Iberdrola sees net profit at 6.4 billion euros in 2025, 7.3 billion in 2028, Expansion reports

Spanish power utility Iberdrola IBE expects its net profit to surpass 6.4 billion euros ($7.52 billion) this year and rise further to reach 7.3 billion euros in 2028, newspaper Expansion reported on Monday.

Iberdrola booked a net profit of 5.61 billion euros in 2024.

The company is due to release a new three-year strategic plan on Wednesday and Expansion said it had access to some of details.

Iberdrola did not immediately respond to requests for comment.

($1 = 0.8513 euros)