Iberdrola (IBE) AGM 2025 summary

Opening remarks and agenda

• AGM convened at headquarters with over 75% share capital represented, meeting quorum requirements.

• Shareholder engagement emphasized, with over one million website visits and 12,000+ direct contacts in the year.

• Legal and statutory requirements for the meeting were fulfilled, with telematic and in-person attendance options.

Financial performance review

• Achieved record investment of nearly EUR 17 billion in new electric plants, networks, and storage.

• Surpassed EUR 100 billion in capitalization, becoming the first European electric utility to do so.

• Record profit of EUR 5.612 billion, a 70% increase over the previous year.

• Net profit exceeded EUR 2 billion in Q1, with a growth trend expected to continue.

Board and executive committee updates

• Ratification and re-election of Ana Colóques, Juan Manuel González Serna, and Ángel Acebes proposed to enrich board expertise.

• Ángel Acebes Paniagua appointed Coordinating Director.