
Italy	IT	Iberdrola Italia, S.R.L. (Formerly Iberdrola Clienti Italia, S.R.L.) Eneradmiral 2, S.R.L. Fattoria Solare Sarmato, S.R.L Green Frogs Montalto, S.R.L. Green Frogs Tarquinia, S.R.L. Iberdrola Renovables Italia, S.p.A. IBVI 1, S.R.L. Limes 10, S.R.L. Limes 15, S.R.L. Montelungo Energía, S.R.L. Montenero Green Energy, S.R.L. Rokas Constructions SA Filiale Italiana Italy Branch Innovo Development 9 S.R.L.	Manufacturing or Production Sales, Marketing or Distribution Administrative, Management or Support Services Provision of Services to Unrelated Parties Holding Shares or Other Equity Instruments
Latvia	LV	Iberdrola Generación, S.A. Latvia Branch	Provision of Services to Unrelated Parties
Luxembourg	LU	Infigen Energy Finance (Lux), SARL Infigen Energy Holdings, SARL Iberdrola Re, S.A.	Insurance Dormant
Malta	MT	Infigen Energy (Malta) Ltd.	Dormant

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Member State or tax jurisdiction	Country code	Name of each subsidiary undertaking in the Member State or tax jurisdiction	Brief description of the nature of activities in the Member State or tax jurisdiction
Poland	PL	Fotowoltaika HIG XV, SP Z O.O. Fotowoltaika HIG XVI, SP Z O.O. Iberdrola Renewables Polska, Z.O.O. Monsoon Energy, SP Z.O.O. Passat Energy, SP Z.O.O. Pon-Therm Farma Wólka Dobryńska, SP Z.O.O. PV Biskupiec, SP Z.O.O. Salvia SP. Z.O.O. Southern Windfarm, SP Z.O.O. Wind Field Korytnica, SP Z.O.O.	Manufacturing or Production Administrative, Management or Support Services Holding Shares or Other Equity Instruments
Portugal	PT	Iberdrola Clientes Portugal, Unipessoal Ltda. Iberdrola Suporte Projecto Tâmega, Unipessoal Lda. Ibertâmega - Sistema Electroprodutor Do Tâmega, S.A. Energías Renovaveis Tras-Os-Montes 360, S.A. Eoenergi Energía Eólica, S.A. Iberdrola Renewables Portugal, S.A. P.E. da Serra do Alvao, S.A. Iberdrola Generación, S.A. Portugal Branch	Manufacturing or Production Sales, Marketing or Distribution Administrative, Management or Support Services Holding Shares or Other Equity instruments
Romania	RO	Iberdrola Renewables Romania, S.R.L.	Administrative, Management or Support Services
Sweden	SE	Iberdrola Förnybar Sverige AB	Manufacturing or production
Vietnam	VN	Iberdrola Renewables Operation Vietnam Company, Limited Iberdrola Renewables Vietnam Company, Limited	Manufacturing or production

The above table includes the entities and permanent establishments of the countries listed in Section 2, including those entities

incorporated in these jurisdictions that are considered and qualify as tax transparent, meaning their income, expenses, gains or

losses are wholly or partly attributable for tax purposes to their shareholders.

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Section 4

Omitted information


Information omitted (if any) for this financial year
Information omitted	Information omitted, other tax jurisdictions	Explanation of reason for omission of information
Not applicable	Not applicable	Not applicable
Disclosure of information omitted for previous financial years
Not applicable

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IV. Signature sheet

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FINANCIAL YEAR 2025

REPORT ON CORPORATE INCOME TAX OR TAXES OF AN IDENTICAL OR

SIMILAR NATURE

Imagine, innovate, create, build, make it happen and... continue.

Keep going, to keep growing.

Building new roads has made us the innovative electricity company par excellence

worldwide. A sustainable company with differential growth, because our business is a

positive legacy for society and for the planet: growing from an energy model that

protects nature, creates value for its shareholders and generates progress and well-

being for society, improving the present and the future of this and coming

generations. This is the pathway along which we will keep growing.

Keep growing, keep building a better world.