At the General Shareholders' Meeting of Iberdrola held today at Torre Iberdrola in Bilbao, President Ignacio Galán received significant backing from shareholders regarding his management and the company's pioneering electrification strategy initiated over two decades ago.

In response to recent incidents, Galán stated that Iberdrola adhered strictly to the protocols established by the Ministry and the grid operator, Redeia.

The meeting achieved a quorum exceeding 75.55%, with all proposals on the agenda receiving an average of 99.4% votes in favor.

Galán highlighted the company's commitment to value creation, asserting that 2024 marked another record year, facilitated by their strategic vision, which addresses major industry challenges while generating wealth, industrial development, and employment across their operational territories.

Iberdrola reported investments of €17 billion in electrical networks and renewable energy during 2024, further promoting economic electrification and energy autonomy, thereby enhancing global competitiveness and job creation.

The total asset valuation of Iberdrola surpassed €160 billion, and net profit increased by 17%, reaching €5.612 billion.

Consequently, the General Shareholders' Meeting has approved a 15% increase in dividends compared to 2024, raising it to €0.635 per share.

This amount comprises the €0.231 per share already distributed in January, plus an additional €0.404 per share to be disbursed in July.

In addition, a shareholder engagement dividend of €0.005 per share will be distributed following the meeting's quorum reaching 70% of the share capital.

Reflecting the group's strong financial position, Iberdrola's stock is at historic highs, positioning it as Europe's largest electricity company and among the top two globally by market capitalization, valued at €103 billion.

Since Galán's tenure began in 2001, the company's share price has increased from €3.5 to approximately €16, generating around €90 billion in value, supplemented by €7.7 per share in dividends.

Shareholders who have reinvested their dividends during this period would have seen their investments nearly multiply fourteen times.

Galán emphasized the commitment to social responsibility, noting that Iberdrola's procurement has reached €18 billion from thousands of suppliers in 2024, thus supporting around 500,000 jobs globally, with 125,000 in Spain.

The company also made 6,000 new hires in 2024, including 2,100 from the UK subsidiary ENW, exceeding a workforce total of 44,000.

Iberdrola increased its contributions to public finances by 8% in 2024, surpassing €10.3 billion, with Spain being the largest contributor at €4.3 billion, which marks a 14% rise from its tax contributions in 2023.

During the meeting, Galán outlined significant growth prospects driven by the company's focus on electrification, highlighting its leadership in an expanding sector characterized by technological advancements.

He noted Iberdrola's international diversification, particularly in the United States and the United Kingdom, alongside a commitment to network growth and robust financial health.

Additionally, shareholders overwhelmingly supported the re-election of Ángel Jesús Acebes Paniagua and Juan Manuel González Serna, as well as the ratification and re-election of Ana Colonques García-Planas as an independent director, maintaining the board's composition of 14 members—2 executive and 12 external, with 92% classified as independent.