National Grid PLC (NGG)

NYSE: NGG · Natural Gas Transmission · London, GB · filing with the SEC since 2000

Grade4.0

◀ Past 5.2● Present 3.7▶ Future 3.4

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In millions of pounds sterling (GBP), as filed; per-share figures in pounds sterling; share counts. The fiscal year ends in March.

The Form 20-F filed Jun 3, 2026 for the period ended Mar 31, 2026 is not in EDGAR's company facts yet; its figures here are that filing's own, read from the SEC's financial statement data sets.

Income statement, by fiscal year, newest first
Fiscal year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018	Mar 31, 2017
Report filed	Jun 3, 2026	May 29, 2025	May 23, 2024	Jun 6, 2023	Jun 7, 2022	Jun 8, 2021	Jun 25, 2020	Jun 4, 2019	·	Jun 6, 2017
Revenue	17,687	18,378	19,850	21,659	18,449	13,665^r	13,360^r	14,933	15,250	15,035
Research and development	·	43	32	23	11	12^r	9^r	19	13	14
Total operating expenses	·	·	·	·	·	11,884	11,760	12,063	11,757	11,827
Operating income	5,431	4,934	4,475	4,879	4,371	2,401^r	2,279^r	2,870	3,493	3,208
Finance costs	1,705	1,807	1,712	1,598	1,072	853^r	1,020^r	1,157	1,009^r	1,140
Finance income	380	450	248	138	50	58	54	88	127^r	53
Net finance income (costs)	·	-1,357	-1,464	-1,460	-1,022	-795^r	-966^r	-1,069	-882^r	-1,087
Share of profit of equity-method investments	76	73	37	171	92	58	87	40	49^r	63
Income before income taxes	4,182	3,650	3,048	3,590	3,441	1,664^r	1,400^r	1,841	2,660^r	2,184
Income tax expense	939	821	831	876	1,258	360^r	370^r	339	-889^r	374
Income from continuing operations	3,243	2,829	2,217	2,714	2,183	1,304^r	1,030^r	1,502	3,549^r	1,810
Income from discontinued operations	0	76	74	5,083	171	337	235^r	12	2^r	5,984
Net income	3,243	2,905	2,291	7,797	2,354	1,641	1,265	1,514	3,551	7,794
Net income to non-controlling interests	2	3	1	0	·	·	·	3	1	-1
Net income to shareholders	3,241	2,902	2,290	7,797	2,353	1,640	1,264	1,511	3,550	7,795
Net income to ordinary shareholders	·	2,902	2,290	7,797	2,353	1,640	1,264	1,511	3,550	7,795
Earnings per share, basic	0.655	0.616	0.574^r	1.971^r	0.6037^b	0.4302^b	0.3369^b	0.4117^b	0.9471^b	1.9117^b
Earnings per share, diluted	0.652	0.614	0.571^r	1.962^r	0.60^b	0.4274^b	0.3351^b	0.4098^b	0.9425^b	1.9034^b
Weighted average shares, basic	·	4,707,000,000	3,991,000,000^r	3,956,000,000^r	3,898,916,667^b	3,816,583,333^b	3,749,416,667^b	3,668,166,667^b	3,749,416,667^b	4,076,583,333^b
Weighted average shares, diluted	·	4,729,000,000	4,008,000,000^r	3,973,000,000^r	3,917,333,333^b	3,835,000,000^b	3,767,833,333^b	3,684,416,667^b	3,765,666,667^b	4,095,000,000^b

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the change of share basis.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldifrs-full:Revenue

Research and development spent on inventing what it sells nextifrs-full:ResearchAndDevelopmentExpense

Total operating expenses the running costs togetherifrs-full:OperatingExpense

Operating income profit from running the business, before interest and taxifrs-full:ProfitLossFromOperatingActivities

Finance costs what its borrowing costifrs-full:FinanceCosts

Finance income what its cash and investments earnedifrs-full:FinanceIncome

Net finance income (costs) interest earned less interest paid, outside the businessifrs-full:FinanceIncomeCost

Share of profit of equity-method investments its share of companies it partly ownsifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod

Income before income taxes profit before taxifrs-full:ProfitLossBeforeTax

Income tax expense tax charged on the period's profitifrs-full:IncomeTaxExpenseContinuingOperations

Income from continuing operations profit from the businesses it keepsifrs-full:ProfitLossFromContinuingOperations

Income from discontinued operations profit or loss from businesses it sold or closedifrs-full:ProfitLossFromDiscontinuedOperations

Net income the whole group's profit, minority holders' share includedifrs-full:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersifrs-full:ProfitLossAttributableToNoncontrollingInterests

Net income to shareholders the profit or loss that belongs to the company's shareholdersifrs-full:ProfitLossAttributableToOwnersOfParent

Net income to ordinary shareholders what is left for common shareholdersifrs-full:ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity

Earnings per share, basic net income per share outstandingifrs-full:BasicEarningsLossPerShare

Earnings per share, diluted net income per share, counting every share that could be issuedifrs-full:DilutedEarningsLossPerShare

Weighted average shares, basic the average count of shares outstandingifrs-full:WeightedAverageShares

Weighted average shares, diluted the average count with every share that could be issuedifrs-full:AdjustedWeightedAverageShares

SI Assistanton NGG · research, not advice