The European financial reporting season for 2025 has brought historic records for key players. Spanish airport operator Aena and energy giant Iberdrola reported their highest-ever net profits, driven by growth in passenger traffic and investments in transmission networks. At the same time, preliminary data from the eurozone indicates weakening inflationary pressure, which, combined with falling industrial energy prices, creates optimistic forecasts for economic growth in 2026.
Record Profit for Iberdrola
The energy giant earned €6.285 billion in 2025, a historic result for the company.
Aena Raises Dividend
Thanks to a profit exceeding €2.1 billion, the airport operator will pay shareholders 11.7% more than last year.
Falling Inflation in the Eurozone
Preliminary data for January indicate a slowdown in price growth to 1.7%, below the inflation target.
Success of the Defense Sector
Italy's Leonardo beats financial forecasts thanks to an unprecedented scale of orders for defense systems.
The European economy is sending strong signals of recovery, supported by stabilizing energy costs and record results from major corporations. Spanish airport operator Aena recorded a net profit of €2.136 billion in 2025, representing a year-on-year increase of over 10%. This success allowed the company to raise its dividend by nearly 12%. Equally impressive data was presented by Iberdrola, which, thanks to the development of its network infrastructure, achieved a record profit of €6.285 billion. Meanwhile, Italian defense conglomerate Leonardo exceeded earlier forecasts, reflecting growing defense sector purchases across the continent. Following the energy crisis triggered by Russia's invasion of Ukraine in 2022, Europe drastically accelerated its transition towards renewable energy sources and increased security spending, which is now reflected in the balance sheets of strategic companies. At the macroeconomic level, inflation in the eurozone slowed to 1.7% in January, a result better than analysts' expectations. This situation is supported by a sharp drop in industrial prices, which in some regions amounted to as much as 3.3%. HICP Inflation is approaching the target set by the ECB, opening a discussion about potential interest rate cuts. Despite the general optimism, some entities, such as the UK's Heathrow Airport, recorded a decline in profits, attributed to high debt servicing costs and specific airport fee regulations. The European social model is based on stable pension systems, which, however, with falling inflation and a growing number of beneficiaries, require constant monitoring of the budgetary efficiency of member states. In the renewable energy sector, EDPR recorded a 50% jump in operating profits, which management attributes to regulatory clarity and expansion in the American market. A clear improvement in sentiment is visible on the stock markets; Madrid's IBEX 35 index surpassed the 18,300-point barrier, marking a return to levels not seen for many years. „Nuestros resultados récord son el resultado de unas inversiones récord, que superaron los 12.000 millones de euros el año pasado.” (Our record results are the result of record investments, which exceeded €12 billion last year.) — Ignacio Galán Net Profit of Selected Companies for 2025: Iberdrola: 6.29, Aena: 2.14, Leonardo: 1.05, EDPR: 0.851.7% — was the inflation rate in the eurozone in JanuaryAena Profits and Dividends: Net Profit 2024: €1.93 bn → €2.14 bn; Dividend per Share: €7.66 → €8.56
Perspektywy mediów: Liberal media emphasize the success of the energy transition and falling energy prices as proof of the effectiveness of EU climate policy. Conservative media focus on the rising costs of pension systems and burdens on national budgets despite corporate profits.
Mentioned People
- Ignacio Galán — Chairman of Iberdrola, responsible for the conglomerate's investment strategy.
- Mauricio Lucena — Chairman and CEO of Aena, under whose leadership the company achieved record profits.