Iberdrola Sa S/Adr (IBDRY) Q2 2026 Earnings Call

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WEBVTT 00:00:00.111 -- 00:00:02.111 Buenos 00:00:02.613 -- 00:00:04.314 días, 00:00:04.314 -- 00:00:09.418 señoras y señores. Good morning, ladies and gentlemen. 00:00:09.418 -- 00:00:13.922 First, we would like to extend a warm welcome to all of you who have joined us today 00:00:13.922 -- 00:00:15.963 for our 2026 00:00:15.963 -- 00:00:18.505 first half results presentation. 00:00:18.505 -- 00:00:20.307 As is customary, 00:00:20.307 -- 00:00:23.429 we will follow the traditional structure of our events. 00:00:23.429 -- 00:00:26.691 We are going to begin with an overview of the results and the key developments during 00:00:26.691 -- 00:00:31.696 the period The presentation, the Q&A part, will be delivered by the 00:00:31.696 -- 00:00:36.940 top executive team joining us today. Mr. Ignacio Galan, executive chairman, Mr. 00:00:36.940 -- 00:00:41.843 Pedro Azagra, CEO, and finally, Mr. Pepe Sainz, CFO. 00:00:41.843 -- 00:00:45.806 After the presentation, we'll move on to the Q&A session. 00:00:45.806 -- 00:00:50.969 I would like to remind you that we will only be taking questions submitted through our 00:00:50.969 -- 00:00:56.367 website. Please send your question exclusively via 00:00:56.367 -- 00:00:58.367 www.iberdrola.com 00:01:27.045 -- 00:01:32.348 Thank you very much, Ignacio. Good morning, everyone, and thank you very much for joining 00:01:32.348 -- 00:01:37.630 today's conference call. In the first half of 2026, reported net profit 00:01:37.630 -- 00:01:41.372 increased by 22%, reaching 4,336 million euros, and adjusted net profit up 8% to 3,565 00:01:41.372 -- 00:01:46.313 million, reflecting strong operating performance up to June. 00:01:52.391 -- 00:01:57.514 Adjusted EBITDA rose by 7% to more than 8 billion euros, driven by net 00:01:57.514 -- 00:02:03.79...