Annual results

2025 Results presentation

Record investments of €14.46 billion in the last financial year have driven a 12% increase in our net profit.

On Wednesday 25 February 2026 we held the 2025 Results Presentation. The Iberdrola Group has consolidated 25 years of sustained growth with net profit of up to €6.285 billion thanks to strong investment to increase the asset base in Networks in the US and UK, with transmission as the driver of growth.

25 FEBRUARY

09:30h - 11:00 h (GMT+1)

Link to webcast replay

Details of the event [PDF]

Ignacio S. Galán, Executive Chairman of Iberdrola, analyses the results of 2025. Video transcript External link, opens in new window.

Iberdrola's 2025 Results presentation webcast

Please find in this section all the information regarding the webcast of the 2025 Results presentation

Date: Wednesday, 25 February 2026.
Time: 09:30 a.m. (Madrid) / 08:30 a.m (London).
Duration: Approximately 1 hour, 30 minutes.
Place: It is not possible to attend the meeting in person, only via webcast and conference call.

Key figures 2025

€6.28bn

Reported Net Profit

€15.68bn

Adjusted EBITDA

€14.46bn

total investment in the period

62%

of total investment allocated to networks

€50.9bn

of network assets

88,190

GWh renewable generation
in the period

Documentation 2025 Results presentation

25/02/2026
Results report

Report with all economic and financial information from 2025.

See PDF

25/02/2026
Results presentation

All economic and financial information of our Group in 2025.

See PDF

25/02/2026
Results spreadsheet

Excel document with our 2025 results data.

Download

25/02/2026
Results report

Report with all economic and financial information from 2025.

See PDF

25/02/2026
Results presentation

All economic and financial information of our Group in 2025.

See PDF

25/02/2026
Results spreadsheet

Excel document with our 2025 results data.

Download

Our facilities

Our facilities map reflects the company's key operating data worldwide

Facility map

Documentation of past results presentations

Nine months Results

28/10/2025 2025 9M Results reportEnlace externo, se abre en ventana nueva.	PDF (2.5 MB)
28/10/2025 2025 9M Results presentationEnlace externo, se abre en ventana nueva.	PDF (787 KB)
28/10/2025 2025 9M Results spreadsheetEnlace externo, se abre en ventana nueva.	XLSX (106 KB)
17/10/2025 2025 9M IBE Watch Fact SheetEnlace externo, se abre en ventana nueva.	PDF (320 KB)
23/07/2025 Press release: Growth in the UK and US drives Iberdrola to Record €9 Billion Investment, Boosting Profits by 17%Enlace externo, se abre en ventana nueva.
16/07/2025 Conference Call. 2025 9M Results PresentationEnlace externo, se abre en ventana nueva.	PDF (1,3 MB)
Link to Webcast replay
23/07/2025 Audio file: 2025 9M Results Q&A	MP3 (33,9 MB)
23/07/2025 2025 9M Highlights of the period infographic	PDF (846 KB)
23/07/2025 2025 9M Sustainability infographicEnlace externo, se abre en ventana nueva.	PDF (1.6 MB)

First Half Results

23/07/2025 2025 1H Results report	PDF (3.6 MB)
23/07/2025 2025 1H Results presentation	PDF (1.1 KB)
23/07/2025 2025 1H Results Spreadsheet	XLSX (95 KB)
11/07/2025 2025 1H IBE Watch Fact Sheet	PDF (313 KB)
23/07/2025 Press release: Investments of €17.3bn in the last year raise Iberdrola's H1 2025 profit to €3.56bn
23/07/2025 Executive Chairman's financial speech: Ignacio S. Galán analyses the results for the First Half of 2025	PDF (84 KB)
23/07/2025 Equity Raise	PDF (298 KB)
25/07/2025 Information to CNMV: Individual and Consolidated Statistic Information	PDF (2.3 MB)
24/07/2025 Interim Condensed Financial Statements, Interim Management Report and Report on Limited Review Consolidated	PDF (1.2 MB)
24/07/2025 Interim Financial Statements Selected Summary, Interim Management Report and Report on Limited Review Individual	PDF (554 KB)
16/07/2025 Conference Call. 2025 1H Results presentation	PDF (152 KB)
Watch the webcast of the event again here. Also available for mobile devices
23/07/2025 Q&A Audio File Results Presentation	MP3 (49 MB)
23/07/2025 2025 1H Highlights of the period infographic	PDF (779 KB)
23/07/2025 2025 1H Sustainability infographic	PDF (2.9 MB)

