MADRID, Sept 22 (Reuters) - Spanish power utility Iberdrola (IBE.MC) , opens new tab expects its net profit to surpass 6.4 billion euros ($7.52 billion) this year and rise further to reach 7.3 billion euros in 2028, newspaper Expansion reported on Monday.

Iberdrola booked a net profit of 5.61 billion euros in 2024.

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The company is due to release a new three-year strategic plan on Wednesday and Expansion said it had access to some of details.

Iberdrola did not immediately respond to requests for comment.

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https://www.reuters.com/sustainability/climate-energy/iberdrola-sees-net-profit-64-billion-euros-2025-73-billion-2028-expansion-2025-09-22/