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

Published: Apr 30, 2026 23:46

Save

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.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

11 hours ago

BC Copper Closed Slightly Lower Intraday as Persistent Rate Hike Expectations Continued to Weigh on the Market [SMM BC Copper Commentary]

11 hours ago

12 hours ago

SHFE Zinc Center Shifts Higher as Tug-of-War Between Longs and Shorts Continues [SMM Zinc Futures Brief]

[SHFE Zinc Center Rises, Tug-of-War between Longs and Shorts Continues] The most-traded SHFE zinc 2606 contract opened at 24,500 yuan/mt. After the opening, bulls reduced their open interest, and the SHFE zinc center moved lower, dipping to 24,400 yuan/mt. Subsequently, bears reduced their open interest, and SHFE zinc rose all the way up, touching a high of 24,745 yuan/mt near the close. It finally settled up at 24,730 yuan/mt, gaining 225 yuan/mt or 0.92%. Trading volume increased to 14,340 lots, while open interest decreased by 494 lots to 59,621 lots.....

12 hours ago

South Korean tanker enters Strait of Hormuz

According to Bloomberg on May 20 local time, the South Korean-flagged very large crude carrier, Universal Winner, appears to be attempting to pass through the Strait of Hormuz. If successful, it would mark the first such passage by a vessel belonging to an East Asian country.

12 hours ago