National Grid plc (NGG)
NYSE: NGG · Real-Time Price · USD
83.15
-2.77 (-3.22%)
At close: Nov 6, 2026, 4:00 PM EST
83.95
+0.80 (0.96%)
After-hours: Nov 6, 2026, 7:45 PM EST
National Grid Cash Flow Statement
Financials in millions GBP. Fiscal year is April - March.
Millions GBP. Fiscal year is Apr - Mar.
Operating Activities
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Net Income | 3,967 | 3,241 | 2,902 | 2,290 | 7,797 | 2,353 |
Depreciation & Amortization | 2,116 | 1,989 | 1,924 | 2,061 | 1,765 | 1,830 |
Other Amortization | 339 | 339 | 323 | - | 291 | - |
Loss (Gain) on Sale of Investments | -393 | -393 | -188 | - | -846 | -228 |
Asset Writedown | -161 | -112 | 298 | -16 | -51 | -65 |
Stock-Based Compensation | 53 | 45 | 37 | 37 | 48 | 38 |
Change in Other Net Operating Assets | 474 | 562 | -337 | 724 | 346 | -158 |
Other Operating Activities | 1,950 | 2,158 | 1,849 | 1,843 | -3,007 | 1,720 |
Net Cash from Discontinued Operations | - | - | - | - | 555 | 782 |
Operating Cash Flow | 8,345 | 7,829 | 6,808 | 6,939 | 6,898 | 6,272 |
Operating Cash Flow Growth | 6.69% | 15.00% | -1.89% | 0.59% | 9.98% | 40.60% |
Investing Activities
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -11,195 | -9,989 | -8,780 | -6,904 | -6,325 | -5,098 |
Sale of Property, Plant & Equipment | 89 | 68 | 26 | 52 | 87 | 26 |
Cash Acquisitions | - | - | - | -19 | -19 | -7,853 |
Divestitures | 1,403 | 2,809 | 1,263 | 681 | 7,492 | - |
Sale (Purchase) of Intangibles | -624 | -586 | -526 | -549 | -567 | -446 |
Investment in Securities | -685 | 3,191 | -3,039 | -1,452 | 164 | -615 |
Other Investing Activities | 267 | 350 | 485 | 692 | -592 | -24 |
Investing Cash Flow | -10,745 | -4,157 | -10,571 | -7,499 | 240 | -14,010 |
Financing Activities
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Short-Term Debt Issued | - | - | 925 | 544 | - | - |
Long-Term Debt Issued | - | 4,172 | 3,237 | 5,563 | 11,908 | 12,347 |
Total Debt Issued | 8,634 | 4,172 | 4,162 | 6,107 | 11,908 | 12,347 |
Short-Term Debt Repaid | - | -2,225 | - | - | -511 | -11 |
Long-Term Debt Repaid | - | -3,106 | -2,991 | -1,819 | -15,415 | -1,378 |
Lease Payments | -155 | -145 | -130 | -118 | -155 | -117 |
Total Debt Repaid | -3,366 | -5,331 | -2,991 | -1,819 | -15,926 | -1,389 |
Net Debt Issued (Repaid) | 5,268 | -1,159 | 1,171 | 4,288 | -4,018 | 10,958 |
Issuance of Common Stock | 24 | 40 | 7,019 | 20 | 17 | 33 |
Repurchase of Common Stock | -2 | -1 | -7 | -4 | - | -3 |
Common Dividends Paid | -1,719 | -1,623 | -1,529 | -1,718 | -1,607 | -922 |
Other Financing Activities | -1,906 | -1,877 | -2,126 | -1,599 | -1,565 | -2,297 |
Financing Cash Flow | 1,665 | -4,620 | 4,528 | 987 | -7,173 | 7,769 |
Net Cash Flow
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 4 | -8 | -23 | -1 | 7 | 5 |
Miscellaneous Cash Flow Adjustments | 122 | 153 | -123 | -30 | 9 | -11 |
Net Cash Flow | -609 | -803 | 619 | 396 | -19 | 25 |
Free Cash Flow
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | -2,850 | -2,160 | -1,972 | 35 | 573 | 1,174 |
Free Cash Flow Growth | - | - | - | -93.89% | -51.19% | 365.87% |
Free Cash Flow Margin | -15.19% | -12.21% | -10.73% | 0.18% | 2.65% | 6.36% |
Free Cash Flow Per Share | -0.57 | -0.43 | -0.42 | 0.01 | 0.16 | 0.33 |
Levered Free Cash Flow | -4,965 | -3,125 | -6,910 | -2,454 | -1,317 | -1,948 |
Unlevered Free Cash Flow | -4,036 | -2,171 | -5,860 | -1,441 | -321.88 | -1,271 |
Free Cash Flow After Leases | -3,005 | -2,305 | -2,102 | -83 | 418 | 1,057 |
Additional Metrics
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 1,938 | 1,932 | 1,920 | 1,627 | 1,430 | 1,053 |
Cash Income Tax Paid | 24 | 32 | 183 | 342 | 89 | 298 |
Change in Working Capital | 474 | 562 | -337 | 724 | 346 | -158 |