Iberdrola posts 12% increase in net profit boosted by networks business
25/02/2026 07:18
MADRID, Feb 25 (Reuters) - Europe's largest utility Iberdrola IBE.MC 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 Britain and in the United States. The results include charges of 464 million euros in the fourth quarter in its renewables pipeline. The company targets adjusted net profit of more than 6.6 billion euros this year and more than 7.6 billion euros by 2028. ($1 = 0.8472 euros) (Reporting by Pietro Lombardi; Editing by David Latona) ((Pietro.Lombardi@thomsonreuters.com;))
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