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Executive overview
Key findings
343,554 ML: drinking water supplied through five retailer customers in FY 2025-26 (actual)
A$1,247.9 million: operating income in FY 2025-26, with net profit after tax of A$51.0 million (actual)
A$8.6 billion: net debt at June 30, 2026, 79% of the Regulated Asset Base against a 60% benchmark (actual)
A$3.517 a kiloliter: bulk water price for South East Queensland councils in 2026-27 and 2027-28, frozen at the 2025-26 rate (set price)
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Buyer relevance
Who the report is for
Suppliers and contractors new to Seqwater
Get a one-document view of its 26 dams, 35 treatment plants, maintenance contract with Ventia and projects estimated above A$1 billion.
Credit and public finance analysts
Read six years of income, costs, profit and QTC borrowings, with water grid, core and long debt shown separately.
Retail water businesses and councils
See the bulk price frozen at A$3.517 a kiloliter to June 30, 2028 alongside Seqwater's costs and borrowing.
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Decision scope
Questions answered
How much water does Seqwater supply?
About 343,554 ML went to its five retailer customers in FY 2025-26, plus 79,920 ML to commercial customers and 27,967 ML to irrigation customers.
How indebted is Seqwater?
Net debt was A$8.6 billion at June 30, 2026, 79% of the Regulated Asset Base against a 60% benchmark, after a A$500 million draw in FY 2025-26.
How fast are its costs growing?
Operating expenditure rose about 57% between FY 2020-21 and FY 2025-26, to A$471.8 million, while income rose about 20%.
When do irrigation prices change?
From July 1, 2027, government-set prices apply only to certified owner-operated irrigation businesses.
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Inside the report
Inside the complete report
Executive Overview
1. Utility and Service Mandate
2. Water Resources and Supply
3. Infrastructure and Treatment
4. Networks and Assets
5. Wastewater and Resource Management
6. Financial Position
7. Investment and Major Projects
8. Tariffs and Customer Context
9. Energy and Sustainability
10. Governance and Regulation
11. Climate and Resilience
12. Forward Developments
Key Intelligence Summary
Source Register
05
Public preview
What to watch next
6. Financial Position
FY 2026-27 borrowing approval; leverage against the 60% benchmark; operating expenditure against budget.
7. Investment and Major Projects
FY 2026-27 capital delivered against budget; Wyaralong contract award.
8. Tariffs and Customer Context
The QCA's terms of reference for the 2028 review; irrigation prices from July 1, 2027.
Key Intelligence Summary
The FY 2026-27 annual report, expected in September 2027 on the timing of the 2025-26 report.
Financial position: six years of income, operating expenditure, EBITDA, profit and QTC borrowings, with the balance sheet at June 30, 2026.
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Included
What you receive
The complete PDF report: 13 pages, 15 sections, 20 tables and a register of 21 sources.
This edition
October 2026, First edition.
07
Evidence & method
Evidence and method
The profile draws on Seqwater's annual reports and financial statements for FY 2020-21 to FY 2025-26, its national performance, drinking water quality and Water Security Program reports, Queensland Competition Authority and Business Queensland price material, ministerial statements, and Seqwater project pages checked on October 30, 2026.
Sources
21 sources, listed in the report's source register. Evidence current to 30 October 2026. Principal data periods: FY 2020-21 to FY 2025-26 results (years ended June 30); bulk water prices for 2026-27 and 2027-28; irrigation prices for 2025-26 and 2026-27; project and storage status checked on October 30, 2026. All currency is Australian dollars (A$). Figures marked "calculated" are derived in this report from the values shown..
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: Seqwater
- 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_SEQWATER_UTILITY_INTELLIGENCE_PROFILE_1fb25f7cb405
- Evidence current to
- 30 October 2026
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