National Grid

NG · LSE · GBp

1,146.50 GBp+1.10%+12.50 GBp

Close · October 2, 2026

At a glance

Revenue growth: −3.76%; FY to Mar 2026 vs FY to Mar 2025
Net income growth: +11.68%; FY to Mar 2026 vs FY to Mar 2025
Net margin: 18.3%; FY to Mar 2025: 15.8%

Financial data

Amounts in millions of GBP; per-share values in GBP; shares in millions.

Balance sheet · Quarterly
Item	Q1 2026	Q3 2025	Q1 2025	Q3 2024	Q1 2024	Q3 2023	Q1 2023	Q3 2022	Q1 2022	Q3 2021
Total assets	108,281	103,760	106,742	101,852	98,325	94,247	92,697	100,573	94,860	88,938
Current assets	7,485	8,927	14,332	14,460	10,379	7,697	9,113	14,396	17,963	16,491
Cash and equivalents	375	887	1,178	1,125	559	227	163	259	204	466
Short-term investments	539	3,172	597	6,140	615	1,680	841	2,686	853	2,288
Inventory	559	—	557	—	—	—	—	—	—	—
Net property, plant and equipment	81,520	76,345	74,091	69,195	68,907	67,396	64,433	65,445	57,532	54,699
Goodwill	9,417	9,343	9,532	9,367	9,729	9,905	9,847	10,382	9,532	9,423
Other intangible assets	3,879	—	3,564	—	—	—	—	—	—	—
Long-term investments	624	—	608	—	—	—	—	—	—	—
Current liabilities	9,797	9,185	10,621	8,986	11,389	8,279	9,130	20,200	24,770	23,928
Accounts payable	3,374	—	2,965	—	—	—	—	—	—	—
Long-term debt	42,107	—	42,168	—	—	—	—	—	—	—
Total debt	47,705	46,827	46,451	46,030	46,754	46,234	43,264	50,320	45,153	44,646
Total liabilities	68,951	66,542	68,916	65,986	68,433	64,767	63,135	74,616	71,004	68,297
Total equity (incl. minority)	39,330	37,218	37,826	35,866	29,892	29,480	29,562	25,957	23,856	20,641
Retained earnings	41,909	39,985	40,106	38,670	32,066	31,250	31,608	26,215	26,611	23,637
Minority interest	31.0	28.0	23.0	25.0	25.0	25.0	24.0	26.0	23.0	21.0