National Grid lifts profit 8.79 percent: National Grid stock sits 14.25 percent below high

Published on 10/26/2026 at 16:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Earnings rose 8.33 percent to GBp 78.00 in fiscal 2025/26. National Grid stock costs EUR 14.65 on October 26, 2026, up 0.21 percent versus Xetra close.

Profit and valuation figures

National Grid's underlying operating profit rose 8.79 percent to GBP 5.680 billion in fiscal year 2025/26.
Underlying earnings per share increased to GBp 78.00 from GBp 72.00 in fiscal year 2025/26.
National Grid stock costs EUR 14.65 at Lang & Schwarz on October 26, 2026, up 0.21 percent versus the Xetra close of October 23, 2026.

National Grid, GB00BDR05C01, Illustration mit AI erstellt.

National Grid's underlying operating profit rose 8.79 percent to GBP 5.680 billion in fiscal year 2025/26, compared with GBP 5.221 billion a year earlier, according to National Grid. The company also lifted underlying earnings per share to GBp 78.00 from GBp 72.00. National Grid stock was trading at EUR 14.65 at Lang & Schwarz on October 26, 2026 at 4:30 p.m. CEST, up 0.21 percent versus the Xetra close of October 23, 2026.

Earnings growth rests on investment

Capital investment increased 21.30 percent to GBP 11.576 billion in fiscal year 2025/26 from GBP 9.542 billion in fiscal year 2024/25. The higher spending underlines the capital-intensive profile of National Grid's electricity and gas transmission and distribution businesses.

The dividend also increased 3.79 percent to GBp 48.49 from GBp 46.72 in fiscal year 2024/25. National Grid operates regulated networks in the United Kingdom and the United States, with transmission investment forming a central part of its growth plan.

Stock stays below its yearly high

The London-listed shares were at GBp 1,225.00 on October 26, 2026 at 3:27 p.m. London time. The same quote placed the 52-week range at GBp 1,096.50 to GBp 1,428.50, leaving the stock 14.25 percent below its high and 11.72 percent above its low. Trading volume stood at 2,509,536 shares.

The market capitalization was GBP 61.6 billion, while the trailing price-to-earnings ratio was 18.85 and the dividend yield was 4.00 percent on October 26, 2026. The valuation sits below Severn Trent's ratio of 26.27 but above SSE's 24.51? No, 18.85 is below both. SSE had a ratio of 24.51 and a GBP 30.4 billion market capitalization, while Severn Trent had a ratio of 26.27 and a GBP 9.8 billion market capitalization on October 26, 2026.

What dates matter for investors?

National Grid's next half-year results are scheduled for November 5, 2026. The date and the reporting period for the six months ended September 30, 2026 were set out in the company's October 5 pre-close announcement carried by Financial Times. The next report will give investors a fresh comparison with the fiscal year figures and the investment program.

UBS maintained a Sell rating and a GBp 1,110 price target on October 20, 2026, according to Markets Insider. Against the London price of GBp 1,225.00, that target is 9.39 percent lower. The contrast is clear: operating profit and capital investment advanced, while the target remains below the quoted share price.

National Grid stock keeps a measured profile

The combination of an 8.79 percent operating-profit increase, a 21.30 percent rise in capital investment and a 4.00 percent dividend yield gives the stock a valuation-led profile rather than a purely income-led one. The upcoming half-year report will test how much of the earnings growth came from recurring network operations.

The further course of trading is shown by the continuously updated real-time quote of National Grid stock.