NATIONAL GRID PLC financials
Also U.S.-listed. NATIONAL GRID PLC is also a foreign private issuer filing with the U.S. SEC. View its EDGAR financials: NGG — NATIONAL GRID PLC
NATIONAL GRID PLC
Country: GB Reporting currency: GBP Latest annual report: 2026-03-31
LEI:
8R95QZMKZLJX5Q2XR704 Financial statements
(GBP, as reported — unscaled; 127 line items across 3 annual periods)
| Line item | 2026 | 2025 | 2024 |
|---|---|---|---|
| Income statement | |||
| Revenue | £17.69B | £18.38B | £19.85B |
| Operating profit (EBIT) | £5.43B | £4.93B | £4.47B |
| Finance costs | £1.71B | £1.81B | £1.71B |
| Profit before tax | £4.18B | £3.65B | £3.05B |
| Income tax expense | £939.0M | £821.0M | £831.0M |
| Profit for the year | £3.24B | £2.90B | £2.29B |
| — attributable to owners | £3.24B | £2.90B | £2.29B |
| — attributable to NCI | £2.0M | £3.0M | £1.0M |
| Total comprehensive income | £3.03B | £2.58B | £1.99B |
| Per share | |||
| Basic EPS | £0.66 | £0.62 | £0.57 |
| Diluted EPS | £0.65 | £0.61 | £0.57 |
| Cash flow statement | |||
| Cash generated from operations | £7.86B | £6.99B | £7.28B |
| Purchase of PP&E (capex) | £9.99B | £8.78B | £6.90B |
| Purchase of intangibles | £586.0M | £526.0M | £549.0M |
| Dividends paid | £1.62B | £1.53B | £1.72B |
| Proceeds from borrowings | £4.17B | £3.24B | £5.56B |
| Repayments of borrowings | £2.96B | £2.86B | £1.70B |
| Lease liability payments | £145.0M | £130.0M | £118.0M |
| Net change in cash | -£948.0M | £765.0M | £427.0M |
| Balance sheet | |||
| Total assets | £108.28B | £106.74B | — |
| Non-current assets | £100.80B | £92.41B | — |
| Intangible assets & goodwill | £9.42B | £9.53B | — |
| Current assets | £7.49B | £14.33B | — |
| Inventories | £559.0M | £557.0M | — |
| Trade & other receivables | £3.87B | £4.09B | — |
| Cash & equivalents | £375.0M | £1.18B | — |
| Total equity | £39.33B | £37.83B | £29.89B |
| — attributable to owners | £39.30B | £37.80B | — |
| Non-controlling interests | £31.0M | £23.0M | — |
| Non-current liabilities | £59.15B | £58.30B | — |
| Long-term borrowings | £42.85B | £42.88B | — |
| Current liabilities | £9.80B | £10.62B | — |
| Short-term borrowings | £3.90B | £4.66B | — |
| Trade & other payables | £5.05B | £4.47B | — |
| Deferred tax liabilities | £9.04B | £8.04B | — |
| Derived metrics | |||
| Operating margin | 30.7% | 26.8% | 22.5% |
| Net margin | 18.3% | 15.8% | 11.5% |
| Return on equity | 8.2% | 7.7% | 7.7% |
| Other reported items | |||
| Adjustments For Depreciation and Amortisation Expense and Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss | £2.25B | £2.17B | £2.06B |
| Adjustments For Fair Value Gains Losses | -£31.0M | £66.0M | -£16.0M |
| Adjustments For Increase Decrease In Employee Benefit Liabilities | -£31.0M | -£90.0M | £31.0M |
| Adjustments For Provisions | -£127.0M | £10.0M | -£154.0M |
| Adjustments For Sharebased Payments | £45.0M | £37.0M | £37.0M |
| Basic Earnings Loss Per Share From Continuing Operations | £0.66 | £0.60 | £0.56 |
| Cash and Cash Equivalents If Different From Statement of Financial Position | £375.0M | £1.18B | £559.0M |
| Cash Flows From Used In Financing Activities Continuing Operations | -£4.62B | £4.53B | £987.0M |
| Cash Flows From Used In Financing Activities Discontinued Operations | £0 | £0 | £0 |
| Cash Flows From Used In Increase Decrease In Current Borrowings | -£2.23B | £925.0M | £544.0M |
