Business description: National Grid plc

National Grid plc specializes in owning and operating electricity and gas networks. Net sales break down by activity as follows:

- transmission and distribution of electricity and gas in the United States (59.8%);

- electricity transmission in the United Kingdom (13.5%): owning, at the end of March 2025, a network of over 7,000 km of overhead power lines and over 300 substations;

- electricity distribution in the United Kingdom (13.2%): electricity distribution (over 220,000 km of overhead lines and underground cables, and over 185,000 substations);

- operation of electricity networks for transmission operators in the United Kingdom (5.5%);

- other (8%): telecom and interconnection activities among the various domestic electrical networks, liquefied natural gas storage activities, etc.

Net sales are distributed geographically as follows: the United Kingdom (36.5%) and the United States (63.5%).

Number of employees: 31,654

Sales by Activity: National Grid plc

Fiscal Period: March 2021 (GBP) 2022 (GBP) 2023 (GBP) 2024 (GBP) 2025 (GBP)

New York

- 5.56B 6.99B 6.09B 6.69B

New England

- 4.55B 4.43B 3.95B 4.31B

National Grid Ventures

- - 1.34B 1.39B 1.4B

UK Gas Transmission

904M - - - -

US Regulated

9.2B - - - -

UK Electricity Transmission

3.99B 2.04B 1.99B 2.74B 2.62B

UK Electricity System Operator

- 3.46B 4.69B 3.79B 1.03B

UK Electricity Distribution

- 1.48B 2.04B 1.8B 2.42B

Others

- - 317M 244M 122M

Sales between Segments

-27M -39M -142M -143M -208M

NGV and Other

715M 1.4B - - -
See all business segments

Geographical breakdown of sales: National Grid plc

Fiscal Period: March 2021 (GBP) 2022 (GBP) 2023 (GBP) 2024 (GBP) 2025 (GBP)

United States (US)

9.3B 10.65B 12.05B 10.79B 11.67B

United Kingdom (UK)

5.48B 7.8B 9.61B 9.06B 6.71B
See all geographic segments

Executive Committee: National Grid plc

Manager TitleAgeSince
Chief Executive Officer 51 16/11/2025
Director of Finance/CFO 56 29/07/2018
Chief Tech/Sci/R&D Officer - -
Corporate Officer/Principal 51 -
Corporate Secretary 45 30/06/2024
See NATIONAL GRID PLC governance

Composition of the Board of Directors: National Grid plc

Director TitleAgeSince
Director/Board Member 56 31/12/2018
Director/Board Member 68 31/12/2018
Director/Board Member 69 15/05/2019
Chairman 69 31/12/2020
Director/Board Member 60 31/07/2021
Director/Board Member 68 31/08/2021
Director/Board Member 60 31/08/2021
Director/Board Member 55 18/01/2022
Director/Board Member 64 10/07/2022
Director/Board Member 55 31/12/2023
Composition of the Board of Directors

Shareholders: National Grid plc

NameEquities%Valuation
The Bank of New York Mellon Corp. (Investment Management)
7.522 %
373,226,000 7.522 % 5 730 M p
The Vanguard Group, Inc.
3.176 %
157,565,000 3.176 % 2 419 M p
Abu Dhabi Investment Authority (Investment Management)
2.411 %
119,638,944 2.411 % 1 837 M p
Merrill Lynch International (Investment Management)
2.017 %
100,062,093 2.017 % 1 536 M p
Lazard Asset Management LLC
1.79 %
88,802,000 1.79 % 1 363 M p
NameEquities%Valuation
Fidelity Management & Research Co. LLC
0.613 %
6,082,381 0.613 % 470 M p
U.S. Trust Company of Delaware
0.4788 %
4,751,505 0.4788 % 368 M p
Federated Investment Counseling
0.3184 %
3,159,478 0.3184 % 244 M p
Renaissance Technologies LLC
0.3033 %
3,009,986 0.3033 % 233 M p
Standard Investments LLC
0.2499 %
2,480,000 0.2499 % 192 M p
List of NATIONAL GRID PLC shareholders

Company details: National Grid plc

National Grid Plc

1-3 Strand

WC2N 5EH, London

+44 20 7004 3000

http://www.nationalgrid.com
address National Grid plc(NG.)

Group companies: National Grid plc

NameCategory and Sector
NGC Employee Shares Trustee Ltd.
Alternative Power Generation
National Gas Transmission Pension Trustee Ltd.
See all subsidiaries

Other Multiline Utilities

Change 5d. change 1-year change 3-years change Capi.($)
+0.36%+2.31%+22.24%+15.87% 79.64B
-1.36%-3.00%-7.03%-16.38% 90.3B
-0.67%-0.25%+50.88%+87.79% 67.85B
-4.45%-2.06%+3.82%+11.94% 57.72B
-0.95%-0.09%+53.12%+69.88% 52.32B
-.--%-.--%-.--%-.--% 51.55B
+1.08%+4.58%+75.58%+23.85% 42.69B
+0.66%+4.81%+16.86%+26.03% 41.25B
-0.06%+0.81%-9.95%+31.34% 39.62B
-1.14%-1.82%-58.83%+7.61% 35.76B
Average -0.67%+1.52%+14.67%+25.79% 55.87B
Weighted average by Cap. -0.76%+1.09%+16.13%+24.51%
See all sector performances
Trader
Investor
Global
Quality
ESG MSCI
AAA
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
11.90GBP
Average target price
12.17GBP
Spread / Average Target
+2.25%
Consensus

Quarterly revenue - Rate of surprise

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