And yes, it's almost my 2nd favorite investment $IBE (+1,44 %)

Record renewable energy production and the robust performance of our network business have helped us deliver strong results in the first half of 2024. We also invested more in the first six months than ever before, which will bring us benefits in the second half of the year, in the form of new renewable energy capacity and a higher tariff base in the networks. This allows us to raise our profit forecast for the year.

https://www.iberdrola.com/press-room/news/detail/record-investments-528-Bn-and-strong-operational-performance-drive-H1-reported-net-profit-413-Bn

Shareholder remuneration.

The total shareholder remuneration for 2023 will increase by 11.4% to € 0.558 per share.

The final dividend amounts to € 0.351 per share and will be paid out on July 29.

Continued financial strength.

Total cash flow increased by 98% to € 11.36 billion. Recurring cash flow reached €5.93 billion (+8%).

Liquidity amounted to 21.7 billion euros, which is sufficient for 24 months of business operations.

The sale of assets in Mexico amounted to over 5.4 billion euros, with capital gains of 1.17 billion euros after tax reported in the income statement for the first half of the year.

The forecast for net profit in the 2024 financial year was raised to "double-digit growth".

The strong operating performance in the second quarter, building on the performance of the first quarter, as well as the capacity expansions expected in the second half of the year, allow Iberdrola to forecast double-digit net profit growth for 2024 (excluding capital gains from asset rotation).

EBITDA and net profit growth driven by strong operational performance in Networks and Renewables.

Reported net profit reaches EUR 4.13 billion (EUR 2.52 billion H1 2023), reported EBITDA reaches EUR 9.61 billion (EUR 7.56 billion H1 2023). These figures include the Mexico transaction, which was completed in Q1 2024 (EUR 1.72 billion at EBITDA level - EUR 1.17 billion in net profit).

Recurring EBITDA increased by 9% and reached EUR 7.9 billion in the first half of the year.