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Thames Water Utilities Limited has agreed a payment plan with Ofwat for penalties totalling £122.7m (£104.5m for wastewater and £18.2m for dividend payments) issued on 28 May 2025. Under the plan, £24.5m (20% of the total combined penalties) will be paid no later than 30 September 2025. The remaining balance is due on the earliest of 30 days after the company's restructuring plan, 31 March 2030, or 30 days after exiting the Special Administration Regime.
| Date | 27 Aug 2025 |
| Time | 07:00:08 |
| Category | Corporate updates |
| ID | 7861W |
Thames Water Utilities Limited
27 August 2025
Investigations Update - Payment Plan
Thames Water Utilities Limited (the "Company") has agreed a payment plan with Ofwat relating to penalties issued on 28 May 2025 in relation to its wastewater business (£104.5m) and in relation to dividend payments (£18.2m).
The penalty payment plan will see 20% of the total combined penalties paid no later than 30 September 2025, a sum of £24.5m.
The balance will be paid on the earliest of three possible events, as set out by Ofwat:
· 30 calendar days after the implementation of the company's restructuring plan;
· 31 March 2030;
· If the company enters the Special Administration Regime (SAR) under the Water Industry Act 1991, 30 calendar days after it exits SAR;
These penalties will not be funded by customer bills.
The Company continues to work closely with stakeholders to secure a market-led recapitalisation which delivers for customers and the environment as soon as practicable.
For further information
Investor enquiries
Frederick Maroudas - Director of Corporate Finance
[email protected]
Media enquiries
Suvra Jans - Head of Media Relations
[email protected]
M: 07747 640 810
LEI: 213800JKM5UQHFJOTZ25
Ends