Company: NEWEN
Filing Date: 2025-11-06
Form Type: 6-K
Source: 0001654954-25-012622
Chunk: 43

Company: NATIONAL GRID PLC
Filing Date: 2025-11-06
Form: 6-K
Chunk 43
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| Profit before tax                      |                     600 |    |                           17 |      617 |    816 |      1,433 |

**Earnings per share calculations from continuing operations – At actual exchange rates**

The table below reconciles the profit after tax from continuing operations per the previous tables back to the earnings per share from continuing operations for each of the adjusted profit measures. Earnings per share is only presented for those adjusted profit measures that are at actual exchange rates, and not for those at constant currency.

| Six months ended 30 September 2025 | Profit after tax 
               £m | Non-controlling interest 
                       £m | Profit after tax attributable to the parent 
                                          £m | Weighted average number of shares 
                          Millions |  Earnings 
 per share 
     pence |
| Statutory                          |              618 |                       -1 |                                         617 |                             4,926 |      12.6 |
| Adjusted                           |              753 |                       -1 |                                         752 |                             4,926 |      15.3 |
| Underlying                         |            1,471 |                       -1 |                                       1,470 |                             4,926 |      29.8 |

| Six months ended 30 September 2024 | Profit after tax 
               £m | Non-controlling interest 
                       £m | Profit after tax attributable to the parent 
                                          £m | Weighted average number of shares 
                          Millions |  Earnings 
 per share 
     pence |
| Statutory                          |              572 |                       -1 |                                         571 |                             4,526 |      12.6 |
| Adjusted                           |              471 |                       -1 |                                         470 |                             4,526 |      10.4 |
| Underlying                         |            1,272 |                       -1 |                                       1,271 |                             4,526 |      28.1 |

Alternative performance measures/non-IFRS reconciliations continued

#### Timing impacts from continuing operations
Under the Group’s regulatory frameworks, the majority of the revenues that National Grid is allowed to collect each year are governed by a regulatory price control or rate plan. If National Grid collects more than this allowed level of revenue, the balance must be returned to customers in subsequent years, and if it collects less than this level of revenue, it may recover the balance from customers in subsequent years. These variances between allowed and