Cox reported \u20ac69 million in net profit for 2025 and is nearing the closing of its acquisition of Iberdrola M\u00e9xico, a US$2.65 billion transaction that will significantly scale its presence and anchor Mexico as a core market within its global water and energy platform. Mexico advances a state-led power framework under which private utilities operate alongside CFE, reshaping ownership and investment dynamics while preserving regulatory certainty. The transaction affects private power generators, infrastructure investors, regulators, and industrial electricity users as Mexico seeks to expand capacity under clearer planning rules.<\/p>\n
Cox reported a net profit of \u20ac69 million (US$81.332 million) in 2025 and is moving toward the closing of its acquisition of Iberdrola M\u00e9xico in March, a transaction that will reshape the company\u2019s scale and consolidate Mexico as one of its core strategic markets. The results, published by the Spain-based water and energy utility, reflect a year of strong operational performance and accelerating international expansion, underpinned by predictable cash-generating assets and a reinforced balance sheet.<\/p>\n
According to the company, Cox\u2019s revenues surged 62% year on year to \u20ac1.14 billion in 2025, while EBITDA rose 23% to a record \u20ac225 million, representing a margin of 20%. Net income increased 16% compared to 2024, reinforcing management\u2019s narrative that the firm\u2019s dual operating model is gaining traction. The company\u2019s Asset Co., focused on long-term infrastructure with stable returns, and its Service Co., which executes engineering, transmission and operational contracts, both contributed to the improved financial performance.<\/p>\n
Iberdrola M\u00e9xico Purchase Strengthens Cox<\/p>\n
Cox President and CEO, Enrique Riquelme, described Mexico as a pivotal milestone in the group\u2019s international roadmap, highlighting that the pending Iberdrola M\u00e9xico transaction would elevate the company to a new operational and financial dimension.<\/p>\n
The acquisition of Iberdrola M\u00e9xico has already received the required regulatory approvals and is backed by a US$2.65 billion financing package supported<\/a> by international financial institutions. The structure combines equity and hybrid capital, with Cox contributing between US$300 million and US$350 million from its own resources and the remainder coming from institutional investors. The transaction is expected to close in March 2026, positioning Mexico as one of Cox\u2019s largest revenue and EBITDA contributors.<\/p>\n Expansion Strategy<\/p>\n