National Grid Income Statement

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

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	17,687	18,378	19,850	21,659	18,449
Revenue Growth (YoY)	-3.76%	-7.42%	-8.35%	17.40%	35.01%
Gross Profit	17,687	18,378	19,850	21,659	18,449
Net Gains on Disposal of Operating Assets	-	-	12	989	228
Other Operating Expenses	12,745	13,444	15,387	17,769	14,306
Operating Income	5,431	4,934	4,475	4,879	4,371
Interest Income	380	450	248	138	50
Interest Expense	-1,705	-1,807	-1,712	-1,598	-1,072
Other Non-Operating Income (Expense)	76	73	37	171	92
Total Non-Operating Income (Expense)	-1,249	-1,284	-1,427	-1,289	-930
Pretax Income	4,182	3,650	3,048	3,590	3,441
Provision for Income Taxes	939	821	831	876	1,258
Net Income	3,241	2,902	2,290	7,797	2,353
Minority Interest in Earnings	2	3	1	-	1
Earnings From Discontinued Operations	-	76	74	5,083	171
Net Income to Common	3,241	2,902	2,290	7,797	2,353
Net Income Growth	11.68%	26.72%	-70.63%	231.36%	43.48%
Shares Outstanding (Basic)	989	941	798	791	720
Shares Outstanding (Diluted)	994	946	802	795	723
Shares Change (YoY)	5.12%	17.99%	0.88%	9.87%	2.15%
EPS (Basic)	3.27	3.08	2.87	9.86	3.27
EPS (Diluted)	3.26	3.07	2.85	9.81	3.25
EPS Growth	6.19%	7.53%	-70.90%	201.85%	40.39%
Shares Outstanding	994.69	1,027	793.43	735.27	729.02
Free Cash Flow	-2,160	-1,972	35	18	392
Free Cash Flow Growth	-	-	94.44%	-95.41%	-
Free Cash Flow Per Share	-2.17	-2.09	0.04	0.02	0.54
Dividends Per Share	0.485	0.467	0.585	0.554	0.510
Dividend Growth	3.79%	-20.16%	5.56%	8.77%	3.68%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	30.71%	26.85%	22.54%	22.53%	23.69%
Profit Margin	18.34%	15.39%	11.17%	12.53%	11.83%
FCF Margin	-12.21%	-10.73%	0.18%	0.08%	2.12%
EBITDA	7,678	7,109	6,536	6,863	6,201
EBITDA Margin	43.41%	38.68%	32.93%	31.69%	33.61%
EBIT	5,431	4,934	4,475	4,879	4,371
EBIT Margin	30.71%	26.85%	22.54%	22.53%	23.69%
Effective Tax Rate	22.45%	22.49%	27.26%	24.40%	36.56%

SEC Filings: 10-K · 10-Q