National Grid (NG.)

Sector:

Utilities

Index:

FTSE 100

1,091.00p
   
  • Change Today:
      2.50p
  • 52 Week High: 1,095.50
  • 52 Week Low: 838.40
  • Currency: UK Pounds
  • Shares Issued: 4,901.26m
  • Volume: 8,176,864
  • Market Cap: £53,473m
  • Beta: 0.01

Dividend Data

  31-Mar-2531-Mar-2431-Mar-2331-Mar-2231-Mar-21
Interim Dividend15.84p19.40p17.84p17.21p17.00p
Final Dividend30.88p39.12p37.60p33.76p32.16p
Total Dividend46.72p58.52p55.44p50.97p49.16p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Continuing Operations          
Revenue 18,378.00 19,850.00 21,659.00 18,449.00 13,665.00
Operating Profit/(Loss) 4,934.00 4,475.00 4,879.00 4,371.00 2,401.00
Net Interest (1,357.00) (1,464.00) (1,460.00) (1,022.00) (795.00)
Profit Before Tax 3,650.00 3,048.00 3,590.00 3,441.00 1,664.00
Profit After Tax 2,829.00 2,217.00 2,714.00 2,183.00 1,304.00
Discontinued Operations          
Profit After Tax 76.00 74.00 5,083.00 171.00 337.00
PROFIT FOR THE PERIOD 2,905.00 2,291.00 7,797.00 2,354.00 1,641.00
Attributable to:          
Equity Holders of Parent Company 2,902.00 2,290.00 7,797.00 2,354.00 1,640.00
Minority Interests 3.00 1.00 n/a n/a 1.00
           
Continuing EPS          
Earnings per Share - Basic 60.00p 365.71p 74.20p 60.60p 46.60p
Earnings per Share - Diluted 59.80p 364.61p 73.80p 60.30p 46.30p
Earnings per Share - Adjusted 55.60p 71.42p 63.80p 61.40p 36.70p
Continuing and Discontinued EPS          
Earnings per Share - Basic 61.60p 365.71p 213.10p 65.40p 46.60p
Earnings per Share - Diluted 61.40p 364.61p 212.10p 65.00p 46.30p
Earnings per Share - Adjusted 55.60p 71.69p 72.50p 61.40p 46.40p
           
Dividend per Share 46.72p 53.79p 55.44p 50.97p 49.16p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Assets          
Non-Current Assets          
Property, Plant & Equipment 74,091.00 68,907.00 64,433.00 57,532.00 47,043.00
Intangible Assets 13,096.00 13,160.00 13,451.00 12,804.00 6,031.00
Investment Properties n/a n/a n/a n/a n/a
Investments 608.00 1,420.00 1,300.00 1,238.00 1,622.00
Other Financial Assets 1,167.00 1,204.00 1,135.00 1,135.00 542.00
Other Non-Current Assets 3,448.00 3,255.00 3,265.00 4,188.00 2,040.00
  92,410.00 87,946.00 83,584.00 76,897.00 57,278.00
Current Assets          
Inventories 557.00 828.00 876.00 511.00 439.00
Trade & Other Receivables 4,092.00 3,415.00 3,830.00 3,715.00 2,919.00
Cash at Bank & in Hand 1,178.00 559.00 163.00 204.00 157.00
Current Asset Investments 5,753.00 3,699.00 2,758.00 3,427.00 2,342.00
Other Current Assets 2,752.00 1,878.00 1,486.00 10,106.00 4,081.00
  14,332.00 10,379.00 9,113.00 17,963.00 9,938.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 106,742.00 98,325.00 92,697.00 94,860.00 67,216.00
           
Liabilities          
Current Liabilities          
Borrowings 4,662.00 4,859.00 3,207.00 12,121.00 3,737.00
Other Current Liabilities 5,959.00 6,530.00 5,923.00 12,649.00 5,631.00
  10,621.00 11,389.00 9,130.00 24,770.00 9,368.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 42,877.00 42,213.00 41,784.00 33,344.00 27,483.00
Provisions 11,303.00 10,923.00 9,535.00 9,874.00 6,782.00
Other Non-Current Liabilities 4,115.00 3,908.00 2,686.00 3,016.00 3,723.00
  58,295.00 57,044.00 54,005.00 46,234.00 37,988.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 68,916.00 68,433.00 63,135.00 71,004.00 47,356.00
           
Net Assets 37,826.00 29,892.00 29,562.00 23,856.00 19,860.00
           
Capital & Reserves          
Share Capital 638.00 493.00 488.00 485.00 474.00
Share Premium Account 1,292.00 1,298.00 1,302.00 1,300.00 1,296.00
Other Reserves (4,233.00) (3,990.00) (3,860.00) (4,563.00) (5,094.00)
Retained Earnings 40,106.00 32,066.00 31,608.00 26,611.00 23,163.00
Shareholders Funds 37,803.00 29,867.00 29,538.00 23,833.00 19,839.00
           
Minority Interests/Other Equity 23.00 25.00 24.00 23.00 21.00
Total Equity 37,826.00 29,892.00 29,562.00 23,856.00 19,860.00
Cash Flow 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Net Cash Flow From Operating Activities 6,808.00 6,939.00 6,898.00 6,272.00 4,461.00
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 (10,571.00) (7,499.00) 240.00 (14,010.00) (5,116.00)
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 4,528.00 987.00 (7,173.00) 7,769.00 750.00
Net Increase/Decrease In Cash 765.00 427.00 (35.00) 31.00 95.00
Ratios - based on IFRS 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Continuing Operations          
PE Ratio - Adjusted 18.2 13.7 15.8 17.5 21.6
PEG - Adjusted n/a 1.1 3.9 0.3 n/a
Earnings per Share Growth - Adjusted -22% 12% 4% 67% -34%
Dividend Cover 1.19 1.33 1.15 1.20 0.75
Revenue per Share 374.96p 405.00p 591.94p 512.62p 387.88p
Pre-Tax Profit per Share 74.47p 62.19p 98.11p 95.61p 47.23p
Operating Margin 26.85% 22.54% 22.53% 23.69% 17.57%
Return on Capital Employed 5.99% 6.04% 7.15% 6.72% 4.74%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 18.2 13.7 13.9 17.5 17.1
PEG - Adjusted n/a n/a 0.8 0.5 n/a
Earnings per Share Growth - Adjusted -22% -1% 18% 32% -16%
Dividend Cover 1.19 1.33 1.31 1.20 0.94
           
Dividend Yield 4.6% 5.5% 5.5% 4.7% 6.2%
Dividend per Share Growth (13.14%) (2.98%) 8.77% 3.68% 1.21%
Operating Cash Flow per Share 138.90p 141.58p 188.52p 174.27p 126.62p
Cash Incr/Decr per Share 15.61p 8.71p (0.96p) 0.86p 2.70p
Net Asset Value per Share (exc. Intangibles) 504.56p 341.38p 440.31p 307.08p 392.54p
Net Gearing 122.64% 155.73% 151.76% 189.91% 156.58%

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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