| Cash Flows From Used In Investing Activities Continuing Operations | -£4.16B | -£10.59B | -£7.60B |
| Cash Flows From Used In Investing Activities Discontinued Operations | £0 | £22.0M | £102.0M |
| Cash Flows From Used In Operating Activities Continuing Operations | £7.83B | £6.81B | £6.94B |
| Cash Payments For Future Contracts Forward Contracts Option Contracts and Swap Contracts Classified As Investing Activities | £6.0M | £6.0M | £0 |
| Cash Receipts From Future Contracts Forward Contracts Option Contracts and Swap Contracts Classified As Investing Activities | £20.0M | £11.0M | £123.0M |
| Comprehensive Income Attributable To Noncontrolling Interests | £4.0M | £1.0M | £1.0M |
| Comprehensive Income Attributable To Owners of Parent | £3.02B | £2.57B | £1.99B |
| Comprehensive Income From Continuing Operations | £3.03B | £2.51B | £1.91B |
| Comprehensive Income From Continuing Operations Attributable To Owners of Parent | £3.02B | £2.51B | £1.91B |
| Comprehensive Income From Discontinued Operations | £0 | £66.0M | £84.0M |
| Comprehensive Income From Discontinued Operations Attributable To Owners of Parent | £0 | £66.0M | £84.0M |
| Current Contract Liabilities | £110.0M | £96.0M | — |
| Current Derivative Financial Assets | £215.0M | £113.0M | — |
| Current Derivative Financial Liabilities | £268.0M | £381.0M | — |
| Current Provisions | £425.0M | £357.0M | — |
| Current Tax Assets | £16.0M | £11.0M | — |
| Current Tax Liabilities | £45.0M | £219.0M | — |
| Decrease Increase Through Tax On Sharebased Payment Transactions | -£10.0M | £1.0M | -£2.0M |
| Diluted Earnings Loss Per Share From Continuing Operations | £0.65 | £0.60 | £0.55 |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners | £1.60B | — | — |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners Per Share | £0.32 | — | — |
| Dividends Received From Investments Accounted For Using Equity Method Classified As Investing Activities | £105.0M | £126.0M | £176.0M |
| Dividends Recognised As Distributions To Owners Per Share | £0.47 | — | — |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | -£8.0M | -£23.0M | -£1.0M |
| Finance Income | £380.0M | £450.0M | £248.0M |
| Impairment Loss Impairment Gain and Reversal of Impairment Loss Determined In Accordance With IFRS9 | £243.0M | £200.0M | £179.0M |
| Income Tax Relating To Components of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss | -£21.0M | £40.0M | £66.0M |
| Income Tax Relating To Components of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss | £44.0M | -£27.0M | -£59.0M |
| Income Taxes Paid Refund Classified As Operating Activities | £32.0M | £183.0M | £342.0M |
| Increase Decrease In Working Capital | -£759.0M | -£104.0M | £49.0M |
| Increase Decrease Through Sharebased Payment Transactions | £45.0M | £37.0M | £37.0M |
| Increase Decrease Through Transfer To Statutory Reserve | — | £0 | — |
| Increase Decrease Through Treasury Share Transactions | -£1.0M | -£7.0M | -£4.0M |
| Intangible Assets Other Than Goodwill | £3.88B | £3.56B | — |
| Interest Paid Classified As Financing Activities | £1.93B | £1.92B | £1.63B |
| Interest Received Classified As Investing Activities | £231.0M | £332.0M | £148.0M |
| Investment Accounted For Using Equity Method | £624.0M | £608.0M | — |
| Issue of Equity | — | £6.84B | — |
| Issued Capital | £647.0M | £638.0M | — |
| Liabilities | £68.95B | £68.92B | — |
