National Grid plc (NGG) — Financial statements
Income statement, balance sheet, and cash flow for National Grid plc — annual and quarterly history with growth and margin analysis.
| Metric (GBP Millions) | 2026 | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 17,975↓2.2% | 18,378↓7.4% | 19,850↓8.4% | 21,659↑17.4% | 18,449 | |
| Cost of Revenue | 12,105↑191.7% | 4,150↓21.3% | 5,272↓38.9% | 8,623↑41.4% | 6,098 | |
| Gross Profit | 5,870↓58.7% | 14,228↓2.4% | 14,578↑11.8% | 13,036↑5.5% | 12,351 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00↓100.0% | 42↑32.4% | 32↑43.1% | 22↑95.5% | 11 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Expenses | 0.00↓100.0% | 9,294↓8.0% | 10,103↑23.9% | 8,157↑2.2% | 7,980 | |
| Operating Expenses | 0.00↓100.0% | 9,294↓8.0% | 10,103↑23.9% | 8,157↑2.2% | 7,980 | |
| Total Costs & Expenses | 12,105↓10.0% | 13,444↓12.6% | 15,375↓8.4% | 16,780↑19.2% | 14,078 | |
| Operating Results | ||||||
| Operating Income | 5,870↑19.0% | 4,934↑10.3% | 4,475↓8.3% | 4,879↑11.6% | 4,371 | |
| Depreciation & Amortization | 2,284↑5.0% | 2,175↑5.5% | 2,061↑3.9% | 1,984↑8.4% | 1,830 | |
| EBITDA | 8,153↑6.8% | 7,635↑11.8% | 6,832↓5.8% | 7,254↑12.9% | 6,428 | |
| EBIT | 5,870↑7.5% | 5,460↑14.4% | 4,771↓9.5% | 5,270↑14.6% | 4,598 | |
| Interest & Other Income | ||||||
| Net Interest Income | -1,051↓1.1% | -1,039↑13.8% | -1,205↑7.7% | -1,306↓30.3% | -1,002 | |
| Interest Income | 267↓20.5% | 336↑139.9% | 140↑80.0% | 78↑20.7% | 65 | |
| Interest Expense | 1,318↓4.2% | 1,375↑2.2% | 1,345↓2.8% | 1,384↑29.7% | 1,067 | |
| Non-Operating Income | 0.00↑100.0% | -526↓77.7% | -296↑24.3% | -391↓72.2% | -227 | |
| Other Income / Expenses | -1,620↓26.2% | -1,284↑10.0% | -1,427↓10.7% | -1,289↓38.6% | -930 | |
| Income Before Tax | 4,250↑16.4% | 3,650↑19.8% | 3,048↓15.1% | 3,590↑4.3% | 3,441 | |
| Income Tax Expense | 954↑16.2% | 821↓1.2% | 831↓5.1% | 876↓30.4% | 1,258 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 3,296↑16.5% | 2,829↑27.6% | 2,217↓18.3% | 2,714↑24.3% | 2,183 | |
| Net Income from Discontinued Operations | 0.00↓100.0% | 76↑2.7% | 74↓98.5% | 5,083↑2872.5% | 171 | |
| Net Income | 3,294↑13.5% | 2,902↑26.7% | 2,290↓70.6% | 7,797↑231.4% | 2,353 | |
| Bottom-Line Net Income | 3,294↑13.5% | 2,902↑26.7% | 2,290↓70.6% | 7,797↑231.4% | 2,353 | |
| EPS (Basic) | 3.35↑10.2% | 3.04↑6.7% | 2.85↓70.2% | 9.55↑205.1% | 3.13 | |
| EPS (Diluted) | 3.30↑8.9% | 3.03↑6.7% | 2.84↓70.1% | 9.50↑205.5% | 3.11 | |
| Weighted Average Shares | 989↑5.1% | 941↑17.2% | 803↑0.9% | 796↑1.7% | 783 | |
| Weighted Average Diluted Shares | 994↑5.1% | 946↑17.2% | 807↑0.9% | 800↑1.7% | 787 | |
* All figures in Millions of GBP, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.