Thames Water Profits Surge, Despite Criticism and Debt
Update: 2025-12-03
Description
Thames Water, the UKs largest water supplier, has returned to profit after a loss last year, reporting £328 million in earnings. This turnaround comes after a 31% increase in customer bills and a 42% jump in revenue. However, the companys debt has grown by 5% to £17.6 billion. Despite financial improvements, Thames Water has faced criticism for sewage spills and leaks, but has reported a 20% drop in pollution incidents. The company is seeking a deal with the government, regulators, and a consortium of creditors to prevent entering a special administration regime. This deal would involve writing off billions in debt and injecting new equity. Thames Waters financial recovery has been hindered by record fines and the need for retention payments for senior managers.
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