Thames Water returns to profit after raising bills
Summary
Thames Water made a profit of £113 million for the year ending March 2026, after increasing customers' bills by 40%. The company’s debt rose to £18.5 billion, and it said it has enough funding to operate until late 2026.Key Facts
- Thames Water returned to profit after a previous loss of £1.51 billion.
- Customer bills were raised by 40% last year.
- The company’s net debt increased from £16.8 billion to £18.5 billion.
- Thames Water funds its business using debt and its own cash.
- A government rescue plan was rejected in June.
- The rejected plan involved forgiving £9.4 billion of debt in exchange for leniency on pollution fines.
- Thames Water says it has enough money to continue operating until the fourth quarter of 2026.
- Chris Weston is the CEO of Thames Water.
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