Why invest in Iberdrola today?
To invest in Iberdrola
is to invest well
At Iberdrola, we offer a sustainable and competitive business model that creates value for society as a whole. With this purpose and after more than a century of history, we have established ourselves as global leaders in the energy sector.
Today we are the leading utility in Europe by market capitalisation and one of the two largest in the world. As a company, we focus on driving the electrification of the economy by investing in electricity network development and strengthening renewable energy generation and storage. Thanks to our daily work, we supply energy to almost 100 million people across dozens of countries, have a diverse workforce of more than 42,200 employees and hold assets exceeding €160 billion.
Solid financial results
Highlights at the end of our 2024 financial year.
total assets
EBITDA
net profit
earnings per share
A business model that adds value
More than 20 years ago, Iberdrola was already a pioneer in committing to renewable energy as a fundamental pillar for building a clean, reliable and intelligent business model. The transition to a carbon-neutral economy before 2050 is technologically possible, economically viable and socially necessary, and our commitment is to achieve Net Zero status across all our activities before 2040.
In this process, decarbonisation is the path to creating autonomy and wealth, generating employment, improving the state of the planet and protecting people’s health. That is why we are committed to spearheading electrification through our daily operations by promoting smart grids, renewable-energy, energy storage and offering the best solutions for our customers. Our strategy is structured around three key ideas:
A unique combination of businesses and locations
We are currently global leaders in renewable energy, with offshore wind standing out in particular. In networks, we contribute 10 percentage points more than our European Union competitors. Through our subsidiaries and affiliates, we operate in dozens of countries, primarily Spain, the United Kingdom, the United States, Brazil and Mexico. We take regulatory stability into account: >90% of investment in A-rated countries. We also maintain supply balance, with approximately 80% of revenues secured in 2026 and 75% in 2028.
Financial strength and a solid dividend policy
Our business model is aligned with our strong financial position and supported by our commitment to a BBB+ / Baa1 credit rating. This will be achieved through higher operating cash flow driven by new investments, asset rotation and partnerships, the recent capital increase, active liquidity management, access to debt markets and a high diversification of funding sources.
We also maintain a stable dividend policy that proposes a secure and growing minimum dividend in line with the company’s rising earnings, with a payout ratio of between 65% and 75% of EPS.
Sustainability integrated into the business and shared value
At Iberdrola, we conduct our activities to create sustainable value for all our stakeholders and contribute to the achievement of the Sustainable Development Goals – what we call our social dividend. To fulfil this purpose, the Iberdrola Group has distilled the values of its companies into three concepts: Sustainable energy, to create value; Integrating force, to grow talent; and Driving force, to evolve without rest.
High returns for our shareholders
The strength of our business model and our excellent results have a positive impact on our shareholders’ returns. For years at Iberdrola, we have been committed to strengthening dialogue with our investors and ensuring their maximum involvement in the company’s most important decisions. The data confirm that this commitment has had positive results:
Iberdrola is Europe's largest utility company by market cap and one of the two largest in the world. The market capitalization in mid-November 2025 reaches €120 billion.
Iberdrola’s share price rose from €3.50 in 2001 to exceed €16.50 by August 2025, and paid out more than €7 per share in dividends.
Iberdrola’s shares have delivered a total return of 264% over the past 10 years, quadrupling that of Spain's benchmark stock market index, the IBEX 35.
Iberdrola, a solid choice compared to any sector
The electrification of all industries makes the electric utilities sector a highly attractive investment, especially in the case of the Iberdrola Group, which has significantly outperformed the 10-year total shareholder return of other comparable companies in the sector. This leadership is also reinforced when compared to other global sectors, where the company offers strong potential thanks to a growing demand for energy year after year.
"Our significant investments, geographic diversification, financial strength and the best team possible are the foundations for continuing our path of growth in results and dividends."
