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Stocks / Foreign companies / NGG · Natural Gas Transmission

National Grid plc (NGG)

National Grid plc files a 20-F with the SEC once a year, in pounds sterling. In the year to 31 March 2026 it reported revenue of GBP 17,687 million, down 3.8% on the year before. Its profit attributable to shareholders was GBP 3,241 million, up 11.7%, and diluted earnings per share GBP 0.65.

Earnings per share are per ordinary share, in pounds sterling. The share that trades in the US can be a depositary share standing for more or fewer ordinary shares, so no price ratio is worked out on this page.

The public record on NGG

Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.6 by open interest on 26 September 2026; the straddle prices a 4.8% move to 16 October 2026
Holders6 of the followed funds hold it; largest FMR LLC; 0 Schedule 13D or 13G filings in twelve months
Congress0 House trades disclosed in six months
Short interest1.4 million shares short, 1.39 days to cover at 15 September 2026

Profit and loss, 11 fiscal years

Year toMar 2026Mar 2025Mar 2024Mar 2023*Mar 2022Mar 2021*Mar 2020*Mar 2019*Mar 2018*Mar 2017Mar 2016*
Revenue17,68718,37819,85021,65918,44913,66513,36014,93315,25015,03513,212
Research and development38.043.032.023.011.012.09.019.013.014.019.0
Operating profit5,4314,9344,4754,8794,3712,4012,2792,8703,4933,2083,225
Finance costs1,7051,8071,7121,5981,0728531,0201,1571,0091,140977
Profit before tax4,1823,6503,0483,5903,4411,6641,4001,8412,6602,1842,329
Income tax9398218318761,258360370339-889374427
Profit for the year3,2432,9052,2917,7972,3541,6411,2651,5143,5517,7942,594
Profit attributable to shareholders3,2412,9022,2907,7972,3531,6401,2641,5113,5507,7952,591

GBP million, from each year's annual report on the SEC's EDGAR, the year linked to its filing, on the IFRS tags the company filed. A line the company does not file under the standard tag is left out rather than estimated. A year marked * shows the figure as the company restated it in a later annual report (Mar 2016, Mar 2018, Mar 2019, Mar 2020, Mar 2021, Mar 2023); the first-filed figure is in the CSV. Profit for the year includes the part that belongs to minority shareholders; profit attributable to shareholders is the part EPS is struck on.

Year toMar 2026Mar 2025Mar 2024Mar 2023*Mar 2022Mar 2021*Mar 2020*Mar 2019*Mar 2018*Mar 2017Mar 2016*
Diluted EPS0.650.610.571.960.650.460.360.441.022.060.68
Basic EPS0.660.620.571.970.650.470.360.451.032.070.69

GBP per ordinary share, as filed.

Cash flow

Year toMar 2026Mar 2025Mar 2024Mar 2023*Mar 2022Mar 2021*Mar 2020*Mar 2019*Mar 2018*Mar 2017Mar 2016*
Purchase of property, plant and equipment9,9898,7806,9046,3255,0984,2094,2913,6353,7383,2962,855
Dividends paid1,6231,5291,7181,6079221,4138921,1604,4871,4631,337

GBP million. Purchase of property, plant and equipment is the cash line as filed; purchases of intangible assets and acquisitions are not in it. Free cash flow is cash from operations less that purchase, arithmetic on the two filed lines.

Balance sheet at year end

Year toMar 2026Mar 2025Mar 2024Mar 2023*Mar 2022Mar 2021*Mar 2020*Mar 2019*Mar 2018*Mar 2017Mar 2016*
Total assets108,281106,74298,32592,69794,86067,21667,56063,41259,20465,840n/a
Equity attributable to shareholders39,29937,80329,86729,53823,83319,83919,77119,54819,01720,36813,565
Cash and cash equivalents3751,17855916320415773.02523291,139124
Borrowings, as filed46,75547,53947,07242,98545,46531,22030,79428,73026,62528,63828,344
Lease liabilities893829779714558685735270n/an/an/a
Trade and other receivables3,8674,0923,4153,8303,7152,9192,9863,1532,7982,728n/a
Inventories559557828876511439549370341403n/a
Goodwill9,4179,5329,7299,8479,5324,5885,7125,3724,9846,096n/a

GBP million, at each fiscal year end. Borrowings is the company's own stated total where it files one; it is never added up from its parts here.

Ratios on the filed lines

Year toMar 2026Mar 2025Mar 2024Mar 2023*Mar 2022Mar 2021*Mar 2020*Mar 2019*Mar 2018*Mar 2017Mar 2016*
Operating margin30.7%26.8%22.5%22.5%23.7%17.6%17.1%19.2%22.9%21.3%24.4%
Net margin18.3%15.8%11.5%36.0%12.8%12.0%9.5%10.1%23.3%51.8%19.6%
Return on year-end equity8.2%7.7%7.7%26.4%9.9%8.3%6.4%7.7%18.7%38.3%19.1%
Effective tax rate22.5%22.5%27.3%24.4%36.6%21.6%26.4%18.4%-33.4%17.1%18.3%

Arithmetic on the filed lines of the same year: margins over revenue, return on equity as profit attributable to shareholders over year-end equity, tax over profit before tax.

Annual reports on EDGAR

FormYear toFiled
20-F31 March 20263 June 2026EDGAR
20-F31 March 202529 May 2025EDGAR
20-F31 March 202423 May 2024EDGAR
20-F31 March 20236 June 2023EDGAR
20-F31 March 20227 June 2022EDGAR
20-F31 March 20218 June 2021EDGAR
20-F31 March 202025 June 2020EDGAR
20-F31 March 20194 June 2019EDGAR
20-F30 March 20184 June 2018EDGAR
20-F/A31 March 201717 July 2017EDGAR
20-F31 March 20176 June 2017EDGAR
20-F31 March 20167 June 2016EDGAR

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