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Topic: thames-water

A water treatment plant with settling tanks
Economy
Wednesday, 7/15, 07:23 AM

Thames Water Returns to Profit, but Its Debt Keeps Climbing

  • Thames Water reported a pre-tax profit of £226.4 million for the year to March 2026, a sharp turn from a £1.65 billion loss the year before, helped by higher bills.
  • But the utility's debt has swollen to nearly £20 billion, and its survival still hinges on a rescue deal, so the profit says less about recovery than the headline suggests.

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