IBE FINANCIAL STATEMENTS

Iberdrola S.A. — balance sheet, income statement and cash flow trends

IBEIberdrola S.A.

🇪🇸 Spain · MC · Utilities · Utilities - Diversified

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue44.7 B €-19.3%

Gross Profit13.9 B €-42.5%

Operating Income9.6 B €+13.3%

EBITDA17.8 B €-12.0%

Net Income6 B €+23.4%

Peer Comparison· Utilities - Diversified

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
IBE	-19.3%	31.0%	39.7%	13.4%
ENGI	—	12.3%	19.0%	5.3%
SRE	3.1%	30.6%	48.8%	15.2%
EOAN	-8.9%	20.9%	15.9%	4.6%
RWE	-35.3%	8.6%	46.2%	15.2%
ORG	-3.8%	10.9%	8.4%	6.3%
Industry median	0.5%	28.8%	36.0%	8.2%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity49.7 B €33%
Current Liabilities29.7 B €20%
Long-term Liabilities71.1 B €47%

Key Figures

YoY change

Total Assets165 B €+1.8%

Total Liabilities100.9 B €-0.6%

Total Equity49.7 B €+5.8%

Cash & ST Investments7 B €+103.6%

Total Debt60.4 B €+0.6%

Net Debt55.6 B €-4.1%

Peer Comparison· Utilities - Diversified

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
IBE	0.82	121.6%	3.01	30.1%
ENGI	1.08	178.9%	3.20	19.5%
SRE	1.69	112.9%	5.36	28.4%
EOAN	0.95	197.8%	3.13	18.7%
RWE	1.26	69.5%	1.61	30.2%
ORG	1.18	48.5%	2.83	48.4%
Industry median	1.07	145.2%	4.65	29.0%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow3.1 B €-47.0%

Capital Expenditures1.4 B €-69.5%

Free Cash Flow1.7 B €+36.5%

Dividends Paid-31 M €—

Peer Comparison· Utilities - Diversified

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
IBE	7.0%	3.8%	3.2%	52.0%
ENGI	-3.1%	-13.2%	10.1%	-57.6%
SRE	36.0%	-43.0%	78.9%	236.3%
EOAN	9.9%	-0.5%	10.4%	216.6%
RWE	35.2%	-27.1%	62.2%	231.4%
ORG	10.8%	4.7%	6.2%	173.4%
Industry median	24.6%	-5.7%	31.7%	233.9%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 3, 26. This content is for informational purposes only and is not investment advice.