According to the results reported to the National Securities Market Commission (CNMV), if the capital gains from the sale of thermal generation assets in Mexico were excluded in 2024, the net result would grow by 20%.
Iberdrola also announced a capital increase of 5 billion euros to finance its investment and accelerate its growth strategy in networks in the United States and the United Kingdom.
The company expects this transaction to have a positive impact on the group’s earnings per share, as it will allow for a greater volume of investments in networks.
Iberdrola also foresees that its network asset base will exceed 90 billion euros by 2031, compared to 30 billion euros in 2020.
The company’s investments in the first half of the year grew by 7%, reaching 5,661.7 million euros, with more than 60% allocated to the United States and the United Kingdom.
Over the past 12 months, the company’s investments reached 17.3 billion euros, a “record” amount, according to the statement released today.
By business area, Iberdrola concentrated more than 54% of its investments in electrical networks, reaching 3,082 million euros by the end of the first half of the year, 14% more than in the same period last year.
Investment in the renewable energy business reached 2,155.2 million euros by June 2025, 1% less than at the end of June 2024.
More than 60% of this investment corresponds to the United Kingdom and the United States, with 40% dedicated to offshore wind energy, where Baltic Eagle is operating at full capacity.
Offshore wind projects continue to advance with the construction of power plants in the United States, the United Kingdom, and Germany.
The operating result for the first half of 2025 was 8,286.9 million euros, a decrease of 13.8% compared to the same period last year.
Despite this, growth in the United States and the rest of Europe offset a 12% drop in EBITDA (earnings before interest, taxes, depreciation, and amortization) for Iberdrola Spain.
On the other hand, consolidated net debt decreased by 3 billion euros, to 52.7 billion euros, compared to the previous quarter, which closed at 55.7 billion euros in March.
The company forecasts double-digit growth in adjusted net income for 2024, thanks to its international businesses, primarily focused on networks, with selective investments in renewable energy and significant financial strength.
This growth, according to the company, is supported by an increase in regulated assets of over 10%, thanks to the “positive” regulatory frameworks in the United States, the United Kingdom, and Brazil, as well as the integration of ENW.
The group plans to bring nearly 1,400 megawatts (MW) online in the second half of the year, signed power purchase agreements (PPAs) for 4.7 TWh in the past 12 months, and has hydroelectric reserves at record levels, with 9 TWh available, optimizing storage management.
Regarding the U.S., the group assured it would not be affected by the new regulations.
Concerning shareholder remuneration, the dividend will be 0.645 euros, of which 0.409 euros will be paid on July 24.
The company will provide more information on its strategic plan on September 24 in London.
