National Grid (NG.)

Sector:

Utilities

Index:

FTSE 100

1,184.00p
   
  • Change Today:
    -11.50p
  • 52 Week High: 1,400.00
  • 52 Week Low: 1,010.50
  • Currency: UK Pounds
  • Shares Issued: 4,975.71m
  • Volume: 12,241,065
  • Market Cap: £58,912m
  • Beta: 0.00

Dividend Data

  31-Mar-2631-Mar-2531-Mar-2431-Mar-2331-Mar-22
Interim Dividend16.35p15.84p19.40p17.84pn/a
Final Dividend32.14p30.88p39.12p37.60pn/a
Total Dividend48.49p46.72p58.52p55.44pn/a
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Mar-26 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22
Continuing Operations          
Revenue 17,687.00 18,378.00 19,850.00 21,659.00 18,449.00
Operating Profit/(Loss) 5,431.00 4,934.00 4,475.00 4,879.00 4,371.00
Net Interest (1,325.00) (1,357.00) (1,464.00) (1,460.00) (1,022.00)
Profit Before Tax 4,182.00 3,650.00 3,048.00 3,590.00 3,441.00
Profit After Tax 3,243.00 2,905.00 2,217.00 2,714.00 2,183.00
Discontinued Operations          
Profit After Tax n/a n/a 74.00 5,083.00 171.00
PROFIT FOR THE PERIOD 3,243.00 2,905.00 2,291.00 7,797.00 2,354.00
Attributable to:          
Equity Holders of Parent Company 3,241.00 2,902.00 2,290.00 7,797.00 2,354.00
Minority Interests 2.00 3.00 1.00 n/a n/a
           
Continuing EPS          
Earnings per Share - Basic 65.50p 60.00p 397.90p 74.20p 60.60p
Earnings per Share - Diluted 65.20p 59.80p 396.70p 73.80p 60.30p
Earnings per Share - Adjusted 78.00p 73.30p 77.70p 63.80p 61.40p
Continuing and Discontinued EPS          
Earnings per Share - Basic 65.50p 61.60p 397.90p 213.10p 65.40p
Earnings per Share - Diluted 65.20p 61.40p 396.70p 212.10p 65.00p
Earnings per Share - Adjusted 78.00p 73.30p 78.00p 72.50p 61.40p
           
Dividend per Share 48.49p 46.72p 58.52p 55.44p 50.97p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-26 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22
Assets          
Non-Current Assets          
Property, Plant & Equipment 81,520.00 74,091.00 68,907.00 64,433.00 57,532.00
Intangible Assets 13,296.00 13,096.00 13,160.00 13,451.00 12,804.00
Investment Properties n/a n/a n/a n/a n/a
Investments 624.00 608.00 1,420.00 1,300.00 1,238.00
Other Financial Assets 623.00 369.00 1,204.00 1,135.00 1,135.00
Other Non-Current Assets 4,733.00 4,246.00 3,255.00 3,265.00 4,188.00
  100,796.00 92,410.00 87,946.00 83,584.00 76,897.00
Current Assets          
Inventories 559.00 557.00 828.00 876.00 511.00
Trade & Other Receivables 3,867.00 4,092.00 3,415.00 3,830.00 3,715.00
Cash at Bank & in Hand 375.00 1,178.00 559.00 163.00 204.00
Current Asset Investments n/a 5,753.00 3,699.00 2,758.00 3,427.00
Other Current Assets 2,684.00 8,505.00 1,878.00 1,486.00 10,106.00
  7,485.00 20,085.00 10,379.00 9,113.00 17,963.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 108,281.00 106,742.00 98,325.00 92,697.00 94,860.00
           
Liabilities          
Current Liabilities          
Borrowings 3,900.00 4,662.00 4,859.00 3,207.00 12,121.00
Other Current Liabilities 5,897.00 5,959.00 6,530.00 5,923.00 12,649.00
  9,797.00 10,621.00 11,389.00 9,130.00 24,770.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 42,855.00 42,877.00 42,213.00 41,784.00 33,344.00
Provisions 11,376.00 10,730.00 10,923.00 9,535.00 9,874.00
Other Non-Current Liabilities 4,923.00 4,688.00 3,908.00 2,686.00 3,016.00
  59,154.00 58,295.00 57,044.00 54,005.00 46,234.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 68,951.00 68,916.00 68,433.00 63,135.00 71,004.00
           
Net Assets 39,330.00 37,826.00 29,892.00 29,562.00 23,856.00
           
Capital & Reserves          
Share Capital 647.00 638.00 493.00 488.00 485.00
Share Premium Account 1,285.00 1,292.00 1,298.00 1,302.00 1,300.00
Other Reserves 41,909.00 40,106.00 (3,990.00) (3,860.00) (4,563.00)
Retained Earnings (4,542.00) (4,233.00) 32,066.00 31,608.00 26,611.00
Shareholders Funds 39,299.00 37,803.00 29,867.00 29,538.00 23,833.00
           
Minority Interests/Other Equity 31.00 23.00 25.00 24.00 23.00
Total Equity 39,330.00 37,826.00 29,892.00 29,562.00 23,856.00
Cash Flow 31-Mar-26 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22
Net Cash Flow From Operating Activities 7,829.00 6,808.00 6,939.00 6,898.00 6,272.00
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (4,157.00) (10,571.00) (7,499.00) 240.00 (14,010.00)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (4,620.00) 4,528.00 987.00 (7,173.00) 7,769.00
Net Increase/Decrease In Cash (948.00) 765.00 427.00 (35.00) 31.00
Ratios - based on IFRS 31-Mar-26 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22
Continuing Operations          
PE Ratio - Adjusted 16.3 13.8 12.6 15.8 17.5
PEG - Adjusted 2.7 n/a 0.6 3.9 0.3
Earnings per Share Growth - Adjusted 6% -6% 22% 4% 67%
Dividend Cover 1.61 1.57 1.33 1.15 1.20
Revenue per Share 355.47p 390.44p 497.37p 591.94p 512.62p
Pre-Tax Profit per Share 84.05p 77.54p 76.37p 98.11p 95.61p
Operating Margin 30.71% 26.85% 22.54% 22.53% 23.69%
Return on Capital Employed 6.54% 6.03% 6.04% 7.15% 6.72%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 16.3 13.8 12.6 13.9 17.5
PEG - Adjusted 2.7 n/a 1.6 0.8 0.5
Earnings per Share Growth - Adjusted 6% -6% 8% 18% 32%
Dividend Cover 1.61 1.57 1.33 1.31 1.20
           
Dividend Yield 3.8% 4.6% 6.0% 5.5% 4.7%
Dividend per Share Growth 3.79% (20.16%) 5.56% 8.77% 3.68%
Operating Cash Flow per Share 157.34p 144.64p 173.87p 188.52p 174.27p
Cash Incr/Decr per Share (19.05p) 16.25p 10.70p (0.96p) 0.86p
Net Asset Value per Share (exc. Intangibles) 523.22p 525.39p 419.24p 440.31p 307.08p
Net Gearing 118.02% 122.64% 155.73% 151.76% 189.91%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Forecast figures based on normalised accounts.

 

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