National Grid Full Year 2025 Earnings: Misses Expectations

In This Article:

National Grid (LON:NG.) Full Year 2025 Results

Key Financial Results

  • Revenue: UK£18.4b (down 7.4% from FY 2024).

  • Net income: UK£2.83b (up 28% from FY 2024).

  • Profit margin: 15% (up from 11% in FY 2024). The increase in margin was driven by lower expenses.

  • EPS: UK£0.60 (in line with FY 2024).

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LSE:NG. Earnings and Revenue Growth May 16th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

National Grid Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) also missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Integrated Utilities industry in Europe.

Performance of the market in the United Kingdom.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for National Grid (of which 2 are a bit unpleasant!) you should know about.

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