Full Year 2025 Iberdrola SA Earnings Call Transcript
Key Points
- Iberdrola SA (IBDRY) reported a 12% increase in net profit for 2025, reaching EUR6,285 million.
- Adjusted EBITDA rose to EUR15,684 million, with a significant 21% increase in networks.
- The company achieved a reduction in net debt by EUR1.5 billion, driven by an 8.2% increase in operating cash flow.
- Iberdrola SA (IBDRY) proposed a total dividend of EUR0.68 per share, reflecting a 6.8% year-on-year growth.
- The company expanded its regulated asset base by 12% to EUR51 billion, with significant investments in transmission and distribution networks.
- Renewable power and customer EBITDA fell by 10% due to lower market prices and increased operational costs in Spain.
- The company faced nonrecurring ancillary service costs in its power business, impacting financial performance.
- Iberdrola SA (IBDRY) experienced a decrease in EBITDA from its power division, attributed to lower volumes and prices.
- The company had to adjust the value of its renewable pipeline, resulting in EUR464 million in noncash charges.
- Net financial costs increased by EUR288 million, primarily due to higher debt-related expenses.
Good morning, ladies and gentlemen. First, we would like to extend a warm welcome to all of you, who have joined us today for our 2025 fiscal year results presentation. As is customary, we will follow the traditional structure of our events.
We are going to begin with an overview of the results and the key development during the period. In the presentation and the Q&A part will be delivered by the top executive team joining us today. Mr. Ignacio Galan, Executive Chairman; Mr. Pedro Azagra, CEO; and finally, Mr. Pepe Sainz, CFO. . After the presentation, we'll move on to the Q&A session.
I would like to remind you that we will only be taking questions submitted through our website. Please send your questions exclusively via www.iberdrola.com. Finally, we expect today's event to last no more than 60 minutes. Should any question remain answered, the IR team will, as always, remain fully at your disposal. We hope that this presentation will be useful and informative for all of you, and now without further ado, I would
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