National Grid FY26 Profit Rises; Sees Earnings Growth In FY27, Backs 5 Yr Financial Framework

National Grid reported higher fiscal 2026 profit despite weak revenues, indicating improved underlying performance. The company also lifted its dividend and issued fiscal 2027 guidance calling for growth in underlying earnings per share, which supports the investment case. The update is constructive for the stock but likely only moderately market-moving.

Analysis

National Grid reported higher fiscal 2026 profit despite weak revenues, indicating improved underlying performance. The company also lifted its dividend and issued fiscal 2027 guidance calling for growth in underlying earnings per share, which supports the investment case. The update is constructive for the stock but likely only moderately market-moving.