Thames Water returns to profit after raising bills
Thames Water has returned to profitability after implementing a 40% increase in customer bills, despite a significant rise in its net debt. The company is currently navigating financial challenges after the government rejected a proposed rescue deal involving debt write-offs.
Why it matters
The financial health of major utility providers is critical for infrastructure maintenance and public service delivery, especially when debt levels are high.
Image source, Getty Images By Mitchell Labiak Business reporter Published 15 July 2026, 07:35 BST Updated 13 minutes ago Thames Water has returned to a full-year profit after hiking its customers bills by 40% last year.
The UK's largest water company reported post-tax income of £113m for the 12 months to the end of March, swinging from a £1.51bn post-tax loss the previous year.
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