National Grid

Own the electricity & gas transmission system with day to day responsibility of balancing supply and demand.

Launch date

1990

Employees

Market cap

Enterprise valuation

AUD190.8b (Public information from Sep 2024)

Company register number 04031152

London England (HQ)

https://www.nationalgrid.com/

https://twitter.com/nationalgriduk https://www.facebook.com/nationalgrid https://www.linkedin.com/company/national-grid

View job openings

Corporate Venture Fund: National Grid Partners (NGP)

Revenues, earnings & profits over time

GBP	2021	2022	2023	2024	2025	2026	2027
Revenues	14.8b	18.3b	21.7b	19.9b	20.0b	20.5b	22.3b
% growth	2 %	24 %	19 %	(8 %)	1 %	3 %	9 %
EBITDA	4.7b	5.8b	6.6b	7.8b	7.5b	8.1b	9.2b
% EBITDA margin	32 %	32 %	31 %	39 %	37 %	39 %	41 %
Profit	1.6b	2.4b	7.8b	2.3b	3.4b	3.3b	3.7b
% profit margin	11 %	13 %	36 %	12 %	17 %	16 %	17 %
EV / revenue	4.0x	4.7x	3.8x	4.2x	4.5x	4.7x	4.6x
EV / EBITDA	12.6x	14.7x	12.3x	10.7x	12.1x	12.0x	11.2x
R&D budget	17.0m	-	-	-	-	-	-

Date	Investors	Amount	Round
Jan 1999	N/A	N/A	IPO
May 2017	N/A	N/A	IPO
May 2024*	N/A	£7.0b	Post IPO Equity
Total Funding		-

By Country

United States 6 United Kingdom 1

By Industry

Energy 4 Health 1 Enterprise Software 1 Real Estate 1

By Round

ACQUISITION 2 GRANT 2 LATE VC 1 GROWTH EQUITY NON VC 1 SERIES D 1 SERIES C 1

ACQUISITION by Uplight Dec 2023

Thermo Fisher Scientific

ACQUISITION by PHC Holdings (Fomerly Panasonic Healthcare Co. Ltd, Matsushita Kotobuki Electronics ) Jan 2019

Clean Line Energy Partners

ACQUISITION by National Grid Aug 2007

Western Power Distribution

ACQUISITION by National Grid Mar 2021