Company: NEWEN
Filing Date: 2025-11-06
Form Type: 6-K
Source: 0001654954-25-012622
Chunk: 21

Company: NATIONAL GRID PLC
Filing Date: 2025-11-06
Form: 6-K
Chunk 21
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 outflows for capital investment (net of disposals) and movements in financial investmentsoutside net debt, £12 millionof tax paid, £853 millionof interest outflows, £894 millionpaid in dividends, £139 millionof accretions on index-linked debt and other non-cash movements.

During the period we raised around £2.2 billion of new long-term senior debt to refinance maturing debt and to fund a portion of our significant capital programme, including the first green bond from our new Green Financing Framework, €700 million issued by National Grid North America Inc. In addition, we signed two new loan facilities that are guaranteed by European Export Credit Agencies for a combined total of around £1.7 billion. The facilities are aligned with our Green Financing Framework. As at 30 September 2025, we have £8.7 billion of undrawn committed facilities available for liquidity purposes.

There are no significant updates relating to credit rating agency actions. National Grid’s balance sheet remains robust and we remain committed to a strong, overall investment grade credit rating.

#### Interim dividend
The Board has approved an interim dividend of 16.35p per ordinary share ($1.0657 per American Depositary Share). The interim dividend is expected to be paid on 13 January 2026 to shareholders on the register as at 21 November 2025.

The Board aims to grow the annual dividend per share in line with UK CPIH, thus maintaining the dividend per share in real terms. The Board reviews this policy regularly, taking into account a range of factors including expected business performance and regulatory developments.

The scrip dividend alternative will again be offered in respect of the 2025/26interim dividend.

#### Growth
**A balanced portfolio to deliver asset and dividend growth**

National Grid seeks to create value for shareholders through developing a balanced portfolio of businesses that offer an attractive combination of asset growth and cash returns.

**£5.1 billion of capital investment across the Group**

We continued to make significant investment in energy infrastructure in the first six months of the year. Capital investment across the Group was £ 5,052million, an increase of £449 millionor 10%at actual exchange rates ( 12%at constant currency) compared to the first half of 2024/25.

| Group capital investment      |      |                          |          |       |      |                      |       |
| Six months ended 30 September 
 (£ million)                   |      | At actual exchange rates |          |       |      |