First Quarter Results

30/04/2025 2025 Q1 Results report	PDF (2.9 MB)
30/04/2025 2025 Q1 Results presentation	PDF (548 KB)
30/04/2025 2025 Q1 Results Spreadsheet	XLSX (90 KB)
11/04/2025 2025 Q1 IBE Watch Fact Sheet	PDF (319 KB)
30/04/2025 Press release: Record investments of €17.3 billion in the last 12 months boost our profit in the Q1 to more than €2 billion
23/04/2025 Conference Call. 2025 Q1 Results presentation	PDF (38 KB)
Watch the webcast of the event again here. Also available for mobile devices
30/04/2025 Q&A Audio File Results Presentation	MP3 (15.3 MB)
30/04/2025 2025 Q1 Highlights of the period infographic	PDF (1.2 MB)
30/04/2025 2025 Q1 Sustainability infographic	PDF (818 KB)

Alternative Performance Measures

17/10/2025 Nine monthsEnlace externo, se abre en ventana nueva.	PDF (148 KB)
23/07/2025 First Half	PDF (132 KB)
30/04/2025 First Quarter	PDF (211 KB)

Fiscal Year 2024 Results

27/02/2025 2024 Results report	PDF (3.6 MB)
27/02/2025 2024 Results presentation	PDF (640 KB)
27/02/2025 2024 Results Spreadsheet	XLSX (97 KB)
31/01/2025 2024 IBE Watch Fact Sheet	PDF (319 KB)
Press release: Record investment of €17 billion boosts Iberdrola’s net profit to €5.612 billion, up 17%
27/02/2025 Executive Chairman's financial speech: Ignacio S. Galán analyses the results for the 2024 financial year	PDF (92 KB)
20/02/2025 Conference Call. 2024 Results presentation	PDF (170 KB)
27/02/2025 Q&A Audio File Results Presentation	MP3 (37.6 MB)
27/02/2025 2024 Highlights of the period infographic	PDF (1.26 MB)
27/02/2025 2024 Sustainability infographic	PDF (7.2 MB)
28/02/2025 Information to CNMV: Individual and Consolidated Statistical Information	PDF (160 KB)
19/03/2025 Annual Accounts, Directors' Report, Audit Report and Liability Statement 2024 (individual)	PDF (2.9 MB)
19/03/2025 Annual Accounts, Directors' Report, Audit Report and Liability Statement 2024 (consolidated)	PDF (7.1 MB)

Nine months Results

23/10/2024 2024 9M Results Report	PDF (4.1 MB)
23/10/2024 2024 9M Results Presentation	PDF (772 KB)
23/10/2024 2024 9M Results Spreadsheet	XLSX (78 KB)
11/10/2024 2024 9M IBE Watch Fact Sheet	PDF (362 KB)
Press release: Highest investment period boosts Iberdrola's results to record levels
23/10/2024 Executive Chairman's financial speech: Ignacio S. Galán analyses the results for the first Nine Months of 2024	PDF (96 KB)
16/10/2024 Conference Call. 2024 9M Results Presentation	PDF (162 KB)
23/10/2024 Audio file: Results Q&A	MP3 (30.6 MB)
23/10/2024 2024 9M Highlights of the period infographic	PDF (652 KB)
23/10/2024 2024 9M ESG+F infographic	PDF (699 KB)

