Iberdrola Reports €5.612 Billion Profit, Boosts 2025 Outlook

Iberdrola SA reported a net profit of €5.61 billion for fiscal 2024, a 17% increase from the previous year, despite a 9.3% decline in net revenues. The company highlighted that its performance exceeded the goals of its 2026 Strategic Plan, attributing growth to increased demand across all regions it operates in. Iberdrola plans to allocate €12 billion to investments, primarily focusing on the U.S. and UK, with significant portions dedicated to network and renewable energy projects. A final dividend of €0.404 per share is proposed, contributing to a total dividend increase of 15% for shareholders. Looking ahead, Iberdrola anticipates mid- to high-single digit profit growth for 2025, reflecting a positive outlook amidst a challenging economic landscape for other Spanish firms like Telefonica. This contrasting performance underscores the diverse financial health within the Spanish corporate sector as it navigates 2025 economic conditions.