Iberdrola, a Spain-based electric utility and renewable energy developer, has reported its FY2025 financial results. According to the report, full-year revenue was €45,017 million, compared with €44,739 million in FY2024, reflecting a modest increase in turnover. Adjusted EBITDA reached €15,684 million, compared with €15,216 million in FY2024, reflecting a 3.1% improvement in operating performance. An additional 4.7 GW of renewable capacity remained under construction, while more than 9 GW formed the development pipeline, as FY2025 adjusted net profit reached €6,231 million (+10.3%). Operational expansion continued during the year as Iberdrola installed 2.7 GW of new generation capacity in 2025 across its portfolio. An additional 4.7 GW of renewable capacity remained under construction, while more than 9 GW was maintained in the development pipeline for future installations. Management expects adjusted net profit to exceed €6.6 billion in 2026 as electrification demand and regulated network investments continue expanding globally.