Spanish utility Iberdrola SA (<a href="https://www.bolsasymercados.es/bme-exchange/es/Mercados-y-Cotizaciones/Acciones/Mercado-Continuo/Ficha/Iberdrola-ES0144580Y14" target="_blank">BME:IBE</a>) reported a 16.8% year-on-year increase in net profit to EUR 5.612 billion (USD 5.85bn) for 2024, driven by record investments of nearly EUR 17 billion, the company said on Thursday.