Iberdrola, the electricity company, posted record profits of €6.285 billion in 2025, a 12% increase compared to the €5.612 billion of the previous year, driven by investments of €14.460 billion during the year, the company reported on Wednesday. Excluding the capital gain from the sale of smart meters in the UK (€379 million) and the recognition of past costs in the US (€389 million), but including negative adjustments of €465 million in the renewable generation and customer business, adjusted net profit was €6.231 billion, a 10.5% increase.

The legal battle between Iberdrola and Redeia, the parent company of Red Eléctrica (REE), the system operator, over the massive blackout of April 28th of last year, has been reignited. A Madrid court has accepted the complaint for unfair competition filed by the electricity company chaired by Ignacio Sánchez Galán, alleging that Redeia, although not explicitly naming it, held it responsible for the blackout, according to reports. El País-Cinco Días And ARA has been able to confirm this.