National Grid Reports Increase in H1 Pre-tax Profit, Yet Decline in Net Profit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2025
0mins
Source: NASDAQ.COM
Financial Performance: National Grid plc reported a 21% increase in pre-tax profit to £826 million for the first half, while net profit fell to £617 million due to declining revenues.
Future Projections: The company anticipates strong operational performance for fiscal 2026, with underlying earnings per share expected to grow at a 6-8% CAGR from the 2024/25 baseline.
Capital Investment Plans: National Grid plans to invest approximately £60 billion over the five-year period from 2024/25 to 2028/29.
Dividend Announcement: The Directors proposed an interim dividend of 16.35 pence per share for the year ending March 31, 2026.
Analyst Views on NGG
Wall Street analysts forecast NGG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NGG is 85.50 USD with a low forecast of 85.50 USD and a high forecast of 85.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 80.850
Low
85.50
Averages
85.50
High
85.50
Current: 80.850
Low
85.50
Averages
85.50
High
85.50
About NGG
National Grid plc is a United Kingdom-based energy company. The Company's principal activities involve the transmission and distribution of electricity in Great Britain and of electricity and gas in the northeastern United States. Its segments include UK Electricity Transmission, UK Electricity Distribution, New England, New York and National Grid Ventures. The UK Electricity Transmission segment includes the high-voltage electricity transmission networks in England and Wales. The UK Electricity Distribution segment includes electricity distribution networks of NGED in the East Midlands, West Midlands and South West of England and South Wales. The New England segment includes electricity distribution networks, high-voltage electricity transmission networks and gas distribution networks in New England. The New York segment includes electricity distribution networks, high-voltage electricity transmission networks and gas distribution networks in New York.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
