Iberdrola earns €3.562 billion in the first quarter and announces a €5 billion capital increase for investments.

Iberdrola recorded a net profit of €3,562.2 million through June, 13.8% less than the same period last year, when it recorded capital gains from the divestment of assets in Mexico . In addition, the company announced a €5 billion capital increase to finance its investment and accelerate its growth strategy in networks in the United States and the United Kingdom .

According to the results reported to the National Securities Market Commission (CNMV) , net profit would grow by 20% if capital gains from the divestment of thermal generation assets in Mexico are excluded in 2024.

Operating profit, or EBITDA, for the first half of 2025 stood at €8,286.9 million, a 13.8% decrease compared to the same period a year earlier.

The company expects the announced capital increase to have a positive impact on the group's earnings per share, as it will allow for a greater volume of network investments.

In recent weeks, tariff frameworks have been published in New York and Maine , along with the RIIO-T3 regulation for electricity transmission and the evolution of the ED2 and ED3 frameworks in the United Kingdom.

Iberdrola notes that recent progress in defining regulated asset frameworks for the coming years in both countries represents an unprecedented investment opportunity in the network business, estimated at €55 billion globally between 2026 and 2031, representing an expected increase of 75% compared to the previous six-year period.

With these figures, they expect an estimated average return on equity of around 9.5% in net terms.