National Grid stock trades at EUR 13.12 as EPS rises 8.30 percent

Published on 09/29/2026 at 14:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

National Grid stock posted GBp 78.00 underlying EPS in fiscal 2025/26, compared with GBp 72.00 a year earlier. Capital investment reached GBP 11,576 million.

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National Grid stock was trading at EUR 13.12 at Lang & Schwarz on September 29, 2026 at 2:14 p.m. CEST, down 1.20 percent versus the prior close of EUR 13.28 on September 28, 2026. The company enters the session with fiscal 2025/26 figures showing higher underlying earnings and a larger investment program.

Underlying earnings keep rising

National Grid reported underlying operating profit of GBP 5,680 million for fiscal 2025/26, up 8.80 percent from GBP 5,221 million in fiscal 2024/25. Underlying EPS reached GBp 78.00, an 8.30 percent increase from GBp 72.00.

The earnings comparison matters because National Grid combines regulated network assets with a capital-intensive expansion plan. The latest figures show profit growth progressing alongside investment rather than relying only on cost reduction.

Investment sets the scale

National Grid lifted capital investment to GBP 11,576 million in fiscal 2025/26 from GBP 9,542 million in fiscal 2024/25, a 21.30 percent increase. The company also raised its dividend per share to GBp 48.49 from GBp 46.72, a 3.80 percent increase.

That combination gives the stock a clear operating trade-off: higher network spending can support future regulated returns, while the near-term funding requirement remains material. Bernstein Research kept National Grid at Outperform with a GBp 1,310.00 price target on September 25, 2026, according to ARIVA.DE.

Euro quote turns lower

National Grid stock was trading at EUR 13.12 at Lang & Schwarz on September 29, 2026 at 2:14 p.m. CEST. The quote was down 1.20 percent against the Lang & Schwarz prior close of EUR 13.28 from September 28, 2026, giving the day a weaker market tone despite the latest full-year growth figures.