National Grid Transco (NYSE:NGG) said it delivered stronger full-year earnings and laid out a five-year investment plan centered on grid expansion, demand growth from data centers and electrification, and operational improvements across its U.K. and U.S. businesses.
Chief Executive Zoë Yujnovich, who became CEO last autumn, said the company’s results showed “the momentum we’re building” and emphasized that execution will be central to its strategy. National Grid reported a more than 20% increase in capital expenditure to GBP 11.6 billion, asset growth of 10.9%, and underlying operating profit of GBP 5.7 billion. Underlying earnings per share grew 8% at constant currency, in line with guidance, while the dividend per share increased 3.8%, consistent with U.K. CPIH inflation.
