Delayed webcast of the event: Capital Markets Day 2025.
A plan that transforms Iberdrola’s profile into a more regulated company, with a strategic focus on the United Kingdom and the United States
- 65% of investments in regulated Networks.
- 85% of investments in A-rated countries with stable, predictable and attractive regulatory frameworks.
- Driving growth with more stability, predictability, profitability and security.
Gross investments of €58 bn until 2028, 65% in UK and US (vs 40% in ‘21-‘24)
- UK, first investment destination (€20 bn), followed by US (€16 bn), Iberia (€9 bn), Brazil (€7 bn) and other EU & Australia (€5 bn).
- More than 70% of investment to growth.
€37 bn investment in Networks: Regulated Asset Base up to €70 bn (+40 bn since 2020)
- €25 bn in Distribution: Distribution asset base up to €50 bn. (+25 bn compared to 2020).
- €12 bn in Transmission, 95% in UK & US: Transmission asset base up to €20 bn. (+14 bn compared to 2020).
- Predictable and attractive frameworks closed or advanced: 9.5% average ROE.
€21 bn in Generation & Customers, 75% in projects already under construction
- 38% in offshore wind, 24% in onshore wind, 10% in solar PV, 10% in storage.
EBITDA reaches €18 billion in 2028 (+€3 bn), with Networks as the driver
- Regulated Networks increase EBITDA contribution to 55% thanks to growth in UK and US.
- Adding Long-term contracted businesses, 75% of EBITDA by 2028 will not depend on energy prices..
Adjusted net profit of €7.6 bn by 2028—up €2 bn.
Close to €20 bn in dividends between 2025 and 2028
- Shareholder remuneration to grow in line with results.
- Payout between 65% and 75% and a floor of €0.64 per share.
Financial position within BBB+rating
- 52 bn euros in cash flow generated during the period, driven by new investments.
- €13 bn in asset rotation and partnerships (75% completed).
- The €5 bn expansion already implemented.
Increasing social dividend
- 15,000 new hires
- €65 bn in purchases to thousands of suppliers, supporting more than 500,000 jobs.
- Tax contribution of more than €40 bn up to 2028.
- More than €1,6 bn in R&D.
- Becoming carbon neutral by 2030.
- At the forefront of best practices in corporate governance.
Outlook for 2031: sustainable growth and acceleration of electrification
- Investments of more than €45 bn between 2029 and 2031
- Focused on A rated countries, mainly the United Kingdom and the United States.
- €30 bn investment in Networks (two-thirds in distribution and one-third in transmission) to achieve an asset base of over €90 bn by 2031.
- Earnings growth: at least mid-to-high single-digit growth from 2024, while maintaining financial strength and increasing dividends.
Ignacio Galán, Iberdrola’s Executive Chairman, said:
'This plan aims to transform Iberdrola's profile into a more regulated company, with networks as a vector for growth.
We will invest €58 bn by 2028, two-thirds of which will go to transmission and distribution networks, mainly in the United Kingdom and the United States.
We expect to achieve a net profit of €7,6 bn in 2028, with around €20 bn allocated to dividends between 2024 and 2028.
During this period, we will add more than 15.000 people to our workforce, make purchases of more than €65 bn to thousands of suppliers –supporting 500,000 jobs–, our tax contribution will exceed €40 bn, and we will invest €1,600 bn in R&D&I, while also achieving carbon neutrality by 2030.'
Source: Iberdrola
