Iberdrola Shareholders Strongly Endorse Management and Growth Strategy at Landmark 125th General Meeting
Iberdrola’s shareholders have overwhelmingly endorsed the company’s leadership, strategy, and long-term growth plans during its 125th Annual General Meeting, marking a significant milestone in the utility’s history. The meeting not only celebrated more than a century of corporate development but also highlighted the company’s strong financial performance, ambitious investment roadmap, and confidence in the future of electrification.
Addressing shareholders, Executive Chairman Ignacio Galán reflected on the company’s legacy and its role in shaping the energy sector over the past century. He emphasized the importance of recognizing the contributions of generations of employees, partners, and stakeholders who helped transform Iberdrola into one of the world’s leading electricity companies.
“We want to honour and thank the legacy of those who have forged a century-old career of service to citizens to create the great company that Iberdrola is today,” Galán said. He added that the company is entering a new phase of opportunity as global electrification accelerates. “We face this new era of electricity from a position of leadership and with the most ambitious plan in our century-old history.”
Overwhelming Shareholder Support
The meeting demonstrated strong investor confidence in Iberdrola’s management team and strategic direction. With a quorum reaching 74%, shareholders approved all 21 items on the agenda with an average positive vote of 98%.
The proposals covered a broad range of topics, including approval of financial results, auditing reports, executive remuneration, governance matters, board composition, and the delegation of corporate powers.
Among the most notable decisions, shareholders ratified the appointment of Pedro Azagra as the company’s Chief Executive Officer. Investors also approved the appointment of Marina Grossi as a new independent director while supporting the re-election of María Ángeles Alcalá Díaz, Isabel García Tejerina, and Anthony L. Gardner as independent directors.
The voting results underscored the high level of trust shareholders place in Iberdrola’s leadership team as the company continues to execute one of the largest investment programs in the global utility industry.
Strong Financial Performance in 2025
Iberdrola delivered another year of robust growth in 2025, supported by record investments and continued expansion across its business segments.
The company invested €14.46 billion during the year, the highest annual investment level in its history. These investments contributed to a 12% increase in net profit, which reached €6.285 billion.
The strong earnings performance reflects the effectiveness of Iberdrola’s strategy of expanding regulated electricity networks, increasing renewable generation capacity, and strengthening energy infrastructure in key markets.
Shareholders also approved a significant shareholder remuneration package. The dividend approved at the General Meeting amounted to €0.68 per share. In addition, investors will receive an engagement dividend of €0.005 per share after participation exceeded the 70% threshold established by the company.
Combined, the payments mean that Iberdrola will distribute more than €4.5 billion to shareholders, reinforcing its commitment to creating long-term value while maintaining financial discipline and growth investments.
Market Capitalization Reaches Historic Levels
Iberdrola’s strong operational and financial performance has translated into remarkable value creation for investors.
The company’s market capitalization has surpassed €135 billion, an all-time high and approximately eleven times greater than its valuation in 2001. This achievement positions Iberdrola as the largest electricity company in Europe and among the two largest electricity utilities globally.
The growth in market value reflects investor confidence in the company’s long-term strategy, which has focused on renewable energy development, network expansion, technological innovation, and sustainable growth.
Over the past quarter century, Iberdrola has consistently expanded its asset base while adapting to changing energy market dynamics. This transformation has enabled the company to maintain leadership in an increasingly electrified global economy.
Twenty-Five Years of Sustained Expansion
Since 2001, Iberdrola has significantly increased the scale of its operations through continuous investment and strategic development.
The company’s assets have grown eightfold over the past 25 years, rising to €161 billion. This represents an increase of approximately €141 billion compared with its asset base at the beginning of the century.
The expansion has been particularly evident in the company’s electricity network infrastructure. Iberdrola’s network assets now extend across approximately 1.4 million kilometers, representing a sevenfold increase since 2001.
Generation capacity has also grown substantially. The company now operates around 60,000 megawatts of installed generation capacity, four times the level recorded 25 years ago.
Energy storage capabilities have expanded as well, reaching 112 million kilowatt-hours. This figure is approximately two and a half times greater than the company’s storage capacity at the start of the century.
These investments have strengthened Iberdrola’s ability to support growing electricity demand while facilitating the integration of renewable energy sources into power systems.
Commitment to Social and Economic Value Creation
Beyond financial performance, Iberdrola highlighted its commitment to delivering social and economic benefits across the communities and markets where it operates.
The company’s workforce has increased fivefold since 2001 and now consists of approximately 46,000 professionals worldwide. This growth reflects the expanding scale and complexity of Iberdrola’s operations as it continues to develop new infrastructure and energy solutions.
In addition, Iberdrola supports approximately 500,000 jobs through its extensive supplier network. During 2025 alone, purchases from suppliers totaled €13.2 billion, generating significant economic activity across multiple industries and regions.
Innovation remains a key pillar of the company’s strategy. Investment in research, development, and innovation has increased thirty-five times since 2001, reaching €425 million in 2025. These investments support advancements in renewable energy technologies, smart grids, energy storage systems, digitalization, and other emerging solutions critical to the energy transition.
The company also continues to make a substantial fiscal contribution. Iberdrola reported total tax contributions of €10.4 billion during 2025, including €4.7 billion in Spain. These payments help support public services and economic development in the countries where the company operates.
Ambitious Growth Outlook Driven by Electrification
Looking ahead, Iberdrola believes global electrification trends will create significant opportunities for sustained growth. Increasing demand for clean electricity, expanding digital infrastructure, industrial decarbonization, electric transportation, and energy security initiatives are expected to drive long-term investment needs.
To capitalize on these opportunities, the company has announced an ambitious investment plan totaling €43 billion for the period between 2026 and 2028.
The investment program is expected to strengthen Iberdrola’s leadership position across regulated networks, renewable generation, energy storage, and customer-focused energy solutions.
As a result of these planned investments, Iberdrola forecasts continued earnings growth. The company expects net profit to exceed €6.6 billion in 2026 and rise further to more than €7.6 billion by 2028.
With strong shareholder backing, record financial results, a growing global asset base, and a multi-billion-euro investment strategy focused on electrification, Iberdrola enters its next chapter positioned to play a central role in the transformation of the global energy system while continuing to create value for shareholders, employees, customers, and society.
Source Link: https://www.iberdrola.com/