| Liabilities Included In Disposal Groups Classified As Held For Sale | £0 | £434.0M | — |
| Miscellaneous Other Operating Expense | £12.50B | £13.24B | £15.21B |
| Miscellaneous Other Operating Income | £489.0M | £0 | £12.0M |
| Net Assets Liabilities | £39.33B | £37.83B | — |
| Noncurrent Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners | £0 | £2.63B | — |
| Noncurrent Contract Liabilities | £2.70B | £2.42B | — |
| Noncurrent Derivative Financial Assets | £623.0M | £369.0M | — |
| Noncurrent Derivative Financial Liabilities | £750.0M | £821.0M | — |
| Noncurrent Provisions | £2.34B | £2.69B | — |
| Noncurrent Recognised Assets Defined Benefit Plan | £2.51B | £2.49B | — |
| Noncurrent Recognised Liabilities Defined Benefit Plan | £360.0M | £573.0M | — |
| Other Cash Payments To Acquire Interests In Joint Ventures Classified As Investing Activities | £0 | £0 | £19.0M |
| Other Comprehensive Income | -£217.0M | -£330.0M | -£300.0M |
| Other Comprehensive Income Before Tax Cash Flow Hedges | -£120.0M | £218.0M | £240.0M |
| Other Comprehensive Income Before Tax Exchange Differences On Translation of Foreign Operations and Hedges of Net Investments In Foreign Operations | -£348.0M | -£352.0M | -£335.0M |
| Other Comprehensive Income Before Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income | £8.0M | £1.0M | £21.0M |
| Other Comprehensive Income Before Tax Gains Losses On Remeasurements of Defined Benefit Plans | £132.0M | -£106.0M | -£218.0M |
| Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax | -£327.0M | -£225.0M | -£114.0M |
| Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net of Tax | £110.0M | -£95.0M | -£196.0M |
| Other Current Financial Assets | £2.45B | £5.75B | — |
| Other Equity Interest | -£4.54B | -£4.23B | — |
| Other Noncurrent Assets | £1.38B | £959.0M | — |
| Other Noncurrent Financial Assets | £842.0M | £798.0M | — |
| Other Noncurrent Liabilities | £1.11B | £876.0M | — |
| Payments For Share Issue Costs | £0 | £162.0M | £0 |
| Proceeds From Issue of Ordinary Shares | £0 | £7.00B | £0 |
| Proceeds From Sale Or Issue of Treasury Shares | £40.0M | £18.0M | £20.0M |
| Proceeds From Sales of Property Plant and Equipment Classified As Investing Activities | £68.0M | £26.0M | £52.0M |
| Proceeds From Sales Or Maturity of Financial Instruments Classified As Investing Activities | £67.0M | £85.0M | £102.0M |
| Profit Loss From Continuing Operations | £3.24B | £2.83B | £2.22B |
| Profit Loss From Discontinued Operations | £0 | £76.0M | £74.0M |
| Property Plant and Equipment Including Rightofuse Assets | £81.52B | £74.09B | — |
| Purchase of Financial Instruments Classified As Investing Activities | £67.0M | £122.0M | £81.0M |
| Purchase of Interests In Investments Accounted For Using Equity Method | £94.0M | £396.0M | £332.0M |
| Reclassification Adjustments On Exchange Differences On Translation Before Tax | -£76.0M | £0 | £0 |
| Retained Earnings | £41.91B | £40.11B | — |
| Sale Or Issue of Treasury Shares | £40.0M | £18.0M | £21.0M |
| Share of Profit Loss of Associates and Joint Ventures Accounted For Using Equity Method | £76.0M | £73.0M | £37.0M |
| Share Premium | £1.28B | £1.29B | — |
Methodology
Every line item above is a fact tagged in NATIONAL GRID PLC's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (GBP), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.