NATIONAL GRID PLC

Listed Company

NEWENCIK 0001004315OTCLarge AcceleratedNatural Gas TransmissionGBFY ends Mar 31

Period

FY 2025

Revenue

—

Net Income

$2.90B

Total Assets

—

Equity

—

Shares Out

5.20B

Op. Cash Flow

—

Business

NATIONAL GRID PLC is a foreign private issuer in Natural Gas Transmission, headquartered in the United Kingdom. Shares trade on NYSE under the ticker NGG.

Auto-generated from company profile

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
Profit or loss [abstract]	—	—	—
Revenue	17,687	18,378	19,850
Impairment losses on financial assets	243	200	179
Other operating costs	12,502	13,244	15,208
Other operating income	489	0	12
Operating profit	5,431	4,934	4,475
Finance income	380	450	248
Finance costs	1,705	1,807	1,712
Share of post-tax results of joint ventures and associates	76	73	37
Profit before tax	4,182	3,650	3,048
Tax	939	821	831
Profit after tax from continuing operations	3,243	2,829	2,217
Profit after tax from discontinued operations	0	76	74
Total profit for the year	3,243	2,905	2,291
Attributable to:	—	—	—
Equity shareholders of the parent	3,241	2,902	2,290
Non-controlling interests	2	3	1
Earnings per share [abstract]	—	—	—
Basic earnings per share (continuing) (in GBP pence per share)	0.66	0.6	0.56
Diluted earnings per share (continuing) (in GBP pence per share)	0.65	0.6	0.55
Basic earnings per share (continuing and discontinued) (in GBP pence per share)	0.66	0.62	0.57
Diluted earnings per share (continuing and discontinued) (in GBP pence per share)	0.65	0.61	0.57

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31
Statement of financial position	—	—
Non-current assets	—	—
Goodwill	9,417	9,532
Other intangible assets	3,879	3,564
Property, plant and equipment	81,520	74,091
Other non-current assets	1,384	959
Pensions and other post-retirement benefit assets	2,507	2,489
Financial and other investments	842	798
Investments in joint ventures and associates	624	608
Derivative financial assets	623	369
Total non-current assets	100,796	92,410
Current assets	—	—
Inventories	559	557
Trade and other receivables	3,867	4,092
Current tax assets	16	11
Financial and other investments	2,453	5,753
Derivative financial assets	215	113
Cash and cash equivalents	375	1,178
Assets held for sale	0	2,628
Total current assets	7,485	14,332
Total assets	108,281	106,742
Current liabilities	—	—
Borrowings	3,900	4,662
Derivative financial liabilities	268	381
Trade and other payables	5,049	4,472
Contract liabilities	110	96
Current tax liabilities	45	219
Provisions	425	357
Liabilities held for sale	0	434
Total current liabilities	9,797	10,621
Non-current liabilities	—	—
Borrowings	42,855	42,877
Derivative financial liabilities	750	821
Other non-current liabilities	1,114	876
Contract liabilities	2,699	2,418
Deferred tax liabilities	9,040	8,038
Pensions and other post-retirement benefit obligations	360	573
Provisions	2,336	2,692
Total non-current liabilities	59,154	58,295
Total liabilities	68,951	68,916
Net assets	39,330	37,826
Equity	—	—
Share capital	647	638
Share premium account	1,285	1,292
Retained earnings	41,909	40,106
Other equity reserves	−4,542	−4,233
Total shareholders’ equity	39,299	37,803
Non-controlling interests	31	23
Total equity	39,330	37,826

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
Statement of cash flows [abstract]	—	—	—
Cash flows from operating activities	—	—	—
Total operating profit from continuing operations	5,431	4,934	4,475
Adjustments for:	—	—	—
Gain on sale of investments	393	188	0
Other fair value movements	−31	66	−16
Depreciation, amortisation and impairment	2,247	2,479	2,061
Share-based payments	45	37	37
Changes in working capital	−720	−40	147
Changes in provisions	−127	−287	840
Changes in pensions and other post-retirement benefit obligations	−31	−90	31
Cash generated from operations – continuing operations	7,861	6,991	7,281
Tax paid	32	183	342
Net cash inflow from operating activities – continuing operations	7,829	6,808	6,939
Cash flows from investing activities	—	—	—
Purchases of intangible assets	586	526	549
Purchases of property, plant and equipment	9,989	8,780	6,904
Disposals of property, plant and equipment	68	26	52
Investments in joint ventures and associates	94	396	332
Dividends received from joint ventures, associates and other investments	105	126	176
Disposal of interests in the UK Electricity System Operator, UK Gas Transmission business, The Narragansett Electric Company and Millennium Pipeline Company LLC	2,809	1,263	681
Disposal of financial and other investments	67	85	102
Acquisition of financial investments	67	122	81
Contributions to National Grid Renewables and Emerald Energy Venture LLC	0	0	19
Net movements in short-term financial investments	3,285	−2,606	−1,141
Interest received	231	332	148
Cash inflows on derivatives	20	11	123
Cash outflows on derivatives	6	6	0
Insurance claim from loss of property, plant and equipment	0	0	143
Net cash flow used in investing activities – continuing operations	−4,157	−10,593	−7,601
Net cash inflow from investing activities – discontinued operations	0	22	102
Cash flows from financing activities	—	—	—
Proceeds of Rights Issue	0	7,001	0
Transaction fees related to Rights Issue	0	162	0
Proceeds from issue of treasury shares	40	18	20
Transactions in own shares	−1	−7	−4
Proceeds received from loans	4,172	3,237	5,563
Repayment of loans	2,961	2,861	1,701
Payments of lease liabilities	145	130	118
Net movements in short-term borrowings	−2,225	925	544
Cash inflows on derivatives	93	62	86
Cash outflows on derivatives	38	106	58
Interest paid	1,932	1,920	1,627
Dividends paid to shareholders	1,623	1,529	1,718
Net cash flow (used in)/from financing activities – continuing operations	−4,620	4,528	987
Net cash flow used in financing activities – discontinued operations	0	0	0
Net (decrease)/increase in cash and cash equivalents	−948	765	427
Reclassification to held for sale	153	−123	−30
Exchange movements	−8	−23	−1
Cash and cash equivalents at end of year	—	—	—
Cash and cash equivalents at end of year	—	—	—

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