Business Segments National Grid plc

Equities

Market Closed - London S.E. Other stock markets 16:35:23 12/02/2026 GMT			5-day change	1st Jan Change
1,352.50 ^GBX	+1.77%		+5.50%	+18.48%

02-11	European Equities Traded in the US as American Depositary Receipts Slightly Higher in Wednesday Trading	MT
02-10	National Grid reports record power output on Long Island, Rockaways	RE

Breakdown by Business Segment (GBP)

Fiscal Period: March	2021	2022	2023	2024	2025
Oil and Gas Distribution
New York	-	5.56B	6.99B	6.09B	6.69B
CAPEX	-	-1.96B	-2.45B	-2.65B	-3.29B
D&A	-	537M	620M	658M	731M
Operating Income	-	780M	741M	860M	1.02B
New England	-	4.55B	4.43B	3.95B	4.31B
CAPEX	-	-1.56B	-1.62B	-1.67B	-1.75B
D&A	-	364M	393M	420M	469M
Operating Income	-	743M	708M	643M	982M
National Grid Ventures	-	-	1.34B	1.39B	1.4B
CAPEX	-	-	-709M	-662M	-378M
D&A	-	-	149M	166M	173M
Operating Income	-	-	490M	469M	380M
UK Gas Transmission	904M	-	-	-	-
CAPEX	-176M	-	-	-	-
D&A	165M	-	-	-	-
Operating Income	342M	-	-	-	-
US Regulated	9.2B	-	-	-	-
CAPEX	-3.22B	-	-	-	-
D&A	888M	-	-	-	-
Operating Income	1.31B	-	-	-	-
UK Gas Distribution	-	-	-	-	-
CAPEX	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Electric Power Transmission and Control
UK Electricity Transmission	3.99B	2.04B	1.99B	2.74B	2.62B
CAPEX	-1.07B	-1.2B	-1.3B	-1.91B	-3B
D&A	507M	508M	484M	521M	540M
Operating Income	1.03B	1.07B	995M	1.68B	1.28B
UK Electricity System Operator	-	3.46B	4.69B	3.79B	1.03B
CAPEX	-	-108M	-108M	-85M	-
D&A	-	83M	101M	61M	-
Operating Income	-	7M	238M	880M	-364M
Electric Power Distribution
UK Electricity Distribution	-	1.48B	2.04B	1.8B	2.42B
CAPEX	-	-899M	-1.22B	-1.25B	-1.43B
D&A	-	158M	223M	223M	249M
Operating Income	-	909M	1.09B	993M	1.61B
Claim Processors
Others	-	-	317M	244M	122M
CAPEX	-	-	-13M	-2M	-4M
D&A	-	-	14M	12M	13M
Operating Income	-	-	31M	-60M	-143M
Sales between Segments	-27M	-39M	-142M	-143M	-208M
Commercial Repair Services
NGV and Other	715M	1.4B	-	-	-
CAPEX	-460M	-462M	-	-	-
D&A	112M	180M	-	-	-
Operating Income	237M	307M	-	-	-

Geographical breakdown of sales (GBP)

Fiscal Period: March	2021	2022	2023	2024	2025
United States (US)	9.3B	10.65B	12.05B	10.79B	11.67B
Total Assets	27.13B	30.67B	35.69B	44.27B	46.13B
D&A	889M	951M	1.06B	-	-
CAPEX	-3.22B	-3.64B	-4.17B	-	-
Operating Income	1.31B	1.58B	1.47B	1.54B	1.99B
Total Assets	-	-	-	3.61B	3.66B
United Kingdom (UK)	5.48B	7.8B	9.61B	9.06B	6.71B
Total Assets	21.35B	30.13B	32.34B	40.06B	42.62B
D&A	783M	879M	921M	-	-
CAPEX	-1.71B	-2.55B	-3.26B	-	-
Operating Income	1.61B	2.23B	2.82B	3.92B	2.78B