Angela Broad
Head of Investor Relations
Replay available
National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NYSE: NGG) Q4 2025 earnings conference call, held 2025-05-15. Replay captured from the company's public earnings webcast.

Head of Investor Relations
Chief Executive Officer
Chief Financial Officer
Analyst, Barclays
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WEBVTT 00:00:00.031 -- 00:00:03.796 Good morning and welcome to National Grid's full year results presentation. 00:00:03.796 -- 00:00:06.960 I'm Angela Broad, Head of Investor Relations, and it's great to have so many of you on 00:00:06.960 -- 00:00:09.143 the call today. 00:00:09.143 -- 00:00:13.329 I'd like to draw your attention to the cautionary statement at the front of the pack. 00:00:13.329 -- 00:00:17.374 As usual, a Q&A with John and Andy will follow the presentation. 00:00:17.374 -- 00:00:22.000 Please join via the conference call to ask a question or use the tab at the bottom of 00:00:22.000 -- 00:00:27.087 the webcast to submit a written question. All of today's materials are available on our 00:00:27.087 -- 00:00:31.754 website. And of course, for any further queries after the call, please do feel free to 00:00:31.754 -- 00:00:36.879 reach out to me or one of the IR team. So with that, I'd now like to hand you 00:00:36.879 -- 00:00:40.863 over to our CEO, John Pettigrew. John. 00:00:40.863 -- 00:00:42.945 Many thanks, Angela. Good morning, everyone. 00:00:42.945 -- 00:00:46.048 Thank you for joining us to discuss our full year results. 00:00:46.048 -- 00:00:50.372 I hope to see many of you later today at our Building Our Energy Future event for a deep 00:00:50.372 -- 00:00:56.107 dive on major capital projects we're delivering across the UK and the Northeast US. 00:00:56.107 -- 00:01:00.473 As ever, I'm here with Andy Ag, and once we've been through our respective presentations, 00:01:00.473 -- 00:01:03.755 we'll be happy to answer your questions. 00:01:03.838 -- 00:01:08.885 Last May, we announced a refined strategy focused on pure play networks. 00:01:08.885 -- 00:01:13.911 We also set out a new five-year financial framework on our plans for £60 billio...