Iberdrola reported a 12% jump in 2025 net profit to €6.29 billion, driven by strong performance from its regulated networks business in the U.K. and U.S. The Spanish utility's adjusted net profit rose over 10% to €6.23 billion, beating its own guidance and reflecting the growing contribution from grid assets.

Adjusted EBITDA reached €15.7 billion, up 3.1% annually, as the company continues its strategic pivot toward regulated power networks. Iberdrola plans to invest more than €100 billion through 2031 to expand its grid footprint, with results already tracking ahead of plan. The company guided for adjusted net profit exceeding €6.6 billion in 2026 and reiterated its longer-term target of above €7.6 billion by 2028.

Analysts reacted positively to the results, with JPMorgan noting the 2026 guidance appears conservative given Iberdrola's track record. The company proposed a 6.3% increase in its 2025 dividend to €0.68 per share. As Iberdrola continues to capitalize on the shift toward regulated assets, investors appear to view the latest earnings as a validation of the company's strategic direction.