Iberdrola has earned $1.711 billion in the first quarter and improved its adjusted net profit forecasts for 2026
The company's gross operating result between January and March (Ebitda) reached EUR 4,067.1 million, 9.7% less than a year ago.
Iberdrola recorded net earnings of€1,711.3 millionin the first quarter of the year, a 14.6% decrease from €2,004.3 million a year ago, the company reported.
By adjusting the effects of the transaction adjustments made in Mexico in 2024 (+65.9 million euros) and the impact of the UK capital allowance (+87.8 million euros),the adjusted net profit has grown 11.4% between January and March, to 1865 million euros.
The company's gross operating result between January and March (Ebitda) reached EUR 4,067.1 million, 9.7% less than a year ago.
The adjusted ebitda increased by 2.4% and the network business was the main engine. Thus, the increase in the base of regulated assets (8%) and higher tariffs, the increase in investment in the United Kingdom and the consolidation of the ENW subsidiary, and the good results in the rest of the country have led to an 8.6% increase in the adjusted ebitda of networks, to €2,047.5 million.
On the other hand, the contribution of the Renewable Generation and Customer business fell by 3.2%, to €2022.3 million.
The revenue of the energy group in the first quarter of the year was 12,017.6 million euros, 4.5% less than in the same period in 2025.
The company led by Ignacio Sánchez Galán has improved its forecasts for 2026 and plans to increase its adjusted net profit by more than 8% , eliminating surpluses for asset rotation.
Investments of 14.5 billion
As far as investments are concerned, Iberdrola has invested EUR 2,698.5 million in the first quarter, more than 50% in the United Kingdom and the United States, and over the past year it has spent more than EUR 14.5 billion on these investments.
Investments in the network business amounted to €1,461.3 million, one third of which was devoted to transport, boosting the base of regulated assets by 8% to almost €53 billion.
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