Thames Water sinks to £1.6bn loss as debt mountain balloons

NAMPA / DPA

2025-07-15

London (PA Media/dpa) - Troubled Thames Water has revealed it slumped to a £1.65 billion ($2.22 billion) annual loss and saw its debt mountain balloon to £16.79 billion. The struggling utility tumbled to the pre-tax loss in the year to March 31 from profits of £157 million the previous year after it booked a £1.27 billion bad debt provision on intercompany loans and set aside £122 million for fines from Ofwat, among other costs. The group's full......

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