First half Results

24/07/2024 2024 1H Results Report	PDF (4.2 MB)
24/07/2024 2024 1H Results Presentation	PDF (743 KB)
24/07/2024 2024 1H Results Spreadsheet	XLSX (69 KB)
19/07/2024 2024 1H IBE Watch Fact Sheet	PDF (323 KB)
Press release: Record investments of €5.28 Bn (+16%) and strong operational performance drive H1 reported net profit of €4.13 Bn
24/07/2024 Executive Chairman's financial speech: Ignacio S. Galán analyses the results for the First Half of 2024	PDF (95 KB)
17/07/2024 Conference Call. 2024 1H Results Presentation	PDF (160 KB)
24/07/2024 Audio file: Results Q&A	MP3 (20.8 MB)
24/07/2024 2024 1H Highlights of the period infographic	PDF (676 MB)
24/07/2024 2024 1H ESG+F infographic	PDF (833 KB)
26/07/2024 Information to CNMV: Individual and Consolidated Statistic Information	PDF (163 KB)
26/07/2024 Interim Condensed Financial Statements, Interim Management Report and Report on Limited Review Consolidated	PDF (933 KB)
26/07/2024 Interim Financial Statements Selected Summary, Interim Management Report and Report on Limited Review Individual	PDF (465 MB)

First quarter Results

24/04/2024 2024 Q1 Results Report	PDF (4,4 MB)
24/04/2024 2024 Q1Results Presentation	PDF (930 KB)
24/04/2024 2024 Q1 Results Spreadsheet	XLSX (68 KB)
19/04/2024 2024 Q1 IBE Watch Fact Sheet	PDF (1.1 MB)
Press release: Iberdrola posts Q1 profit growth, with record investments, raises full-year profit guidance
24/04/2024 Executive Chairman's financial speech: Ignacio S. Galán analyses the results for the Frst Quarter of 2024	PDF (137 KB)
15/04/2024 Conference Call. 2024 Q1 Results Presentation	PDF (160 KB)
24/04/2024 Audio file: Results Q&A	MP3 (20,8 MB)
24/04/2024 2024 Q1 Highlights of the period infographic	PDF (794 MB)
24/04/2024 2024 Q1 ESG+F infographic	PDF (697 KB)

Alternative Performance Measures

27/02/2025 Fiscal Year 2024	PDF (182 KB)
23/10/2024 Nine months	PDF (195 KB)
24/07/2024 First Half	PDF (46 KB)
24/04/2024 First Quarter	PDF (142 KB)

Fiscal Year 2023 Results

22/02/2024 2023 Results report	PDF (4 MB)
22/02/2024 2023 Results presentation	PDF (1 MB)
22/02/2024 2023 Results Spreadsheet	XLSX (66 KB)
09/02/2024 2023 IBE Watch Fact Sheet	PDF (691 KB)
Press release: Iberdrola sets a new investment record (€11.38 billion), driving net profit of €4.8 billion (+10.7%)
22/02/2024 Executive Chairman's financial speech: Ignacio S. Galán analyses the results for the 2023 financial year	PDF (93 KB)
15/02/2024 Conference Call. 2023 Results presentation	PDF (153 KB)
22/02/2024 Q&A Audio File Result	MP3 (27,5 MB)
22/02/2024 2023 Highlights of the period infographic	PDF (4,2 MB)
22/02/2024 2023 ESG+F infographic	PDF (1,4 MB)
23/02/2024 Information to CNMV: Individual and Consolidated Statistic Information	PDF (160 KB)
14/03/2024 Annual Accounts, Directors' Report, Audit Report and Liability Statement 2023 (individual)	PDF (1,7 MB)
23/02/2024 Annual Accounts, Directors' Report, Audit Report and Liability Statement 2023 (consolidated)	PDF (9,2 MB)

Nine Months Results

26/10/2023 2023 9M Results Report	PDF (4.1 MB)
26/10/2023 2023 9M Results Presentation	PDF (1.1 MB)
26/10/2023 2023 9M Results Spreadsheet	XLSX (74 KB)
13/10/2023 2023 9M IBE Watch Fact Sheet	PDF (448 KB)
Press release: Iberdrola invests €11 billion and net profit reaches €3.64 billion, up 17%
26/10/2023 Executive Chairman's financial speech: Ignacio S. Galán analyses the results for the first Nine Months of 2023	PDF (42 KB)
21/10/2023 Conference Call. 2023 Nine Months Results Presentation	PDF (201 KB)
26/10/2023 Q&A Audio File Results	MP3 (44 MB)
26/10/2023 2023 9M Highlights of the period infographic	PDF (219 KB)
26/10/2023 2023 9M ESG+F infographic	PDF (222 KB)

