National Grid plc (LON:NG)

National Grid Balance Sheet

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

Assets

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Equivalents	375	1,178	559	163	204
Short-Term Investments	539	597	615	841	853
Trading Asset Securities	1,914	5,156	3,084	1,764	2,292
Accounts Receivable	2,488	2,472	2,018	2,072	1,953
Other Receivables	1,059	1,291	1,023	1,412	1,439
Inventory	559	557	828	740	393
Prepaid Expenses	336	340	385	389	429
Other Current Assets	215	2,741	1,867	1,732	10,400
Total Current Assets	7,485	14,332	10,379	9,113	17,963
Property, Plant & Equipment	81,520	74,091	68,907	64,433	57,532
Goodwill	9,417	9,532	9,729	9,847	9,532
Other Intangible Assets	3,879	3,564	3,431	3,604	3,272
Long-Term Investments	1,466	1,406	2,300	2,159	2,068
Other Long-Term Assets	4,514	3,817	3,579	3,541	4,493
Total Assets	108,281	106,742	98,325	92,697	94,860

Liabilities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Accounts Payable	3,374	2,965	2,786	3,249	3,113
Accrued Expenses	95	131	-	240	278
Short-Term Debt	-	2,226	1,444	840	1,303
Current Portion of Long-Term Debt	3,992	2,671	3,550	2,112	10,847
Current Unearned Revenue	110	96	127	252	130
Current Portion of Leases	145	120	114	96	107
Current Income Taxes Payable	45	219	220	236	32
Other Current Liabilities	2,036	2,193	3,148	2,105	8,960
Total Current Liabilities	9,797	10,621	11,389	9,130	24,770
Long-Term Debt	42,820	42,951	42,425	40,438	33,748
Long-Term Leases	748	709	665	618	451
Long-Term Unearned Revenue	2,705	2,424	2,130	1,838	1,383
Pension & Post-Retirement Benefits	360	573	593	694	810
Long-Term Deferred Tax Liabilities	9,040	8,038	7,519	7,181	6,765
Other Long-Term Liabilities	3,481	3,600	3,712	3,236	3,077
Total Liabilities	68,951	68,916	68,433	63,135	71,004

Shareholders' Equity

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Common Stock	647	638	493	488	485
Additional Paid-In Capital	1,285	1,292	1,298	1,302	1,300
Retained Earnings	41,909	40,106	32,066	31,608	26,611
Comprehensive Income & Other	-4,542	-4,233	-3,990	-3,860	-4,563
Total Common Equity	39,299	37,803	29,867	29,538	23,833
Minority Interest	31	23	25	24	23
Shareholders' Equity	39,330	37,826	29,892	29,562	23,856
Total Liabilities & Equity	108,281	106,742	98,325	92,697	94,860

Additional Metrics

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Total Debt	47,705	48,677	48,198	44,104	46,456
Net Cash (Debt)	-44,877	-41,746	-43,940	-41,336	-43,107
Net Cash Growth	-	-	-	-	-
Net Cash Per Share	-9.03	-8.83	-10.96	-11.24	-11.92
Filing Date Shares Outstanding	4,976	4,901	3,720	3,678	3,645
Total Common Shares Outstanding	4,973	4,897	3,720	3,677	3,645
Working Capital	-2,312	3,711	-1,010	-17	-6,807
Book Value Per Share	7.90	7.72	8.03	8.03	6.54
Tangible Book Value	26,003	24,707	16,707	16,087	11,029
Tangible Book Value Per Share	5.23	5.05	4.49	4.37	3.03
Land	4,420	4,244	4,210	4,066	3,659
Machinery	84,905	79,140	75,901	70,987	64,094
Construction In Progress	11,816	9,073	7,022	6,760	5,587

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Aug 10, 2026

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