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Thames Water Posts £113m Profit, 40% Bill Rise, Rescue Rejected

7/15/2026

32 2 Full Breakdown

Summary

Story summary

Thames Water posted a profit for the first time in a year after raising customer bills by 40%.
The company reported £113 million post-tax income for the year to March 2026 while net debt rose to £18.5 billion.
The UK government rejected a rescue package in June, moving Thames Water closer to possible nationalisation.
Environment Secretary Emma Reynolds called executive payouts outrageous and announced a ban on bonuses for polluting water bosses.

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Story summary

Thames Water posted a profit for the first time in a year after raising customer bills by 40%.
The company reported £113 million post-tax income for the year to March 2026 while net debt rose to £18.5 billion.
The UK government rejected a rescue package in June, moving Thames Water closer to possible nationalisation.
Environment Secretary Emma Reynolds called executive payouts outrageous and announced a ban on bonuses for polluting water bosses.