APMs (Unaudited) * | |||||||
Stock Market Data * | |||||||
09/30/2025 | 12/31/2025 | 03/31/2026 | 06/30/2026 | ||||
Number of outstanding shares | nº | 6.681.227.377 | 6.681.227.377 | 6.757.845.603 | 6.757.845.603 | ||
Price at the end of the period | €/share | 16,105 | 18,465 | 19,745 | 21,840 | ||
Market capitalisation | € M | 107.601 | 123.369 | 133.434 | 147.591 | ||
Equity of shareholders of the parent | € M | 49.599 | 50.068 | 49.684 | 50.850 | ||
of the parent)
Price / Book value (Market capitalisation end of period / Equity of shareholders
Times 2,17 2,46 2,69 2,90
JUL-SEP 2025 (1) OCT-DEC 2025 (1) JAN-MAR 2026 MAR-JUN(+) Net profit attributable to the parent | (or Net Profit or Reported Net Profit) | € M | 1.744,7 | 978,0 | 1.711,3 | 2.625,0 | ||
(-) Hybrid bonds costs | € M | 56,2 | 62,0 | 65,7 | 65,4 | |||
Net Profit amended by hybrid bonds costs | € M | 1.689 | 916 | 1.646 | 2.560 | |||
Earnings per share (2) | (Net Profit / Outstanding shares) | € | 0,253 | 0,137 | 0,244 | 0,379 | ||
Acumulated earnings per share | Earnings per share last 4 quarters | € | 0,801 | 0,925 | 0,867 | 1,012 | ||
P.E.R. (Price at the end of the period / Acumulated earnings per Times | 20,10 | 19,96 | 22,78 | 21,58 | ||||
Dividend Dividends paid last 12 months + AGM attendance bonus / €/share | 0,645 | 0,645 | 0,667 | 0,667 | ||||
Dividend yield | (Dividends paid last 12 months + AGM attendance bonus / Involvement dividend ) / Price at the end of the period | % | 4,00 | 3,49 | 3,38 | 3,05 | ||
Adjusted Funds from Operations | € M | 2.855 | 2.978 | 3.279 | 2.970 | |||
Adjusted FFO per share | €/share | 0,427 | 0,446 | 0,485 | 0,439 | |||
share)
Involvement dividend
For the purpose of calculating the ratios, the comparative information for the 2025 financial year has been recalculated, without considering Mexico´s contribution.
Earnings per share in euros (basic and diluted) measured in accordance with IFRS can be obtained form the Annual Report
Economic/Financial Data * Income Statement JUL-SEP 2025 (1) OCT-DEC 2025 (1) JAN-MAR 2026 MAR-JUN 2026Reported Revenues
€ M
10.300,1
11.674,8
12.017,6
10.451,5
Reported Gross Margin
€ M
5.471,0
6.223,5
6.429,3
5.827,4
Reported Gross Operating Profit (EBITDA)
€ M
3.948,8
3.980,6
4.067,1
3.982,9
Reported Operating Profit (EBIT)
€ M
2.522,2
1.972,3
2.591,4
2.634,2
Net profit attributable to the parent
(or Net Profit or Reported Net Profit)
€ M
1.744,7
978,0
1.711,3
2.625,0
Reported Net Operating expenses
€ M
(1.030,1)
(1.552,4)
(1.348,4)
(1.364,3)
Reported Net Operating expenses / Reported Gross Margin
%
18,83
24,94
20,97
23,41
Balance
09/30/2025 (3)
12/31/2025 (3)
03/31/2026
06/30/2026
Total Assets
€ M
160.427
160.762
165.027
165.102
Equity
€ M
61.940
63.419
62.968
62.446
Net Financial Debt
€ M
50.515
51.610
54.763
57.269
Net Financial Leverage
%
44,9
44,9
46,5
47,8
Net Financial Debt / Equity
%
81,6
81,4
87,0
91,7
Net Profit amended by hybrid bonds costs last 4 quarters
€ M
5.220
6.053
5.752
8.312
Equity of shareholders of the parent
€ M
49.599
50.068
49.684
50.850
Average equity of shareholders of the parent
(beginning year+ end period)/2
€ M
48.362
48.597
49.876
50.459
ROE (Net Profit last 4 quarters/Equity of shareholders of the %
10,79
12,46
11,53
16,47
parent)
For the purpose of calculating the ratios, the comparative information for the 2025 financial year has been recalculated, without considering the assets and liabilities of Mexico. (*) The definitions of the APMs can be found on the corporate website (www.iberdrola.com) in the "Shareholders and Investors" section.
