National Grid (LON: NG) stock: the official figures
National Grid (NATIONAL GRID PLC) is listed on the London Stock Exchange under the ticker NG and belongs to the utilities sector. In fiscal 2025 it reported revenue of £17,687m and a net profit of £3,241m, according to the annual accounts it filed with the regulator. Its fiscal year ends on 31 March.
Identifiers for National Grid: LEI 8R95QZMKZLJX5Q2XR704.
Fiscal 2025 figures
| Item | 2025 | 2024 | Change |
|---|---|---|---|
| Revenue | £17,687m | £18,378m | −3.8% |
| Operating profit | £5,431m | £4,934m | +10.1% |
| Net profit | £3,241m | £2,902m | +11.7% |
| Earnings per share | £0.66 | £0.62 | +6.3% |
| Operating margin | 30.7% | 26.8% | +3.9 pts |
| Net margin | 18.3% | 15.8% | +2.5 pts |
| Total assets | £108,281m | £106,742m | +1.4% |
| Equity | £39,299m | £37,803m | +4.0% |
| Cash | £375.0m | £1,178m | −68.2% |
Margins are calculated from the filed figures: operating profit and net profit over revenue.
6 fiscal years
| Fiscal year | Revenue | Operating profit | Net profit | Earnings per share | Document |
|---|---|---|---|---|---|
| 2025 | £17,687m | £5,431m | £3,241m | £0.66 | Annual report |
| 2024 | £18,378m | £4,934m | £2,902m | £0.62 | Annual report |
| 2023 | £19,850m | £4,475m | £2,290m | £0.62 | Annual report |
| 2022 | £21,659m | £4,879m | £7,797m | £2.13 | Annual report |
| 2021 | £18,449m | £4,371m | £2,353m | £0.65 | Annual report |
| 2020 | £13,665m | £2,401m | £1,640m | £0.47 | — |
The full income statement, balance sheet and cash flow statement are in the annual accounts of National Grid. Year by year: dividends paid.
Dividends
In fiscal 2025, National Grid paid £1,623m in dividends, 50.1% of its net profit, according to its cash flow statement.
| Fiscal year | Dividends paid | Share of net profit |
|---|---|---|
| 2025 | £1,623m | 50.1% |
| 2024 | £1,529m | 52.7% |
| 2023 | £1,718m | 75.0% |
| 2022 | £1,607m | 20.6% |
| 2021 | £922.0m | 39.2% |
| 2020 | £1,413m | 86.2% |
Cash paid out as dividends during the fiscal year, including dividends to minority shareholders of subsidiaries when the company does not report them separately. It is not the dividend per share.
Frequently asked questions about National Grid
- How much did National Grid earn in fiscal 2025?
- National Grid reported a net profit of £3,241m for fiscal 2025, on revenue of £17,687m. The year before it reported a net profit of £2,902m.
- Does National Grid pay a dividend?
- In fiscal 2025, National Grid paid £1,623m in dividends, 50.1% of its net profit, according to its cash flow statement.
- What are the earnings per share of National Grid?
- They were £0.66 in fiscal 2025, compared with £0.62 the year before.
- Where is National Grid listed?
- National Grid is listed on the London Stock Exchange under the ticker NG and belongs to the utilities sector.
- Where do the figures for National Grid come from?
- From the report National Grid files every year in the European single electronic format (ESEF), the one it files with the regulator of its home market. Each fiscal year links to its filing.
Where each figure comes from
The annual accounts come from the report National Grid files every year in the European single electronic format (ESEF), the one it files with the regulator of its home market. Each fiscal year in the table links to its filing. Celsmar reads the tagged figures from the document and does not adjust them: if an item is not in the filing, it is not shown. More detail in data sources and, if you spot an error, in corrections. What Celsmar is and what it costs, in its fact sheet.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.