Iberdrola (IBE) AGM 2026 summary

Opening remarks and agenda

• AGM commenced with confirmation of quorum and majority support for all agenda proposals, coinciding with the company's 125th anniversary.

• Celebratory activities for the anniversary included art exhibitions, concerts, and a commemorative book highlighting the company's evolution and future prospects.

Financial performance review

• Achieved record-breaking results in 2025, with net profits up 12% to EUR 6.285 billion.

• Proposed a record dividend of EUR 0.68 per share, with plans to pay over EUR 15 billion in dividends over the next three years.

• Investments of EUR 43 billion planned for the next three years, focusing on electricity networks and renewable generation.

• Expected regulated network assets to reach EUR 70 billion by 2028.

• Over EUR 30 billion to be invested in transmission and distribution networks, mainly in the U.K., U.S.A., and Brazil.

Board and executive committee updates

• Welcomed new Director Marina Grossi and new CEO Pedro Azagra, recognizing their contributions and experience.

• Acknowledged the work of the Board and reaffirmed commitment to ethical values and sustainable growth.