First Half Results

27/07/2023 2023 1H Results Report	PDF (3.3 MB)
27/07/2023 2023 1H Results Presentation	PDF (1.1 MB)
27/07/2023 2023 1H Results Spreadsheet	XLSX (74 KB)
14/07/2023 2023 1H IBE Watch Fact Sheet	PDF (181 KB)
Press release: Iberdrola invests €10.54 billion in the last 12 months and increases its net profit by 21% to €2.52 billion
27/07/2023 Executive Chairman's financial speech: Ignacio S. Galán analyses the results for the First Half of 2023	PDF (93 KB)
27/07/2023 Conference Call. First Half 2023 Results Presentation	PDF (166 KB)
27/07/2023 Q&A Audio File Results	MP3 (44 MB)
27/07/2023 2023 1H Highlights of the period infographic	PDF (128 KB)
27/07/2023 2023 1H ESG+F infographic	PDF (100 KB)
28/07/2023 Information to CNMV: Individual and Consolidated Statistic Information	PDF (448 KB)
21/11/2023 Interim Financial Statements Selected Summary, Interim Management Report and Report on Limited Review Individual	PDF (650 KB)
21/11/2023 Interim Condensed Financial Statements, Interim Management Report and Report on Limited Review Consolidated	PDF (2.1 MB)

First Quarter Results

26/04/2023 2023 Q1 Results Report	PDF (3.9 MB)
26/04/2023 2023 Q1 Results Presentation	PDF (1.2 MB)
26/04/2023 2023 Q1 Results Spreadsheet	XLSX (69 KB)
14/03/2023 2023 Q1 IBE Watch Fact Sheet	PDF (1.1 MB)
Press release: 10.4 billion investments boost our net profit to €1.485 billion
19/04/2023 Conference Call. First Quarter 2023 Results Presentation	PDF (176 KB)
26/04/2023 Q&A Audio File Results	MP3 (23.8 MB)
26/04/2023 2023 Q1 Highlights of the period infographic	PDF (615 KB)
26/04/2023 2023 Q1 ESG+F infographic	PDF (101 KB)

Alternative Performance Measures

22/02/2024 Fiscal Year 2023	PDF (259 KB)
25/10/2023 Nine Months	PDF (702 KB)
26/07/2023 First Half	PDF (1.4 MB)
25/04/2023 First Quarter	PDF (720 KB)

Fiscal Year 2022 Results

22/02/2023 2022 Results Report	PDF (4.9 MB)
22/02/2023 2022 Results Presentation	PDF (627 KB)
22/02/2023 2022 Results Spreadsheet	XLSX (78 KB)
10/02/2023 2022 IBE Watch Fact Sheet	PDF (270 KB)
Press release: We announced full-year 2022 results
22/02/2023 Executive Chairman's financial speech: Ignacio S. Galán analyses the results for the 2022 financial year	PDF (93 KB)
15/02/2023 Conference Call 2022 Results Presentation	PDF (23 KB)
22/02/2023 Q&A 2022 Results	MP3 (30 MB)
22/02/2023 2022 Highlights of the period infographic	PDF (263 KB)
22/02/2023 2022 ESG+F infographic	PDF (183 KB)
24/02/2023 Information to CNMV: Individual and Consolidated Statistic Information	PDF (847 KB)
24/02/2023 Annual Accounts, Directors' Report, Audit Report and Liability Statement 2022 (individual)	PDF (3.3 MB)
24/02/2023 Annual Accounts, Directors' Report, Audit Report and Liability Statement 2022 (consolidated)	PDF (8.6 MB)

