Filing Flows › National Grid (NGG) › H1 FY26
National Grid (NGG) H1 FY26 earnings results (H1 FY26)
6-K filed Nov 6, 2025
National Grid (NGG) reported revenue of $7.1B for the H1 FY26 (H1 FY26). Operating margin was 21.6%, net earnings $618M (8.7% of revenue).
Revenue$7.1B
Year over year—
Quarter over quarter—
Operating margin21.6%
Net earnings$618M
National Grid, H1 FY26: revenue $7.1B, operating margin 21.6%, net earnings $618M. The chart follows the revenue to costs, profit and cash.
| H1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.1B | — | — |
| Operating profit | $1.5B | — | — |
| Net earnings | $618M | — | — |
What changed
Revenue was £7.1B in H1 FY26.
Operating profit was £1.5B, a 21.6% margin. Net earnings were £0.62B. The effective tax rate was 25.2%.
Questions
What was National Grid's revenue in the H1 FY26?
National Grid (NGG) reported revenue of $7.1B for the H1 FY26 (H1 FY26).
Was National Grid profitable in the H1 FY26?
Operating profit was $1.5B (21.6% of revenue) and net earnings $618M.
Source: National Grid 6-K on SEC EDGAR.