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Executive overview
Key findings
A$3,485m: total income in FY 2024-25, with net profit after tax of A$375m (actual)
A$3,279m: capital expenditure budget for FY 2025-26, against A$2,466m delivered in FY 2024-25 (budget; actual)
A$19,473m → A$24,828m: forecast net debt, FY 2025-26 to FY 2027-28 (forecast)
A$3.41 a kiloliter: residential drinking water usage charge from July 1, 2026 (in force)
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Buyer relevance
Who the report is for
Suppliers and consultants preparing a first approach to Sydney Water
Get the utility's services, asset base, regulators and named delivery partners in one document before a meeting or bid.
Analysts and lenders
Compare FY 2021-22 to FY 2024-25 results with the Statement of Corporate Intent forecasts, including net debt rising to A$24,828m by FY 2027-28.
Students, journalists and policy staff
Use a single sourced reference for Sydney Water's customers, prices, emissions and license standards, with every figure dated and labeled by status.
03
Decision scope
Questions answered
How many people does Sydney Water serve?
5,565,000 people with drinking water and 5,450,000 with wastewater services in FY 2024-25.
What does Sydney Water charge households in 2026-27?
A$3.41 a kiloliter for drinking water, rising to A$3.84 if Greater Sydney dam levels fall below 60%; a typical house using 50 kL a quarter pays A$387.03.
How much is Sydney Water investing?
A$2,466m was delivered in FY 2024-25, and the Statement of Corporate Intent budgets A$10.2 billion over FY 2025-26 to FY 2027-28.
Is Sydney Water profitable?
Net profit after tax was A$375m in FY 2024-25, below target, on total income of A$3,485m; the forecast for FY 2025-26 is A$528m.
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Inside the report
Inside the complete report
Executive Overview at a Glance
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 2025-26 results against the A$528m profit forecast; gearing against its target.
7. Investment and Major Projects
FY 2025-26 capital delivered against A$3,279m; any re-phasing of the three-year budget.
8. Tariffs and Customer Context
Prices for 2027-28; satisfaction with tap water quality; the top complaint categories, which in FY 2024-25 were wastewater overflows, accounts, other wastewater issues, drinking water quality and meters.
12. Forward Developments
Whether the 2026 Upper South Creek completion holds; a decision on Quakers Hill to Prospect.
Wastewater and recycled water volumes, and four years of financial results against targets
06
Included
What you receive
The complete PDF report: 13 pages, 15 sections, 23 tables and a register of 25 sources.
This edition
October 2026, First edition.
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Evidence & method
Evidence and method
Sydney Water's annual reports for FY 2020-21 to FY 2024-25 and its Statement of Corporate Intent 2025-26, Bureau of Meteorology national performance data, the Operating Licence and Customer Contract 2024–2028, and the utility's climate, water conservation and dam safety reports. Prices, project status and contractor announcements were checked on October 26, 2026.
Sources
25 sources, listed in the report's source register. Evidence current to 26 October 2026. Principal data periods: FY 2020-21 to FY 2024-25 results (years ended June 30); FY 2025-26 to FY 2027-28 Statement of Corporate Intent forecasts; 2026-27 prices; project status checked on October 26, 2026. All currency is Australian dollars (A$). 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: Sydney Water
- 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_SYDNEY_WATER_UTILITY_INTELLIGENCE_PROFILE_8715031c7bed
- Evidence current to
- 26 October 2026
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