[SMM Flash News] Iberdrola Q1 Adjusted Profit Rises 11.4% on Network Growth and Brazilian Expansion

Published: Apr 30, 2026 23:46

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Iberdrola SA reported a €1.87 billion adjusted net profit for Q1 2026, marking an 11.4% increase year-on-year, primarily fueled by robust growth in regulated networks and an increased stake in its Brazilian subsidiary, Neoenergia. While group revenue remained stable at €12.02 billion, adjusted EBITDA grew 2.4% to €4.07 billion, benefiting from the consolidation of UK operator Electricity North West (ENW). Conversely, the electricity production and customers division saw a 3.2% dip in adjusted EBITDA to €2.02 billion, as increased output in Europe and the UK was offset by non-recurring ancillary service costs in the Iberian market and a tough year-on-year comparison in the US.

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