Iberdrola profit jumps 22% in first half, driven by network investments in UK, US, and Brazil

Iberdrola reported a 22% increase in net profit to €4,336 million for the first half of 2026, boosted by a €953 million capital gain from the sale of its Mexican business. Adjusted net profit, excluding one-offs, rose 7.8% to €3,565 million. Source: Infobae

Investment surge

Total investments reached €7,000 million, up 25%, with over 70% allocated to the UK, US, and Brazil. Network investments jumped 42% to €4,400 million, representing two-thirds of total spend. Source: ABC Renewable generation investments exceeded €2,200 million, mostly in onshore and offshore wind. Source: La Vanguardia The company also announced the acquisition of Caruna, Finland's largest electricity distributor, for approximately €2,000 million. Source: El Confidencial

Outlook and dividend

Iberdrola reaffirmed its full-year outlook of adjusted net profit growth above 8%, aiming for a record >€6,700 million. The company expects to add 2,100 MW of new capacity by year-end and raised its long-term pipeline to 15,500 MW by 2030. Source: El Confidencial The board announced a dividend of €0.685 per share, up 6.2% from 2025. Source: La República Net debt increased to €53,972 million due to investments and currency effects, but liquidity stands at €21,464 million, covering 22 months of financing needs. Source: Infobae