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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, 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.
Strategic plan 2025-2028 update: Energy outlook [PDF]
Debt capital represents a significant source of funding for the Iberdrola Group. Within Iberdrola’s financial profile, one of its key objectives is to maintain sound financial ratios.
Iberdrola aims, wherever possible, to manage its financing activities centrally; however, there are circumstances in which the Group considers it necessary or more advantageous to arrange financing at subsidiary level. This means that most financing is arranged at the level of Iberdrola SA or through instruments backed by an irrevocable guarantee from Iberdrola SA.
The Iberdrola Group places particular emphasis on having as diversified an investor base as possible and on reducing financing risk. Accordingly, Iberdrola issues debt in various currency markets and with a range of maturities.
The following illustration shows the Iberdrola Group’s credit ratios and adjusted leverage ratio as at 30 June 2026, demonstrating the Group’s financial strength
The structure of financial debt by currency* and interest rate as at 30 June 2026 is as follows:
The structure of financial debt by interest rate* is as follows, excluding Mexico in 2025:
The breakdown of debt* by market, excluding Mexico, in 2025
Liquidity profile of the Iberdrola Group
The following table shows the Iberdrola Group’s liquidity profile and debt maturity profile* as at 30 June 2026: