NATIONAL GRID PLC

NGG · XNYS

CIK 1004315fmd_0ZNDZWNEQN19JEBQEDXYRTABY3Transportation, Communications, Electric, Gas and Sanitary Services · Natural Gas TransmissionTemplate: Utilities

Coverage: Apr 01, 2015 to Mar 31, 2026, 19 periods

Income Statement · Annual · Millions · GBP
Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	13,212	15,035	15,250	14,933	13,360	13,665	18,449	21,659	19,850	18,378
Research and development	19	14	13	19	9	12	11	23	32	43
Operating income	3,225	3,208	3,493	2,870	2,279	2,401	4,371	4,879	4,475	4,934
Interest expense	977	1,140	1,009	1,157	1,020	853	1,072	1,598	1,712	1,807
Income before taxes	2,329	2,184	2,660	1,841	1,400	1,664	3,441	3,590	3,048	3,650
Income tax expense	427	374	(889)	339	370	360	1,258	876	831	821
Net income from continuing operations	1,902	1,810	3,549	1,502	1,030	1,304	2,183	2,714	2,217	2,829
Net income	2,591	7,795	3,550	1,511	1,264	1,640	2,353	7,797	2,290	2,902
Net income to common shareholders	2,591	7,795	3,550	1,511	1,264	1,640	2,353	7,797	2,290	2,902