National Grid Full Year 2025 Earnings: Misses Expectations

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).

Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit.

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

We should say that we've discovered 3 warning signs for National Grid (2 can't be ignored!) that you should be aware of before investing here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.