Iberdrola logs €2 B profit in Q1 2025
Iberdrola sees 26 % profit growth in Q1 2025, driven by $19.5 B (€17.3 B) investments in power networks and offshore wind across the US, UK, Brazil, and Spain.
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Spain, Bilbao: Iberdrola has announced a strong first quarter for 2025, posting a net profit of $2.3 B (€2 B), a 26 % increase compared to the same period last year. This boost comes as the Spanish energy giant ramped up investments to $19.6 B (€17.3 B) over the past 12 months.
The company also reported that its cash flow rose by 11 % to over $4 B (€3.5 B), strengthening its financial position after the acquisition of UK-based ENW. Iberdrola attributes future growth in cash generation to increasing network investments and the commissioning of offshore wind projects in the coming quarters.
In Q1 alone, investments climbed 14 % to $3.1 B (€2.72 B) n), with 65 % directed to the United States and the United Kingdom. A majority, 53 %, of total investments went into power network infrastructure, while over 7 % was allocated to renewables, with a focus on offshore wind, notably East Anglia 2 in the UK and Vineyard Wind in the US.
The company’s market capitalisation reached approximately $113.2 B (€100 B), making Iberdrola the first European utility to hit this milestone.
Executive Chairman Ignacio Galán credited the growth to the company’s emphasis on regulated networks and strategic renewable investments in highly rated markets. Iberdrola’s strategic plan outlines $24.3 B (€21.5 B) in grid investments across the US, UK, Brazil, and Spain.
Source: Smart Energy International
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