National Grid revenue and financials
Secondary listing. The primary listing is National Grid · LSE (GBp)
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In the fiscal year ended March 2026, National Grid reported revenue of £17.69B (−3.76% year over year). Net income was £3.24B, a net margin of 18.3%.
Fiscal year ending in March. Sources and method on the page Methodology and sources.
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.
| Item | Q1 2026 | Q1 2025 |
|---|---|---|
| Total assets | 108,281 | 106,742 |
| Current assets | 7,485 | 14,332 |
| Cash and equivalents | 375 | 1,178 |
| Short-term investments | 2,453 | 5,753 |
| Inventory | 559 | 557 |
| Net property, plant and equipment | 81,520 | 74,091 |
| Goodwill | 9,417 | 9,532 |
| Other intangible assets | 3,879 | 3,564 |
| Long-term investments | 624 | 608 |
| Current liabilities | 9,797 | 10,621 |
| Accounts payable | 3,374 | 2,965 |
| Long-term debt | 42,107 | 42,168 |
| Total debt | 46,755 | 47,539 |
| Total liabilities | 68,951 | 68,916 |
| Total equity (incl. minority) | 39,330 | 37,826 |
| Retained earnings | 41,909 | 40,106 |
| Minority interest | 31.0 | 23.0 |