APMs (Unaudited) * | |||||||
Leverage | |||||||
09/30/2025 (2) | 12/31/2025 (2) | 03/31/2026 | 06/30/2026 | ||||
Bank borrowings and other financial liabilities- loans and others (non current) | € M | 43.325 | 42.160 | 44.427 | 46.454 | ||
Leases (non current) | € M | 2.433 | 2.415 | 2.473 | 2.657 | ||
Bank borrowings and other financial liabilities- loans and others (current) | € M | 11.303 | 11.931 | 12.670 | 13.169 | ||
Leases (current) | € M | 182 | 178 | 177 | 186 | ||
Short-term deposits and guarantees | € M | 53 | 69 | 82 | 79 | ||
Financial debt - Derivative financial instruments (non current) (1) | € M | 433 | 512 | 665 | 805 | ||
Financial debt - Derivative financial instruments (current) (1) | € M | 169 | 145 | 376 | 393 | ||
Gross financial debt (A) | € M | 57.898 | 57.410 | 60.869 | 63.743 | ||
Non-current financial assets - Derivative financial instruments (1) | € M | 650 | 745 | 771 | 792 | ||
Current financial assets - Derivative financial instruments (1) | € M | 174 | 70 | 112 | 50 | ||
Long term financial deposits | € M | 95 | 84 | 97 | 219 | ||
Short-term deposits and guarantees | € M | 110 | 92 | 154 | 154 | ||
Short-term financial investments | € M | 44 | 1.140 | 100 | 1.594 | ||
Cash and cash equivalents (2) | € M | 6.310 | 3.670 | 4.872 | 3.665 | ||
Treasury assets (B) | € M | 7.383 | 5.801 | 6.106 | 6.474 | ||
Net Financial Debt (C=A-B) | € M | 50.515 | 51.610 | 54.763 | 57.269 | ||
Of the parent company | € M | 49.599 | 50.068 | 49.684 | 50.850 | ||
Of subordinated perpetual obligations | € M | 8.250 | 9.250 | 9.850 | 8.250 | ||
Of non-controlling interests | € M | 4.091 | 4.101 | 3.434 | 3.346 | ||
Equity (D) | € M | 61.940 | 63.419 | 62.968 | 62.446 | ||
Gross Leverage (A/(A+D) | % | 48,3 | 47,5 | 49,2 | 50,5 | ||
Net Leverage (B/(B+D) | % | 44,9 | 44,9 | 46,5 | 47,8 | ||
(1) See Balance reconciliation | |||||||
Exercised | € M | 109 | 231 | 604 | 729 | ||
That currently are out of the money | € M | 1.450 | 944 | 2.190 | 2.676 | ||
Derivatives-Treasury shares with physical delivery | € M | 1.560 | 1.175 | 2.794 | 3.405 | ||
Net financial debt (C=A-B) | € M | 50.515 | 51.610 | 54.763 | 57.269 | ||
(-) Derivatives-Treasury shares with physical delivery that currently are out of the money | € M | (1.450) | (944) | (2.190) | (2.676) | ||
(-) Securitization | (690) | (629) | (651) | (621) | |||
Adjusted Net financial debt (E) | € M | 48.375 | 50.037 | 51.922 | 53.972 | ||
Equity (D) | € M | 61.940 | 63.419 | 62.968 | 62.446 | ||
(+) Derivatives-Treasury shares with physical delivery that currently are out of the money | € M | 1.450 | 944 | 2.190 | 2.676 | ||
Adjusted Equity (F) | € M | 63.390 | 64.363 | 65.158 | 65.122 | ||
Adjusted Net Leverage (E/(E+F)) | % | 43,3 | 43,7 | 44,3 | 45,3 |
(2) For the purpose of calculating the ratios, the comparative information for the 2025 financial year has been recalculated, without considering the assets and liabilities of Mexico.
