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EVENTS
Financial strategy
Iberdrola’s financial profile
Fixed income capital markets represent an important source of funding for the Iberdrola Group. Financial strength is one of Iberdrola’s three strategic pillars (ESG+F), alongside profitable growth and a sustainable dividend. The Group’s financial objective is therefore focused on maintaining strong financial ratios, aligned with the requirements of rating agencies for a solid investment-grade profile.
Debt capital represents an important source of financing for the Iberdrola Group. Within Iberdrola’s financial profile, one of its key objectives is to maintain strong financial ratios.
Whenever possible, Iberdrola aims to centralise its financing activities. However, there are circumstances in which the Group considers it necessary or more advantageous to secure financing at the subsidiary level. This means that most financing is carried out either at the Iberdrola S.A. level or through instruments backed by the irrevocable guarantee of Iberdrola S.A.
The Iberdrola Group places special emphasis on maintaining a highly diversified investor base and reducing financing risk. To achieve this, Iberdrola issues debt in various currency markets and with a range of maturities.
The following illustrations show the credit ratios and the adjusted net debt of the Iberdrola Group as of 31 March 2025, highlighting the group's financial strength.
Debt as of 30 June 2025 can be broken down by currency* and interest rate, as follows:
The structure of financial debt by interest rate* is as follows
The breakdown of debt* by source of financing
Liquidity profile of the Iberdrola Group
The slide below shows the Iberdrola Group’s liquidity position and debt maturity profile* as of 30 June 2025: