Iberdrola records €2 billion profits in Q1 2025

Iberdrola, the Spanish energy company, announced impressive profits of over €2 billion (US$2.28 billion) in the first quarter of 2025. Their net profits for the period from January to March reached €2.004 billion, showing a 26% increase compared to the first quarter of 2024. The company’s EBITDA stood at €4.642 billion, with half of it coming from operations in the US and UK.

The company’s total shares reached around €100 billion in market capitalization, marking an “all-time high” and making Iberdrola one of two energy companies to achieve this milestone. The significant profits and growth in the first quarter were driven by a focus on Iberdrola’s regulated networks and grid business, along with selective investments in renewables. Ignacio Galán, the executive chairman of Iberdrola, highlighted the company’s sustained growth in results and dividends, attributing it to their strategic focus on regulated networks and selective investments in renewables in high-rated markets.

The company’s investments in the first quarter totaled €2.72 billion, with over half of this amount allocated to the regulated network business. The majority of these network investments were in the US and UK, including the acquisition of Electricity North West in the UK. Additionally, Iberdrola made selective investments in renewable energy, with two-thirds of the €1.064 billion investment directed towards projects in the UK and US, such as the East Anglia and Vineyard offshore wind farms.

Solar PV accounted for 21% of Iberdrola’s investments in renewables, with the rest allocated to offshore and onshore wind projects. The company’s EBITDA was driven mainly by operations in countries with high credit ratings, reflecting their focus on regulated assets and strategic investments in developed renewable energy markets. Overall, the results in the first quarter of 2025 build on the record investments and strong performance reported by the company in 2024.

Iberdrola’s success and investments in renewables are part of a broader trend in the energy industry, as companies navigate uncertainties and work towards a sustainable energy future through collaboration and innovation.