Nine months Results

26/10/2022 2022 9M Results Report	PDF (6.3 MB)
26/10/2022 2022 9M Results Presentation	PDF (953 KB)
26/10/2022 2022 9M Results Spreadsheet	XLSX (68 KB)
14/01/2022 2022 9M IBE Watch Fact Sheet	PDF (302 KB)
Press release: Iberdrola announces its financial results for Nine Months 2022
26/10/2022 Executive Chairman's financial speech: Ignacio S. Galán analyses the results for the first Nine Months of 2022	PDF (75 KB)
03/10/2022 Conference Call. Nine Months 2022 Results Presentation	PDF (121 KB)
26/10/2022 Q&A Audio File Results	MP3 (24 MB)
26/10/2022 2022 9M Highlights of the period infographic	PDF (430 KB)
26/10/2022 2022 9M ESG+F infographic	PDF (206 KB)

First Half Results

27/07/2022 2022 1H Results Report	PDF (3.3 MB)
27/07/2022 2022 1H Results Presentation	PDF (921 KB)
27/07/2022 2022 1H Results Spreadsheet	XLSX (66 KB)
15/07/2022 2022 1H IBE Watch Fact Sheet	PDF (1.1 MB)
Press release: Iberdrola's net profit reached €2.07 Bn thanks to the international business
15/07/2022 Conference Call. Half Year 2022 Results Presentation	PDF (1 MB)
27/07/2022 Q&A Audio File Results	MP3 (20.6 MB)
27/07/2022 2022 1H Highlights of the period infographic	PDF (680 MB)
27/07/2022 2022 1H ESG+F infographic	PDF (112 KB)
29/07/2022 Information to CNMV: Individual and Consolidated Statistic Information	PDF (163 KB)
29/07/2022 Interim Financial Statements Selected Summary, Interim Management Report and Report on Limited Review of Individual Auditory	PDF (1.3 MB)
29/07/2022 Interim Condensed Financial Statements, Interim Management Report and Report on Limited Review of Consolidate Auditory	PDF (2.5 MB)

First Quarter Results

27/04/2022 2022 Q1 Results Report	PDF (3.5 MB)
27/04/2022 2022 Q1 Results Presentation	PDF (1.3 MB)
27/04/2022 2022 Q1 Results Spreadsheet	XLSX (61 KB)
13/04/2022 2022 Q1 IBE Watch Fact Sheet	PDF (1.1 MB)
Press release: Iberdrola posts €1.05 billion net income in Q1, up 3%, thanks to US, Brazil and other international business areas
27/04/2022 Executive Chairman's financial speech: Ignacio S. Galán analyses the results for the first Nine Months of 2022	PDF (20 KB)
07/04/2022 Conference Call. First Quarter 2022 Results Presentation	PDF (121 KB)
27/04/2022 Q&A Audio File Results	MP3 (23.8 MB)
27/04/2022 2022 Q1 Highlights of the period infographic	PDF (217 MB)
27/04/2022 2022 Q1 ESG+F infographic	PDF (956 KB)

Alternative Performance Measures

08/03/2023 Fiscal Year 2022	PDF (533 KB)
16/02/2023 Nine Months	PDF (537 KB)
24/10/2022 First Half	PDF (541 KB)
30/06/2022 First Quarter	PDF (539 KB)

Fiscal year 2021 Results

23/02/2022 2021 Results Report	PDF (3.8 MB)
23/02/2022 2021 Results Presentation	PDF (3.1 MB)
23/02/2022 2021 Results Spreadsheet	XLSX (130 KB)
14/02/2022 2021 IBE Watch Fact Sheet	PDF (730 KB)
Press release: Record investments of €9.94 billion boost Iberdrola's net profit to €3.88 billion, up 8% on 2020
31/01/2022 Conference Call. Results Presentation Fiscal Year 2021	PDF (124 KB)
23/02/2022 Q&A Audio File Result	MP3 (26,1 MB)
23/02/2022 2021 Highlights of the period infographic	PDF (249 KB)
23/02/2022 2021 ESG+F infographic	PDF (935 KB)
25/02/2022 Information to CNMV: Individual and Consolidated Statistic Information	PDF (808 KB)
25/02/2022 Annual Accounts, Directors' Report, Audit Report and Liability Statement 2021 (individual)	PDF (4.9 MB)
25/02/2022 Annual Accounts, Directors' Report, Audit Report and Liability Statement 2021 (consolidated)	PDF (6.2 MB)

