Iberdrola, S.A. (IBDRY) Q4 2025 Earnings Call Transcript

SA Transcripts158.61K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Iberdrola, S.A. (IBDRY) Q4 2025 Earnings Call February 25, 2026 3:30 AM EST Company Participants Ignacio Cuenca Arambarri - Director of Investor Relations and CommunicationsJose Sanchez Galán - Executive ChairmanJose Armada - Director of Finance, Control & Resources and CFOPedro Blazquez - Group CEO & Director Presentation Ignacio Cuenca ArambarriDirector of Investor Relations and Communications Good morning, ladies and gentlemen. First, we would like to extend a warm welcome to all of you who have joined us today for our 2025 fiscal year results presentation. As is customary, we will follow the traditional structure of our events. We are going to begin with an overview of the results and the key developments during the period. The presentation and the Q&A part will be delivered by the top executive team joining us today: Mr. Ignacio Galan, Executive Chairman; Mr. Pedro Azagra, CEO; and finally, Mr. Pepe Sainz, CFO. After the presentation, we'll move on to the Q&A session. I would like to remind you that we will only be taking questions submitted through our website. Please send your questions exclusively via www.iberdrola.com. Finally, we expect today's event to last no more than 60 minutes. Should any questions remain unanswered, the IR team will, as always, remain fully at your disposal. We hope that this presentation will be useful and informative for all of you. And now without further ado, I would like to hand the floor over to Mr. Ignacio Galan. Thank you once again. Please, Mr. Galan.

Jose Sanchez GalánExecutive Chairman Thank you, Ignacio. Good morning, everyone, and thank you very much for joining this conference call. In 2025, reported net profit reached EUR 6,285 million, up by 12%, even excluding EUR 464 million noncash charges to adjust the value of our renewable pipeline in different countries. Excluding those charges, net profit will reach EUR 6,749 million.