Balance reconciliation | |||||||
Assets | 09/30/2025 (2) | 12/31/2025 (2) | 03/31/2026 | 31/03/2026 | |||
Financial derivatives (3) | € M | 650 | 745 | 771 | 792 | ||
Commodities derivatives | € M | 304 | 412 | 738 | 445 | ||
Other derivatives | € M | 220 | 231 | 256 | 270 | ||
Non current derivative financial instruments | € M | 1.174 | 1.388 | 1.765 | 1.507 | ||
Financial derivatives (3) | € M | 174 | 70 | 112 | 50 | ||
Commodities derivatives | € M | 333 | 215 | 583 | 361 | ||
Other derivatives | € M | (54) | (41) | (9) | (66) | ||
Current derivative financial instruments | € M | 453 | 244 | 686 | 345 | ||
Equity and Liabilities | 09/30/2025 (2) | 12/31/2025 (2) | 03/31/2026 | 31/03/2026 | |||
Financial derivatives (3) | € M | 433 | 512 | 665 | 805 | ||
Commodities derivatives | € M | 550 | 619 | 888 | 534 | ||
Other derivatives | € M | 460 | 493 | 519 | 685 | ||
Non current derivative financial instruments | € M | 1.443 | 1.624 | 2.072 | 2.024 | ||
Financial derivatives (3) | € M | 169 | 145 | 376 | 393 | ||
Commodities derivatives | € M | 370 | 253 | 660 | 369 | ||
Other derivatives | € M | (54) | (24) | 9 | (14) | ||
Current derivative financial instruments | € M | 485 | 374 | 1.045 | 748 | ||
(3) See Leverage
(2) For the purpose of calculating the ratios, the comparative information for the 2025 financial year has been recalculated, without considering the assets and liabilities of Mexico. (*) The definitions of the APMs can be found on the corporate website (www.iberdrola.com) in the "Shareholders and Investors" section.
APMs (Unaudited) * Financial Ratios * | |||||||
09/30/2025 (1) | 12/31/2025 (1) | 03/31/2026 | 06/30/2026 | ||||
Adjusted Net Financial Debt (1) | (1) See Adjusted Leverage | € M | 48.375 | 50.037 | 51.922 | 53.972 | |
Adjusted Net Financial Debt with subsequent event to 2021 closing (2) | (2) See Adjusted Leverage | € M | 48.375 | 50.037 | 51.922 | 53.972 | |
Reported EBITDA | € M | 11.975 | 15.956 | 4.067 | 8.050 | ||
Efficiency plans | € M | - | - | - | - | ||
Asset rotation | € M | (379) | (379) | - | - | ||
Recognition of regulatory assets under IFRS | € M | (530) | (530) | - | - | ||
Adjusted EBITDA | € M | 11.067 | 15.048 | 4.067 | 8.050 | ||
Contributions proforma 1 year | € M | 239 | 93 | - | - | ||
Adjusted EBITDA Proforma | € M | 11.307 | 15.141 | 4.067 | 8.050 | ||
Adjusted EBITDA last 4 quarters | € M | 14.586 | 15.048 | 15.177 | 15.601 | ||
Adjusted EBITDA proforma last 4 quarters | € M | 14.825 | 15.141 | 15.177 | 15.601 | ||
09/30/2025 (1) | 12/31/2025 (1) | 03/31/2026 | 06/30/2026 | ||||
Adjusted FFO / Adjusted Net Financial Debt | % | 24,6 | 24,3 | 24,0 | 22,4 | ||
Adjusted RCF / Adjusted Net Financial Debt | % | 20,7 | 20,7 | 20,7 | 19,2 | ||
Adjusted Net Financial Debt / Adjusted EBITDA | Times | 3,3 | 3,3 | 3,4 | 3,5 | ||
