NORTHERN IRELAND ELECTRICITY NETWORKS LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -9.8%

  £452,100,000 → £407,900,000

• Cash

  -73.2%

  £118,400,000 → £31,700,000

• Net assets

  +5.2%

  £640,200,000 → £673,200,000

• Employees

  +5.3%

  1,578 → 1,661

• Operating profit

  -33.7%

  £227,000,000 → £150,500,000

• Profit before tax

  -47.1%

  £180,800,000 → £95,600,000

• Wages

  +11.8%

  £86,600,000 → £96,800,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. NORTHERN IRELAND ELECTRICITY NETWORKS LIMITED 2015-09-18 → present
2. NORTHERN IRELAND ELECTRICITY LIMITED 2010-11-26 → 2015-09-18
3. NORTHERN IRELAND ELECTRICITY PLC 1991-10-25 → 2010-11-26

Accounting basis

UK adopted international accounting standards

Reporting scope

Consolidated group

Auditor

Deloitte (NI) Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“On the basis of their assessment of the Group's financial position, which included a review of the Group's projected funding requirements for a period of not less than 12 months from the date of approval of the financial statements along with potential severe but plausible downside sensitivities, the directors have a reasonable expectation that the Group will have adequate financial resources for the 12-month period. Accordingly, the directors continue to adopt the going concern basis in preparing the annual report and financial statements.”

Group structure

1. NORTHERN IRELAND ELECTRICITY NETWORKS LIMITED · parent
   1. NIE Finance plc 100% · UK · provision of financing services
   2. NIE Networks Services Limited 100% · UK · ceased operational activity (formerly construction maintenance, metering and other services to the Company)
   3. Northern Ireland Electricity Limited 100% · UK · dormant
   4. NIE Limited 100% · UK · dormant

Significant events

• “On 27 January 2026, NIE Networks priced a £600m, 5.875% coupon, 15.5-year bond with settlement date 3 February 2026 under its EMTN programme.”
• “In January 2025, Storm Éowyn caused damage to the electricity networks across NI, with almost one third of premises losing supply. NIE Networks' teams and contracting partners carried out repairs in difficult conditions in service of its customers and communities, ensuring that all work was done safely, and that electricity was restored as quickly as possible.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.