v3.25.3
Finance income and costs (Details) - GBP (£)
£ in Millions
6 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Finance income    
Interest income from financing activities £ 126 £ 143
Net interest on pensions and other post-retirement benefit obligations 50 50
Net gains on financial assets at fair value through profit and loss 2 3
Other interest income 30 38
Finance income 208 234
Finance costs    
Interest expense on financial instruments (999) (950)
Unwinding of discount on provisions and other liabilities (63) (64)
Net losses on derivative financial instruments (63) (15)
Other interest (11) (21)
Less: interest capitalised 189 134
Finance costs (947) (916)
Net finance costs (739) (682)
Principal accretion on inflation-linked debt 115 87
Finance income (cost), accretion on inflation-linked swaps £ 0 £ 4
Capitalisation rate of borrowing costs eligible for capitalisation 4.50% 4.30%
Tax relief on capitalised interest £ 27 £ 16