Ignacio S. Galán
Executive Chairman of Iberdrola
Market opportunity: trends and our Strategic Plan
At Iberdrola, we are working to build an efficient, healthy and accessible energy model, placing people’s wellbeing at the centre of our activity. To achieve this and anticipate the evolving context, we have reinforced our commitments with a transformative Strategic Plan 2025-2028, involving €58 billion of investment, which will be directed to driving electrification, especially of distribution and transmission energy networks. We will also continue efforts to increase energy production capacity and storage, surpassing 60 GW of installed capacity by 2028.
Driving
smart grids
We will dedicate €37 billion to their development in the United Kingdom and the United States mainly, followed by Brazil and Spain, in order of investment.
Electrification
with clean energy
Our investment in Renewables and Customers will allocate 38% to offshore wind, 24% to onshore wind, 10% to storage and another 10% to solar.
Focus on
A-rated countries
The investment plan states that 85% of investments will go to countries with an A rating and stable, predictable and attractive regulatory frameworks.
Driving
smart grids
We will dedicate €37 billion to their development in the United Kingdom and the United States mainly, followed by Brazil and Spain, in order of investment.
Electrification
with clean energy
Our investment in Renewables and Customers will allocate 38% to offshore wind, 24% to onshore wind, 10% to storage and another 10% to solar.
Focus on
A-rated countries
The investment plan states that 85% of investments will go to countries with an A rating and stable, predictable and attractive regulatory frameworks.
Strong growth expectations
The growth of Iberdrola’s adjusted net profit is exceeding forecasts and points to a very optimistic trajectory. The 2025 results are already above the estimate for 2026, along with the additional growth expected for fiscal year 2026. Looking ahead to the company’s future, our Strategic Plan for 2028 includes growth forecasts of more than €2 billion in the company’s adjusted net profit.
A roadmap in line with our sustainability targets
Sustainability is embedded in our business model – a model that creates value for everyone. Our Sustainability Targets 2025-2030 [PDF], under the motto “Powering a new future for energy, a sustainable future,” set out a series of long-term sustainability objectives and measure the impact of the initiatives already underway. These are some of our most notable targets:
Boosting electricity as a clean, autonomous, local, stable, safe and competitive source of energy
- Strengthening human and social capital
- Promoting good governance in accordance with the Group's ethical and basic principles and current regulations
- Protecting nature and fostering an efficient use of resources
- Working to ensure a sustainable value chain
Increasing our social dividend
Human & Social Capital
- 15,000 new hires until 2028
- 500,000 jobs¹ sustained in our supply chain
- € >40 Bn of tax contribution up to 2028
Corporate Governance
- 79% of independent directors
- Best practices in Corporate Governance
Nature & efficient use of resources
- Carbon Neutral by 2030
- Net positive impact in nature
Supply & Value Chain
- € >65 Bn of purchases to 20,000 suppliers → >85% sustainable
- € >400 M of investments in R&D p.a.
¹ Proprietary forecast based on PwC study “Economic, social and environmental impact of Iberdrola in the world” for 2024
Driving innovation for a more sustainable future
Technological development can provide new and better solutions to facilitate decarbonisation and, consequently, the electrification. That is why Iberdrola has become the private energy company that invests the most in R&D+i in the world, with innovation impacting all our daily business activities.
To continue leading this drive, we will allocate around €400 million per year to innovation and digitalisation, as set out in our Strategic Plan 2025-2028, and will continue supporting start-ups, universities and research centres worldwide. Our main objectives are to:
Promote distribution and transmission networks in the United Kingdom and the United States.
Automate 91% of our smart grids by 2030.
Contact
Investor Relations Office
For more information please contact investor.relations@iberdrola.es
Shareholder's Office
Shareholder's service line: 900 10 00 19.
Hours: from Monday to Friday from September to July, from 9:00 to 19:00, and from Monday to Friday in August, from 9:00 to 14:00.
Calle Tomás Redondo, 1, 28033 Madrid, Spain.
For more information please contact accionistas@iberdrola.com.
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