Northern Ireland Electricity Networks Limited
Registered name: NORTHERN IRELAND ELECTRICITY NETWORKS LIMITED
Part of The Government Of Ireland groupNorthern Ireland Electricity Networks Limited made £408m revenue and £72.1m profit in the year to 31 Dec 2025.
Northern Ireland Electricity Networks Limited’s revenue fell 10% to £408m in the year to 31 Dec 2025, with £72.1m profit and 1,681 employees. The company is classified under “transmission of electricity”; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Northern Ireland
- Age
- 35 yrs · since 1991
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £340m | £452m | £408m |
| Operating profit | £135m | £227m | £151m |
| Profit before tax | £91.5m | £181m | £95.6m |
| Profit after tax | £69.1m | £134m | £72.1m |
| Profit (best available) | £69.1m | £134m | £72.1m |
| Employees (average) | 1,506 | 1,646 | 1,681 |
| Ratios | |||
| Profit margin | 20.3% | 29.7% | 17.7% |
| Revenue per employee | £225k | £275k | £243k |
| Profit per employee | £45.9k | £81.7k | £42.9k |
| Growth (year on year) | |||
| Revenue growth | — | ▲33.1% | ▼9.8% |
| Profit growth | — | ▲94.5% | ▼46.4% |
| Headcount growth | — | ▲9.3% | ▲2.1% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data May 2025 | Accounts · bulk data May 2025 | Accounts · bulk data Apr 2026 |
How the business works
- Profit margin
- 17.7%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £243k
- Revenue ÷ average employees.
- Profit per employee
- £42.9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲2%
- Now 1,681
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- The Government Of Ireland (registered outside the UK register)ultimate parent75–100%
- Esbni Limited75–100%
- Northern Ireland Electricity Networks Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (4)
- Nie Networks Services LimitedRev. £0 · Profit £0
- Nie Finance PLCFigures not disclosed
- Nie LimitedFigures not disclosed
- Northern Ireland Electricity LimitedFigures not disclosed
Sister companies (1)
- Capital Pensions Management LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £72.1m), from the Companies House accounts bulk data published Apr 2026. Spotted an error? Request a correction.
Updated from Companies House on 13 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.