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Iberdrola edificio

Iberdrola’s net profit improves by 12% in 2025 to €6.285 billion due to tax breaks on network investments in UK and capital gains from smart meters

Renta 4 | 2025 results in line with expectations across all lines of the income statement. The figures continue to be affected in comparison with 2024 by various extraordinary effects: capital gains generated in 2024 from the sale of assets in Mexico, while this year reflects the capital gains from the sale of smart meters and tax relief on network investments in the UK, as well as the recognition of…


Telefonica Plan Estrategico

Capital losses from Latin American sales and low growth lead Telefónica to €4,318M loss in 2025

The results were as expected; consequently, two hours after the market opened, the share price was up 0.47% to €3.66 per share. These results were more or less expected; consequently, an hour and a half after market open, Telefónica’s shares were down 0.11%, trading at €3.645 per share. According to the Bankinter analysis team, the results “are slightly lower than expected. In accounting terms, they reflect the sale of the…


redeia fachada

Redeia’s transmission network still has capacity for new demand in 25% of its nodes

Link Securities | The company announced that the transmission network still has capacity for new demand in 25% of its nodes, which may be granted either through general priority criteria or through a tender process, according to Bolsamania.com. The company, in its capacity as system operator (SO), has disclosed for the first time the access capacities for demand connection at the transport network nodes, calculated according to the technical criteria…


ferrovial autopista407

Highway 407-ETR, 48% owned by Ferrovial, posts €502 million profit, up 17%

Link Securities | The 407-ETR motorway (Canada), one of the world’s largest concession assets and 48% owned by Ferrovial (FER), posted a profit of CA$810 million (around €502 million), representing year-on-year growth of 17%, according to Expansión. The increase in profit is mainly due to a 5.7% rise in traffic, which is now 3.5% higher than pre-pandemic levels, with revenue per trip up 7% due to higher tolls.


Naturgy launches strategic plan

Naturgy earnings up 6.4% to €2.023 billion in 2025

Naturgy presented its 2025 fiscal year results yesterday. In comparing these figures to the previous year, we highlight the following aspects: Net Sales: Increased by 1.0% year-on-year (year-on-year) in 2025, reaching €19,455 million. EBITDA: Decreased by 0.6% year-on-year to €5,334 million. In terms of sales, the EBITDA margin stood at 27.4% at the end of 2025, compared to 27.8% the previous year. EBIT: Net operating profit rose to €3,580 million…


santander ana botin

Banco Santander Investor Day: focus to be on improving profitability with post-AT-1 RoTE target >20%

Renta 4 | After solid results in 2025 and the achievement of its main objectives, attention now turns to the upcoming Investor Day in London on 25 February, where the bank will present its new 2026-28 Strategic Plan. We believe that the new Strategic Plan will be continuous with the previous one, focusing on improving profitability as announced in the results presentation, with a post-AT1 RoTE target for 2028 >20%…


enagas

Enagás achieves 2025 targets: €339 million profit from capital gains on Soto la Marina sale, Sercomgas, Axent revaluation and update of GSP value

Renta 4 | The company’s revenues continue to be affected by the recording of the effects of the work carried out to seal the Castor wells (impact of €6 million on EBITDA). Regulated revenues are down due to the regulatory framework, in line with our forecast. EBITDA, reflecting a result from investees of €155 million, slightly higher than our forecast, and recurring operating expenses in line with 2024, slightly improves…


sacyr edificio logo nuevo

Sacyr provisionally wins contract to build new Peel Health Campus hospital in Mandurah, Western Australia

Alphavalue / Divacons | A consortium led by Sacyr and local construction company Built has been selected as the preferred bidder for the construction of the new Peel Health Campus hospital in Mandurah, Western Australia. Although the initial budget was AUD 152 million, internal documents revealed by ABC News indicate that the cost has skyrocketed to AUD 558 million (approximately €334 million), more than triple the original estimate. The Sacyr…


Repsol's bet on alternative energies

Repsol secures first new exploration licenses in Libya in 17 years

Repsol, in a consortium with the Hungarian firm Mol and the Turkish company TPOC, has been awarded blocks in the first public bidding round for oil and gas exploration held by Libya’s National Oil Corporation (NOC) in two decades. Alongside the Spanish, Hungarian, and Turkish firms, other winners in this auction—which aims to revitalize the African nation’s oil sector—include the Eni-Qatar Energy consortium, as well as the American giant Chevron…


telefonica nuevo logo

Telefónica sells Chilean subsidiary for €1.03 billion

Four days after finalizing its definitive exit from Colombia for nearly 200 million euros, Telefónica has sold 100% of Telefónica Chile’s share capital to the investment firm NJJ—the investment vehicle of entrepreneur Xavier Niel—and the telecommunications operator Millicom. The transaction is valued at $1.215 billion (€1.03 billion), with an additional payment of $150 million (€126 million at the current exchange rate) contingent upon specific events within the Chilean telecommunications sector….