09/30/2025 (1) | 12/31/2025 (1) | 03/31/2026 | 06/30/2026 | ||||
Adjusted FFO Proforma / Adjusted Net Financial Debt | % | 24,9 | 24,5 | 24,0 | 22,4 | ||
Adjusted RCF Proforma / Adjusted Net Financial Debt | % | 21,0 | 20,8 | 20,7 | 19,2 | ||
Adjusted Net Financial Debt / Adjusted EBITDA Proforma | Times | 3,3 | 3,3 | 3,4 | 3,5 | ||
09/30/2025 (1) | 12/31/2025 (1) | 03/31/2026 | 06/30/2026 | ||||
Reported EBITDA | € M | 11.975 | 15.956 | 4.067 | 8.050 | ||
Group divestmets capital gain/losses | € M | (252) | (261) | (61) | (134) | ||
Allocation of capital subsidies to income (-) | € M | (90) | (133) | (33) | (60) | ||
Dividends Equity consolidated subsidiaries (+) | € M | 38 | 63 | 4 | 39 | ||
Financial result (-) | € M | (1.163) | (1.754) | (497) | (1.113) | ||
Financial provisions capitalized (+) | € M | 130 | 170 | 46 | 43 | ||
Income tax (-) | € M | (1.247) | (1.671) | (335) | (758) | ||
Accounting effect in deferred income tax (-) | € M | - | (60) | - | - | ||
Fiscal deduction of Goodwill amortization (+) | € M | - | - | - | - | ||
Cap Allowance | € M | 191 | 251 | 88 | 182 | ||
Rulings (+/-) | € M | - | - | - | - | ||
Recognition of regulatory assets under IFRS (-) | € M | (389) | (389) | - | - | ||
Adjusted Funds from Operations (Adjusted FFO) | € M | 9.194 | 12.172 | 3.279 | 6.248 | ||
Dividends | Dividends paid + Non-controlling interests dividen + Hybrid Bond payments | ds € M | (1.650) | (1.838) | (450) | (634) | |
Adjusted Retained Cash Flow (Adjusted RCF) | € M | 7.544 | 10.334 | 2.829 | 5.615 | ||
Adjusted FFO last 4 quarters | € M | 11.903 | 12.172 | 12.464 | 12.081 | ||
Adjusted RCF last 4 quarters | € M | 10.022 | 10.334 | 10.757 | 10.349 | ||
Adjusted Funds from Operations (Adjusted FFO) | M € | 9.194 | 12.172 | 3.279 | 6.248 | ||
Contributions proforma 1 year | M € | 161 | 65 | - | - | ||
Contribution Fiscal deduction of Goodwill amortization proforma 1 year | M € | (18) | - | - | - | ||
Adjusted Funds from Operations proforma (Adjusted FFO proforma) | M € | 9.337 | 12.237 | 3.279 | 6.248 | ||
Dividends | Dividends paid + Non-controlling interests dividen + Hybrid Bond payments | ds M € | (1.650) | (1.838) | (450) | (634) | |
Adjusted Retained Cash Flow proforma (Adjusted RCF proforma) | M € | 7.688 | 10.399 | 2.829 | 5.615 | ||
Adjusted FFO proforma last 4 quarters | M € | 12.047 | 12.237 | 12.464 | 12.081 | ||
Adjusted RCF proforma last 4 quarters | M € | 10.166 | 10.399 | 10.757 | 10.349 | ||
(1) For the purpose of calculating the ratios, the comparative information for the 2025 financial (*) The definitions of the APMs can be found on the corporate website (www.iberdrola.com) in | year has been recalculated, without considering Mexico´s contribution. the "Shareholders and Investors" section. | ||||||