National Grid plc (NGG)

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	5,753	3,699	2,605	3,145	2,342
Cash & Short-Term Investments	4,059	6,931	4,258	2,768	3,349	2,499
Cash Growth	-44.13%	62.78%	53.83%	-17.35%	34.01%	20.67%
Accounts Receivable	2,830	4,092	3,415	3,830	3,715	2,919
Inventory	641	557	828	876	511	439
Other Current Assets	1,397	2,752	1,878	1,639	10,388	4,081
Total Current Assets	8,927	14,332	10,379	9,113	17,963	9,938
Net Property, Plant & Equipment	76,345	74,091	68,907	64,433	57,532	47,043
Other Intangible Assets	3,669	3,564	3,431	3,604	3,272	1,443
Goodwill	9,343	9,532	9,729	9,847	9,532	4,588
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	4,472	4,076	5,068	4,915	3,517
Current Portion of Long-Term Debt	3,624	4,662	4,859	2,955	12,121	3,737
Unearned Revenue	86	96	127	252	130	66
Other Current Liabilities	1,211	1,391	2,327	855	7,604	2,048
Total Current Liabilities	9,185	10,621	11,389	9,130	24,770	9,368
Long-Term Debt	42,290	42,877	42,213	40,030	33,344	27,483
Other Long-Term Liabilities	15,067	15,418	14,831	13,975	12,890	10,505
Total Long-Term Liabilities	57,357	58,295	57,044	54,005	46,234	37,988
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
Accumulated Other Comprehensive Income	-4,724	-4,233	-3,990	-3,860	-4,563	-5,094
Retained Earnings	39,985	40,106	32,066	31,608	26,611	23,163
Total Common Shareholders' 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	47,539	47,072	42,985	45,465	31,220
Net Cash (Debt)	-41,855	-40,608	-42,814	-40,217	-42,116	-28,721
Net Cash Per Share	-42.45	-42.94	-53.41	-50.61	-58.24	-40.57
Book Value	37,190	37,803	29,867	29,538	23,833	19,839
Book Value Per Share	37.71	39.97	37.26	37.17	32.95	28.02
Tangible Book Value	24,178	24,707	16,707	16,087	11,029	13,808
Tangible Book Value Per Share	24.52	26.12	20.84	20.25	15.25	19.50

Updated Sep 30, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q