National Grid posts higher FY26 earnings, targets £70 billion five-year investment
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National Grid reported a 6% increase in underlying operating profit to £5.68 billion for FY26, with underlying EPS rising 8% to 78.0 pence. Capital investment reached a record £11.6 billion, up 18%, primarily in U.K. Electricity Transmission. The company anticipates 13-15% EPS growth for FY27 and plans to invest at least £70 billion over the next five years, targeting 10% annual asset growth. A final dividend of 32.14 pence per share was recommended, totaling 48.49 pence for the year.
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