National Grid plc (BVMF:N1GG34)

National Grid Balance Sheet

Financials in millions GBP. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash & Equivalents	887	1,178	559	163	204	157
Short-Term Investments	3,172	597	615	841	853	574
Trading Asset Securities	-	5,156	3,084	1,764	2,292	1,768
Accounts Receivable	2,830	2,472	2,018	2,072	1,953	1,493
Other Receivables	11	1,291	1,023	1,412	1,439	1,106
Inventory	641	557	828	740	393	347
Prepaid Expenses	-	340	385	389	429	387
Other Current Assets	1,386	2,741	1,867	1,732	10,400	4,106
Total Current Assets	8,927	14,332	10,379	9,113	17,963	9,938
Property, Plant & Equipment	76,345	74,091	68,907	64,433	57,532	47,043
Goodwill	9,343	9,532	9,729	9,847	9,532	4,588
Other Intangible Assets	3,669	3,564	3,431	3,604	3,272	1,443
Long-Term Investments	1,419	1,406	2,300	2,159	2,068	1,622
Other Long-Term Assets	4,057	3,817	3,579	3,541	4,493	2,582
Total Assets	103,760	106,742	98,325	92,697	94,860	67,216
Accounts Payable	4,264	2,965	2,786	3,249	3,113	2,165
Accrued Expenses	-	131	-	240	278	140
Short-Term Debt	-	2,226	1,444	840	1,303	628
Current Portion of Long-Term Debt	3,624	2,671	3,550	2,112	10,847	3,080
Current Unearned Revenue	86	96	127	252	130	66
Current Portion of Leases	-	120	114	96	107	99
Current Income Taxes Payable	187	219	220	236	32	75
Other Current Liabilities	1,024	2,193	3,148	2,105	8,960	3,115
Total Current Liabilities	9,185	10,621	11,389	9,130	24,770	9,368
Long-Term Debt	42,290	42,951	42,425	40,438	33,748	27,594
Long-Term Leases	-	709	665	618	451	586
Long-Term Unearned Revenue	2,516	2,424	2,130	1,838	1,383	1,172
Pension & Post-Retirement Benefits	349	573	593	694	810	1,032
Long-Term Deferred Tax Liabilities	8,114	8,038	7,519	7,181	6,765	4,815
Other Long-Term Liabilities	4,088	3,600	3,712	3,236	3,077	2,789
Total Liabilities	66,542	68,916	68,433	63,135	71,004	47,356
Common Stock	645	638	493	488	485	474
Additional Paid-In Capital	1,284	1,292	1,298	1,302	1,300	1,296
Retained Earnings	39,985	40,106	32,066	31,608	26,611	23,163
Comprehensive Income & Other	-4,724	-4,233	-3,990	-3,860	-4,563	-5,094
Total Common Equity	37,190	37,803	29,867	29,538	23,833	19,839
Minority Interest	28	23	25	24	23	21
Shareholders' Equity	37,218	37,826	29,892	29,562	23,856	19,860
Total Liabilities & Equity	103,760	106,742	98,325	92,697	94,860	67,216
Total Debt	45,914	48,677	48,198	44,104	46,456	31,987
Net Cash (Debt)	-41,855	-41,746	-43,940	-41,336	-43,107	-29,488
Net Cash Per Share	-8.49	-8.83	-11.85	-11.24	-11.92	-8.33
Filing Date Shares Outstanding	4,926	4,901	3,720	3,678	3,645	3,549
Total Common Shares Outstanding	4,926	4,897	3,720	3,677	3,645	3,549
Working Capital	-258	3,711	-1,010	-17	-6,807	570
Book Value Per Share	7.55	7.72	8.03	8.03	6.54	5.59
Tangible Book Value	24,178	24,707	16,707	16,087	11,029	13,808
Tangible Book Value Per Share	4.91	5.05	4.49	4.37	3.03	3.89
Land	-	4,244	4,210	4,066	3,659	3,752
Machinery	-	79,140	75,901	70,987	64,094	57,079
Construction In Progress	-	9,073	7,022	6,760	5,587	5,221

Source: S&P Global Market Intelligence. Utility template. Financial Sources.