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Executive overview
Key findings
6.92 million: population supplied in 2025, through 1.64 million customer contracts (actual)
€494.4 million: total investment in 2025 (actual), against more than €2,000 million planned for 2025–2030
1.29 times: parent-company net financial debt to EBITDA at end-2025 (0.39 times at end-2022)
3% a period: cumulative tariff updates over six periods, 2025 to 2030 (Decree 29/2025)
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Buyer relevance
Who the report is for
Suppliers new to the Madrid market
Get the asset base in one place, from 14 drinking water plants with 4.55 hm³ a day of capacity to 155 wastewater plants and 18,051 km of supply network.
Credit and public finance analysts
Read 2023–2025 turnover, EBITDA, net result and net financial debt side by side, with the €159 million of credit lines maturing in December 2026.
Consultants and benchmarking teams
Compare Canal's 4% real-loss estimate, 72.47 mains breaks per 1,000 km and 193.4 liters per inhabitant per day with other utilities.
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Decision scope
Questions answered
How profitable is Canal de Isabel II?
Parent-company EBITDA was €363.75 million on turnover of €983.82 million in 2025, a margin of 36.97%.
How much debt does it carry?
Parent-company net financial debt was €469.46 million at end-2025, 1.29 times EBITDA, up from 0.79 times in 2023.
How fast are tariffs rising?
Decree 29/2025 adds 3% in each of six periods from 2025 to 2030, about 19.4% in total.
How much of its electricity does it generate?
About 78% of its 2025 consumption, from installed capacity of about 114.5 MW, against a target of parity by 2030.
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Inside the report
Inside the complete report
Executive Overview
Utility and Service Mandate
Water Resources and Supply
Infrastructure and Treatment
Networks and Assets
Wastewater and Resource Management
Financial Position
Investment and Major Projects
Tariffs and Customer Context
Energy and Sustainability
Governance and Regulation
Climate and Resilience
Forward Developments
Key Intelligence Summary
Source Register
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Public preview
What to watch next
Financial Position
Refinancing of the credit lines maturing in December 2026; FY 2026 net financial debt and any rating action.
Investment and Major Projects
FY 2026 investment against 2025; the Colmenar Viejo award; the Plan Sanea €200 million tender outcome.
Tariffs and Customer Context
Each annual tariff order; social tariff take-up after 2025's 27.60% rise in discounts.
Networks and Assets
Plan Red kilometers in 2026; confirmation that remote reading reaches all meters by end-2026.
Parent-company and group financial results for 2023–2025, with funding and liquidity at end-2025.
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Included
What you receive
The complete PDF report: 13 pages, 15 sections, 16 tables and a register of 28 sources.
This edition
October 2026, First edition.
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Evidence & method
Evidence and method
The profile draws on Canal de Isabel II's audited consolidated accounts and management reports for 2022–2025, its press releases on projects, hydrology, energy and metering through October 2026, Community of Madrid tariff decrees, orders and government statements, and the EIB's loan announcement.
Sources
28 sources, listed in the report's source register. Evidence current to 29 October 2026. Principal data periods: FY 2025 audited consolidated accounts (year ended December 31, 2025) with 2023–2024 comparatives; hydrological year 2025/26; tariff framework 2025–2030; project status as of October 2026. All currency is euros (€)..
Evidence boundaries
This report uses authoritative source material available at the stated research cutoff. It distinguishes published facts, calculated values and analytical interpretation. No independent modelling is performed. Forward-looking analysis reflects published plans, documented trends and stated uncertainties. It does not constitute legal, financial, investment or engineering advice.
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Lead analyst
Robert C. Brears
Founder, Our Future Water Intelligence
Robert C. Brears is a water-security specialist and author whose work examines utility governance, infrastructure investment, climate resilience and long-term water-system change for executive and policy audiences.
- Decision-focused utility intelligence
- Published water-policy author
- Evidence-grounded system analysis
09
Buyer FAQs
Before you purchase
Who can use the report?
Licensed for internal use within one purchasing organization. The PDF and its contents may be shared with colleagues within that organization. External redistribution, resale and public publication are prohibited without permission.
How is the report delivered?
The PDF is available to download immediately after confirmed payment, through our secure delivery system.
Can my organization buy wider access?
Institutional purchasing: For invoice enquiries, multi-organization licensing or broader access requirements, contact Our Future Water Intelligence.
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Utility Intelligence Profile: Canal de Isabel II
- Format
- Length
- 13 pages
- Edition
- October 2026, First edition
- Price
- USD 99
11
Report details
Publication details
- Publisher
- Our Future Water Intelligence
- Report family
- Utility Intelligence Profile
- Edition
- October 2026, First edition
- Format
- Length
- 13 pages
- Reference
- OFW_EXT_CANAL_DE_ISABEL_II_UTILITY_INTELLIGENCE_PROFILE_044c51454f24
- Evidence current to
- 29 October 2026
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