MADRID, Feb 25 (Reuters) - Europe's largest utility Iberdrola said on Wednesday that its net profit rose 12% last year to 6.29 billion euros ($7.42 billion), supported by its power network business in
Iberdrola Projects Earnings Growth with Network Business Surge
MADRID, Feb 25 (Reuters) - Europe's largest utility Iberdrola said on Wednesday that it expects higher earnings this year after its power network business in Britain and in the United States fueled a 12% increase in 2025 net profit to 6.29 billion euros ($7.42 billion).
The Spanish firm is reaping the benefits of its strategic shift towards the more regulated business of power grids and has a plan to invest more than 100 billion euros through 2031 to build on it.
Strategic Investments and Profit Goals
The company targets an adjusted net profit - which excludes one-offs - of more than 6.6 billion euros this year and more than 7.6 billion euros by 2028.
It posted an adjusted net profit of 6.23 billion euros in 2025, an increase of more than 10% from the previous year, in line with Iberdrola's previous guidance.
The results for last year include charges of 464 million euros in the fourth quarter in its renewables pipeline.
Record Year and Future Investments
Executive Chairman Ignacio Galan said that 2025 had been a record year for Iberdrola, "with more investment than ever in transmission and distribution networks in the United States and the United Kingdom, which will be our main drivers of growth in the coming years."
($1 = 0.8472 euros)
(Reporting by Pietro Lombardi; Editing by David Latona)
