Iberdrola ( (IBDRY) ) has released its Q4 earnings. Here is a breakdown of the information Iberdrola presented to its investors.
Iberdrola, S.A. is a leading global energy company primarily involved in the production, distribution, and commercialization of electricity and gas, with a focus on renewable energy sources. The company operates in the utility sector and is recognized for its commitment to sustainability and innovation.
In its latest earnings report for the fiscal year 2024, Iberdrola announced a significant increase in net profit, reaching EUR 5,612 million, a 17% rise from the previous year. The company’s EBITDA also grew by 17% to EUR 16,848 million, driven by strong operational performance and strategic divestments in thermal generation assets.
Key financial highlights include a 5% increase in organic investments, totaling EUR 11,946 million, and a robust liquidity position of EUR 20,222 million. Iberdrola’s focus remains on expanding its networks and selectively investing in renewables, with notable acquisitions and transactions in the United Kingdom and the United States. The company also achieved a 10% increase in funds from operations, maintaining solid financial ratios.
Iberdrola continues to demonstrate its commitment to sustainability, with a significant portion of its energy production being emission-free. The company has also been recognized for its excellence in people management and its contributions to research and development. Looking ahead, Iberdrola plans to increase shareholder remuneration by 15% and remains focused on creating long-term value across its operational regions.
The management of Iberdrola remains optimistic about the future, with plans to continue expanding its renewable energy capacity and enhancing its network infrastructure. The company is poised to maintain its leadership position in the global energy market while pursuing its ambition of achieving carbon neutrality by 2030.