PLC annual reports

Access the latest annual report and accounts for National Grid plc and its UK and US subsidiaries.

JP Annual report

Introduction to the Annual Report

Watch this video of our Chief Executive, John Pettigrew, where he reflects on the events of the past 12 months and gives an update on our performance and priorities in the UK and the US to introduce the 2023/24 Annual Report.

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Annual Report and Accounts

Here you can view or download our full Annual Report and Accounts, or its separate sections – the Strategic Report, Corporate Governance Report, Financial Statements and Additional Information.

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Strategic Report

The Strategic Report includes an overview of our strategy and business model, the principal risks we face and information about our performance. In addition to the financial review included within this section, we provide additional analysis and commentary – including the performance of our operating segments – within the unaudited commentary sections of the financial statements. This additional analysis forms part of our Strategic Report.

Download the Strategic Report

Corporate Governance Report

The Corporate Governance report, introduced by our Chair, Paula Rosput Reynolds, contains details about the activities of the Board and its Committees during the year. We include reports from the: Audit & Risk, Finance, Safety & Sustainability, People & Governance, and Remuneration Committees. We also include details of our shareholder engagement activities.

Download the Corporate Governance Report
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Financial Statements

Our financial statements include: the independent auditor’s reports; consolidated financial statements prepared in accordance with IFRS as adopted by the UK and as issued by the IASB; related commentary and notes to the consolidated financial statements; and the Company’s financial statements, prepared in accordance with FRS 101.

Download the Financial Statements
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Additional Information

This section includes: additional disclosures and information; definitions and a glossary of terms; summary consolidated financial information; and other useful information for shareholders, including contact details for more information or help.

Download the Additional Information section

Full year 2023/24 financial and operational highlights

*Statutory operating profit:

2022/23 £4,879m

*Statutory EPS:

2022/23 74.2p

Value Added:

79.4p per share
2022/23 131.4p per share

*Underlying operating profit:

2022/23 £4,582

*Underlying EPS¹:

2022/23 74.5p

*Capital investment¹:

2022/23 £7,593

Group return on equity (RoE):

2022/23 11.0%

Group safety performance:

0.08 LTIFR
2022/23 0.11 LTIFR

Greenhouse gas emissions:

6.9m tonnes
2022/23 7.3m tonnes

Employee engagement index:

(2022/23: 81%)

Full year dividend of

2022/23 55.44p/share

Final dividend of:

2022/23 37.60p/share

* From continuing operations.
¹Prior year comparatives have been restated.


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