Nine months Results

27/10/2021 2021 9M Results Report	PDF (3.3 MB)
27/10/2021 2021 9M Results Presentation	PDF (1.9 MB)
27/10/2021 2021 9M Results Spreadsheet	XLSX (128 KB)
15/10/2021 I 2021 9M IBE Watch Fact Sheet	PDF (1.2 MB)
Press release: Iberdrola expands investments to €7 billion (+6%) - net profit reduces to €2.4 billion (-10.2%), negatively affected by high energy prices, new taxes, and lower extraordinary items
26/10/2021 Conference Call. Nine Months 2021 Results Presentation	PDF (162 KB)
27/10/2021 2021 9M Highlights of the period infographic	PDF (226 KB)
27/10/2021 2021 9M Outlook infographic	PDF (180 KB)
27/10/2021 2021 9M Social commitment infographic	PDF (863 KB)

First Half Results

21/07/2021 2021 H1 Results Report	PDF (2.6 MB)
21/07/2021 2021 H1 Results Presentation	PDF (2.4 MB)
21/07/2021 2021 H1 Results Spreadsheet	XLSX (130 KB)
09/07/2021 2021 H1 IBE Watch Fact Sheet	PDF (876 KB)
Press release: Iberdrola increases investments by 37% to €5 billion and posts adjusted net profit of €1.84 billion (+8.4%) in the first six months
17/07/2021 Conference Call. First Half 2021 Results Presentation	PDF (462 KB)
21/07/2021 Q&A Audio File Results	MP3 (37.1 MB)
21/07/2021 2021 H1 Highlights of the period infographic	PDF (183 MB)
21/07/2021 2021 H1 Outlook infographic	PDF (649 MB)
21/07/2021 2021 H1 ESG infographic	PDF (592 KB)
23/07/2021 Information to CNMV: Individual and Consolidated Statistic Information	PDF (933 KB)
21/07/2021 Interim Condensed Financial Statements, Interim Management Report and Report on Limited Review of Consolidate Auditory	PDF (3 MB)
21/07/2021 Interim Financial Statements Selected Summary, Interim Management Report and Report on Limited Review of Individual Auditory	PDF (1.8 MB)

First Quarter Results

12/05/2021 2021 Q1 Results Report	PDF (2.5 MB)
12/05/2021 2021 Q1 Results Presentation	PDF (1.5 MB)
12/05/2021 2021 Q1 Results Spreadsheet	XLSX (126 KB)
19/04/2021 2021 Q1 IBE Watch Fact Sheet	PDF (875 KB)
Press release: Iberdrola ramps up investment by 45% to €2.5 billion and posts €1.08 billion (+12%) adjusted net profit
19/04/2021 Conference Call. First Quarter 2021 Results Presentation	PDF (178 KB)
12/05/2021 Q&A Audio File Results	MP3 (20,8 MB)
12/05/2021 2021 Q1 Highlights of the period infographic	PDF (103 MB)
12/05/2021 2021 Q1 Outlook infographic	PDF (83 KB)

Alternative Performance Measures

24/02/2022 Fiscal Year 2021	PDF (282 KB)
28/10/2021 Nine months	PDF (534 KB)
27/07/2021 First Half	PDF (564 KB)
12/05/2021 First Quarter	PDF (1 MB)

Alternative Performance Measures definition [PDF]

Sustainable event

In line with our commitment to boosting compliance with the UN Sustainable Development Goals (SDGs), we have certified our Results Presentations as sustainable events. This recognition is proof that these events generate social and economic benefits for the community while reducing the events' environmental impact.

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Annual results

2025 Results presentation