National Grid plc (NGG) Financial Statements
National Grid financial statements at a glance
National Grid reported revenue of 19.85 billion GBP for fiscal year 2024 (ended March 31, 2024), down 8.4% from fiscal year 2023. Net income was 2.29 billion GBP, a net margin of 11.5%, and diluted earnings per share were 0.57 GBP.
At the end of fiscal year 2024 it had total assets of 98.33 billion GBP, total liabilities of 68.43 billion GBP and shareholders' equity of 29.87 billion GBP, with cash and short-term investments of 4.25 billion GBP and total debt of 47.07 billion GBP.
Its operations brought in 6.94 billion GBP of cash; capital spending was 7.45 billion GBP, leaving free cash flow of -514.00 million GBP.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in GBP; latest fiscal year ended March 31, 2024.
National Grid plc
Income Statement
Annual • GBP
National Grid key figures by fiscal year
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | – | – | 19.9B GBP | 21.7B GBP | 18.4B GBP |
| Gross profit | – | 14.2B GBP | 14.6B GBP | 13.0B GBP | 12.4B GBP |
| Operating income | – | – | 5.5B GBP | 4.9B GBP | 4.4B GBP |
| Net income | – | – | 2.3B GBP | 7.8B GBP | 2.4B GBP |
| Diluted EPS | 0.65 GBP | 0.62 GBP | 0.57 GBP | 1.95 GBP | 0.60 GBP |
| Total assets | – | – | 98.3B GBP | 92.7B GBP | 94.9B GBP |
| Total liabilities | – | – | 68.4B GBP | 63.1B GBP | 71.0B GBP |
| Shareholders' equity | – | – | 29.9B GBP | 29.5B GBP | 23.8B GBP |
| Cash and short-term investments | – | – | 4.2B GBP | 2.7B GBP | 3.3B GBP |
| Total debt | – | – | 47.1B GBP | 43.0B GBP | 45.5B GBP |
| Operating cash flow | – | – | 6.9B GBP | 6.9B GBP | 6.3B GBP |
| Capital spending | – | – | 7.5B GBP | 6.9B GBP | 5.5B GBP |
| Free cash flow | – | – | -514.0M GBP | 6.0M GBP | 728.0M GBP |
In GBP. Fiscal years as reported by the company; statements on this page go back to fiscal year 2015.
Questions and answers
What was National Grid's revenue in fiscal year 2024?
19.85 billion GBP, down 8.4% from 21.66 billion GBP in fiscal year 2023.
How much profit does National Grid make?
National Grid reported net income of 2.29 billion GBP for fiscal year 2024 (11.5% of revenue); operating income was 5.46 billion GBP.
How much cash and debt does National Grid have?
At the end of fiscal year 2024: cash and short-term investments of 4.25 billion GBP and total debt of 47.07 billion GBP.
What is National Grid's free cash flow?
-514.00 million GBP in fiscal year 2024 (operating cash flow of 6.94 billion GBP minus capital spending of 7.45 billion GBP).
